GOOP vs. GOOG
Compare and contrast key facts about Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and Alphabet Inc. (GOOG).
GOOP is an actively managed fund by Kurv. It was launched on Oct 30, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOP or GOOG.
Correlation
The correlation between GOOP and GOOG is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOOP vs. GOOG - Performance Comparison
Key characteristics
GOOP:
0.00
GOOG:
0.09
GOOP:
0.19
GOOG:
0.35
GOOP:
1.02
GOOG:
1.04
GOOP:
0.00
GOOG:
0.09
GOOP:
0.01
GOOG:
0.22
GOOP:
10.88%
GOOG:
12.50%
GOOP:
26.24%
GOOG:
31.55%
GOOP:
-27.49%
GOOG:
-44.60%
GOOP:
-20.05%
GOOG:
-22.17%
Returns By Period
The year-to-date returns for both stocks are quite close, with GOOP having a -14.63% return and GOOG slightly lower at -15.12%.
GOOP
-14.63%
-5.76%
-4.47%
-1.22%
N/A
N/A
GOOG
-15.12%
-6.55%
-1.64%
0.70%
20.53%
19.36%
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Risk-Adjusted Performance
GOOP vs. GOOG — Risk-Adjusted Performance Rank
GOOP
GOOG
GOOP vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and Alphabet Inc. (GOOG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GOOP vs. GOOG - Dividend Comparison
GOOP's dividend yield for the trailing twelve months is around 19.06%, more than GOOG's 0.50% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
GOOP Kurv Yield Premium Strategy Google (GOOGL) ETF | 19.06% | 13.73% | 2.07% |
GOOG Alphabet Inc. | 0.50% | 0.32% | 0.00% |
Drawdowns
GOOP vs. GOOG - Drawdown Comparison
The maximum GOOP drawdown since its inception was -27.49%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GOOP and GOOG. For additional features, visit the drawdowns tool.
Volatility
GOOP vs. GOOG - Volatility Comparison
Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and Alphabet Inc. (GOOG) have volatilities of 14.32% and 14.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.