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GOOP vs. GOOGL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GOOP and GOOGL is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

GOOP vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and Alphabet Inc. (GOOGL). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
42.78%
57.43%
GOOP
GOOGL

Key characteristics

Sharpe Ratio

GOOP:

1.47

GOOGL:

1.40

Sortino Ratio

GOOP:

1.94

GOOGL:

1.95

Omega Ratio

GOOP:

1.27

GOOGL:

1.26

Calmar Ratio

GOOP:

1.55

GOOGL:

1.77

Martin Ratio

GOOP:

4.21

GOOGL:

4.28

Ulcer Index

GOOP:

7.08%

GOOGL:

9.14%

Daily Std Dev

GOOP:

20.35%

GOOGL:

28.03%

Max Drawdown

GOOP:

-19.16%

GOOGL:

-65.29%

Current Drawdown

GOOP:

-0.08%

GOOGL:

-1.03%

Returns By Period

In the year-to-date period, GOOP achieves a 29.24% return, which is significantly lower than GOOGL's 39.84% return.


GOOP

YTD

29.24%

1M

13.03%

6M

4.48%

1Y

29.19%

5Y*

N/A

10Y*

N/A

GOOGL

YTD

39.84%

1M

18.26%

6M

8.87%

1Y

38.06%

5Y*

23.84%

10Y*

21.91%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

GOOP vs. GOOGL - 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. (GOOGL). 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.


Sharpe ratio
The chart of Sharpe ratio for GOOP, currently valued at 1.47, compared to the broader market0.002.004.001.471.40
The chart of Sortino ratio for GOOP, currently valued at 1.94, compared to the broader market-2.000.002.004.006.008.0010.001.941.95
The chart of Omega ratio for GOOP, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.26
The chart of Calmar ratio for GOOP, currently valued at 1.55, compared to the broader market0.005.0010.0015.001.551.77
The chart of Martin ratio for GOOP, currently valued at 4.21, compared to the broader market0.0020.0040.0060.0080.00100.004.214.28
GOOP
GOOGL

The current GOOP Sharpe Ratio is 1.47, which is comparable to the GOOGL Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of GOOP and GOOGL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.801.001.201.401.601.80Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15Dec 22
1.47
1.40
GOOP
GOOGL

Dividends

GOOP vs. GOOGL - Dividend Comparison

GOOP's dividend yield for the trailing twelve months is around 11.72%, more than GOOGL's 0.31% yield.


TTM2023
GOOP
Kurv Yield Premium Strategy Google (GOOGL) ETF
11.72%2.07%
GOOGL
Alphabet Inc.
0.31%0.00%

Drawdowns

GOOP vs. GOOGL - Drawdown Comparison

The maximum GOOP drawdown since its inception was -19.16%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GOOP and GOOGL. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.08%
-1.03%
GOOP
GOOGL

Volatility

GOOP vs. GOOGL - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is 5.99%, while Alphabet Inc. (GOOGL) has a volatility of 10.16%. This indicates that GOOP experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
5.99%
10.16%
GOOP
GOOGL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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