GOOP vs. GOOY
Compare and contrast key facts about Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and YieldMax GOOGL Option Income Strategy ETF (GOOY).
GOOP and GOOY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOP is an actively managed fund by Kurv. It was launched on Oct 30, 2023. GOOY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOP or GOOY.
Key characteristics
| GOOP | GOOY | |
|---|---|---|
| YTD Return | 24.65% | 9.90% |
| 1Y Return | 29.86% | 8.42% |
| Sharpe Ratio | 1.60 | 0.46 |
| Sortino Ratio | 2.12 | 0.69 |
| Omega Ratio | 1.30 | 1.10 |
| Calmar Ratio | 1.62 | 0.51 |
| Martin Ratio | 4.54 | 1.18 |
| Ulcer Index | 6.81% | 7.54% |
| Daily Std Dev | 19.33% | 19.39% |
| Max Drawdown | -19.16% | -17.54% |
| Current Drawdown | -3.19% | -6.89% |
Correlation
The correlation between GOOP and GOOY is 0.89, 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.
Performance
GOOP vs. GOOY - Performance Comparison
In the year-to-date period, GOOP achieves a 24.65% return, which is significantly higher than GOOY's 9.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOOP vs. GOOY - Expense Ratio Comparison
Both GOOP and GOOY have an expense ratio of 0.99%.
Risk-Adjusted Performance
GOOP vs. GOOY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and YieldMax GOOGL Option Income Strategy ETF (GOOY). 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. GOOY - Dividend Comparison
GOOP's dividend yield for the trailing twelve months is around 12.58%, less than GOOY's 31.89% yield.
| TTM | 2023 | |
|---|---|---|
GOOP Kurv Yield Premium Strategy Google (GOOGL) ETF | 12.58% | 2.07% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 31.89% | 7.90% |
Drawdowns
GOOP vs. GOOY - Drawdown Comparison
The maximum GOOP drawdown since its inception was -19.16%, which is greater than GOOY's maximum drawdown of -17.54%. Use the drawdown chart below to compare losses from any high point for GOOP and GOOY. For additional features, visit the drawdowns tool.
Volatility
GOOP vs. GOOY - Volatility Comparison
Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) has a higher volatility of 5.65% compared to YieldMax GOOGL Option Income Strategy ETF (GOOY) at 4.99%. This indicates that GOOP's price experiences larger fluctuations and is considered to be riskier than GOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.