GOOP vs. XPAY

Last updated Jun 6, 2026

GOOP (Kurv Yield Premium Strategy Google ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOOP returned 97.33% vs 24.96% for XPAY. A 0.59 correlation means they provide meaningful diversification when combined. GOOP charges 0.99%/yr vs 0.49%/yr for XPAY.

Performance

GOOP vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Google ETF (GOOP) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOP achieves a 15.34% return, which is significantly higher than XPAY's 8.41% return.

GOOP

• 1D: -1.56%
• 1M: -8.53%
• YTD: 15.34%
• 6M: 13.29%
• 1Y: 97.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPAY

• 1D: -2.60%
• 1M: 0.77%
• YTD: 8.41%
• 6M: 7.85%
• 1Y: 24.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOP vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOP Kurv Yield Premium Strategy Google ETF	15.34%	52.46%	6.46%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	8.41%	16.78%	3.17%

Correlation

The correlation between GOOP and XPAY is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 1, 2024	0.59

The correlation between GOOP and XPAY has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.

Return for Risk

GOOP vs. XPAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOOP

GOOP Risk / Return Rank: 88
GOOP Sharpe Ratio Rank: 94
GOOP Sortino Ratio Rank: 93
GOOP Omega Ratio Rank: 91
GOOP Calmar Ratio Rank: 82
GOOP Martin Ratio Rank: 82

XPAY

XPAY Risk / Return Rank: 63
XPAY Sharpe Ratio Rank: 64
XPAY Sortino Ratio Rank: 61
XPAY Omega Ratio Rank: 64
XPAY Calmar Ratio Rank: 56
XPAY Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOP vs. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google ETF (GOOP) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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.

	GOOP	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	3.42	2.07	+1.35
Sortino ratio: Return per unit of downside risk	4.45	2.79	+1.66
Omega ratio: Gain probability vs. loss probability	1.58	1.37	+0.20
Calmar ratio: Return relative to maximum drawdown	4.20	2.69	+1.51
Martin ratio: Return relative to average drawdown	15.84	12.33	+3.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOP vs. XPAY - Sharpe Ratio Comparison

The current GOOP Sharpe Ratio is 3.42, which is higher than the XPAY Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of GOOP and XPAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOOP	XPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.42	2.07	+1.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.10	+0.45

Drawdowns

GOOP vs. XPAY - Drawdown Comparison

The maximum GOOP drawdown since its inception was -27.49%, which is greater than XPAY's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for GOOP and XPAY.

Drawdown Indicators

	GOOP	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-18.20%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-23.32%	-9.34%	-13.98%
Current Drawdown Current decline from peak	-9.57%	-2.85%	-6.72%
Average Drawdown Average peak-to-trough decline	-6.30%	-2.37%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.17%	2.03%	+4.14%

Volatility

GOOP vs. XPAY - Volatility Comparison

Kurv Yield Premium Strategy Google ETF (GOOP) has a higher volatility of 9.65% compared to Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) at 3.76%. This indicates that GOOP's price experiences larger fluctuations and is considered to be riskier than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOP	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.65%	3.76%	+5.89%
Volatility (6M) Calculated over the trailing 6-month period	22.98%	9.23%	+13.75%
Volatility (1Y) Calculated over the trailing 1-year period	28.60%	12.12%	+16.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.02%	16.79%	+9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	16.79%	+9.23%

GOOP vs. XPAY - Expense Ratio Comparison

GOOP has a 0.99% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

GOOP vs. XPAY - Dividend Comparison

GOOP's dividend yield for the trailing twelve months is around 11.93%, less than XPAY's 20.82% yield.

Position	TTM	2025	2024	2023
GOOP Kurv Yield Premium Strategy Google ETF	11.93%	11.79%	13.73%	2.06%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.82%	21.21%	3.40%	0.00%

Frequently Asked Questions

Can I hold both GOOP and XPAY in my portfolio?

GOOP and XPAY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOP or XPAY?

GOOP has higher volatility (9.65%) compared to XPAY (3.76%). In terms of maximum drawdown, GOOP dropped -27.49% vs XPAY's -18.20%.

Which ETF is better, GOOP or XPAY?

On 1-year performance, GOOP leads with 97.33% vs 24.96% for XPAY. On fees, XPAY is cheaper at 0.49% per year. On volatility, XPAY has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOP or XPAY?

Over the 1-year period, GOOP has performed better with a 97.33% return vs 24.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOP or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.99% for GOOP.

Which ETF pays a higher dividend yield, GOOP or XPAY?

XPAY has the higher dividend yield at 20.82%, compared with 11.93% for GOOP.

What is the main difference between GOOP and XPAY?

They also come from different issuers: Kurv and Roundhill. Their fees differ too: 0.99% for GOOP and 0.49% for XPAY.

Which has better risk-adjusted returns?

GOOP currently has the higher Sharpe Ratio (3.42 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.