GOOP vs. YMAG
Compare and contrast key facts about Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).
GOOP and YMAG 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. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOP or YMAG.
Correlation
The correlation between GOOP and YMAG is 0.63, 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. YMAG - Performance Comparison
Key characteristics
GOOP:
0.03
YMAG:
0.49
GOOP:
0.23
YMAG:
0.82
GOOP:
1.03
YMAG:
1.11
GOOP:
0.03
YMAG:
0.48
GOOP:
0.08
YMAG:
1.47
GOOP:
10.94%
YMAG:
8.47%
GOOP:
26.29%
YMAG:
25.37%
GOOP:
-27.49%
YMAG:
-25.95%
GOOP:
-18.72%
YMAG:
-16.89%
Returns By Period
The year-to-date returns for both investments are quite close, with GOOP having a -13.22% return and YMAG slightly higher at -13.16%.
GOOP
-13.22%
0.12%
-3.92%
-3.90%
N/A
N/A
YMAG
-13.16%
-2.21%
-5.68%
10.53%
N/A
N/A
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GOOP vs. YMAG - Expense Ratio Comparison
GOOP has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.
Risk-Adjusted Performance
GOOP vs. YMAG — Risk-Adjusted Performance Rank
GOOP
YMAG
GOOP vs. YMAG - 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 Magnificent 7 Fund of Option Income ETFs (YMAG). 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. YMAG - Dividend Comparison
GOOP's dividend yield for the trailing twelve months is around 18.75%, less than YMAG's 49.94% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
GOOP Kurv Yield Premium Strategy Google (GOOGL) ETF | 18.75% | 13.73% | 2.07% |
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | 49.94% | 35.22% | 0.00% |
Drawdowns
GOOP vs. YMAG - Drawdown Comparison
The maximum GOOP drawdown since its inception was -27.49%, which is greater than YMAG's maximum drawdown of -25.95%. Use the drawdown chart below to compare losses from any high point for GOOP and YMAG. For additional features, visit the drawdowns tool.
Volatility
GOOP vs. YMAG - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is 14.17%, while YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) has a volatility of 15.81%. This indicates that GOOP experiences smaller price fluctuations and is considered to be less risky than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.