GOOW vs. GOOG
GOOW (Roundhill GOOGL WeeklyPay™ ETF) is Derivative Income fund actively managed by Roundhill, while GOOG (Alphabet Inc) is a stock. Over the past year, GOOW returned 103.29% vs 88.30% for GOOG. Their 0.98 correlation means they have historically moved very closely together.
Performance
GOOW vs. GOOG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GOOW having a 13.56% return and GOOG slightly higher at 13.80%.
GOOW
- 1D
- 7.98%
- 1M
- -1.82%
- 6M
- 3.91%
- YTD
- 13.56%
- 1Y
- 103.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 92.03%
GOOG
- 1D
- 6.88%
- 1M
- 0.13%
- 6M
- 5.49%
- YTD
- 13.80%
- 1Y
- 88.30%
- 3Y*
- 39.73%
- 5Y*
- 21.62%
- 10Y*
- 25.03%
- ALL TIME*
- 22.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GOOG Alphabet Inc | $7.78B | $6.87B | $7.98B |
| $1.99M | $1.77M | $2.25M |
GOOW vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOOW Roundhill GOOGL WeeklyPay™ ETF | 13.56% | 71.16% |
GOOG Alphabet Inc | 13.80% | 64.11% |
Correlation
The correlation between GOOW and GOOG is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.98 |
The correlation between GOOW and GOOG has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
GOOW vs. GOOG — Risk / Return Rank
GOOW
GOOG
GOOW vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOOW | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 4.14 | -0.19 |
| Martin ratioReturn relative to average drawdown | 10.85 | 11.53 | -0.68 |
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Drawdowns
GOOW vs. GOOG - Drawdown Comparison
The maximum GOOW drawdown since its inception was -25.44%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GOOW and GOOG.
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Drawdown Indicators
| GOOW | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.44% | -44.60% | +19.16% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -20.75% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.60% | — |
Current DrawdownCurrent decline from peak | -14.60% | -10.57% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -8.93% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.24% | 7.44% | +1.80% |
Volatility
GOOW vs. GOOG - Volatility Comparison
Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a higher volatility of 15.50% compared to Alphabet Inc (GOOG) at 13.08%. This indicates that GOOW's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOW | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.50% | 13.08% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 24.59% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.64% | 31.77% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.39% | 31.80% | +7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.39% | 29.34% | +10.05% |
Dividends
GOOW vs. GOOG - Dividend Comparison
GOOW's dividend yield for the trailing twelve months is around 42.80%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% |
GOOW Roundhill GOOGL WeeklyPay™ ETF | 42.80% | 19.77% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, GOOW and GOOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GOOW has higher volatility (15.50%) compared to GOOG (13.08%). In terms of maximum drawdown, GOOW dropped -25.44% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.71 vs 2.54), 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.
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