GOOW vs. GOOGL

Last updated Jun 24, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) is Derivative Income fund actively managed by Roundhill, while GOOGL (Alphabet Inc. Class A) is a stock. With a 0.98 correlation, they move nearly in lockstep.

Performance

GOOW vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) and Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GOOW having a 10.30% return and GOOGL slightly higher at 10.73%.

GOOW

• 1D: -0.99%
• 1M: -11.92%
• YTD: 10.30%
• 6M: 9.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOGL

• 1D: -1.02%
• 1M: -9.57%
• YTD: 10.73%
• 6M: 10.25%
• 1Y: 110.13%
• 3Y*: 41.85%
• 5Y*: 23.31%
• 10Y*: 26.13%

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

GOOW vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	10.30%	71.16%
GOOGL Alphabet Inc. Class A	10.73%	64.79%

Correlation

The correlation between GOOW and GOOGL is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.98

Return for Risk

GOOW vs. GOOGL — Risk / Return Rank

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

GOOW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 97
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 95

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.

GOOW vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) and Alphabet Inc. Class A (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.

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	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.74	—
Sortino ratio: Return per unit of downside risk	—	4.93	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	5.44	—
Martin ratio: Return relative to average drawdown	—	18.74	—

Drawdowns

GOOW vs. GOOGL - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GOOW and GOOGL.

Drawdown Indicators

	GOOW	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-65.29%	+40.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.32%	—
Current Drawdown Current decline from peak	-17.05%	-13.98%	-3.07%
Average Drawdown Average peak-to-trough decline	-5.22%	-13.01%	+7.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.90%	—

Volatility

Volatility by Period

	GOOW	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.85%	29.66%	+8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.85%	31.47%	+6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.85%	29.17%	+8.68%

Dividends

GOOW vs. GOOGL - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 39.42%, more than GOOGL's 0.25% yield.

Position	TTM	2025	2024
GOOGL Alphabet Inc. Class A	0.25%	0.27%	0.32%
GOOW Roundhill GOOGL WeeklyPay™ ETF	39.42%	19.77%	0.00%

Frequently Asked Questions

Can I hold both GOOW and GOOGL in my portfolio?

With a correlation of 0.98, GOOW and GOOGL 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.