GOOW vs. GOOY

Last updated Jul 14, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

GOOW vs. GOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) and YieldMax GOOGL Option Income Strategy ETF (GOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GOOW having a 12.38% return and GOOY slightly lower at 11.84%.

GOOW

• 1D: -1.60%
• 1M: -2.77%
• 6M: 4.78%
• YTD: 12.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOY

• 1D: -0.76%
• 1M: -1.83%
• 6M: 6.79%
• YTD: 11.84%
• 1Y: 74.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOW vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	12.38%	71.16%
GOOY YieldMax GOOGL Option Income Strategy ETF	11.84%	49.98%

Correlation

The correlation between GOOW and GOOY is 0.96 - 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	0.96

Return for Risk

GOOW vs. GOOY — 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.

GOOY

GOOY Risk / Return Rank: 93
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 94
GOOY Calmar Ratio Rank: 91
GOOY Martin Ratio Rank: 88

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. GOOY - Risk-Adjusted Trends Comparison

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

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	GOOY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.12	—
Sortino ratio: Return per unit of downside risk	—	4.27	—
Omega ratio: Gain probability vs. loss probability	—	1.54	—
Calmar ratio: Return relative to maximum drawdown	—	4.62	—
Martin ratio: Return relative to average drawdown	—	14.68	—

Drawdowns

GOOW vs. GOOY - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, roughly equal to the maximum GOOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for GOOW and GOOY.

Drawdown Indicators

	GOOW	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-24.40%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.15%	—
Current Drawdown Current decline from peak	-15.49%	-10.04%	-5.45%
Average Drawdown Average peak-to-trough decline	-5.72%	-6.34%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.07%	—

Volatility

Volatility by Period

	GOOW	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.65%	23.99%	+13.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.65%	23.42%	+14.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.65%	23.42%	+14.23%

GOOW vs. GOOY - Expense Ratio Comparison

Both GOOW and GOOY have an expense ratio of 0.99%.

Dividends

GOOW vs. GOOY - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 41.53%, less than GOOY's 51.96% yield.

Position	TTM	2025	2024	2023
GOOW Roundhill GOOGL WeeklyPay™ ETF	41.53%	19.77%	0.00%	0.00%
GOOY YieldMax GOOGL Option Income Strategy ETF	51.96%	41.50%	36.74%	7.90%

Frequently Asked Questions

Can I hold both GOOW and GOOY in my portfolio?

With a correlation of 0.96, GOOW and GOOY 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.

Which ETF is better, GOOW or GOOY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOOW or GOOY?

GOOW and GOOY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GOOW or GOOY?

GOOY has the higher dividend yield at 51.96%, compared with 41.53% for GOOW.

What is the main difference between GOOW and GOOY?

They also come from different issuers: Roundhill and YieldMax.