GOOW vs. GOOY

Last updated Aug 2, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOOW returned 103.29% vs 64.48% for GOOY. Their 0.96 correlation means they have historically moved very closely together. 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

In the year-to-date period, GOOW achieves a 13.56% return, which is significantly higher than GOOY's 11.24% return.

GOOW

• 1D: 7.98%
• 1M: -1.82%
• 6M: 3.91%
• YTD: 13.56%
• 1Y: 103.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 92.03%

GOOY

• 1D: 5.28%
• 1M: -1.93%
• 6M: 4.22%
• YTD: 11.24%
• 1Y: 64.48%
• 3Y*: 23.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOOW Roundhill GOOGL WeeklyPay™ ETF	$1.99M	$1.77M	$2.25M
GOOY YieldMax GOOGL Option Income Strategy ETF	$4.95M	$4.53M	$7.81M

GOOW vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	13.56%	71.16%
GOOY YieldMax GOOGL Option Income Strategy ETF	11.24%	49.98%

Correlation

The correlation between GOOW and GOOY is 0.97 - 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.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.96

The correlation between GOOW and GOOY has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

GOOW vs. GOOY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOW

GOOW Risk / Return Rank: 90
GOOW Sharpe Ratio Rank: 94
GOOW Sortino Ratio Rank: 92
GOOW Omega Ratio Rank: 90
GOOW Calmar Ratio Rank: 91
GOOW Martin Ratio Rank: 82

GOOY

GOOY Risk / Return Rank: 89
GOOY Sharpe Ratio Rank: 93
GOOY Sortino Ratio Rank: 92
GOOY Omega Ratio Rank: 91
GOOY Calmar Ratio Rank: 88
GOOY Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	2.54	2.44	+0.10
Sortino ratio: Return per unit of downside risk	3.43	3.35	+0.08
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.95	3.53	+0.42
Martin ratio: Return relative to average drawdown	10.85	10.51	+0.34

GOOW vs. GOOY - Sharpe Ratio Comparison

The current GOOW Sharpe Ratio is 2.54, which is comparable to the GOOY Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of GOOW and GOOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOOW vs. GOOY - Drawdown Comparison

The maximum GOOW drawdown since its inception was -25.44%, 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	-25.44%	-24.40%	-1.04%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-17.70%	-7.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.40%	—
Current Drawdown Current decline from peak	-14.60%	-10.52%	-4.08%
Average Drawdown Average peak-to-trough decline	-6.41%	-6.46%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	5.94%	+3.30%

Volatility

GOOW vs. GOOY - Volatility Comparison

Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a higher volatility of 15.50% compared to YieldMax GOOGL Option Income Strategy ETF (GOOY) at 10.30%. This indicates that GOOW's price experiences larger fluctuations and is considered to be riskier than GOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOW	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.50%	10.30%	+5.20%
Volatility (6M) Calculated over the trailing 6-month period	30.46%	20.43%	+10.03%
Volatility (1Y) Calculated over the trailing 1-year period	39.64%	25.69%	+13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.39%	23.89%	+15.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.39%	23.89%	+15.50%

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 42.80%, less than GOOY's 55.09% yield.

Position	TTM	2025	2024	2023
GOOW Roundhill GOOGL WeeklyPay™ ETF	42.80%	19.77%	0.00%	0.00%
GOOY YieldMax GOOGL Option Income Strategy ETF	55.09%	41.50%	36.74%	7.90%

Frequently Asked Questions

Can I hold both GOOW and GOOY in my portfolio?

With a correlation of 0.97, 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 is riskier, GOOW or GOOY?

GOOW has higher volatility (15.50%) compared to GOOY (10.30%). In terms of maximum drawdown, GOOW dropped -25.44% vs GOOY's -24.40%.

Which ETF is better, GOOW or GOOY?

On 1-year performance, GOOW leads with 103.29% vs 64.48% for GOOY. Both ETFs have the same 0.99% expense ratio. On volatility, GOOY has been the lower-risk option at 10.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOW or GOOY?

Over the 1-year period, GOOW has performed better with a 103.29% return vs 64.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 55.09%, compared with 42.80% for GOOW.

What is the main difference between GOOW and GOOY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.54 vs 2.44), 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.