GOOY vs. CONY

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax COIN Option Income Strategy ETF (CONY).

GOOY and CONY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.

Performance

GOOY vs. CONY - Performance Comparison

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

GOOY vs. CONY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	-2.52%	53.95%	12.58%	-2.35%
CONY YieldMax COIN Option Income Strategy ETF	-22.28%	-26.34%	23.62%	81.04%

Returns By Period

In the year-to-date period, GOOY achieves a -2.52% return, which is significantly higher than CONY's -22.28% return.

GOOY

• 1D: 2.68%
• 1M: -1.83%
• YTD: -2.52%
• 6M: 18.19%
• 1Y: 71.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CONY

• 1D: -0.65%
• 1M: -4.43%
• YTD: -22.28%
• 6M: -46.53%
• 1Y: -21.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOY vs. CONY - Expense Ratio Comparison

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

GOOY

YieldMax GOOGL Option Income Strategy ETF

CONY

YieldMax COIN Option Income Strategy ETF

Return for Risk

GOOY vs. CONY — Risk / Return Rank

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

GOOY

GOOY Risk / Return Rank: 96
GOOY Sharpe Ratio Rank: 97
GOOY Sortino Ratio Rank: 97
GOOY Omega Ratio Rank: 96
GOOY Calmar Ratio Rank: 96
GOOY Martin Ratio Rank: 96

CONY

CONY Risk / Return Rank: 7
CONY Sharpe Ratio Rank: 5
CONY Sortino Ratio Rank: 7
CONY Omega Ratio Rank: 7
CONY Calmar Ratio Rank: 7
CONY Martin Ratio Rank: 7

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.

GOOY vs. CONY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax COIN Option Income Strategy ETF (CONY). 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.

	GOOY	CONY	Difference
Sharpe ratio Return per unit of total volatility	2.91	-0.37	+3.28
Sortino ratio Return per unit of downside risk	3.77	-0.18	+3.95
Omega ratio Gain probability vs. loss probability	1.50	0.98	+0.52
Calmar ratio Return relative to maximum drawdown	4.62	-0.33	+4.95
Martin ratio Return relative to average drawdown	18.18	-0.67	+18.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOY vs. CONY - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 2.91, which is higher than the CONY Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of GOOY and CONY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOOY	CONY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	-0.37	+3.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.16	+0.71

Correlation

The correlation between GOOY and CONY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GOOY vs. CONY - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 47.95%, less than CONY's 213.07% yield.

	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	47.95%	41.50%	36.74%	7.90%
CONY YieldMax COIN Option Income Strategy ETF	213.07%	192.07%	155.66%	16.43%

Drawdowns

GOOY vs. CONY - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum CONY drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for GOOY and CONY.

Drawdown Indicators

	GOOY	CONY	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-63.57%	+39.17%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-63.39%	+47.24%
Current Drawdown Current decline from peak	-10.22%	-55.97%	+45.75%
Average Drawdown Average peak-to-trough decline	-6.50%	-20.23%	+13.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	31.10%	-27.00%

Volatility

GOOY vs. CONY - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 8.04%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 19.71%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOY	CONY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	19.71%	-11.67%
Volatility (6M) Calculated over the trailing 6-month period	16.29%	44.87%	-28.58%
Volatility (1Y) Calculated over the trailing 1-year period	24.71%	59.46%	-34.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	60.49%	-37.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.90%	60.49%	-37.59%