GOOY vs. EWY
GOOY (YieldMax GOOGL Option Income Strategy ETF) and EWY (iShares MSCI South Korea ETF) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while EWY is a Asia Pacific Equities fund tracking the MSCI Korea Index. GOOY is actively managed, while EWY is passively managed. Over the past year, GOOY returned 84.81% vs 225.50% for EWY. At a 0.39 correlation, their price movements are largely independent. GOOY charges 0.99%/yr vs 0.59%/yr for EWY.
Performance
GOOY vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, GOOY achieves a 16.01% return, which is significantly lower than EWY's 117.50% return.
GOOY
- 1D
- 1.84%
- 1M
- -5.79%
- YTD
- 16.01%
- 6M
- 17.06%
- 1Y
- 84.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWY
- 1D
- 7.09%
- 1M
- 18.22%
- YTD
- 117.50%
- 6M
- 133.15%
- 1Y
- 225.50%
- 3Y*
- 50.62%
- 5Y*
- 20.64%
- 10Y*
- 17.58%
GOOY vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 16.01% | 53.95% | 12.58% | -3.35% |
EWY iShares MSCI South Korea ETF | 117.50% | 95.33% | -20.48% | 1.39% |
Correlation
The correlation between GOOY and EWY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.39 |
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Return for Risk
GOOY vs. EWY — Risk / Return Rank
GOOY
EWY
GOOY vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and iShares MSCI South Korea ETF (EWY). 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.
| GOOY | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.64 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 9.84 | -4.56 |
| Martin ratioReturn relative to average drawdown | 19.35 | 34.39 | -15.04 |
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Drawdowns
GOOY vs. EWY - Drawdown Comparison
The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for GOOY and EWY.
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Drawdown Indicators
| GOOY | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.40% | -74.14% | +49.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -23.08% | +6.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -6.68% | -2.42% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -20.11% | +13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 6.59% | -2.19% |
Volatility
GOOY vs. EWY - Volatility Comparison
The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 6.60%, while iShares MSCI South Korea ETF (EWY) has a volatility of 26.48%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOY | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 26.48% | -19.88% |
Volatility (6M)Calculated over the trailing 6-month period | 17.31% | 43.04% | -25.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.39% | 47.01% | -23.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.30% | 30.33% | -7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 28.15% | -4.85% |
GOOY vs. EWY - Expense Ratio Comparison
GOOY has a 0.99% expense ratio, which is higher than EWY's 0.59% expense ratio.
Dividends
GOOY vs. EWY - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 48.88%, more than EWY's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 0.96% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 48.88% | 41.50% | 36.74% | 7.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOOY and EWY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (26.48%) compared to GOOY (6.60%). In terms of maximum drawdown, GOOY dropped -24.40% vs EWY's -74.14%.
On 1-year performance, EWY leads with 225.50% vs 84.81% for GOOY. On fees, EWY is cheaper at 0.59% per year. On volatility, GOOY has been the lower-risk option at 6.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWY has performed better with a 225.50% return vs 84.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWY is cheaper with a 0.59% expense ratio, compared with 0.99% for GOOY.
GOOY has the higher dividend yield at 48.88%, compared with 0.96% for EWY.
GOOY is categorized as Derivative Income, while EWY is Asia Pacific Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for GOOY and 0.59% for EWY.
EWY currently has the higher Sharpe Ratio (4.84 vs 3.65), 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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