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GOOY vs. GOOG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GOOYGOOG
YTD Return9.40%27.94%
1Y Return9.19%36.91%
Sharpe Ratio0.441.34
Sortino Ratio0.671.87
Omega Ratio1.101.25
Calmar Ratio0.491.58
Martin Ratio1.144.04
Ulcer Index7.50%8.73%
Daily Std Dev19.34%26.28%
Max Drawdown-17.54%-44.60%
Current Drawdown-7.32%-6.52%

Correlation

-0.50.00.51.00.9

The correlation between GOOY and GOOG is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

GOOY vs. GOOG - Performance Comparison

In the year-to-date period, GOOY achieves a 9.40% return, which is significantly lower than GOOG's 27.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
1.08%
5.88%
GOOY
GOOG

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Risk-Adjusted Performance

GOOY vs. GOOG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and Alphabet Inc. (GOOG). 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
Sharpe ratio
The chart of Sharpe ratio for GOOY, currently valued at 0.44, compared to the broader market-2.000.002.004.006.000.44
Sortino ratio
The chart of Sortino ratio for GOOY, currently valued at 0.67, compared to the broader market0.005.0010.000.67
Omega ratio
The chart of Omega ratio for GOOY, currently valued at 1.10, compared to the broader market1.001.502.002.503.001.10
Calmar ratio
The chart of Calmar ratio for GOOY, currently valued at 0.49, compared to the broader market0.005.0010.0015.000.49
Martin ratio
The chart of Martin ratio for GOOY, currently valued at 1.14, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.14
GOOG
Sharpe ratio
The chart of Sharpe ratio for GOOG, currently valued at 1.34, compared to the broader market-2.000.002.004.006.001.34
Sortino ratio
The chart of Sortino ratio for GOOG, currently valued at 1.87, compared to the broader market0.005.0010.001.87
Omega ratio
The chart of Omega ratio for GOOG, currently valued at 1.25, compared to the broader market1.001.502.002.503.001.25
Calmar ratio
The chart of Calmar ratio for GOOG, currently valued at 1.58, compared to the broader market0.005.0010.0015.001.58
Martin ratio
The chart of Martin ratio for GOOG, currently valued at 4.04, compared to the broader market0.0020.0040.0060.0080.00100.00120.004.04

GOOY vs. GOOG - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 0.44, which is lower than the GOOG Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of GOOY and GOOG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50Aug 04Aug 11Aug 18Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03
0.44
1.34
GOOY
GOOG

Dividends

GOOY vs. GOOG - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 32.04%, more than GOOG's 0.22% yield.


TTM2023
GOOY
YieldMax GOOGL Option Income Strategy ETF
32.04%7.90%
GOOG
Alphabet Inc.
0.22%0.00%

Drawdowns

GOOY vs. GOOG - Drawdown Comparison

The maximum GOOY drawdown since its inception was -17.54%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GOOY and GOOG. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.32%
-6.52%
GOOY
GOOG

Volatility

GOOY vs. GOOG - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 4.77%, while Alphabet Inc. (GOOG) has a volatility of 6.76%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
4.77%
6.76%
GOOY
GOOG