GOOY vs. GOOG
Compare and contrast key facts about YieldMax GOOGL Option Income Strategy ETF (GOOY) and Alphabet Inc (GOOG).
GOOY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOY or GOOG.
Correlation
The correlation between GOOY and GOOG is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOOY vs. GOOG - Performance Comparison
Key characteristics
GOOY:
-0.31
GOOG:
-0.28
GOOY:
-0.21
GOOG:
-0.15
GOOY:
0.97
GOOG:
0.98
GOOY:
-0.28
GOOG:
-0.27
GOOY:
-0.65
GOOG:
-0.59
GOOY:
10.64%
GOOG:
13.24%
GOOY:
24.96%
GOOG:
30.63%
GOOY:
-24.40%
GOOG:
-44.60%
GOOY:
-17.49%
GOOG:
-24.93%
Returns By Period
In the year-to-date period, GOOY achieves a -11.19% return, which is significantly higher than GOOG's -18.12% return.
GOOY
-11.19%
9.13%
-9.43%
-7.62%
N/A
N/A
GOOG
-18.12%
6.26%
-14.36%
-8.57%
17.71%
19.36%
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Risk-Adjusted Performance
GOOY vs. GOOG — Risk-Adjusted Performance Rank
GOOY
GOOG
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.
Dividends
GOOY vs. GOOG - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 42.11%, more than GOOG's 0.51% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 42.11% | 36.74% | 7.90% |
GOOG Alphabet Inc | 0.51% | 0.32% | 0.00% |
Drawdowns
GOOY vs. GOOG - Drawdown Comparison
The maximum GOOY drawdown since its inception was -24.40%, 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.
Volatility
GOOY vs. GOOG - Volatility Comparison
The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 12.62%, while Alphabet Inc (GOOG) has a volatility of 15.00%. 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.