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

Performance

GOOY vs. GOOGL - Performance Comparison

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

-15.00%-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-8.48%
-5.61%
GOOY
GOOGL

Returns By Period

In the year-to-date period, GOOY achieves a 2.39% return, which is significantly lower than GOOGL's 18.24% return.


GOOY

YTD

2.39%

1M

-2.49%

6M

-8.48%

1Y

-0.09%

5Y (annualized)

N/A

10Y (annualized)

N/A

GOOGL

YTD

18.24%

1M

1.22%

6M

-5.61%

1Y

19.26%

5Y (annualized)

20.66%

10Y (annualized)

19.69%

Key characteristics


GOOYGOOGL
Sharpe Ratio-0.000.71
Sortino Ratio0.121.13
Omega Ratio1.021.15
Calmar Ratio-0.010.87
Martin Ratio-0.012.16
Ulcer Index7.63%8.93%
Daily Std Dev20.14%27.09%
Max Drawdown-17.54%-65.29%
Current Drawdown-13.25%-13.71%

Compare stocks, funds, or ETFs

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Correlation

-0.50.00.51.00.9

The correlation between GOOY and GOOGL is 0.90, 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.

Risk-Adjusted Performance

GOOY vs. GOOGL - 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. (GOOGL). 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.


Sharpe ratio
The chart of Sharpe ratio for GOOY, currently valued at -0.00, compared to the broader market0.002.004.006.00-0.000.71
The chart of Sortino ratio for GOOY, currently valued at 0.12, compared to the broader market-2.000.002.004.006.008.0010.0012.000.121.13
The chart of Omega ratio for GOOY, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.001.021.15
The chart of Calmar ratio for GOOY, currently valued at -0.01, compared to the broader market0.005.0010.0015.00-0.010.87
The chart of Martin ratio for GOOY, currently valued at -0.01, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-0.012.16
GOOY
GOOGL

The current GOOY Sharpe Ratio is -0.00, which is lower than the GOOGL Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of GOOY and GOOGL, 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 03Nov 10Nov 17
-0.00
0.71
GOOY
GOOGL

Dividends

GOOY vs. GOOGL - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 34.22%, more than GOOGL's 0.24% yield.


TTM2023
GOOY
YieldMax GOOGL Option Income Strategy ETF
34.22%7.90%
GOOGL
Alphabet Inc.
0.24%0.00%

Drawdowns

GOOY vs. GOOGL - Drawdown Comparison

The maximum GOOY drawdown since its inception was -17.54%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GOOY and GOOGL. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-13.25%
-13.71%
GOOY
GOOGL

Volatility

GOOY vs. GOOGL - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 7.58%, while Alphabet Inc. (GOOGL) has a volatility of 9.49%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than GOOGL 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
7.58%
9.49%
GOOY
GOOGL