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

Correlation

The correlation between GOOY and GOOGL 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. 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 Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

GOOY:

-0.35

GOOGL:

-0.32

Sortino Ratio

GOOY:

-0.28

GOOGL:

-0.27

Omega Ratio

GOOY:

0.96

GOOGL:

0.97

Calmar Ratio

GOOY:

-0.34

GOOGL:

-0.35

Martin Ratio

GOOY:

-0.77

GOOGL:

-0.77

Ulcer Index

GOOY:

10.70%

GOOGL:

13.55%

Daily Std Dev

GOOY:

24.97%

GOOGL:

30.78%

Max Drawdown

GOOY:

-24.40%

GOOGL:

-65.29%

Current Drawdown

GOOY:

-17.98%

GOOGL:

-25.90%

Returns By Period

In the year-to-date period, GOOY achieves a -11.71% return, which is significantly higher than GOOGL's -19.22% return.


GOOY

YTD

-11.71%

1M

2.88%

6M

-9.15%

1Y

-8.16%

5Y*

N/A

10Y*

N/A

GOOGL

YTD

-19.22%

1M

-0.05%

6M

-14.16%

1Y

-8.99%

5Y*

17.00%

10Y*

19.05%

*Annualized

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Risk-Adjusted Performance

GOOY vs. GOOGL — Risk-Adjusted Performance Rank

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

GOOY
The Risk-Adjusted Performance Rank of GOOY is 88
Overall Rank
The Sharpe Ratio Rank of GOOY is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of GOOY is 99
Sortino Ratio Rank
The Omega Ratio Rank of GOOY is 88
Omega Ratio Rank
The Calmar Ratio Rank of GOOY is 55
Calmar Ratio Rank
The Martin Ratio Rank of GOOY is 88
Martin Ratio Rank

GOOGL
The Risk-Adjusted Performance Rank of GOOGL is 3131
Overall Rank
The Sharpe Ratio Rank of GOOGL is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of GOOGL is 2929
Sortino Ratio Rank
The Omega Ratio Rank of GOOGL is 2929
Omega Ratio Rank
The Calmar Ratio Rank of GOOGL is 2929
Calmar Ratio Rank
The Martin Ratio Rank of GOOGL is 3434
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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 Class A (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.


The current GOOY Sharpe Ratio is -0.35, which is comparable to the GOOGL Sharpe Ratio of -0.32. 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.


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Dividends

GOOY vs. GOOGL - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 42.36%, more than GOOGL's 0.52% yield.


TTM20242023
GOOY
YieldMax GOOGL Option Income Strategy ETF
42.36%36.74%7.90%
GOOGL
Alphabet Inc Class A
0.52%0.32%0.00%

Drawdowns

GOOY vs. GOOGL - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, 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.


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Volatility

GOOY vs. GOOGL - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 10.47%, while Alphabet Inc Class A (GOOGL) has a volatility of 11.57%. 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.


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