GOOY vs. GOOW

Last updated Aug 2, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and GOOW (Roundhill GOOGL WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOOY returned 64.48% vs 103.29% for GOOW. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.99% expense ratio.

Performance

GOOY vs. GOOW - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOY achieves a 11.24% return, which is significantly lower than GOOW's 13.56% return.

GOOY

• 1D: 5.28%
• 1M: -1.93%
• 6M: 4.22%
• YTD: 11.24%
• 1Y: 64.48%
• 3Y*: 23.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.98%

GOOW

• 1D: 7.98%
• 1M: -1.82%
• 6M: 3.91%
• YTD: 13.56%
• 1Y: 103.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 92.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOOW Roundhill GOOGL WeeklyPay™ ETF	$1.99M	$1.77M	$2.25M
GOOY YieldMax GOOGL Option Income Strategy ETF	$4.95M	$4.53M	$7.81M

GOOY vs. GOOW - Yearly Performance Comparison

	2026 (YTD)	2025
GOOY YieldMax GOOGL Option Income Strategy ETF	11.24%	49.98%
GOOW Roundhill GOOGL WeeklyPay™ ETF	13.56%	71.16%

Correlation

The correlation between GOOY and GOOW is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.96

The correlation between GOOY and GOOW has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

GOOY vs. GOOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOY

GOOY Risk / Return Rank: 89
GOOY Sharpe Ratio Rank: 93
GOOY Sortino Ratio Rank: 92
GOOY Omega Ratio Rank: 91
GOOY Calmar Ratio Rank: 88
GOOY Martin Ratio Rank: 81

GOOW

GOOW Risk / Return Rank: 90
GOOW Sharpe Ratio Rank: 94
GOOW Sortino Ratio Rank: 92
GOOW Omega Ratio Rank: 90
GOOW Calmar Ratio Rank: 91
GOOW Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOOY vs. GOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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	GOOW	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.54	-0.10
Sortino ratio: Return per unit of downside risk	3.35	3.43	-0.08
Omega ratio: Gain probability vs. loss probability	1.43	1.42	+0.01
Calmar ratio: Return relative to maximum drawdown	3.53	3.95	-0.42
Martin ratio: Return relative to average drawdown	10.51	10.85	-0.34

GOOY vs. GOOW - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 2.44, which is comparable to the GOOW Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of GOOY and GOOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOOY vs. GOOW - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, roughly equal to the maximum GOOW drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for GOOY and GOOW.

Drawdown Indicators

	GOOY	GOOW	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-25.44%	+1.04%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-25.44%	+7.74%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	—	—
Current Drawdown Current decline from peak	-10.52%	-14.60%	+4.08%
Average Drawdown Average peak-to-trough decline	-6.46%	-6.41%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	9.24%	-3.30%

Volatility

GOOY vs. GOOW - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 10.30%, while Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a volatility of 15.50%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than GOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOY	GOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	15.50%	-5.20%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	30.46%	-10.03%
Volatility (1Y) Calculated over the trailing 1-year period	25.69%	39.64%	-13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.89%	39.39%	-15.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	39.39%	-15.50%

GOOY vs. GOOW - Expense Ratio Comparison

Both GOOY and GOOW have an expense ratio of 0.99%.

Dividends

GOOY vs. GOOW - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 55.09%, more than GOOW's 42.80% yield.

Position	TTM	2025	2024	2023
GOOW Roundhill GOOGL WeeklyPay™ ETF	42.80%	19.77%	0.00%	0.00%
GOOY YieldMax GOOGL Option Income Strategy ETF	55.09%	41.50%	36.74%	7.90%

Frequently Asked Questions

Can I hold both GOOY and GOOW in my portfolio?

With a correlation of 0.97, GOOY and GOOW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GOOY or GOOW?

GOOW has higher volatility (15.50%) compared to GOOY (10.30%). In terms of maximum drawdown, GOOY dropped -24.40% vs GOOW's -25.44%.

Which ETF is better, GOOY or GOOW?

On 1-year performance, GOOW leads with 103.29% vs 64.48% for GOOY. Both ETFs have the same 0.99% expense ratio. On volatility, GOOY has been the lower-risk option at 10.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or GOOW?

Over the 1-year period, GOOW has performed better with a 103.29% return vs 64.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or GOOW?

GOOY and GOOW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GOOY or GOOW?

GOOY has the higher dividend yield at 55.09%, compared with 42.80% for GOOW.

What is the main difference between GOOY and GOOW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.54 vs 2.44), 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.