GOOY vs. M
GOOY (YieldMax GOOGL Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while M (Macy's, Inc.) is a stock. Over the past year, GOOY returned 81.48% vs 132.50% for M. At a 0.24 correlation, their price movements are largely independent.
Performance
GOOY vs. M - Performance Comparison
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Returns By Period
In the year-to-date period, GOOY achieves a 13.92% return, which is significantly lower than M's 16.35% return.
GOOY
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 13.92%
- 6M
- 14.56%
- 1Y
- 81.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
M
- 1D
- 1.32%
- 1M
- 37.81%
- YTD
- 16.35%
- 6M
- 7.05%
- 1Y
- 132.50%
- 3Y*
- 20.95%
- 5Y*
- 9.42%
- 10Y*
- 2.22%
GOOY vs. M - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 13.92% | 53.95% | 12.58% | -3.35% |
M Macy's, Inc. | 16.35% | 36.55% | -12.41% | 26.72% |
Correlation
The correlation between GOOY and M is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.24 |
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Return for Risk
GOOY vs. M — Risk / Return Rank
GOOY
M
GOOY vs. M - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and Macy's, Inc. (M). 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 | M | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.43 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 4.33 | +0.74 |
| Martin ratioReturn relative to average drawdown | 18.64 | 10.47 | +8.17 |
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Drawdowns
GOOY vs. M - Drawdown Comparison
The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum M drawdown of -91.95%. Use the drawdown chart below to compare losses from any high point for GOOY and M.
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Drawdown Indicators
| GOOY | M | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.40% | -91.95% | +67.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -28.61% | +12.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.79% | — |
Current DrawdownCurrent decline from peak | -8.37% | -44.51% | +36.14% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -34.61% | +28.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 11.79% | -7.41% |
Volatility
GOOY vs. M - Volatility Comparison
The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 6.21%, while Macy's, Inc. (M) has a volatility of 14.61%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOY | M | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 14.61% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.39% | 29.51% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.33% | 46.38% | -23.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 54.14% | -30.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 56.17% | -32.88% |
Dividends
GOOY vs. M - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 49.78%, more than M's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 49.78% | 41.50% | 36.74% | 7.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
M Macy's, Inc. | 2.19% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
Frequently Asked Questions
GOOY and M have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
M has higher volatility (14.61%) compared to GOOY (6.21%). In terms of maximum drawdown, GOOY dropped -24.40% vs M's -91.95%.
GOOY currently has the higher Sharpe Ratio (3.51 vs 2.67), 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.
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