GOOY vs. MEMX

Last updated Jun 14, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and MEMX (Matthews Emerging Markets Ex China Active ETF) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while MEMX is a Emerging Markets Diversified fund actively managed by Matthews. Both are actively managed. Over the past year, GOOY returned 81.48% vs 63.43% for MEMX. At a 0.44 correlation, their price movements are largely independent. GOOY charges 0.99%/yr vs 0.79%/yr for MEMX.

Performance

GOOY vs. MEMX - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOY achieves a 13.92% return, which is significantly lower than MEMX's 29.81% return.

GOOY

• 1D: 0.00%
• 1M: -7.48%
• YTD: 13.92%
• 6M: 14.56%
• 1Y: 81.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEMX

• 1D: 0.55%
• 1M: 5.01%
• YTD: 29.81%
• 6M: 38.48%
• 1Y: 63.43%
• 3Y*: 24.90%
• 5Y*: —
• 10Y*: —

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

GOOY vs. MEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	13.92%	53.95%	12.58%	-3.35%
MEMX Matthews Emerging Markets Ex China Active ETF	29.81%	35.88%	5.50%	2.99%

Correlation

The correlation between GOOY and MEMX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023	0.44

Return for Risk

GOOY vs. MEMX — Risk / Return Rank

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

GOOY

GOOY Risk / Return Rank: 93
GOOY Sharpe Ratio Rank: 96
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 94
GOOY Calmar Ratio Rank: 91
GOOY Martin Ratio Rank: 91

MEMX

MEMX Risk / Return Rank: 86
MEMX Sharpe Ratio Rank: 89
MEMX Sortino Ratio Rank: 83
MEMX Omega Ratio Rank: 87
MEMX Calmar Ratio Rank: 85
MEMX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOY vs. MEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and Matthews Emerging Markets Ex China Active ETF (MEMX). 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	MEMX	Difference
Sharpe ratio: Return per unit of total volatility	3.51	2.61	+0.90
Sortino ratio: Return per unit of downside risk	4.76	3.26	+1.50
Omega ratio: Gain probability vs. loss probability	1.60	1.47	+0.12
Calmar ratio: Return relative to maximum drawdown	5.06	4.16	+0.90
Martin ratio: Return relative to average drawdown	18.64	15.97	+2.67

GOOY vs. MEMX - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 3.51, which is higher than the MEMX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of GOOY and MEMX, 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. MEMX - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, which is greater than MEMX's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for GOOY and MEMX.

Drawdown Indicators

	GOOY	MEMX	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-19.27%	-5.13%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-14.70%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.27%	—
Current Drawdown Current decline from peak	-8.37%	-3.40%	-4.97%
Average Drawdown Average peak-to-trough decline	-6.27%	-3.50%	-2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	3.83%	+0.55%

Volatility

GOOY vs. MEMX - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 6.21%, while Matthews Emerging Markets Ex China Active ETF (MEMX) has a volatility of 11.94%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than MEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOY	MEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	11.94%	-5.73%
Volatility (6M) Calculated over the trailing 6-month period	17.39%	21.24%	-3.85%
Volatility (1Y) Calculated over the trailing 1-year period	23.33%	23.42%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.29%	17.73%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.29%	17.73%	+5.56%

GOOY vs. MEMX - Expense Ratio Comparison

GOOY has a 0.99% expense ratio, which is higher than MEMX's 0.79% expense ratio.

Dividends

GOOY vs. MEMX - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 49.78%, more than MEMX's 3.76% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	49.78%	41.50%	36.74%	7.90%
MEMX Matthews Emerging Markets Ex China Active ETF	3.76%	4.88%	0.99%	1.13%

Frequently Asked Questions

Can I hold both GOOY and MEMX in my portfolio?

GOOY and MEMX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOY or MEMX?

MEMX has higher volatility (11.94%) compared to GOOY (6.21%). In terms of maximum drawdown, GOOY dropped -24.40% vs MEMX's -19.27%.

Which ETF is better, GOOY or MEMX?

On 1-year performance, GOOY leads with 81.48% vs 63.43% for MEMX. On fees, MEMX is cheaper at 0.79% per year. On volatility, GOOY has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or MEMX?

Over the 1-year period, GOOY has performed better with a 81.48% return vs 63.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or MEMX?

MEMX is cheaper with a 0.79% expense ratio, compared with 0.99% for GOOY.

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

GOOY has the higher dividend yield at 49.78%, compared with 3.76% for MEMX.

What is the main difference between GOOY and MEMX?

GOOY is categorized as Derivative Income, while MEMX is Emerging Markets Diversified. They also come from different issuers: YieldMax and Matthews. Their fees differ too: 0.99% for GOOY and 0.79% for MEMX.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.51 vs 2.61), 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.