GOOY vs. NVDY
Compare and contrast key facts about YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax NVDA Option Income Strategy ETF (NVDY).
GOOY and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOY or NVDY.
Key characteristics
| GOOY | NVDY | |
|---|---|---|
| YTD Return | 9.90% | 126.37% |
| 1Y Return | 8.42% | 138.68% |
| Sharpe Ratio | 0.46 | 3.37 |
| Sortino Ratio | 0.69 | 3.69 |
| Omega Ratio | 1.10 | 1.53 |
| Calmar Ratio | 0.51 | 6.70 |
| Martin Ratio | 1.18 | 22.30 |
| Ulcer Index | 7.54% | 6.37% |
| Daily Std Dev | 19.39% | 42.08% |
| Max Drawdown | -17.54% | -21.19% |
| Current Drawdown | -6.89% | -0.62% |
Correlation
The correlation between GOOY and NVDY is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOOY vs. NVDY - Performance Comparison
In the year-to-date period, GOOY achieves a 9.90% return, which is significantly lower than NVDY's 126.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOOY vs. NVDY - Expense Ratio Comparison
Both GOOY and NVDY have an expense ratio of 0.99%.
Risk-Adjusted Performance
GOOY vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.
Dividends
GOOY vs. NVDY - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 31.89%, less than NVDY's 72.94% yield.
| TTM | 2023 | |
|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 31.89% | 7.90% |
NVDY YieldMax NVDA Option Income Strategy ETF | 72.94% | 22.32% |
Drawdowns
GOOY vs. NVDY - Drawdown Comparison
The maximum GOOY drawdown since its inception was -17.54%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for GOOY and NVDY. For additional features, visit the drawdowns tool.
Volatility
GOOY vs. NVDY - Volatility Comparison
The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 4.99%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 7.77%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.