GOOY vs. NVDY

Last updated Aug 2, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past 3 years, GOOY returned 23.10%/yr vs 48.07%/yr for NVDY. Their 0.37 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

GOOY vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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 higher than NVDY's 7.94% 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%

NVDY

• 1D: 2.46%
• 1M: 2.84%
• 6M: 4.02%
• YTD: 7.94%
• 1Y: 18.52%
• 3Y*: 48.07%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.67%

*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)
GOOY YieldMax GOOGL Option Income Strategy ETF	$4.95M	$4.53M	$7.81M
NVDY YieldMax NVDA Option Income Strategy ETF	$28.29M	$28.19M	$37.25M

GOOY vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	11.24%	53.95%	12.58%	-3.35%
NVDY YieldMax NVDA Option Income Strategy ETF	7.94%	27.38%	114.23%	12.27%

Correlation

The correlation between GOOY and NVDY is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023	0.37

Return for Risk

GOOY vs. NVDY — 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

NVDY

NVDY Risk / Return Rank: 27
NVDY Sharpe Ratio Rank: 24
NVDY Sortino Ratio Rank: 25
NVDY Omega Ratio Rank: 24
NVDY Calmar Ratio Rank: 32
NVDY Martin Ratio Rank: 28

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. NVDY - Risk-Adjusted Trends 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.

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	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.55	+1.89
Sortino ratio: Return per unit of downside risk	3.35	0.94	+2.41
Omega ratio: Gain probability vs. loss probability	1.43	1.11	+0.32
Calmar ratio: Return relative to maximum drawdown	3.53	1.06	+2.47
Martin ratio: Return relative to average drawdown	10.51	2.43	+8.08

GOOY vs. NVDY - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 2.44, which is higher than the NVDY Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of GOOY and NVDY, 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. NVDY - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for GOOY and NVDY.

Drawdown Indicators

	GOOY	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-34.08%	+9.68%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-15.31%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	-34.08%	+9.68%
Current Drawdown Current decline from peak	-10.52%	-10.88%	+0.36%
Average Drawdown Average peak-to-trough decline	-6.46%	-6.35%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	6.70%	-0.76%

Volatility

GOOY vs. NVDY - Volatility Comparison

YieldMax GOOGL Option Income Strategy ETF (GOOY) has a higher volatility of 10.30% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 9.70%. This indicates that GOOY's price experiences larger fluctuations and is considered to be riskier than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOY	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	9.70%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	22.69%	-2.26%
Volatility (1Y) Calculated over the trailing 1-year period	25.69%	29.33%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.89%	37.96%	-14.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	37.96%	-14.07%

GOOY vs. NVDY - Expense Ratio Comparison

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

Dividends

GOOY vs. NVDY - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 55.09%, less than NVDY's 63.46% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	55.09%	41.50%	36.74%	7.90%
NVDY YieldMax NVDA Option Income Strategy ETF	63.46%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both GOOY and NVDY in my portfolio?

GOOY and NVDY have a correlation of 0.33, 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 NVDY?

GOOY has higher volatility (10.30%) compared to NVDY (9.70%). In terms of maximum drawdown, GOOY dropped -24.40% vs NVDY's -34.08%.

Which ETF is better, GOOY or NVDY?

On 3-year performance, NVDY leads with 48.07% vs 23.10% for GOOY. Both ETFs have the same 0.99% expense ratio. On volatility, NVDY has been the lower-risk option at 9.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or NVDY?

Over the 3-year period, NVDY has performed better with a 48.07% return vs 23.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or NVDY?

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

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

NVDY has the higher dividend yield at 63.46%, compared with 55.09% for GOOY.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (2.44 vs 0.55), 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.