GOOY vs. OARK
Compare and contrast key facts about YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax Innovation Option Income Strategy ETF (OARK).
GOOY and OARK 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. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOY or OARK.
Key characteristics
| GOOY | OARK | |
|---|---|---|
| YTD Return | 10.40% | 4.32% |
| 1Y Return | 9.55% | 24.87% |
| Sharpe Ratio | 0.52 | 0.91 |
| Sortino Ratio | 0.76 | 1.32 |
| Omega Ratio | 1.11 | 1.17 |
| Calmar Ratio | 0.57 | 1.04 |
| Martin Ratio | 1.33 | 2.80 |
| Ulcer Index | 7.49% | 8.62% |
| Daily Std Dev | 19.32% | 26.60% |
| Max Drawdown | -17.54% | -27.24% |
| Current Drawdown | -6.47% | -0.98% |
Correlation
The correlation between GOOY and OARK is 0.37, 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. OARK - Performance Comparison
In the year-to-date period, GOOY achieves a 10.40% return, which is significantly higher than OARK's 4.32% 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. OARK - Expense Ratio Comparison
Both GOOY and OARK have an expense ratio of 0.99%.
Risk-Adjusted Performance
GOOY vs. OARK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax Innovation Option Income Strategy ETF (OARK). 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. OARK - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 31.74%, less than OARK's 40.51% yield.
| TTM | 2023 | |
|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 31.74% | 7.90% |
OARK YieldMax Innovation Option Income Strategy ETF | 40.51% | 45.04% |
Drawdowns
GOOY vs. OARK - Drawdown Comparison
The maximum GOOY drawdown since its inception was -17.54%, smaller than the maximum OARK drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for GOOY and OARK. For additional features, visit the drawdowns tool.
Volatility
GOOY vs. OARK - Volatility Comparison
The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 4.62%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 9.66%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.