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.
Correlation
The correlation between GOOY and OARK is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOOY vs. OARK - Performance Comparison
Key characteristics
GOOY:
0.45
OARK:
0.85
GOOY:
0.70
OARK:
1.26
GOOY:
1.10
OARK:
1.16
GOOY:
0.54
OARK:
1.07
GOOY:
1.20
OARK:
3.39
GOOY:
7.95%
OARK:
6.86%
GOOY:
21.16%
OARK:
27.31%
GOOY:
-17.54%
OARK:
-27.24%
GOOY:
-3.45%
OARK:
-3.74%
Returns By Period
In the year-to-date period, GOOY achieves a 1.23% return, which is significantly lower than OARK's 4.08% return.
GOOY
1.23%
-0.12%
6.79%
9.30%
N/A
N/A
OARK
4.08%
-0.62%
18.49%
23.33%
N/A
N/A
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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 Rank
GOOY
OARK
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 37.79%, less than OARK's 47.54% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 37.79% | 36.74% | 7.90% |
OARK YieldMax Innovation Option Income Strategy ETF | 47.54% | 47.85% | 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 5.55%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 8.31%. 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.