GOOY vs. OARK

Last updated Jun 26, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and OARK (YieldMax Innovation Option Income Strategy ETF) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while OARK is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, GOOY returned 76.46% vs 16.18% for OARK. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GOOY vs. OARK - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOY achieves a 8.94% return, which is significantly higher than OARK's 3.82% return.

GOOY

• 1D: -0.42%
• 1M: -10.48%
• YTD: 8.94%
• 6M: 8.62%
• 1Y: 76.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OARK

• 1D: -0.05%
• 1M: -1.74%
• YTD: 3.82%
• 6M: 0.17%
• 1Y: 16.18%
• 3Y*: 13.11%
• 5Y*: —
• 10Y*: —

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

GOOY vs. OARK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	8.94%	53.95%	12.58%	-3.35%
OARK YieldMax Innovation Option Income Strategy ETF	3.82%	20.37%	7.32%	0.91%

Correlation

The correlation between GOOY and OARK is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

Return for Risk

GOOY vs. OARK — Risk / Return Rank

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

GOOY

GOOY Risk / Return Rank: 92
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 93
GOOY Calmar Ratio Rank: 90
GOOY Martin Ratio Rank: 88

OARK

OARK Risk / Return Rank: 18
OARK Sharpe Ratio Rank: 18
OARK Sortino Ratio Rank: 18
OARK Omega Ratio Rank: 18
OARK Calmar Ratio Rank: 18
OARK Martin Ratio Rank: 17

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. OARK - Risk-Adjusted Trends 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.

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	OARK	Difference
Sharpe ratio: Return per unit of total volatility	3.26	0.57	+2.69
Sortino ratio: Return per unit of downside risk	4.40	0.94	+3.46
Omega ratio: Gain probability vs. loss probability	1.56	1.12	+0.44
Calmar ratio: Return relative to maximum drawdown	4.76	0.70	+4.06
Martin ratio: Return relative to average drawdown	16.44	1.62	+14.82

GOOY vs. OARK - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 3.26, which is higher than the OARK Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of GOOY and OARK, 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. OARK - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum OARK drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for GOOY and OARK.

Drawdown Indicators

	GOOY	OARK	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-35.48%	+11.08%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-23.26%	+7.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.48%	—
Current Drawdown Current decline from peak	-12.37%	-8.76%	-3.61%
Average Drawdown Average peak-to-trough decline	-6.30%	-10.53%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	9.99%	-5.32%

Volatility

GOOY vs. OARK - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 7.91%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 9.65%. 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.

Volatility by Period

	GOOY	OARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.91%	9.65%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	17.70%	20.98%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	28.48%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.40%	30.92%	-7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.40%	30.92%	-7.52%

GOOY vs. OARK - Expense Ratio Comparison

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

Dividends

GOOY vs. OARK - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 53.92%, less than OARK's 64.50% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	53.92%	41.50%	36.74%	7.90%
OARK YieldMax Innovation Option Income Strategy ETF	64.50%	61.86%	47.86%	45.03%

Frequently Asked Questions

Can I hold both GOOY and OARK in my portfolio?

GOOY and OARK have a correlation of 0.44, 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 OARK?

OARK has higher volatility (9.65%) compared to GOOY (7.91%). In terms of maximum drawdown, GOOY dropped -24.40% vs OARK's -35.48%.

Which ETF is better, GOOY or OARK?

On 1-year performance, GOOY leads with 76.46% vs 16.18% for OARK. Both ETFs have the same 0.99% expense ratio. On volatility, GOOY has been the lower-risk option at 7.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or OARK?

Over the 1-year period, GOOY has performed better with a 76.46% return vs 16.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or OARK?

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

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

OARK has the higher dividend yield at 64.50%, compared with 53.92% for GOOY.

What is the main difference between GOOY and OARK?

GOOY is categorized as Derivative Income, while OARK is Options Trading.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.26 vs 0.57), 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.