GOOY vs. PIT

Last updated Jun 14, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past year, GOOY returned 81.48% vs 45.92% for PIT. At a 0.05 correlation, their price movements are largely independent. GOOY charges 0.99%/yr vs 0.55%/yr for PIT.

Performance

GOOY vs. PIT - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOY achieves a 13.92% return, which is significantly lower than PIT's 32.48% return.

GOOY

• 1D: 0.00%
• 1M: -7.48%
• YTD: 13.92%
• 6M: 14.56%
• 1Y: 81.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: -1.00%
• 1M: -9.34%
• YTD: 32.48%
• 6M: 34.12%
• 1Y: 45.92%
• 3Y*: 21.53%
• 5Y*: —
• 10Y*: —

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

GOOY vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	13.92%	53.95%	12.58%	-3.35%
PIT VanEck Commodity Strategy ETF	32.48%	21.63%	6.77%	-5.03%

Correlation

The correlation between GOOY and PIT is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023	0.05

The correlation between GOOY and PIT shifts across timeframes, from -0.09 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GOOY vs. PIT — Risk / Return Rank

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

GOOY

GOOY Risk / Return Rank: 93
GOOY Sharpe Ratio Rank: 96
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 94
GOOY Calmar Ratio Rank: 91
GOOY Martin Ratio Rank: 91

PIT

PIT Risk / Return Rank: 82
PIT Sharpe Ratio Rank: 82
PIT Sortino Ratio Rank: 73
PIT Omega Ratio Rank: 78
PIT Calmar Ratio Rank: 89
PIT Martin Ratio Rank: 87

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. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and VanEck Commodity Strategy ETF (PIT). 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	PIT	Difference
Sharpe ratio: Return per unit of total volatility	3.51	2.28	+1.23
Sortino ratio: Return per unit of downside risk	4.76	2.84	+1.92
Omega ratio: Gain probability vs. loss probability	1.60	1.40	+0.19
Calmar ratio: Return relative to maximum drawdown	5.06	4.66	+0.41
Martin ratio: Return relative to average drawdown	18.64	15.95	+2.70

GOOY vs. PIT - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 3.51, which is higher than the PIT Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of GOOY and PIT, 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. PIT - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for GOOY and PIT.

Drawdown Indicators

	GOOY	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-12.27%	-12.13%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-10.56%	-5.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.27%	—
Current Drawdown Current decline from peak	-8.37%	-10.56%	+2.19%
Average Drawdown Average peak-to-trough decline	-6.27%	-4.02%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	3.08%	+1.30%

Volatility

GOOY vs. PIT - Volatility Comparison

YieldMax GOOGL Option Income Strategy ETF (GOOY) has a higher volatility of 6.21% compared to VanEck Commodity Strategy ETF (PIT) at 4.99%. This indicates that GOOY's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOY	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	4.99%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	17.39%	19.29%	-1.90%
Volatility (1Y) Calculated over the trailing 1-year period	23.33%	21.58%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.29%	17.50%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.29%	17.50%	+5.79%

GOOY vs. PIT - Expense Ratio Comparison

GOOY has a 0.99% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

GOOY vs. PIT - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 49.78%, more than PIT's 6.73% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	49.78%	41.50%	36.74%	7.90%
PIT VanEck Commodity Strategy ETF	6.73%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both GOOY and PIT in my portfolio?

GOOY and PIT have a correlation of -0.09, 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 PIT?

GOOY has higher volatility (6.21%) compared to PIT (4.99%). In terms of maximum drawdown, GOOY dropped -24.40% vs PIT's -12.27%.

Which ETF is better, GOOY or PIT?

On 1-year performance, GOOY leads with 81.48% vs 45.92% for PIT. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or PIT?

Over the 1-year period, GOOY has performed better with a 81.48% return vs 45.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.99% for GOOY.

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

GOOY has the higher dividend yield at 49.78%, compared with 6.73% for PIT.

What is the main difference between GOOY and PIT?

GOOY is categorized as Derivative Income, while PIT is Commodities. They also come from different issuers: YieldMax and VanEck. Their fees differ too: 0.99% for GOOY and 0.55% for PIT.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.51 vs 2.28), 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.