GOOY vs. TPYP
GOOY (YieldMax GOOGL Option Income Strategy ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. GOOY is actively managed, while TPYP is passively managed. Over the past year, GOOY returned 83.00% vs 24.89% for TPYP. At a 0.03 correlation, their price movements are largely independent. GOOY charges 0.99%/yr vs 0.40%/yr for TPYP.
Performance
GOOY vs. TPYP - Performance Comparison
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Returns By Period
In the year-to-date period, GOOY achieves a 9.57% return, which is significantly lower than TPYP's 21.62% return.
GOOY
- 1D
- -0.99%
- 1M
- -8.62%
- YTD
- 9.57%
- 6M
- 9.10%
- 1Y
- 83.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPYP
- 1D
- 1.30%
- 1M
- -3.57%
- YTD
- 21.62%
- 6M
- 21.85%
- 1Y
- 24.89%
- 3Y*
- 26.20%
- 5Y*
- 18.21%
- 10Y*
- 11.89%
GOOY vs. TPYP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 9.57% | 53.95% | 12.58% | -3.35% |
TPYP Tortoise North American Pipeline Fund | 21.62% | 7.59% | 37.37% | 5.34% |
Correlation
The correlation between GOOY and TPYP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.03 |
The correlation between GOOY and TPYP shifts across timeframes, from -0.14 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOOY vs. TPYP — Risk / Return Rank
GOOY
TPYP
GOOY vs. TPYP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and Tortoise North American Pipeline Fund (TPYP). 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 | TPYP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.32 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 3.66 | +1.51 |
| Martin ratioReturn relative to average drawdown | 18.36 | 9.01 | +9.35 |
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Drawdowns
GOOY vs. TPYP - Drawdown Comparison
The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for GOOY and TPYP.
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Drawdown Indicators
| GOOY | TPYP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.40% | -51.91% | +27.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -6.84% | -9.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.91% | — |
Current DrawdownCurrent decline from peak | -11.86% | -4.04% | -7.82% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -7.88% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 2.77% | +1.77% |
Volatility
GOOY vs. TPYP - Volatility Comparison
YieldMax GOOGL Option Income Strategy ETF (GOOY) has a higher volatility of 8.16% compared to Tortoise North American Pipeline Fund (TPYP) at 5.29%. This indicates that GOOY's price experiences larger fluctuations and is considered to be riskier than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOY | TPYP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 5.29% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 10.38% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.67% | 13.33% | +10.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.43% | 17.40% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 21.93% | +1.50% |
GOOY vs. TPYP - Expense Ratio Comparison
GOOY has a 0.99% expense ratio, which is higher than TPYP's 0.40% expense ratio.
Dividends
GOOY vs. TPYP - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 52.71%, more than TPYP's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 52.71% | 41.50% | 36.74% | 7.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.21% | 3.91% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.45% | 4.58% | 3.71% | 3.49% | 2.56% |
Frequently Asked Questions
GOOY and TPYP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOY has higher volatility (8.16%) compared to TPYP (5.29%). In terms of maximum drawdown, GOOY dropped -24.40% vs TPYP's -51.91%.
On 1-year performance, GOOY leads with 83.00% vs 24.89% for TPYP. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GOOY has performed better with a 83.00% return vs 24.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TPYP is cheaper with a 0.40% expense ratio, compared with 0.99% for GOOY.
GOOY has the higher dividend yield at 52.71%, compared with 3.21% for TPYP.
GOOY is categorized as Derivative Income, while TPYP is Energy Equities. They also come from different issuers: YieldMax and Tortoise. Their fees differ too: 0.99% for GOOY and 0.40% for TPYP.
GOOY currently has the higher Sharpe Ratio (3.53 vs 1.88), 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.
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