GOOY vs. TSMY

Last updated Jun 24, 2026

GOOY (YieldMax GOOGL Option Income Strategy ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, GOOY returned 83.00% vs 82.45% for TSMY. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GOOY vs. TSMY - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOY achieves a 9.57% return, which is significantly lower than TSMY's 35.90% return.

GOOY

• 1D: -0.99%
• 1M: -8.62%
• YTD: 9.57%
• 6M: 9.10%
• 1Y: 83.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: -5.90%
• 1M: 5.93%
• YTD: 35.90%
• 6M: 38.06%
• 1Y: 82.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOY vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOY YieldMax GOOGL Option Income Strategy ETF	9.57%	53.95%	6.24%
TSMY YieldMax TSM Option Income Strategy ETF	35.90%	41.00%	8.05%

Correlation

The correlation between GOOY and TSMY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.41

Return for Risk

GOOY vs. TSMY — 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: 94
GOOY Omega Ratio Rank: 92
GOOY Calmar Ratio Rank: 89
GOOY Martin Ratio Rank: 88

TSMY

TSMY Risk / Return Rank: 84
TSMY Sharpe Ratio Rank: 86
TSMY Sortino Ratio Rank: 77
TSMY Omega Ratio Rank: 77
TSMY Calmar Ratio Rank: 90
TSMY Martin Ratio Rank: 90

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. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax TSM Option Income Strategy ETF (TSMY). 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	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	3.53	2.66	+0.87
Sortino ratio: Return per unit of downside risk	4.67	3.23	+1.44
Omega ratio: Gain probability vs. loss probability	1.60	1.43	+0.17
Calmar ratio: Return relative to maximum drawdown	5.17	5.35	-0.18
Martin ratio: Return relative to average drawdown	18.36	19.38	-1.03

GOOY vs. TSMY - Sharpe Ratio Comparison

The current GOOY Sharpe Ratio is 3.53, which is higher than the TSMY Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of GOOY and TSMY, 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. TSMY - Drawdown Comparison

The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for GOOY and TSMY.

Drawdown Indicators

	GOOY	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-31.15%	+6.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-15.50%	-0.65%
Current Drawdown Current decline from peak	-11.86%	-5.90%	-5.96%
Average Drawdown Average peak-to-trough decline	-6.28%	-5.44%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	4.27%	+0.27%

Volatility

GOOY vs. TSMY - Volatility Comparison

The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 8.16%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 13.61%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOY	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	13.61%	-5.45%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	25.03%	-7.31%
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	31.14%	-7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.43%	33.94%	-10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.43%	33.94%	-10.51%

GOOY vs. TSMY - Expense Ratio Comparison

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

Dividends

GOOY vs. TSMY - Dividend Comparison

GOOY's dividend yield for the trailing twelve months is around 52.71%, more than TSMY's 51.03% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	52.71%	41.50%	36.74%	7.90%
TSMY YieldMax TSM Option Income Strategy ETF	51.03%	56.76%	13.71%	0.00%

Frequently Asked Questions

Can I hold both GOOY and TSMY in my portfolio?

GOOY and TSMY have a correlation of 0.40, 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 TSMY?

TSMY has higher volatility (13.61%) compared to GOOY (8.16%). In terms of maximum drawdown, GOOY dropped -24.40% vs TSMY's -31.15%.

Which ETF is better, GOOY or TSMY?

On 1-year performance, GOOY leads with 83.00% vs 82.45% for TSMY. Both ETFs have the same 0.99% expense ratio. On volatility, GOOY has been the lower-risk option at 8.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOY or TSMY?

Over the 1-year period, GOOY has performed better with a 83.00% return vs 82.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOY or TSMY?

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

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

GOOY has the higher dividend yield at 52.71%, compared with 51.03% for TSMY.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.53 vs 2.66), 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.