GOOY vs. UGA
GOOY (YieldMax GOOGL Option Income Strategy ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - GOOY is a Derivative Income fund actively managed by YieldMax, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. GOOY is actively managed, while UGA is passively managed. Over the past year, GOOY returned 88.26% vs 80.94% for UGA. At a correlation of -0.02, they often move in opposite directions. GOOY charges 0.99%/yr vs 0.75%/yr for UGA.
Performance
GOOY vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, GOOY achieves a 13.61% return, which is significantly lower than UGA's 75.49% return.
GOOY
- 1D
- -0.65%
- 1M
- -5.16%
- YTD
- 13.61%
- 6M
- 11.36%
- 1Y
- 88.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
GOOY vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 13.61% | 53.95% | 12.58% | -3.73% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | -16.62% |
Correlation
The correlation between GOOY and UGA is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023 | -0.02 |
The correlation between GOOY and UGA shifts across timeframes, from -0.20 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOOY vs. UGA — Risk / Return Rank
GOOY
UGA
GOOY vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and United States Gasoline Fund LP (UGA). 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.
| GOOY | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | 5.47 | +0.03 |
| Martin ratioReturn relative to average drawdown | 21.08 | 13.25 | +7.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOOY | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.84 | 2.32 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.12 | +0.97 |
Drawdowns
GOOY vs. UGA - Drawdown Comparison
The maximum GOOY drawdown since its inception was -24.40%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for GOOY and UGA.
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Drawdown Indicators
| GOOY | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.40% | -86.59% | +62.19% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -14.88% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -8.61% | -12.35% | +3.74% |
Average DrawdownAverage peak-to-trough decline | -6.26% | -36.76% | +30.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 6.13% | -1.93% |
Volatility
GOOY vs. UGA - Volatility Comparison
The current volatility for YieldMax GOOGL Option Income Strategy ETF (GOOY) is 6.90%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that GOOY experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOY | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 11.66% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 30.41% | -13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 35.14% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.31% | 34.38% | -11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.31% | 37.27% | -13.96% |
GOOY vs. UGA - Expense Ratio Comparison
GOOY has a 0.99% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
GOOY vs. UGA - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 50.99%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 50.99% | 41.50% | 36.74% | 7.90% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOOY and UGA have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to GOOY (6.90%). In terms of maximum drawdown, GOOY dropped -24.40% vs UGA's -86.59%.
On 1-year performance, GOOY leads with 88.26% vs 80.94% for UGA. On fees, UGA is cheaper at 0.75% per year. On volatility, GOOY has been the lower-risk option at 6.90%. 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 88.26% return vs 80.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.99% for GOOY.
GOOY has the higher dividend yield at 50.99%, compared with 0.00% for UGA.
GOOY is categorized as Derivative Income, while UGA is Oil & Gas. They also come from different issuers: YieldMax and Concierge Technologies. Their fees differ too: 0.99% for GOOY and 0.75% for UGA.
GOOY currently has the higher Sharpe Ratio (3.84 vs 2.32), 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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