GOOY vs. YMAG
Compare and contrast key facts about YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).
GOOY and YMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOOY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOY or YMAG.
Correlation
The correlation between GOOY and YMAG is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOOY vs. YMAG - Performance Comparison
Key characteristics
GOOY:
0.46
YMAG:
1.08
GOOY:
0.72
YMAG:
1.46
GOOY:
1.10
YMAG:
1.20
GOOY:
0.55
YMAG:
1.43
GOOY:
1.29
YMAG:
4.32
GOOY:
7.52%
YMAG:
4.74%
GOOY:
21.00%
YMAG:
19.05%
GOOY:
-17.54%
YMAG:
-14.27%
GOOY:
-14.42%
YMAG:
-10.20%
Returns By Period
In the year-to-date period, GOOY achieves a -7.88% return, which is significantly lower than YMAG's -6.17% return.
GOOY
-7.88%
-12.97%
-1.86%
10.86%
N/A
N/A
YMAG
-6.17%
-6.70%
8.05%
18.38%
N/A
N/A
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GOOY vs. YMAG - Expense Ratio Comparison
GOOY has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.
Risk-Adjusted Performance
GOOY vs. YMAG — Risk-Adjusted Performance Rank
GOOY
YMAG
GOOY vs. YMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GOOGL Option Income Strategy ETF (GOOY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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.
Dividends
GOOY vs. YMAG - Dividend Comparison
GOOY's dividend yield for the trailing twelve months is around 42.42%, less than YMAG's 45.93% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 42.42% | 36.74% | 7.90% |
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | 45.93% | 35.22% | 0.00% |
Drawdowns
GOOY vs. YMAG - Drawdown Comparison
The maximum GOOY drawdown since its inception was -17.54%, which is greater than YMAG's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for GOOY and YMAG. For additional features, visit the drawdowns tool.
Volatility
GOOY vs. YMAG - Volatility Comparison
YieldMax GOOGL Option Income Strategy ETF (GOOY) has a higher volatility of 8.44% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 5.37%. This indicates that GOOY's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.