IMST vs. GOOY
IMST (Bitwise Funds Trust) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, IMST returned -66.17% vs 83.00% for GOOY. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
IMST vs. GOOY - Performance Comparison
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Returns By Period
In the year-to-date period, IMST achieves a -25.05% return, which is significantly lower than GOOY's 9.57% return.
IMST
- 1D
- -1.74%
- 1M
- -26.67%
- YTD
- -25.05%
- 6M
- -27.13%
- 1Y
- -66.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOY
- 1D
- -0.99%
- 1M
- -8.62%
- YTD
- 9.57%
- 6M
- 9.10%
- 1Y
- 83.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST vs. GOOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -25.05% | -46.36% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 9.57% | 76.11% |
Correlation
The correlation between IMST and GOOY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.27 |
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Return for Risk
IMST vs. GOOY — Risk / Return Rank
IMST
GOOY
IMST vs. GOOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and YieldMax GOOGL Option Income Strategy ETF (GOOY). 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.
| IMST | GOOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.67 | ||
| Sortino ratioReturn per unit of downside risk | -6.78 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.60 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 5.17 | -6.11 |
| Martin ratioReturn relative to average drawdown | -1.36 | 18.36 | -19.71 |
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Drawdowns
IMST vs. GOOY - Drawdown Comparison
The maximum IMST drawdown since its inception was -70.68%, which is greater than GOOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for IMST and GOOY.
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Drawdown Indicators
| IMST | GOOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.68% | -24.40% | -46.28% |
Max Drawdown (1Y)Largest decline over 1 year | -70.68% | -16.15% | -54.53% |
Current DrawdownCurrent decline from peak | -70.68% | -11.86% | -58.82% |
Average DrawdownAverage peak-to-trough decline | -36.57% | -6.28% | -30.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.73% | 4.54% | +44.19% |
Volatility
IMST vs. GOOY - Volatility Comparison
Bitwise Funds Trust (IMST) has a higher volatility of 17.47% compared to YieldMax GOOGL Option Income Strategy ETF (GOOY) at 8.16%. This indicates that IMST's price experiences larger fluctuations and is considered to be riskier than GOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMST | GOOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 8.16% | +9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 44.16% | 17.72% | +26.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.04% | 23.67% | +34.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.62% | 23.43% | +36.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.62% | 23.43% | +36.19% |
IMST vs. GOOY - Expense Ratio Comparison
Both IMST and GOOY have an expense ratio of 0.99%.
Dividends
IMST vs. GOOY - Dividend Comparison
IMST's dividend yield for the trailing twelve months is around 251.60%, more than GOOY's 52.71% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 52.71% | 41.50% | 36.74% | 7.90% |
IMST Bitwise Funds Trust | 251.60% | 195.93% | 0.00% | 0.00% |
Frequently Asked Questions
IMST and GOOY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMST has higher volatility (17.47%) compared to GOOY (8.16%). In terms of maximum drawdown, IMST dropped -70.68% vs GOOY's -24.40%.
On 1-year performance, GOOY leads with 83.00% vs -66.17% for IMST. 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.
Over the 1-year period, GOOY has performed better with a 83.00% return vs -66.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMST and GOOY have the same expense ratio: 0.99% per year.
IMST has the higher dividend yield at 251.60%, compared with 52.71% for GOOY.
They also come from different issuers: Bitwise and YieldMax.
GOOY currently has the higher Sharpe Ratio (3.53 vs -1.14), 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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