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 -72.39% vs 74.26% for GOOY. At a 0.28 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 -31.57% return, which is significantly lower than GOOY's 11.84% return.
IMST
- 1D
- -1.79%
- 1M
- -18.69%
- 6M
- -35.66%
- YTD
- -31.57%
- 1Y
- -72.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOY
- 1D
- -0.76%
- 1M
- -1.83%
- 6M
- 6.79%
- YTD
- 11.84%
- 1Y
- 74.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST vs. GOOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -31.57% | -46.36% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 11.84% | 76.11% |
Correlation
The correlation between IMST and GOOY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.28 |
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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 | -4.32 | ||
| Sortino ratioReturn per unit of downside risk | -6.72 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.54 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 4.62 | -5.58 |
| Martin ratioReturn relative to average drawdown | -1.41 | 14.68 | -16.09 |
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Drawdowns
IMST vs. GOOY - Drawdown Comparison
The maximum IMST drawdown since its inception was -75.63%, 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 | -75.63% | -24.40% | -51.23% |
Max Drawdown (1Y)Largest decline over 1 year | -75.63% | -16.15% | -59.48% |
Current DrawdownCurrent decline from peak | -73.23% | -10.04% | -63.19% |
Average DrawdownAverage peak-to-trough decline | -38.06% | -6.34% | -31.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.48% | 5.07% | +46.41% |
Volatility
IMST vs. GOOY - Volatility Comparison
Bitwise Funds Trust (IMST) has a higher volatility of 21.80% compared to YieldMax GOOGL Option Income Strategy ETF (GOOY) at 7.90%. 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 | 21.80% | 7.90% | +13.90% |
Volatility (6M)Calculated over the trailing 6-month period | 47.22% | 18.29% | +28.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 23.99% | +36.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.84% | 23.42% | +37.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.84% | 23.42% | +37.42% |
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 253.23%, more than GOOY's 51.96% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 51.96% | 41.50% | 36.74% | 7.90% |
IMST Bitwise Funds Trust | 253.23% | 195.93% | 0.00% | 0.00% |
Frequently Asked Questions
IMST and GOOY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMST has higher volatility (21.80%) compared to GOOY (7.90%). In terms of maximum drawdown, IMST dropped -75.63% vs GOOY's -24.40%.
On 1-year performance, GOOY leads with 74.26% vs -72.39% for IMST. Both ETFs have the same 0.99% expense ratio. On volatility, GOOY has been the lower-risk option at 7.90%. 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 74.26% return vs -72.39%. 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 253.23%, compared with 51.96% for GOOY.
They also come from different issuers: Bitwise and YieldMax.
GOOY currently has the higher Sharpe Ratio (3.12 vs -1.21), 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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