LITE vs. GOOY
LITE (Lumentum Holdings Inc.) is a stock, while GOOY (YieldMax GOOGL Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, LITE returned 1017.52% vs 81.48% for GOOY. At a 0.27 correlation, their price movements are largely independent.
Performance
LITE vs. GOOY - Performance Comparison
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Returns By Period
In the year-to-date period, LITE achieves a 150.02% return, which is significantly higher than GOOY's 13.92% return.
LITE
- 1D
- 3.59%
- 1M
- -5.06%
- YTD
- 150.02%
- 6M
- 184.13%
- 1Y
- 1,017.52%
- 3Y*
- 158.28%
- 5Y*
- 62.72%
- 10Y*
- 43.74%
GOOY
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 13.92%
- 6M
- 14.56%
- 1Y
- 81.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LITE vs. GOOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 150.02% | 339.06% | 60.15% | -0.64% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 13.92% | 53.95% | 12.58% | -3.35% |
Correlation
The correlation between LITE and GOOY is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.27 |
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Return for Risk
LITE vs. GOOY — Risk / Return Rank
LITE
GOOY
LITE vs. GOOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) 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.
| LITE | GOOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.60 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 34.43 | 5.06 | +29.36 |
| Martin ratioReturn relative to average drawdown | 126.26 | 18.64 | +107.62 |
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Drawdowns
LITE vs. GOOY - Drawdown Comparison
The maximum LITE drawdown since its inception was -66.89%, which is greater than GOOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for LITE and GOOY.
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Drawdown Indicators
| LITE | GOOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.89% | -24.40% | -42.49% |
Max Drawdown (1Y)Largest decline over 1 year | -28.70% | -16.15% | -12.55% |
Max Drawdown (3Y)Largest decline over 3 years | -50.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | — | — |
Current DrawdownCurrent decline from peak | -12.49% | -8.37% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -23.57% | -6.27% | -17.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 4.38% | +3.43% |
Volatility
LITE vs. GOOY - Volatility Comparison
Lumentum Holdings Inc. (LITE) has a higher volatility of 28.12% compared to YieldMax GOOGL Option Income Strategy ETF (GOOY) at 6.21%. This indicates that LITE'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
| LITE | GOOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.12% | 6.21% | +21.91% |
Volatility (6M)Calculated over the trailing 6-month period | 69.73% | 17.39% | +52.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.47% | 23.33% | +63.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.94% | 23.29% | +36.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 23.29% | +33.33% |
Dividends
LITE vs. GOOY - Dividend Comparison
LITE has not paid dividends to shareholders, while GOOY's dividend yield for the trailing twelve months is around 49.78%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 49.78% | 41.50% | 36.74% | 7.90% |
LITE Lumentum Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LITE and GOOY 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.
LITE has higher volatility (28.12%) compared to GOOY (6.21%). In terms of maximum drawdown, LITE dropped -66.89% vs GOOY's -24.40%.
LITE currently has the higher Sharpe Ratio (11.43 vs 3.51), 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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