PAYR vs. GOOP
PAYR (Federated Hermes Enhanced Income ETF) and GOOP (Kurv Yield Premium Strategy Google ETF) are both Derivative Income funds. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. PAYR charges 0.40%/yr vs 0.99%/yr for GOOP.
Performance
PAYR vs. GOOP - Performance Comparison
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Returns By Period
In the year-to-date period, PAYR achieves a 7.22% return, which is significantly lower than GOOP's 12.36% return.
PAYR
- 1D
- -0.02%
- 1M
- -0.97%
- YTD
- 7.22%
- 6M
- 7.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOP
- 1D
- -0.95%
- 1M
- -7.01%
- YTD
- 12.36%
- 6M
- 10.67%
- 1Y
- 93.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAYR vs. GOOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAYR Federated Hermes Enhanced Income ETF | 7.22% | 3.73% |
GOOP Kurv Yield Premium Strategy Google ETF | 12.36% | 23.69% |
Correlation
The correlation between PAYR and GOOP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.06 |
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Return for Risk
PAYR vs. GOOP — Risk / Return Rank
PAYR
GOOP
PAYR vs. GOOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Enhanced Income ETF (PAYR) and Kurv Yield Premium Strategy Google ETF (GOOP). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PAYR | GOOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.84 | 1.51 | +0.33 |
Drawdowns
PAYR vs. GOOP - Drawdown Comparison
The maximum PAYR drawdown since its inception was -5.24%, smaller than the maximum GOOP drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for PAYR and GOOP.
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Drawdown Indicators
| PAYR | GOOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -27.49% | +22.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -23.32% | — |
Current DrawdownCurrent decline from peak | -4.76% | -11.90% | +7.14% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -6.29% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.12% | — |
Volatility
PAYR vs. GOOP - Volatility Comparison
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Volatility by Period
| PAYR | GOOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 28.30% | -18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.73% | 25.91% | -16.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 25.91% | -16.18% |
PAYR vs. GOOP - Expense Ratio Comparison
PAYR has a 0.40% expense ratio, which is lower than GOOP's 0.99% expense ratio.
Dividends
PAYR vs. GOOP - Dividend Comparison
PAYR's dividend yield for the trailing twelve months is around 5.47%, less than GOOP's 12.25% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOOP Kurv Yield Premium Strategy Google ETF | 12.25% | 11.79% | 13.73% | 2.06% |
PAYR Federated Hermes Enhanced Income ETF | 5.47% | 1.99% | 0.00% | 0.00% |
Frequently Asked Questions
PAYR and GOOP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAYR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAYR is cheaper with a 0.40% expense ratio, compared with 0.99% for GOOP.
GOOP has the higher dividend yield at 12.25%, compared with 5.47% for PAYR.
They also come from different issuers: Federated Hermes and Kurv. Their fees differ too: 0.40% for PAYR and 0.99% for GOOP.
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