SPYG vs. GOOY
SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both exchange-traded funds - SPYG is a S&P 500 fund tracking the S&P 500 Growth Index, while GOOY is a Derivative Income fund actively managed by YieldMax. SPYG is passively managed, while GOOY is actively managed. Over the past year, SPYG returned 29.17% vs 81.48% for GOOY. A 0.62 correlation means they provide meaningful diversification when combined. SPYG charges 0.04%/yr vs 0.99%/yr for GOOY.
Performance
SPYG vs. GOOY - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG achieves a 9.70% return, which is significantly lower than GOOY's 13.92% return.
SPYG
- 1D
- 0.41%
- 1M
- -1.24%
- YTD
- 9.70%
- 6M
- 10.60%
- 1Y
- 29.17%
- 3Y*
- 25.85%
- 5Y*
- 14.92%
- 10Y*
- 17.91%
GOOY
- 1D
- 0.00%
- 1M
- -7.48%
- YTD
- 13.92%
- 6M
- 14.56%
- 1Y
- 81.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYG vs. GOOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 9.70% | 22.09% | 35.99% | 5.46% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 13.92% | 53.95% | 12.58% | -3.35% |
Correlation
The correlation between SPYG and GOOY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.62 |
The correlation between SPYG and GOOY has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
SPYG vs. GOOY — Risk / Return Rank
SPYG
GOOY
SPYG vs. GOOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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.
| SPYG | GOOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.60 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 5.06 | -3.05 |
| Martin ratioReturn relative to average drawdown | 8.08 | 18.64 | -10.56 |
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Drawdowns
SPYG vs. GOOY - Drawdown Comparison
The maximum SPYG drawdown since its inception was -67.63%, which is greater than GOOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for SPYG and GOOY.
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Drawdown Indicators
| SPYG | GOOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.63% | -24.40% | -43.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -16.15% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -8.37% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -24.30% | -6.27% | -18.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 4.38% | -0.96% |
Volatility
SPYG vs. GOOY - Volatility Comparison
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) and YieldMax GOOGL Option Income Strategy ETF (GOOY) have volatilities of 6.33% and 6.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYG | GOOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 6.21% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 17.39% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 23.33% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 23.29% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 23.29% | -2.59% |
SPYG vs. GOOY - Expense Ratio Comparison
SPYG has a 0.04% expense ratio, which is lower than GOOY's 0.99% expense ratio.
Dividends
SPYG vs. GOOY - Dividend Comparison
SPYG's dividend yield for the trailing twelve months is around 0.48%, less than GOOY's 49.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOY YieldMax GOOGL Option Income Strategy ETF | 49.78% | 41.50% | 36.74% | 7.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.48% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
SPYG and GOOY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYG has higher volatility (6.33%) compared to GOOY (6.21%). In terms of maximum drawdown, SPYG dropped -67.63% vs GOOY's -24.40%.
On 1-year performance, GOOY leads with 81.48% vs 29.17% for SPYG. On fees, SPYG is cheaper at 0.04% per year. On volatility, GOOY has been the lower-risk option at 6.21%. 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 81.48% return vs 29.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.99% for GOOY.
GOOY has the higher dividend yield at 49.78%, compared with 0.48% for SPYG.
SPYG is categorized as S&P 500, while GOOY is Derivative Income. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.04% for SPYG and 0.99% for GOOY.
GOOY currently has the higher Sharpe Ratio (3.51 vs 1.65), 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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