ULTY vs. GOOY

Last updated Jun 4, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, ULTY returned 8.24% vs 88.26% for GOOY. At a 0.43 correlation, their price movements are largely independent. ULTY charges 1.14%/yr vs 0.99%/yr for GOOY.

Performance

ULTY vs. GOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax GOOGL Option Income Strategy ETF (GOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULTY achieves a 11.14% return, which is significantly lower than GOOY's 13.61% return.

ULTY

• 1D: -1.25%
• 1M: 4.53%
• YTD: 11.14%
• 6M: 9.84%
• 1Y: 8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOY

• 1D: -0.65%
• 1M: -5.16%
• YTD: 13.61%
• 6M: 11.36%
• 1Y: 88.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ULTY vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ULTY YieldMax Ultra Option Income Strategy ETF	11.14%	-0.84%	0.54%
GOOY YieldMax GOOGL Option Income Strategy ETF	13.61%	53.95%	19.69%

Correlation

The correlation between ULTY and GOOY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	0.43

Return for Risk

ULTY vs. GOOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ULTY

ULTY Risk / Return Rank: 13
ULTY Sharpe Ratio Rank: 14
ULTY Sortino Ratio Rank: 14
ULTY Omega Ratio Rank: 14
ULTY Calmar Ratio Rank: 13
ULTY Martin Ratio Rank: 12

GOOY

GOOY Risk / Return Rank: 92
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 93
GOOY Calmar Ratio Rank: 89
GOOY Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ULTY vs. GOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) 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.

	ULTY	GOOY	Difference
Sharpe ratio: Return per unit of total volatility	0.40	3.84	-3.44
Sortino ratio: Return per unit of downside risk	0.66	5.10	-4.45
Omega ratio: Gain probability vs. loss probability	1.08	1.65	-0.56
Calmar ratio: Return relative to maximum drawdown	0.34	5.50	-5.15
Martin ratio: Return relative to average drawdown	0.67	21.08	-20.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ULTY vs. GOOY - Sharpe Ratio Comparison

The current ULTY Sharpe Ratio is 0.40, which is lower than the GOOY Sharpe Ratio of 3.84. The chart below compares the historical Sharpe Ratios of ULTY and GOOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ULTY	GOOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	3.84	-3.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	1.09	-0.91

Drawdowns

ULTY vs. GOOY - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, which is greater than GOOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for ULTY and GOOY.

Drawdown Indicators

	ULTY	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-24.40%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	-16.15%	-8.01%
Current Drawdown Current decline from peak	-8.88%	-8.61%	-0.27%
Average Drawdown Average peak-to-trough decline	-9.37%	-6.26%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	4.20%	+8.11%

Volatility

ULTY vs. GOOY - Volatility Comparison

The current volatility for YieldMax Ultra Option Income Strategy ETF (ULTY) is 4.51%, while YieldMax GOOGL Option Income Strategy ETF (GOOY) has a volatility of 6.90%. This indicates that ULTY experiences smaller price fluctuations and is considered to be less risky than GOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULTY	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	6.90%	-2.39%
Volatility (6M) Calculated over the trailing 6-month period	15.03%	17.19%	-2.16%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	23.19%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	23.31%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	23.31%	+3.61%

ULTY vs. GOOY - Expense Ratio Comparison

ULTY has a 1.14% expense ratio, which is higher than GOOY's 0.99% expense ratio.

Dividends

ULTY vs. GOOY - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 114.67%, more than GOOY's 50.99% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	50.99%	41.50%	36.74%	7.90%
ULTY YieldMax Ultra Option Income Strategy ETF	114.67%	142.99%	111.70%	0.00%

Frequently Asked Questions

Can I hold both ULTY and GOOY in my portfolio?

ULTY and GOOY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULTY or GOOY?

GOOY has higher volatility (6.90%) compared to ULTY (4.51%). In terms of maximum drawdown, ULTY dropped -26.85% vs GOOY's -24.40%.

Which ETF is better, ULTY or GOOY?

On 1-year performance, GOOY leads with 88.26% vs 8.24% for ULTY. On fees, GOOY is cheaper at 0.99% per year. On volatility, ULTY has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ULTY or GOOY?

Over the 1-year period, GOOY has performed better with a 88.26% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ULTY or GOOY?

GOOY is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.

Which ETF pays a higher dividend yield, ULTY or GOOY?

ULTY has the higher dividend yield at 114.67%, compared with 50.99% for GOOY.

What is the main difference between ULTY and GOOY?

Their fees differ too: 1.14% for ULTY and 0.99% for GOOY.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.84 vs 0.40), 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.