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ETFs

YieldMax GOOGL Option Income Strategy ETF

GOOY
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 27, 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$950,265
AUM
$16,233,607
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
UNITED STATES TREAS NTS 0.75% 12/31/2023
44.43%
—
UNITED STATES TREAS NTS 0.75% 11/15/2024
44.37%
—
GOOGL US 11/17/23 C125
7.59%
—
Cash & Other
6.7%
—
ALPHABET CLL OPT 09/23 135
-0.13%
—
ALPHABET CLL OPT 09/23 134
-0.2%
—
GOOGL 11/17/2023 125.01 P
-2.74%
Invest with GOOY
Trade GOOY Options

What is GOOY?

The YieldMax GOOGL Option Income Strategy ETF (GOOY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on GOOGL. GOOY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of GOOGL.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

GOOY
Performance Measures**

for the time period Jul 28, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 11.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 27.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -24.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 23.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.09

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 1.03

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGOOY

ETFs correlated to GOOY include GGLL, IOO, GAUG

GOOY
Tidal Trust II - YieldMax GOOGL Option Income Strategy ETF
GGLL
Direxion Shares ETF Trust - Direxion Daily GOOGL Bull 1.5X Shares
IOO
BlackRock Institutional Trust Company N.A. - iShares Global 100 ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
USMC
Principal Exchange-Traded Funds - Principal U.S. Mega-Cap ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
PMAR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - March
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toGOOY

NVDY or Yieldmax 40d RSI Sort Top 2

Category

Tactical, momentum + mean‑reversion, leveraged/inverse ETFs, option‑income ETFs, volatility filter, tech/semis tilt

OOS Cumulative Return

146.69%

Simple SIX YM w/ Dividends

Category

Tactical momentum, tech-focused, options-income ETFs, risk-on/off, leveraged inverse ETF, daily rotation

OOS Cumulative Return

118.27%

Create your own algorithmic trading strategy with GOOY using Composer

FAQ

GOOY is a US Equities ETF. The YieldMax GOOGL Option Income Strategy ETF (GOOY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on GOOGL. GOOY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of GOOGL.

Yes, GOOY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GOOY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GOOY is -0.0091%. This is the percent change in the value of GOOY over the most recent 1-month period. The 3-month return on GOOY is %. This is the percent change in the value of GOOY over the most recent 3-month period.

ETFs similar to GOOY include XLI, XLY, and XLV.

ETFs correlated to GOOY include GGLL, IOO, and GAUG.

ETFs that are inversely correlated to GOOY include SDS, SPXS, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.