GOOY vs QQQ
YieldMax GOOGL Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GOOY delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GOOY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.20% | 0.18% | |
| AUM | $231M | $496.3B | |
| Dividend Yield | 52.59% | 0.44% | |
| Holdings | 15 | 108 | |
| YTD Return | +7.41% | +16.64% | |
| 1Y Return | +49.20% | +27.27% | |
| 3Y Return (annualized) | +21.50% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 25.0% | 30.6% | |
| Max Drawdown | -24.4% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 27, 2023 | Mar 10, 1999 |
GOOY vs QQQ Performance
YieldMax GOOGL Option Income Strategy ETF (GOOY) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GOOY returned +49.20% while QQQ returned +27.27%. Year to date, GOOY is up 7.41% versus a gain of 16.64% for QQQ.
Over three years, GOOY compounded at +21.50% per year against +25.96% for QQQ. Across the full 3-year window we track, GOOY has the edge at +20.33% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 25.0% for GOOY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.4% for GOOY and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GOOY charges 1.20% per year while QQQ charges 0.18%. On a $10,000 position that is $120 vs $18 annually, a gap of $102 per year that compounds over a long holding period. On income, GOOY currently yields 52.59% against 0.44% for QQQ.
Holdings Overlap
GOOY and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GOOY or QQQ?
GOOY has an expense ratio of 1.20% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, GOOY or QQQ?
Over the past year GOOY returned +49.20% vs +27.27% for QQQ, so GOOY leads on 1-year performance. Over the longest common window we track (3 years), GOOY annualized +20.33% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GOOY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 25.0% for GOOY. Worst drawdown: GOOY -24.4% vs QQQ -83.0%.
Should I hold both GOOY and QQQ?
GOOY and QQQ have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOOY and QQQ?
GOOY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, GOOY or QQQ?
GOOY yields 52.59% while QQQ yields 0.44%, so GOOY currently pays the higher dividend yield.
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