GOOY
YieldMax GOOGL Option Income Strategy ETF
GOOY seeks to provide current income and capped gains on the Alphabet Inc. stock (GOOGL) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
131.2 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jul 27, 2023 |
| Assets (mns) | $131 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 29.3 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 18.5 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 18.3 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 17.4 % |
| UNITED STATES TREASURY BILL 11/06/2025 | 12.9 % |
| UNITED STATES TREASURY BILL 02/19/2026 | 3.9 % |
| CASH & OTHER | 2.3 % |
| GOOGL US 07/18/25 C180 | 2.1 % |
| ALPHABET CLL OPT 07/25 182.500 | 0.4 % |
| GOOGL US 07/03/25 C177.5 | -1.6 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -17.9% | -33.8% | -- | -- | -- | -- | -- | -23.8% |
| Dividend Yield | 14.9% | 27.8% | -- | -- | -- | -- | -- | 26.4% |
| Total Returns | -3.0% | -6.1% | -- | -- | -- | -- | -- | 2.7% | Ann. Volatility | 29.8% | 25.9% | -- | -- | -- | -- | -- | 23.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.35 | 7% |
| MSCI EAFE | -0.21 | 3% |
| MSCI Emg Mkts | 0.09 | 0% |
Liquidity Measures
| Avg. volume (000) | 167 |
| ADV traded (mns) | $2 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| Recent close | $12.18 |
| 30d moving avg. | $11.92 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 55 |
| Short interest | 3.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| GOOY (99 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GOOY | 99.0 | 12.1 | 111.1 |
| Peer Avg. | 94.4 | 36.2 | 130.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .