YieldMax GOOGL Option Income Strategy ETF (GOOY) — Stock Correlations & Overview
Over the past year, GOOY has moved most closely with GGLL, GOOGL, GOOX. Explore the stocks most correlated and inversely correlated with GOOY below, along with its price, financials, and company profile.
Stocks correlated with GOOY
Correlation of daily returns. Higher positive values move with GOOY; negative values move opposite it. Informational only, not investment advice.
Most correlated with GOOY
| Symbol | Company | Correlation |
|---|---|---|
| GGLL | Direxion Shares ETF Trust Direxion Daily GOOGL Bull 2X ETF | 0.95 |
| GOOGL | Alphabet Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.95 |
| GOOX | T-Rex 2X Long Alphabet Daily Target ETF | 0.95 |
| GOOG | Alphabet Inc. Class C Capital StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.94 |
| GOOW | Roundhill GOOGL WeeklyPay ETF | 0.93 |
Most inversely correlated with GOOY
| Symbol | Company | Correlation |
|---|---|---|
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.95 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.66 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.61 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.57 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.56 |
Frequently asked questions about GOOY correlations
- Which stocks are most correlated with GOOY?
- Based on one year of daily returns, the stocks most correlated with YieldMax GOOGL Option Income Strategy ETF (GOOY) are GGLL (0.95), GOOGL (0.95) and GOOX (0.95). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GOOY?
- Over the past year, the stocks most inversely correlated with YieldMax GOOGL Option Income Strategy ETF (GOOY) are GGLS (-0.95), QQQD (-0.66) and QQDN (-0.61). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GOOY correlations calculated?
- We compute the correlation of daily returns between GOOY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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