YieldMax GOOGL Option Income Strategy ETF (GOOY)
ARCA ARCA Primary 
GOOY: A Poor Way To Extract Dividends From Alphabet Via Options
GOOY aims to provide income by synthetically replicating a long Alphabet position using options, but its structure leads to NAV erosion over time. The fund's advertised high distribution yield is misleading, as it is not sustainable and comes at the cost of significant capital loss. Total return analysis shows GOOY has underperformed GOOG stock dramatically since its inception, failing to mirror Alphabet's strong gains.
GOOY's 35% Yield on Google Worth Buying Into?
Key Points in This Article: YieldMax GOOGL Option Income Strategy ETF‘s (GOOY) 35% yield, driven by selling call options on Alphabet, attracts income-focused investors leveraging tech volatility in June 2025's uncertain market.
GOOY: Alphabet-Linked ETF, A Prime Example Of YieldMax's Main Weakness
YieldMax GOOGL Option Income Strategy ETF stock does not do its job, but that's an inherent weakness of the YieldMax ETF approach. The underlying stock needs to do well for the ETF to perform. Alphabet Inc./Google's primary revenue driver, search advertising, remains robust with double-digit growth in 2024, despite market concerns about long-term sustainability. Google is diversified with exposure to Cloud, Waymo, and YouTube, providing stability and growth potential beyond search advertising.
GOOY: On The Fence
YieldMax GOOGL Option Income Strategy ETF aims for stable income with capped gains, leveraging Alphabet Inc. as the underlying asset. GOOY offers reliable monthly income with lower volatility but has underperformed GOOGL in capital appreciation since inception. GOOY fits the bill as an income plan in principle, but performance has been mediocre.
GOOY: Collecting Income Where Not Usually Possible
YieldMax GOOGL Option Income Strategy ETF (GOOY) offers a high dividend yield of over 23%, but it sacrifices upside price appreciation and carries higher risk. GOOY generates income through a synthetic option strategy, which limits upside potential and exposes investors to downside risk, making it less effective in bull markets. Alternatives like Goldman Sachs Nasdaq-100 Core Premium Income ETF and Neos S&P 500 High Income ETF offer better price stability and growth potential with lower yields.
