MSFY vs. MSFO
MSFY (Kurv Yield Premium Strategy Microsoft ETF) and MSFO (YieldMax MSFT Option Income Strategy ETF ) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while MSFO is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, MSFY returned -20.12% vs -16.63% for MSFO. Their correlation of 0.91 suggests significant overlap in exposure. MSFY charges 1.00%/yr vs 0.99%/yr for MSFO.
Performance
MSFY vs. MSFO - Performance Comparison
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Returns By Period
In the year-to-date period, MSFY achieves a -20.24% return, which is significantly lower than MSFO's -14.86% return.
MSFY
- 1D
- 1.59%
- 1M
- 1.83%
- 6M
- -14.69%
- YTD
- -20.24%
- 1Y
- -20.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFO
- 1D
- 1.17%
- 1M
- 0.66%
- 6M
- -10.69%
- YTD
- -14.86%
- 1Y
- -16.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFY vs. MSFO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSFY Kurv Yield Premium Strategy Microsoft ETF | -20.24% | 14.11% | 10.88% | 2.57% |
MSFO YieldMax MSFT Option Income Strategy ETF
| -14.86% | 15.69% | 10.34% | 7.92% |
Correlation
The correlation between MSFY and MSFO is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.91 |
The correlation between MSFY and MSFO has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
MSFY vs. MSFO — Risk / Return Rank
MSFY
MSFO
MSFY vs. MSFO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax MSFT Option Income Strategy ETF (MSFO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFY | MSFO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.56 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.08 | -0.03 |
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Drawdowns
MSFY vs. MSFO - Drawdown Comparison
The maximum MSFY drawdown since its inception was -35.65%, which is greater than MSFO's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for MSFY and MSFO.
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Drawdown Indicators
| MSFY | MSFO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -29.65% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -35.65% | -29.65% | -6.00% |
Current DrawdownCurrent decline from peak | -26.31% | -21.98% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -7.24% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.27% | 15.46% | +2.81% |
Volatility
MSFY vs. MSFO - Volatility Comparison
Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 12.00% compared to YieldMax MSFT Option Income Strategy ETF (MSFO) at 9.03%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than MSFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFY | MSFO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.00% | 9.03% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.59% | 21.05% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 23.49% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 20.23% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 20.23% | +2.94% |
MSFY vs. MSFO - Expense Ratio Comparison
MSFY has a 1.00% expense ratio, which is higher than MSFO's 0.99% expense ratio.
Dividends
MSFY vs. MSFO - Dividend Comparison
MSFY's dividend yield for the trailing twelve months is around 26.26%, less than MSFO's 42.89% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| 42.89% | 33.91% | 35.15% | 6.44% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | 26.26% | 18.56% | 14.35% | 1.94% |
Frequently Asked Questions
With a correlation of 0.95, MSFY and MSFO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MSFY has higher volatility (12.00%) compared to MSFO (9.03%). In terms of maximum drawdown, MSFY dropped -35.65% vs MSFO's -29.65%.
On 1-year performance, MSFO leads with -16.63% vs -20.12% for MSFY. On fees, MSFO is cheaper at 0.99% per year. On volatility, MSFO has been the lower-risk option at 9.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSFO has performed better with a -16.63% return vs -20.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSFO is cheaper with a 0.99% expense ratio, compared with 1.00% for MSFY.
MSFO has the higher dividend yield at 42.89%, compared with 26.26% for MSFY.
MSFY is categorized as Derivative Income, while MSFO is Options Trading. They also come from different issuers: Kurv and YieldMax. Their fees differ too: 1.00% for MSFY and 0.99% for MSFO.
MSFY currently has the higher Sharpe Ratio (-0.69 vs -0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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