EUFN vs. MSFO

Last updated Jun 13, 2026

EUFN (iShares MSCI Europe Financials ETF) and MSFO (YieldMax MSFT Option Income Strategy ETF ) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while MSFO is a Options Trading fund actively managed by YieldMax. EUFN is passively managed, while MSFO is actively managed. Over the past year, EUFN returned 28.57% vs -13.71% for MSFO. At a 0.27 correlation, their price movements are largely independent. EUFN charges 0.48%/yr vs 0.99%/yr for MSFO.

Performance

EUFN vs. MSFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and YieldMax MSFT Option Income Strategy ETF (MSFO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUFN achieves a 4.75% return, which is significantly higher than MSFO's -16.15% return.

EUFN

• 1D: 1.20%
• 1M: 3.43%
• YTD: 4.75%
• 6M: 9.10%
• 1Y: 28.57%
• 3Y*: 32.04%
• 5Y*: 18.43%
• 10Y*: 13.48%

MSFO

• 1D: 0.02%
• 1M: -5.33%
• YTD: -16.15%
• 6M: -15.35%
• 1Y: -13.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. MSFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EUFN iShares MSCI Europe Financials ETF	4.75%	65.73%	17.20%	13.03%
MSFO YieldMax MSFT Option Income Strategy ETF	-16.15%	15.69%	10.34%	18.74%

Correlation

The correlation between EUFN and MSFO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Aug 25, 2023	0.27

Return for Risk

EUFN vs. MSFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUFN

EUFN Risk / Return Rank: 42
EUFN Sharpe Ratio Rank: 42
EUFN Sortino Ratio Rank: 42
EUFN Omega Ratio Rank: 39
EUFN Calmar Ratio Rank: 41
EUFN Martin Ratio Rank: 44

MSFO

MSFO Risk / Return Rank: 5
MSFO Sharpe Ratio Rank: 4
MSFO Sortino Ratio Rank: 4
MSFO Omega Ratio Rank: 4
MSFO Calmar Ratio Rank: 6
MSFO Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUFN vs. MSFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) 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.

	EUFN	MSFO	Difference
Sharpe ratio: Return per unit of total volatility	1.31	-0.64	+1.94
Sortino ratio: Return per unit of downside risk	1.92	-0.75	+2.67
Omega ratio: Gain probability vs. loss probability	1.23	0.90	+0.33
Calmar ratio: Return relative to maximum drawdown	1.79	-0.47	+2.26
Martin ratio: Return relative to average drawdown	6.24	-1.02	+7.25

EUFN vs. MSFO - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.31, which is higher than the MSFO Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of EUFN and MSFO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUFN vs. MSFO - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than MSFO's maximum drawdown of -29.29%. Use the drawdown chart below to compare losses from any high point for EUFN and MSFO.

Drawdown Indicators

	EUFN	MSFO	Difference
Max Drawdown Largest peak-to-trough decline	-53.25%	-29.29%	-23.96%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-29.29%	+14.52%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.25%	—	—
Current Drawdown Current decline from peak	-0.10%	-23.17%	+23.07%
Average Drawdown Average peak-to-trough decline	-14.53%	-6.69%	-7.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	13.60%	-9.37%

Volatility

EUFN vs. MSFO - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.96%, while YieldMax MSFT Option Income Strategy ETF (MSFO) has a volatility of 8.81%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than MSFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUFN	MSFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	8.81%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	17.05%	19.32%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	21.81%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.88%	19.81%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.53%	19.81%	+4.72%

EUFN vs. MSFO - Expense Ratio Comparison

EUFN has a 0.48% expense ratio, which is lower than MSFO's 0.99% expense ratio.

Dividends

EUFN vs. MSFO - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 3.41%, less than MSFO's 44.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUFN iShares MSCI Europe Financials ETF	3.41%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%
MSFO YieldMax MSFT Option Income Strategy ETF	44.05%	33.91%	35.15%	6.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUFN and MSFO in my portfolio?

EUFN and MSFO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUFN or MSFO?

MSFO has higher volatility (8.81%) compared to EUFN (6.96%). In terms of maximum drawdown, EUFN dropped -53.25% vs MSFO's -29.29%.

Which ETF is better, EUFN or MSFO?

On 1-year performance, EUFN leads with 28.57% vs -13.71% for MSFO. On fees, EUFN is cheaper at 0.48% per year. On volatility, EUFN has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUFN or MSFO?

Over the 1-year period, EUFN has performed better with a 28.57% return vs -13.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUFN or MSFO?

EUFN is cheaper with a 0.48% expense ratio, compared with 0.99% for MSFO.

Which ETF pays a higher dividend yield, EUFN or MSFO?

MSFO has the higher dividend yield at 44.05%, compared with 3.41% for EUFN.

What is the main difference between EUFN and MSFO?

EUFN is categorized as Financials Equities, while MSFO is Options Trading. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.48% for EUFN and 0.99% for MSFO.

Which has better risk-adjusted returns?

EUFN currently has the higher Sharpe Ratio (1.31 vs -0.64), 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.