FXU vs. MSFY
FXU (First Trust Utilities AlphaDEX Fund) and MSFY (Kurv Yield Premium Strategy Microsoft ETF) are both exchange-traded funds - FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index, while MSFY is a Derivative Income fund actively managed by Kurv. FXU is passively managed, while MSFY is actively managed. Over the past year, FXU returned 17.67% vs -18.07% for MSFY. At a 0.02 correlation, their price movements are largely independent. FXU charges 0.62%/yr vs 1.00%/yr for MSFY.
Performance
FXU vs. MSFY - Performance Comparison
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Returns By Period
In the year-to-date period, FXU achieves a 8.19% return, which is significantly higher than MSFY's -22.50% return.
FXU
- 1D
- 0.87%
- 1M
- 0.66%
- YTD
- 8.19%
- 6M
- 8.80%
- 1Y
- 17.67%
- 3Y*
- 17.64%
- 5Y*
- 11.71%
- 10Y*
- 9.38%
MSFY
- 1D
- -0.42%
- 1M
- -5.08%
- YTD
- -22.50%
- 6M
- -21.30%
- 1Y
- -18.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXU vs. MSFY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FXU First Trust Utilities AlphaDEX Fund | 8.19% | 21.86% | 22.50% | 6.78% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | -22.50% | 14.11% | 10.88% | 2.57% |
Correlation
The correlation between FXU and MSFY is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.02 |
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Return for Risk
FXU vs. MSFY — Risk / Return Rank
FXU
MSFY
FXU vs. MSFY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Utilities AlphaDEX Fund (FXU) and Kurv Yield Premium Strategy Microsoft ETF (MSFY). 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.
| FXU | MSFY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.89 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | -0.54 | +2.47 |
| Martin ratioReturn relative to average drawdown | 5.17 | -1.16 | +6.34 |
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Drawdowns
FXU vs. MSFY - Drawdown Comparison
The maximum FXU drawdown since its inception was -49.00%, which is greater than MSFY's maximum drawdown of -34.21%. Use the drawdown chart below to compare losses from any high point for FXU and MSFY.
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Drawdown Indicators
| FXU | MSFY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -34.21% | -14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -34.21% | +25.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.81% | — | — |
Current DrawdownCurrent decline from peak | -5.57% | -28.39% | +22.82% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -7.38% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 15.96% | -12.74% |
Volatility
FXU vs. MSFY - Volatility Comparison
The current volatility for First Trust Utilities AlphaDEX Fund (FXU) is 5.01%, while Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a volatility of 11.56%. This indicates that FXU experiences smaller price fluctuations and is considered to be less risky than MSFY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXU | MSFY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 11.56% | -6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 25.20% | -14.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 26.90% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 22.33% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 22.33% | -3.99% |
FXU vs. MSFY - Expense Ratio Comparison
FXU has a 0.62% expense ratio, which is lower than MSFY's 1.00% expense ratio.
Dividends
FXU vs. MSFY - Dividend Comparison
FXU's dividend yield for the trailing twelve months is around 2.16%, less than MSFY's 26.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXU First Trust Utilities AlphaDEX Fund | 2.16% | 2.29% | 2.41% | 2.52% | 2.03% | 2.00% | 3.97% | 2.34% | 2.40% | 3.81% | 2.62% | 3.90% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | 26.99% | 18.56% | 14.35% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXU and MSFY have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFY has higher volatility (11.56%) compared to FXU (5.01%). In terms of maximum drawdown, FXU dropped -49.00% vs MSFY's -34.21%.
On 1-year performance, FXU leads with 17.67% vs -18.07% for MSFY. On fees, FXU is cheaper at 0.62% per year. On volatility, FXU has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FXU has performed better with a 17.67% return vs -18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXU is cheaper with a 0.62% expense ratio, compared with 1.00% for MSFY.
MSFY has the higher dividend yield at 26.99%, compared with 2.16% for FXU.
FXU is categorized as Utilities Equities, while MSFY is Derivative Income. They also come from different issuers: First Trust and Kurv. Their fees differ too: 0.62% for FXU and 1.00% for MSFY.
FXU currently has the higher Sharpe Ratio (1.26 vs -0.69), 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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