KGLD vs. MSFY

Last updated Aug 2, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and MSFY (Kurv Yield Premium Strategy Microsoft ETF) are both Derivative Income funds from Kurv. Both are actively managed. Over the past year, KGLD returned 18.91% vs -13.97% for MSFY. Their 0.08 correlation means their historical movements had little consistent relationship. Both charge a 1.00% expense ratio.

Performance

KGLD vs. MSFY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Gold Enhanced Income ETF (KGLD) and Kurv Yield Premium Strategy Microsoft ETF (MSFY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KGLD achieves a -6.67% return, which is significantly higher than MSFY's -10.88% return.

KGLD

• 1D: -1.50%
• 1M: -1.76%
• 6M: -18.16%
• YTD: -6.67%
• 1Y: 18.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.74%

MSFY

• 1D: 1.87%
• 1M: 15.01%
• 6M: 1.96%
• YTD: -10.88%
• 1Y: -13.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KGLD Kurv Gold Enhanced Income ETF	$2.66M	$2.33M	$2.61M
MSFY Kurv Yield Premium Strategy Microsoft ETF	$248.37K	$216.41K	$271.72K

KGLD vs. MSFY - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	-6.67%	29.75%
MSFY Kurv Yield Premium Strategy Microsoft ETF	-10.88%	1.77%

Correlation

The correlation between KGLD and MSFY is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.08

Return for Risk

KGLD vs. MSFY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KGLD

KGLD Risk / Return Rank: 28
KGLD Sharpe Ratio Rank: 31
KGLD Sortino Ratio Rank: 29
KGLD Omega Ratio Rank: 34
KGLD Calmar Ratio Rank: 25
KGLD Martin Ratio Rank: 23

MSFY

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KGLD vs. MSFY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.

	KGLD	MSFY	Difference
Sharpe ratio: Return per unit of total volatility	0.74	-0.46	+1.20
Sortino ratio: Return per unit of downside risk	1.09	-0.48	+1.57
Omega ratio: Gain probability vs. loss probability	1.16	0.94	+0.22
Calmar ratio: Return relative to maximum drawdown	0.76	-0.42	+1.18
Martin ratio: Return relative to average drawdown	1.63	-0.77	+2.41

KGLD vs. MSFY - Sharpe Ratio Comparison

The current KGLD Sharpe Ratio is 0.74, which is higher than the MSFY Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of KGLD and MSFY, 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

KGLD vs. MSFY - Drawdown Comparison

The maximum KGLD drawdown since its inception was -28.32%, smaller than the maximum MSFY drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for KGLD and MSFY.

Drawdown Indicators

	KGLD	MSFY	Difference
Max Drawdown Largest peak-to-trough decline	-28.32%	-35.65%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	-35.65%	+7.33%
Current Drawdown Current decline from peak	-26.95%	-17.66%	-9.29%
Average Drawdown Average peak-to-trough decline	-8.98%	-8.42%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.19%	19.11%	-5.92%

Volatility

KGLD vs. MSFY - Volatility Comparison

The current volatility for Kurv Gold Enhanced Income ETF (KGLD) is 6.32%, while Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a volatility of 14.33%. This indicates that KGLD 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.

Volatility by Period

	KGLD	MSFY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	14.33%	-8.01%
Volatility (6M) Calculated over the trailing 6-month period	24.14%	27.28%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	29.22%	32.55%	-3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.40%	24.55%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.40%	24.55%	+3.85%

KGLD vs. MSFY - Expense Ratio Comparison

Both KGLD and MSFY have an expense ratio of 1.00%.

Dividends

KGLD vs. MSFY - Dividend Comparison

KGLD's dividend yield for the trailing twelve months is around 15.46%, less than MSFY's 23.50% yield.

Position	TTM	2025	2024	2023
KGLD Kurv Gold Enhanced Income ETF	15.46%	4.59%	0.00%	0.00%
MSFY Kurv Yield Premium Strategy Microsoft ETF	23.50%	18.56%	14.35%	1.94%

Frequently Asked Questions

Can I hold both KGLD and MSFY in my portfolio?

KGLD and MSFY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KGLD or MSFY?

MSFY has higher volatility (14.33%) compared to KGLD (6.32%). In terms of maximum drawdown, KGLD dropped -28.32% vs MSFY's -35.65%.

Which ETF is better, KGLD or MSFY?

On 1-year performance, KGLD leads with 18.91% vs -13.97% for MSFY. Both ETFs have the same 1.00% expense ratio. On volatility, KGLD has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KGLD or MSFY?

Over the 1-year period, KGLD has performed better with a 18.91% return vs -13.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KGLD or MSFY?

KGLD and MSFY have the same expense ratio: 1.00% per year.

Which ETF pays a higher dividend yield, KGLD or MSFY?

MSFY has the higher dividend yield at 23.50%, compared with 15.46% for KGLD.

Which has better risk-adjusted returns?

KGLD currently has the higher Sharpe Ratio (0.74 vs -0.46), 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.