KGLD vs. MSFY
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 17.91% vs -21.89% for MSFY. At a 0.11 correlation, their price movements are largely independent. Both charge a 1.00% expense ratio.
Performance
KGLD vs. MSFY - Performance Comparison
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Returns By Period
In the year-to-date period, KGLD achieves a -7.88% return, which is significantly higher than MSFY's -22.42% return.
KGLD
- 1D
- -2.53%
- 1M
- -5.25%
- 6M
- -13.85%
- YTD
- -7.88%
- 1Y
- 17.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFY
- 1D
- 1.69%
- 1M
- 0.10%
- 6M
- -21.15%
- YTD
- -22.42%
- 1Y
- -21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KGLD vs. MSFY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KGLD Kurv Gold Enhanced Income ETF | -7.88% | 29.75% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | -22.42% | 1.77% |
Correlation
The correlation between KGLD and MSFY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.11 |
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Return for Risk
KGLD vs. MSFY — Risk / Return Rank
KGLD
MSFY
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 ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.88 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.62 | +1.26 |
| Martin ratioReturn relative to average drawdown | 1.55 | -1.22 | +2.77 |
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Drawdowns
KGLD vs. MSFY - Drawdown Comparison
The maximum KGLD drawdown since its inception was -28.07%, 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.
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Drawdown Indicators
| KGLD | MSFY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -35.65% | +7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -28.07% | -35.65% | +7.58% |
Current DrawdownCurrent decline from peak | -27.90% | -28.32% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -8.03% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 18.02% | -6.46% |
Volatility
KGLD vs. MSFY - Volatility Comparison
The current volatility for Kurv Gold Enhanced Income ETF (KGLD) is 7.48%, while Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a volatility of 11.94%. 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.
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Volatility by Period
| KGLD | MSFY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 11.94% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 25.10% | 27.39% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.99% | 29.12% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.78% | 23.12% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 23.12% | +5.66% |
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 15.67%, less than MSFY's 25.52% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
KGLD Kurv Gold Enhanced Income ETF | 15.67% | 4.59% | 0.00% | 0.00% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | 25.52% | 18.56% | 14.35% | 1.94% |
Frequently Asked Questions
KGLD and MSFY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFY has higher volatility (11.94%) compared to KGLD (7.48%). In terms of maximum drawdown, KGLD dropped -28.07% vs MSFY's -35.65%.
On 1-year performance, KGLD leads with 17.91% vs -21.89% for MSFY. Both ETFs have the same 1.00% expense ratio. On volatility, KGLD has been the lower-risk option at 7.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KGLD has performed better with a 17.91% return vs -21.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KGLD and MSFY have the same expense ratio: 1.00% per year.
MSFY has the higher dividend yield at 25.52%, compared with 15.67% for KGLD.
KGLD currently has the higher Sharpe Ratio (0.62 vs -0.76), 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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