KGLD vs. MSFY

Last updated Jun 4, 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. At a 0.06 correlation, their price movements are largely independent. 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 2.99% return, which is significantly higher than MSFY's -13.99% return.

KGLD

• 1D: -1.05%
• 1M: -1.84%
• YTD: 2.99%
• 6M: 5.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFY

• 1D: -3.43%
• 1M: 4.37%
• YTD: -13.99%
• 6M: -12.67%
• 1Y: -7.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KGLD vs. MSFY - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	2.99%	29.75%
MSFY Kurv Yield Premium Strategy Microsoft ETF	-13.99%	2.04%

Correlation

The correlation between KGLD and MSFY is 0.06, 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 (All Time) Calculated using the full available price history since Jul 9, 2025	0.06

Return for Risk

KGLD vs. MSFY — Risk / Return Rank

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

MSFY

MSFY Risk / Return Rank: 6
MSFY Sharpe Ratio Rank: 6
MSFY Sortino Ratio Rank: 6
MSFY Omega Ratio Rank: 6
MSFY Calmar Ratio Rank: 7
MSFY Martin Ratio Rank: 7

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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KGLD	MSFY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.20	+1.12

Drawdowns

KGLD vs. MSFY - Drawdown Comparison

The maximum KGLD drawdown since its inception was -20.29%, smaller than the maximum MSFY drawdown of -34.21%. 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	-20.29%	-34.21%	+13.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.21%	—
Current Drawdown Current decline from peak	-19.40%	-20.53%	+1.13%
Average Drawdown Average peak-to-trough decline	-6.10%	-7.20%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.40%	—

Volatility

Volatility by Period

	KGLD	MSFY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.72%	26.51%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	22.27%	+6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	22.27%	+6.45%

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 12.64%, less than MSFY's 24.31% yield.

Position	TTM	2025	2024	2023
KGLD Kurv Gold Enhanced Income ETF	12.64%	4.59%	0.00%	0.00%
MSFY Kurv Yield Premium Strategy Microsoft ETF	24.31%	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 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KGLD or MSFY?

Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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 24.31%, compared with 12.64% for KGLD.