LFGY vs. MSFO

Last updated Jun 14, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and MSFO (YieldMax MSFT Option Income Strategy ETF ) are both exchange-traded funds - LFGY is a Derivative Income fund actively managed by YieldMax, while MSFO is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, LFGY returned 7.54% vs -13.71% for MSFO. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

LFGY vs. MSFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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, LFGY achieves a 14.83% return, which is significantly higher than MSFO's -16.15% return.

LFGY

• 1D: 0.36%
• 1M: -1.47%
• YTD: 14.83%
• 6M: 6.65%
• 1Y: 7.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFO

• 1D: 0.02%
• 1M: -7.72%
• YTD: -16.15%
• 6M: -15.35%
• 1Y: -13.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFGY vs. MSFO - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	14.83%	-9.35%
MSFO YieldMax MSFT Option Income Strategy ETF	-16.15%	15.89%

Correlation

The correlation between LFGY and MSFO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.43

Return for Risk

LFGY vs. MSFO — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 12
LFGY Sharpe Ratio Rank: 12
LFGY Sortino Ratio Rank: 13
LFGY Omega Ratio Rank: 13
LFGY Calmar Ratio Rank: 11
LFGY Martin Ratio Rank: 11

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.

LFGY vs. MSFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.

	LFGY	MSFO	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-0.64	+0.78
Sortino ratio: Return per unit of downside risk	0.47	-0.75	+1.22
Omega ratio: Gain probability vs. loss probability	1.06	0.90	+0.15
Calmar ratio: Return relative to maximum drawdown	0.16	-0.47	+0.63
Martin ratio: Return relative to average drawdown	0.34	-1.02	+1.36

LFGY vs. MSFO - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is 0.15, which is higher than the MSFO Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of LFGY 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

LFGY vs. MSFO - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than MSFO's maximum drawdown of -29.29%. Use the drawdown chart below to compare losses from any high point for LFGY and MSFO.

Drawdown Indicators

	LFGY	MSFO	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-29.29%	-6.65%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-29.29%	-6.65%
Current Drawdown Current decline from peak	-12.29%	-23.17%	+10.88%
Average Drawdown Average peak-to-trough decline	-14.02%	-6.69%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.57%	13.60%	+2.97%

Volatility

LFGY vs. MSFO - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 14.01% compared to YieldMax MSFT Option Income Strategy ETF (MSFO) at 8.81%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than MSFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	MSFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.01%	8.81%	+5.20%
Volatility (6M) Calculated over the trailing 6-month period	31.82%	19.32%	+12.50%
Volatility (1Y) Calculated over the trailing 1-year period	38.34%	21.81%	+16.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.48%	19.81%	+22.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.48%	19.81%	+22.67%

LFGY vs. MSFO - Expense Ratio Comparison

Both LFGY and MSFO have an expense ratio of 0.99%.

Dividends

LFGY vs. MSFO - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 82.27%, more than MSFO's 44.05% yield.

Position	TTM	2025	2024	2023
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	82.27%	94.90%	0.00%	0.00%
MSFO YieldMax MSFT Option Income Strategy ETF	44.05%	33.91%	35.15%	6.44%

Frequently Asked Questions

Can I hold both LFGY and MSFO in my portfolio?

LFGY and MSFO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or MSFO?

LFGY has higher volatility (14.01%) compared to MSFO (8.81%). In terms of maximum drawdown, LFGY dropped -35.94% vs MSFO's -29.29%.

Which ETF is better, LFGY or MSFO?

On 1-year performance, LFGY leads with 7.54% vs -13.71% for MSFO. Both ETFs have the same 0.99% expense ratio. On volatility, MSFO has been the lower-risk option at 8.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or MSFO?

Over the 1-year period, LFGY has performed better with a 7.54% return vs -13.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or MSFO?

LFGY and MSFO have the same expense ratio: 0.99% per year.

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

LFGY has the higher dividend yield at 82.27%, compared with 44.05% for MSFO.

What is the main difference between LFGY and MSFO?

LFGY is categorized as Derivative Income, while MSFO is Options Trading.

Which has better risk-adjusted returns?

LFGY currently has the higher Sharpe Ratio (0.15 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.