MSFO vs. HDV
MSFO (YieldMax MSFT Option Income Strategy ETF ) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - MSFO is a Options Trading fund actively managed by YieldMax, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. MSFO is actively managed, while HDV is passively managed. Over the past year, MSFO returned -4.82% vs 20.35% for HDV. At a correlation of -0.03, they often move in opposite directions. MSFO charges 0.99%/yr vs 0.08%/yr for HDV.
Performance
MSFO vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, MSFO achieves a -9.19% return, which is significantly lower than HDV's 12.69% return.
MSFO
- 1D
- -2.81%
- 1M
- 2.02%
- YTD
- -9.19%
- 6M
- -7.90%
- 1Y
- -4.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
MSFO vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| -9.19% | 15.69% | 10.34% | 18.38% |
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | 14.16% | 1.81% |
Correlation
The correlation between MSFO and HDV is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2023 | -0.03 |
The correlation between MSFO and HDV shifts across timeframes, from -0.22 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFO vs. HDV — Risk / Return Rank
MSFO
HDV
MSFO vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) and iShares Core High Dividend ETF (HDV). 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.
| MSFO | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.95 | -4.11 |
| Martin ratioReturn relative to average drawdown | -0.37 | 11.02 | -11.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFO | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 2.10 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.72 | -0.11 |
Drawdowns
MSFO vs. HDV - Drawdown Comparison
The maximum MSFO drawdown since its inception was -29.29%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MSFO and HDV.
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Drawdown Indicators
| MSFO | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.29% | -37.04% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -29.29% | -5.18% | -24.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -16.79% | -2.54% | -14.25% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -3.09% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | 1.85% | +11.31% |
Volatility
MSFO vs. HDV - Volatility Comparison
YieldMax MSFT Option Income Strategy ETF (MSFO) has a higher volatility of 8.28% compared to iShares Core High Dividend ETF (HDV) at 3.19%. This indicates that MSFO's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFO | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 3.19% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 7.56% | +11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 9.73% | +11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.78% | 12.82% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 15.73% | +4.05% |
MSFO vs. HDV - Expense Ratio Comparison
MSFO has a 0.99% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
MSFO vs. HDV - Dividend Comparison
MSFO's dividend yield for the trailing twelve months is around 38.67%, more than HDV's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
MSFO YieldMax MSFT Option Income Strategy ETF
| 38.67% | 33.91% | 35.15% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSFO and HDV have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFO has higher volatility (8.28%) compared to HDV (3.19%). In terms of maximum drawdown, MSFO dropped -29.29% vs HDV's -37.04%.
On 1-year performance, HDV leads with 20.35% vs -4.82% for MSFO. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 20.35% return vs -4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.99% for MSFO.
MSFO has the higher dividend yield at 38.67%, compared with 2.91% for HDV.
MSFO is categorized as Options Trading, while HDV is Dividend. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSFO and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.10 vs -0.22), 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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