MSFO vs. IYE
MSFO (YieldMax MSFT Option Income Strategy ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - MSFO is a Options Trading fund actively managed by YieldMax, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. MSFO is actively managed, while IYE is passively managed. Over the past year, MSFO returned -7.47% vs 37.19% for IYE. Their -0.02 correlation means they have often moved in opposite directions in the past. MSFO charges 1.03%/yr vs 0.42%/yr for IYE.
Performance
MSFO vs. IYE - Performance Comparison
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Returns By Period
In the year-to-date period, MSFO achieves a -2.37% return, which is significantly lower than IYE's 29.45% return.
MSFO
- 1D
- -3.81%
- 1M
- 17.99%
- 6M
- 11.77%
- YTD
- -2.37%
- 1Y
- -7.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.23%
IYE
- 1D
- -2.15%
- 1M
- 7.48%
- 6M
- 10.21%
- YTD
- 29.45%
- 1Y
- 37.19%
- 3Y*
- 12.91%
- 5Y*
- 21.45%
- 10Y*
- 8.66%
- ALL TIME*
- 7.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.63M | $49.12M | $74.11M | |
| $1.40M | $1.04M | $1.07M |
MSFO vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF | -2.37% | 15.69% | 10.34% | 18.74% |
IYE iShares U.S. Energy ETF | 29.45% | 7.33% | 6.06% | -1.77% |
Correlation
The correlation between MSFO and IYE is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2023 | -0.02 |
The correlation between MSFO and IYE shifts across timeframes, from -0.13 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFO vs. IYE — Risk / Return Rank
MSFO
IYE
MSFO vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) and iShares U.S. Energy ETF (IYE). 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.
| MSFO | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.57 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.46 | 6.77 | -7.23 |
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Drawdowns
MSFO vs. IYE - Drawdown Comparison
The maximum MSFO drawdown since its inception was -29.65%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for MSFO and IYE.
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Drawdown Indicators
| MSFO | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -73.74% | +44.09% |
Max Drawdown (1Y)Largest decline over 1 year | -29.65% | -14.54% | -15.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -10.54% | -7.52% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -19.29% | +11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 5.51% | +10.62% |
Volatility
MSFO vs. IYE - Volatility Comparison
YieldMax MSFT Option Income Strategy ETF (MSFO) has a higher volatility of 15.08% compared to iShares U.S. Energy ETF (IYE) at 6.02%. This indicates that MSFO's price experiences larger fluctuations and is considered to be riskier than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFO | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 6.02% | +9.06% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 16.13% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 20.58% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.99% | 25.43% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 29.50% | -7.51% |
MSFO vs. IYE - Expense Ratio Comparison
MSFO has a 1.03% expense ratio, which is higher than IYE's 0.42% expense ratio.
Dividends
MSFO vs. IYE - Dividend Comparison
MSFO's dividend yield for the trailing twelve months is around 35.79%, more than IYE's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.20% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
MSFO YieldMax MSFT Option Income Strategy ETF | 35.79% | 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 IYE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFO has higher volatility (15.08%) compared to IYE (6.02%). In terms of maximum drawdown, MSFO dropped -29.65% vs IYE's -73.74%.
On 1-year performance, IYE leads with 37.19% vs -7.47% for MSFO. On fees, IYE is cheaper at 0.42% per year. On volatility, IYE has been the lower-risk option at 6.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYE has performed better with a 37.19% return vs -7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYE is cheaper with a 0.42% expense ratio, compared with 1.03% for MSFO.
MSFO has the higher dividend yield at 35.79%, compared with 2.20% for IYE.
MSFO is categorized as Options Trading, while IYE is Energy Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.03% for MSFO and 0.42% for IYE.
IYE currently has the higher Sharpe Ratio (1.82 vs -0.27), 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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