MSFO vs. JULQ

Last updated Jun 4, 2026

MSFO (YieldMax MSFT Option Income Strategy ETF ) and JULQ (Innovator Premium Income 40 Barrier ETF - July) are both Options Trading funds. Both are actively managed. MSFO charges 0.99%/yr vs 0.79%/yr for JULQ.

Performance

MSFO vs. JULQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSFT Option Income Strategy ETF (MSFO) and Innovator Premium Income 40 Barrier ETF - July (JULQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSFO

• 1D: -2.81%
• 1M: 2.02%
• YTD: -9.19%
• 6M: -7.90%
• 1Y: -4.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFO vs. JULQ - Yearly Performance Comparison

	2026 (YTD)
MSFO YieldMax MSFT Option Income Strategy ETF	7.32%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%

Return for Risk

MSFO vs. JULQ — Risk / Return Rank

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

MSFO

MSFO Risk / Return Rank: 7
MSFO Sharpe Ratio Rank: 6
MSFO Sortino Ratio Rank: 6
MSFO Omega Ratio Rank: 6
MSFO Calmar Ratio Rank: 7
MSFO 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.

MSFO vs. JULQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) and Innovator Premium Income 40 Barrier ETF - July (JULQ). 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	JULQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	—	—
Sortino ratio: Return per unit of downside risk	-0.16	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.17	—	—
Martin ratio: Return relative to average drawdown	-0.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSFO	JULQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	—	—

Drawdowns

MSFO vs. JULQ - Drawdown Comparison

The maximum MSFO drawdown since its inception was -29.29%, which is greater than JULQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MSFO and JULQ.

Drawdown Indicators

	MSFO	JULQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.29%	0.00%	-29.29%
Max Drawdown (1Y) Largest decline over 1 year	-29.29%	—	—
Current Drawdown Current decline from peak	-16.79%	0.00%	-16.79%
Average Drawdown Average peak-to-trough decline	-6.56%	0.00%	-6.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.16%	—	—

Volatility

Volatility by Period

	MSFO	JULQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.51%	0.00%	+21.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.78%	0.00%	+19.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	0.00%	+19.78%

MSFO vs. JULQ - Expense Ratio Comparison

MSFO has a 0.99% expense ratio, which is higher than JULQ's 0.79% expense ratio.

Dividends

MSFO vs. JULQ - Dividend Comparison

MSFO's dividend yield for the trailing twelve months is around 38.67%, while JULQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%
MSFO YieldMax MSFT Option Income Strategy ETF	38.67%	33.91%	35.15%	6.44%

Frequently Asked Questions

Which ETF is better, MSFO or JULQ?

On fees, JULQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFO or JULQ?

JULQ is cheaper with a 0.79% expense ratio, compared with 0.99% for MSFO.

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

MSFO has the higher dividend yield at 38.67%, compared with 0.00% for JULQ.

What is the main difference between MSFO and JULQ?

They also come from different issuers: YieldMax and Innovator. Their fees differ too: 0.99% for MSFO and 0.79% for JULQ.