MSFO vs. MSFW
MSFO (YieldMax MSFT Option Income Strategy ETF ) and MSFW (Roundhill MSFT WeeklyPay™ ETF) are both exchange-traded funds - MSFO is a Options Trading fund actively managed by YieldMax, while MSFW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.
Performance
MSFO vs. MSFW - Performance Comparison
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Returns By Period
In the year-to-date period, MSFO achieves a -9.19% return, which is significantly higher than MSFW's -14.73% return.
MSFO
- 1D
- -2.81%
- 1M
- 2.02%
- YTD
- -9.19%
- 6M
- -7.90%
- 1Y
- -4.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFW
- 1D
- -3.61%
- 1M
- 4.05%
- YTD
- -14.73%
- 6M
- -13.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFO vs. MSFW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| -9.19% | -2.99% |
MSFW Roundhill MSFT WeeklyPay™ ETF | -14.73% | -7.81% |
Correlation
The correlation between MSFO and MSFW is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.96 |
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Return for Risk
MSFO vs. MSFW — Risk / Return Rank
MSFO
MSFW
MSFO vs. MSFW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) and Roundhill MSFT WeeklyPay™ ETF (MSFW). 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 | MSFW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.98 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| MSFO | MSFW | 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 | -0.76 | +1.37 |
Drawdowns
MSFO vs. MSFW - Drawdown Comparison
The maximum MSFO drawdown since its inception was -29.29%, smaller than the maximum MSFW drawdown of -40.42%. Use the drawdown chart below to compare losses from any high point for MSFO and MSFW.
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Drawdown Indicators
| MSFO | MSFW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.29% | -40.42% | +11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -29.29% | — | — |
Current DrawdownCurrent decline from peak | -16.79% | -26.27% | +9.48% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -17.45% | +10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | — | — |
Volatility
MSFO vs. MSFW - Volatility Comparison
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Volatility by Period
| MSFO | MSFW | 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% | 32.40% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.78% | 32.40% | -12.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 32.40% | -12.62% |
MSFO vs. MSFW - Expense Ratio Comparison
Both MSFO and MSFW have an expense ratio of 0.99%.
Dividends
MSFO vs. MSFW - Dividend Comparison
MSFO's dividend yield for the trailing twelve months is around 38.67%, less than MSFW's 39.31% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| 38.67% | 33.91% | 35.15% | 6.44% |
MSFW Roundhill MSFT WeeklyPay™ ETF | 39.31% | 20.25% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, MSFO and MSFW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSFO and MSFW have the same expense ratio: 0.99% per year.
MSFW has the higher dividend yield at 39.31%, compared with 38.67% for MSFO.
MSFO is categorized as Options Trading, while MSFW is Derivative Income. They also come from different issuers: YieldMax and Roundhill.
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