MSFO vs. MSFW

Last updated Jul 12, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSFT Option Income Strategy ETF (MSFO) and Roundhill MSFT WeeklyPay™ ETF (MSFW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFO achieves a -17.66% return, which is significantly higher than MSFW's -25.02% return.

MSFO

• 1D: 0.00%
• 1M: -1.79%
• 6M: -16.60%
• YTD: -17.66%
• 1Y: -18.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFW

• 1D: 0.55%
• 1M: -1.85%
• 6M: -24.12%
• YTD: -25.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFO vs. MSFW - Yearly Performance Comparison

	2026 (YTD)	2025
MSFO YieldMax MSFT Option Income Strategy ETF	-17.66%	-1.81%
MSFW Roundhill MSFT WeeklyPay™ ETF	-25.02%	-7.80%

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 24, 2025	0.96

Return for Risk

MSFO vs. MSFW — Risk / Return Rank

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

MSFO

MSFO Risk / Return Rank: 3
MSFO Sharpe Ratio Rank: 3
MSFO Sortino Ratio Rank: 3
MSFO Omega Ratio Rank: 3
MSFO Calmar Ratio Rank: 4
MSFO Martin Ratio Rank: 3

MSFW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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.

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	MSFW	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	—	—
Sortino ratio: Return per unit of downside risk	-1.01	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.63	—	—
Martin ratio: Return relative to average drawdown	-1.22	—	—

Drawdowns

MSFO vs. MSFW - Drawdown Comparison

The maximum MSFO drawdown since its inception was -29.65%, smaller than the maximum MSFW drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for MSFO and MSFW.

Drawdown Indicators

	MSFO	MSFW	Difference
Max Drawdown Largest peak-to-trough decline	-29.65%	-41.85%	+12.20%
Max Drawdown (1Y) Largest decline over 1 year	-29.65%	—	—
Current Drawdown Current decline from peak	-24.55%	-35.17%	+10.62%
Average Drawdown Average peak-to-trough decline	-7.15%	-19.17%	+12.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.18%	—	—

Volatility

Volatility by Period

	MSFO	MSFW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	33.53%	-10.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.22%	33.53%	-13.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	33.53%	-13.31%

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 43.55%, less than MSFW's 48.89% yield.

Position	TTM	2025	2024	2023
MSFO YieldMax MSFT Option Income Strategy ETF	43.55%	33.91%	35.15%	6.44%
MSFW Roundhill MSFT WeeklyPay™ ETF	48.89%	20.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFO and MSFW in my portfolio?

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.

Which ETF is better, MSFO or MSFW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFO or MSFW?

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

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

MSFW has the higher dividend yield at 48.89%, compared with 43.55% for MSFO.

What is the main difference between MSFO and MSFW?

MSFO is categorized as Options Trading, while MSFW is Derivative Income. They also come from different issuers: YieldMax and Roundhill.