MSFO vs. MSFW

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax MSFT Option Income Strategy ETF (MSFO) and Roundhill MSFT WeeklyPay™ ETF (MSFW).

MSFO and MSFW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFO is an actively managed fund by YieldMax. It was launched on Aug 24, 2023. MSFW is an actively managed fund by Roundhill. It was launched on Jul 24, 2025.

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.

MSFO vs. MSFW - Yearly Performance Comparison

	2026 (YTD)	2025
MSFO YieldMax MSFT Option Income Strategy ETF	-20.34%	-2.99%
MSFW Roundhill MSFT WeeklyPay™ ETF	-27.94%	-7.81%

Returns By Period

In the year-to-date period, MSFO achieves a -20.34% return, which is significantly higher than MSFW's -27.94% return.

MSFO

• 1D: -0.26%
• 1M: -6.81%
• YTD: -20.34%
• 6M: -23.82%
• 1Y: -1.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFW

• 1D: -0.08%
• 1M: -8.96%
• YTD: -27.94%
• 6M: -34.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFO vs. MSFW - Expense Ratio Comparison

Both MSFO and MSFW have an expense ratio of 0.99%.

MSFO

YieldMax MSFT Option Income Strategy ETF

MSFW

Roundhill MSFT WeeklyPay™ ETF

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: 11
MSFO Sharpe Ratio Rank: 10
MSFO Sortino Ratio Rank: 10
MSFO Omega Ratio Rank: 10
MSFO Calmar Ratio Rank: 12
MSFO Martin Ratio Rank: 12

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.

	MSFO	MSFW	Difference
Sharpe ratio Return per unit of total volatility	-0.07	—	—
Sortino ratio Return per unit of downside risk	0.06	—	—
Omega ratio Gain probability vs. loss probability	1.01	—	—
Calmar ratio Return relative to maximum drawdown	0.02	—	—
Martin ratio Return relative to average drawdown	0.06	—	—
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	MSFW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	-1.50	+1.88

Correlation

The correlation between MSFO and MSFW is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSFO vs. MSFW - Dividend Comparison

MSFO's dividend yield for the trailing twelve months is around 44.30%, more than MSFW's 38.14% yield.

	TTM	2025	2024	2023
MSFO YieldMax MSFT Option Income Strategy ETF	44.30%	33.91%	35.15%	6.44%
MSFW Roundhill MSFT WeeklyPay™ ETF	38.14%	20.25%	0.00%	0.00%

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.

Drawdown Indicators

	MSFO	MSFW	Difference
Max Drawdown Largest peak-to-trough decline	-29.29%	-40.42%	+11.13%
Max Drawdown (1Y) Largest decline over 1 year	-29.29%	—	—
Current Drawdown Current decline from peak	-27.01%	-37.70%	+10.69%
Average Drawdown Average peak-to-trough decline	-5.75%	-14.53%	+8.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.59%	—	—

Volatility

Volatility by Period

	MSFO	MSFW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.27%	30.11%	-7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	30.11%	-10.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	30.11%	-10.98%