MSFO vs. XLG
MSFO (YieldMax MSFT Option Income Strategy ETF ) and XLG (Invesco S&P 500 Top 50 ETF) are both exchange-traded funds - MSFO is a Options Trading fund actively managed by YieldMax, while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. MSFO is actively managed, while XLG is passively managed. Over the past year, MSFO returned -4.82% vs 28.54% for XLG. A 0.68 correlation means they provide meaningful diversification when combined. MSFO charges 0.99%/yr vs 0.20%/yr for XLG.
Performance
MSFO vs. XLG - Performance Comparison
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Returns By Period
In the year-to-date period, MSFO achieves a -9.19% return, which is significantly lower than XLG's 7.57% return.
MSFO
- 1D
- -2.81%
- 1M
- 2.02%
- YTD
- -9.19%
- 6M
- -7.90%
- 1Y
- -4.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLG
- 1D
- -1.15%
- 1M
- 4.22%
- YTD
- 7.57%
- 6M
- 7.32%
- 1Y
- 28.54%
- 3Y*
- 24.46%
- 5Y*
- 16.24%
- 10Y*
- 17.27%
MSFO vs. XLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| -9.19% | 15.69% | 10.34% | 18.38% |
XLG Invesco S&P 500 Top 50 ETF | 7.57% | 19.51% | 33.49% | 8.79% |
Correlation
The correlation between MSFO and XLG is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2023 | 0.68 |
The correlation between MSFO and XLG shifts across timeframes, from 0.55 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFO vs. XLG — Risk / Return Rank
MSFO
XLG
MSFO vs. XLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) and Invesco S&P 500 Top 50 ETF (XLG). 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 | XLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.31 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.37 | 8.66 | -9.03 |
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 | XLG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 2.15 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.62 | -0.01 |
Drawdowns
MSFO vs. XLG - Drawdown Comparison
The maximum MSFO drawdown since its inception was -29.29%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for MSFO and XLG.
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Drawdown Indicators
| MSFO | XLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.29% | -52.39% | +23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -29.29% | -12.41% | -16.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.46% | — |
Current DrawdownCurrent decline from peak | -16.79% | -1.44% | -15.35% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -7.64% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | 3.30% | +9.86% |
Volatility
MSFO vs. XLG - Volatility Comparison
YieldMax MSFT Option Income Strategy ETF (MSFO) has a higher volatility of 8.28% compared to Invesco S&P 500 Top 50 ETF (XLG) at 3.19%. This indicates that MSFO's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFO | XLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 3.19% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 9.80% | +9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 13.33% | +8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.78% | 18.68% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 18.84% | +0.94% |
MSFO vs. XLG - Expense Ratio Comparison
MSFO has a 0.99% expense ratio, which is higher than XLG's 0.20% expense ratio.
Dividends
MSFO vs. XLG - Dividend Comparison
MSFO's dividend yield for the trailing twelve months is around 38.67%, more than XLG's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| 38.67% | 33.91% | 35.15% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLG Invesco S&P 500 Top 50 ETF | 0.60% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
Frequently Asked Questions
MSFO and XLG have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFO has higher volatility (8.28%) compared to XLG (3.19%). In terms of maximum drawdown, MSFO dropped -29.29% vs XLG's -52.39%.
On 1-year performance, XLG leads with 28.54% vs -4.82% for MSFO. On fees, XLG is cheaper at 0.20% per year. On volatility, XLG has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLG has performed better with a 28.54% return vs -4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLG is cheaper with a 0.20% expense ratio, compared with 0.99% for MSFO.
MSFO has the higher dividend yield at 38.67%, compared with 0.60% for XLG.
MSFO is categorized as Options Trading, while XLG is S&P 500. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for MSFO and 0.20% for XLG.
XLG currently has the higher Sharpe Ratio (2.15 vs -0.22), 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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