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MSFW vs. IEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MSFW vs. IEZ

Last updated Jul 17, 2026
Documentation

MSFW (Roundhill MSFT WeeklyPay™ ETF) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both exchange-traded funds - MSFW is a Derivative Income fund actively managed by Roundhill, while IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index. MSFW is actively managed, while IEZ is passively managed. At a correlation of -0.05, they often move in opposite directions. MSFW charges 0.99%/yr vs 0.42%/yr for IEZ.

Performance

MSFW vs. IEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSFT WeeklyPay™ ETF (MSFW) and iShares U.S. Oil Equipment & Services ETF (IEZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MSFW achieves a -21.45% return, which is significantly lower than IEZ's 30.48% return.

MSFW

1D
1.71%
1M
1.75%
6M
-15.87%
YTD
-21.45%
1Y
—
3Y*
—
5Y*
—
10Y*
—

IEZ

1D
-1.28%
1M
-6.75%
6M
13.89%
YTD
30.48%
1Y
60.54%
3Y*
7.97%
5Y*
16.82%
10Y*
-1.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MSFW vs. IEZ - Yearly Performance Comparison

2026 (YTD)2025
MSFW
Roundhill MSFT WeeklyPay™ ETF		-21.45%-7.80%
IEZ
iShares U.S. Oil Equipment & Services ETF		30.48%14.11%

Correlation

The correlation between MSFW and IEZ is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 24, 2025

-0.05

MSFW vs. IEZ - Sectors Allocation Comparison

Sectors
MSFW
IEZ

Technology

32.7%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

99.3%

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.7%

Real Estate

-

-

Utilities

-

1.0%

Technology

MSFW
32.7%
IEZ

-

Basic Materials

MSFW

-

IEZ

-

Communication Services

MSFW

-

IEZ

-

Consumer Cyclical

MSFW

-

IEZ

-

Consumer Defensive

MSFW

-

IEZ

-

Energy

MSFW

-

IEZ
99.3%

Financial Services

MSFW

-

IEZ

-

Healthcare

MSFW

-

IEZ

-

Industrials

MSFW

-

IEZ
0.7%

Real Estate

MSFW

-

IEZ

-

Utilities

MSFW

-

IEZ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill MSFT WeeklyPay™ ETF

iShares U.S. Oil Equipment & Services ETF

Often compared with MSFW:
MSFW vs. MSFOMSFW vs. MSFTMSFW vs. MSFXMSFW vs. MSFUMSFW vs. MSFYMSFW vs. GOOWMSFW vs. AMZW
Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IBBQIEZ vs. IEOIEZ vs. USO

Return for Risk

MSFW vs. IEZ — Risk / Return Rank

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

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

IEZ
IEZ Risk / Return Rank: 7575
Overall Rank
IEZ Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 7777
Sortino Ratio Rank
IEZ Omega Ratio Rank: 7373
Omega Ratio Rank
IEZ Calmar Ratio Rank: 7474
Calmar Ratio Rank
IEZ Martin Ratio Rank: 7070
Martin Ratio Rank
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.

MSFW vs. IEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSFT WeeklyPay™ ETF (MSFW) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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.

MSFWIEZDifference
Sharpe ratioReturn per unit of total volatility

—

2.10

—

Sortino ratioReturn per unit of downside risk

—

2.76

—

Omega ratioGain probability vs. loss probability

—

1.34

—

Calmar ratioReturn relative to maximum drawdown

—

2.99

—

Martin ratioReturn relative to average drawdown

—

10.15

—

MSFW vs. IEZ - Sharpe Ratio Comparison

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Drawdowns

MSFW vs. IEZ - Drawdown Comparison

The maximum MSFW drawdown since its inception was -41.85%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for MSFW and IEZ.

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Drawdown Indicators

MSFWIEZDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-92.52%

+50.67%

Max Drawdown (1Y)

Largest decline over 1 year

—

-20.34%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-40.25%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.29%

—

Current Drawdown

Current decline from peak

-32.08%

-56.94%

+24.86%

Average Drawdown

Average peak-to-trough decline

-19.41%

-48.29%

+28.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.98%

—

Volatility

MSFW vs. IEZ - Volatility Comparison

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Volatility by Period

MSFWIEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

8.50%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

20.62%

—

Volatility (1Y)

Calculated over the trailing 1-year period

33.58%

29.07%

+4.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.58%

36.09%

-2.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.58%

41.44%

-7.86%

MSFW vs. IEZ - Expense Ratio Comparison

MSFW has a 0.99% expense ratio, which is higher than IEZ's 0.42% expense ratio.

Dividends

MSFW vs. IEZ - Dividend Comparison

MSFW's dividend yield for the trailing twelve months is around 48.07%, more than IEZ's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
IEZ
iShares U.S. Oil Equipment & Services ETF		1.27%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%
MSFW
Roundhill MSFT WeeklyPay™ ETF		48.07%20.25%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MSFW and IEZ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEZ is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEZ is cheaper with a 0.42% expense ratio, compared with 0.99% for MSFW.

MSFW has the higher dividend yield at 48.07%, compared with 1.27% for IEZ.

MSFW is categorized as Derivative Income, while IEZ is Energy Equities. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.99% for MSFW and 0.42% for IEZ.

Portfolio Optimizer

Find the right allocation for MSFW and IEZ

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