MSFY vs. BITI

Last updated Jul 15, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. MSFY is actively managed, while BITI is passively managed. Over the past year, MSFY returned -23.16% vs 64.31% for BITI. At a correlation of -0.22, they often move in opposite directions. MSFY charges 1.00%/yr vs 1.03%/yr for BITI.

Performance

MSFY vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFY achieves a -23.61% return, which is significantly lower than BITI's 23.84% return.

MSFY

• 1D: -1.54%
• 1M: -1.44%
• 6M: -21.21%
• YTD: -23.61%
• 1Y: -23.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: -3.81%
• 1M: -2.41%
• 6M: 34.02%
• YTD: 23.84%
• 1Y: 64.31%
• 3Y*: -31.54%
• 5Y*: —
• 10Y*: —

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

MSFY vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-23.61%	14.11%	10.88%	2.57%
BITI ProShares Short Bitcoin ETF	23.84%	-1.76%	-62.60%	-18.57%

Correlation

The correlation between MSFY and BITI is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	-0.22

Return for Risk

MSFY vs. BITI — Risk / Return Rank

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

MSFY

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

BITI

BITI Risk / Return Rank: 53
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

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.

MSFY vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and ProShares Short Bitcoin ETF (BITI). 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.

	MSFY	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	1.46	-2.26
Sortino ratio: Return per unit of downside risk	-0.99	2.03	-3.02
Omega ratio: Gain probability vs. loss probability	0.87	1.24	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.65	2.56	-3.21
Martin ratio: Return relative to average drawdown	-1.28	6.37	-7.65

MSFY vs. BITI - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.80, which is lower than the BITI Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of MSFY and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSFY vs. BITI - Drawdown Comparison

The maximum MSFY drawdown since its inception was -35.65%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for MSFY and BITI.

Drawdown Indicators

	MSFY	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-92.16%	+56.51%
Max Drawdown (1Y) Largest decline over 1 year	-35.65%	-25.28%	-10.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-29.42%	-86.48%	+57.06%
Average Drawdown Average peak-to-trough decline	-8.07%	-68.36%	+60.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.11%	10.13%	+7.98%

Volatility

MSFY vs. BITI - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) and ProShares Short Bitcoin ETF (BITI) have volatilities of 11.85% and 11.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	11.73%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	27.41%	34.49%	-7.08%
Volatility (1Y) Calculated over the trailing 1-year period	29.09%	44.24%	-15.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	52.29%	-29.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.12%	52.29%	-29.17%

MSFY vs. BITI - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

MSFY vs. BITI - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 25.91%, more than BITI's 15.70% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.70%	1.60%	3.91%	3.33%	0.06%
MSFY Kurv Yield Premium Strategy Microsoft ETF	25.91%	18.56%	14.35%	1.94%	0.00%

Frequently Asked Questions

Can I hold both MSFY and BITI in my portfolio?

MSFY and BITI have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFY or BITI?

MSFY has higher volatility (11.85%) compared to BITI (11.73%). In terms of maximum drawdown, MSFY dropped -35.65% vs BITI's -92.16%.

Which ETF is better, MSFY or BITI?

On 1-year performance, BITI leads with 64.31% vs -23.16% for MSFY. On fees, MSFY is cheaper at 1.00% per year. On volatility, BITI has been the lower-risk option at 11.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or BITI?

Over the 1-year period, BITI has performed better with a 64.31% return vs -23.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFY or BITI?

MSFY is cheaper with a 1.00% expense ratio, compared with 1.03% for BITI.

Which ETF pays a higher dividend yield, MSFY or BITI?

MSFY has the higher dividend yield at 25.91%, compared with 15.70% for BITI.

What is the main difference between MSFY and BITI?

MSFY is categorized as Derivative Income, while BITI is Cryptocurrency. They also come from different issuers: Kurv and ProShares. Their fees differ too: 1.00% for MSFY and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.46 vs -0.80), 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.