MSFY vs. BWET

Last updated Jul 17, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. MSFY is actively managed, while BWET is passively managed. Over the past year, MSFY returned -20.12% vs 1898.00% for BWET. At a correlation of -0.06, they often move in opposite directions. MSFY charges 1.00%/yr vs 3.50%/yr for BWET.

Performance

MSFY vs. BWET - Performance Comparison

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

Returns By Period

In the year-to-date period, MSFY achieves a -20.24% return, which is significantly lower than BWET's 1,090.11% return.

MSFY

• 1D: 1.59%
• 1M: 1.83%
• 6M: -14.69%
• YTD: -20.24%
• 1Y: -20.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: -0.33%
• 1M: 17.22%
• 6M: 619.17%
• YTD: 1,090.11%
• 1Y: 1,898.00%
• 3Y*: 125.74%
• 5Y*: —
• 10Y*: —

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

MSFY vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-20.24%	14.11%	10.88%	2.57%
BWET Breakwave Tanker Shipping ETF	1,090.11%	96.22%	-39.21%	-6.27%

Correlation

The correlation between MSFY and BWET is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	-0.06

Return for Risk

MSFY vs. BWET — Risk / Return Rank

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

MSFY

MSFY Risk / Return Rank: 4
MSFY Sharpe Ratio Rank: 4
MSFY Sortino Ratio Rank: 4
MSFY Omega Ratio Rank: 4
MSFY Calmar Ratio Rank: 5
MSFY Martin Ratio Rank: 4

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 98
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

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. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Breakwave Tanker Shipping ETF (BWET). 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	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	17.89	-18.58
Sortino ratio: Return per unit of downside risk	-0.81	6.15	-6.97
Omega ratio: Gain probability vs. loss probability	0.89	1.89	-1.00
Calmar ratio: Return relative to maximum drawdown	-0.57	46.63	-47.20
Martin ratio: Return relative to average drawdown	-1.10	176.08	-177.18

MSFY vs. BWET - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.69, which is lower than the BWET Sharpe Ratio of 17.89. The chart below compares the historical Sharpe Ratios of MSFY and BWET, 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. BWET - Drawdown Comparison

The maximum MSFY drawdown since its inception was -35.65%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for MSFY and BWET.

Drawdown Indicators

	MSFY	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-56.90%	+21.25%
Max Drawdown (1Y) Largest decline over 1 year	-35.65%	-41.22%	+5.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-26.31%	-10.91%	-15.40%
Average Drawdown Average peak-to-trough decline	-8.12%	-23.65%	+15.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.27%	10.89%	+7.38%

Volatility

MSFY vs. BWET - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Microsoft ETF (MSFY) is 12.00%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 48.58%. This indicates that MSFY experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.00%	48.58%	-36.58%
Volatility (6M) Calculated over the trailing 6-month period	27.59%	96.67%	-69.08%
Volatility (1Y) Calculated over the trailing 1-year period	29.28%	107.50%	-78.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.17%	74.64%	-51.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.17%	74.64%	-51.47%

MSFY vs. BWET - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

MSFY vs. BWET - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 26.26%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%
MSFY Kurv Yield Premium Strategy Microsoft ETF	26.26%	18.56%	14.35%	1.94%

Frequently Asked Questions

Can I hold both MSFY and BWET in my portfolio?

MSFY and BWET have a correlation of -0.14, 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 BWET?

BWET has higher volatility (48.58%) compared to MSFY (12.00%). In terms of maximum drawdown, MSFY dropped -35.65% vs BWET's -56.90%.

Which ETF is better, MSFY or BWET?

On 1-year performance, BWET leads with 1898.00% vs -20.12% for MSFY. On fees, MSFY is cheaper at 1.00% per year. On volatility, MSFY has been the lower-risk option at 12.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or BWET?

Over the 1-year period, BWET has performed better with a 1898.00% return vs -20.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFY or BWET?

MSFY is cheaper with a 1.00% expense ratio, compared with 3.50% for BWET.

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

MSFY has the higher dividend yield at 26.26%, compared with 0.00% for BWET.

What is the main difference between MSFY and BWET?

MSFY is categorized as Derivative Income, while BWET is Commodities. They also come from different issuers: Kurv and Amplify. Their fees differ too: 1.00% for MSFY and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (17.89 vs -0.69), 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.