MSFY vs. FDL
MSFY (Kurv Yield Premium Strategy Microsoft ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. MSFY is actively managed, while FDL is passively managed. Over the past year, MSFY returned -7.25% vs 23.67% for FDL. At a 0.02 correlation, their price movements are largely independent. MSFY charges 1.00%/yr vs 0.45%/yr for FDL.
Performance
MSFY vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, MSFY achieves a -13.99% return, which is significantly lower than FDL's 13.33% return.
MSFY
- 1D
- -3.43%
- 1M
- 4.37%
- YTD
- -13.99%
- 6M
- -12.67%
- 1Y
- -7.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.26%
- 1M
- -0.26%
- YTD
- 13.33%
- 6M
- 14.76%
- 1Y
- 23.67%
- 3Y*
- 18.97%
- 5Y*
- 12.51%
- 10Y*
- 11.24%
MSFY vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSFY Kurv Yield Premium Strategy Microsoft ETF | -13.99% | 14.11% | 10.88% | 2.57% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 13.33% | 14.79% | 17.98% | 9.54% |
Correlation
The correlation between MSFY and FDL 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 7, 2023 | 0.02 |
The correlation between MSFY and FDL shifts across timeframes, from -0.14 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFY vs. FDL — Risk / Return Rank
MSFY
FDL
MSFY vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
| MSFY | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 5.56 | -5.78 |
| Martin ratioReturn relative to average drawdown | -0.47 | 13.56 | -14.03 |
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
| MSFY | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 2.11 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.45 | -0.25 |
Drawdowns
MSFY vs. FDL - Drawdown Comparison
The maximum MSFY drawdown since its inception was -34.21%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for MSFY and FDL.
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Drawdown Indicators
| MSFY | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.21% | -65.93% | +31.72% |
Max Drawdown (1Y)Largest decline over 1 year | -34.21% | -4.27% | -29.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -20.53% | -2.18% | -18.35% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -9.66% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.40% | 1.75% | +13.65% |
Volatility
MSFY vs. FDL - Volatility Comparison
Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 10.84% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.85%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFY | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 2.85% | +7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 25.02% | 7.87% | +17.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 11.28% | +15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 14.31% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 17.11% | +5.16% |
MSFY vs. FDL - Expense Ratio Comparison
MSFY has a 1.00% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
MSFY vs. FDL - Dividend Comparison
MSFY's dividend yield for the trailing twelve months is around 24.31%, more than FDL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.68% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | 24.31% | 18.56% | 14.35% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSFY and FDL 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.
MSFY has higher volatility (10.84%) compared to FDL (2.85%). In terms of maximum drawdown, MSFY dropped -34.21% vs FDL's -65.93%.
On 1-year performance, FDL leads with 23.67% vs -7.25% for MSFY. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDL has performed better with a 23.67% return vs -7.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 1.00% for MSFY.
MSFY has the higher dividend yield at 24.31%, compared with 3.68% for FDL.
MSFY is categorized as Derivative Income, while FDL is Large Cap Value Equities. They also come from different issuers: Kurv and First Trust. Their fees differ too: 1.00% for MSFY and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.11 vs -0.27), 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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