MSFY vs. GSIB

Last updated Jun 13, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while GSIB is a Financials Equities fund actively managed by Themes. Both are actively managed. Over the past year, MSFY returned -18.07% vs 47.83% for GSIB. At a 0.28 correlation, their price movements are largely independent. MSFY charges 1.00%/yr vs 0.35%/yr for GSIB.

Performance

MSFY vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Themes Global Systemically Important Banks ETF (GSIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFY achieves a -22.50% return, which is significantly lower than GSIB's 13.98% return.

MSFY

• 1D: -0.42%
• 1M: -5.08%
• YTD: -22.50%
• 6M: -21.30%
• 1Y: -18.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSIB

• 1D: 1.92%
• 1M: 6.99%
• YTD: 13.98%
• 6M: 16.88%
• 1Y: 47.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFY vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-22.50%	14.11%	10.88%	2.99%
GSIB Themes Global Systemically Important Banks ETF	13.98%	61.67%	32.86%	1.75%

Correlation

The correlation between MSFY and GSIB is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.28

Return for Risk

MSFY vs. GSIB — 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

GSIB

GSIB Risk / Return Rank: 81
GSIB Sharpe Ratio Rank: 89
GSIB Sortino Ratio Rank: 89
GSIB Omega Ratio Rank: 83
GSIB Calmar Ratio Rank: 74
GSIB Martin Ratio Rank: 71

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. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Themes Global Systemically Important Banks ETF (GSIB). 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	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	2.59	-3.28
Sortino ratio: Return per unit of downside risk	-0.80	3.58	-4.38
Omega ratio: Gain probability vs. loss probability	0.89	1.43	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.54	3.28	-3.82
Martin ratio: Return relative to average drawdown	-1.16	11.54	-12.70

MSFY vs. GSIB - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.69, which is lower than the GSIB Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of MSFY and GSIB, 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. GSIB - Drawdown Comparison

The maximum MSFY drawdown since its inception was -34.21%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for MSFY and GSIB.

Drawdown Indicators

	MSFY	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-17.71%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	-13.90%	-20.31%
Current Drawdown Current decline from peak	-28.39%	0.00%	-28.39%
Average Drawdown Average peak-to-trough decline	-7.38%	-2.05%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.96%	3.94%	+12.02%

Volatility

MSFY vs. GSIB - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 11.56% compared to Themes Global Systemically Important Banks ETF (GSIB) at 5.59%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	5.59%	+5.97%
Volatility (6M) Calculated over the trailing 6-month period	25.20%	14.41%	+10.79%
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	17.63%	+9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	18.51%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	18.51%	+3.82%

MSFY vs. GSIB - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is higher than GSIB's 0.35% expense ratio.

Dividends

MSFY vs. GSIB - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 26.99%, more than GSIB's 1.67% yield.

Position	TTM	2025	2024	2023
GSIB Themes Global Systemically Important Banks ETF	1.67%	1.91%	1.67%	0.00%
MSFY Kurv Yield Premium Strategy Microsoft ETF	26.99%	18.56%	14.35%	1.94%

Frequently Asked Questions

Can I hold both MSFY and GSIB in my portfolio?

MSFY and GSIB have a correlation of 0.28, 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 GSIB?

MSFY has higher volatility (11.56%) compared to GSIB (5.59%). In terms of maximum drawdown, MSFY dropped -34.21% vs GSIB's -17.71%.

Which ETF is better, MSFY or GSIB?

On 1-year performance, GSIB leads with 47.83% vs -18.07% for MSFY. On fees, GSIB is cheaper at 0.35% per year. On volatility, GSIB has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or GSIB?

Over the 1-year period, GSIB has performed better with a 47.83% return vs -18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFY or GSIB?

GSIB is cheaper with a 0.35% expense ratio, compared with 1.00% for MSFY.

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

MSFY has the higher dividend yield at 26.99%, compared with 1.67% for GSIB.

What is the main difference between MSFY and GSIB?

MSFY is categorized as Derivative Income, while GSIB is Financials Equities. They also come from different issuers: Kurv and Themes. Their fees differ too: 1.00% for MSFY and 0.35% for GSIB.

Which has better risk-adjusted returns?

GSIB currently has the higher Sharpe Ratio (2.59 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.