MSFY vs. ICSH
MSFY (Kurv Yield Premium Strategy Microsoft ETF) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while ICSH is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, MSFY returned -18.07% vs 4.32% for ICSH. At a 0.05 correlation, their price movements are largely independent. MSFY charges 1.00%/yr vs 0.08%/yr for ICSH.
Performance
MSFY vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, MSFY achieves a -22.50% return, which is significantly lower than ICSH's 1.53% return.
MSFY
- 1D
- -0.42%
- 1M
- -5.08%
- YTD
- -22.50%
- 6M
- -21.30%
- 1Y
- -18.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICSH
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.53%
- 6M
- 1.81%
- 1Y
- 4.32%
- 3Y*
- 5.16%
- 5Y*
- 3.69%
- 10Y*
- 2.78%
MSFY vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSFY Kurv Yield Premium Strategy Microsoft ETF | -22.50% | 14.11% | 10.88% | 2.57% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.53% | 4.96% | 5.52% | 1.12% |
Correlation
The correlation between MSFY and ICSH is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.05 |
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Return for Risk
MSFY vs. ICSH — Risk / Return Rank
MSFY
ICSH
MSFY vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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 | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.68 | ||
| Sortino ratioReturn per unit of downside risk | -28.30 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 6.59 | -5.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 43.88 | -44.42 |
| Martin ratioReturn relative to average drawdown | -1.16 | 290.20 | -291.37 |
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Drawdowns
MSFY vs. ICSH - Drawdown Comparison
The maximum MSFY drawdown since its inception was -34.21%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for MSFY and ICSH.
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Drawdown Indicators
| MSFY | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.21% | -3.94% | -30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -34.21% | -0.10% | -34.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | -28.39% | 0.00% | -28.39% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -0.08% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 0.01% | +15.95% |
Volatility
MSFY vs. ICSH - Volatility Comparison
Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 11.56% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.13%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFY | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.56% | 0.13% | +11.43% |
Volatility (6M)Calculated over the trailing 6-month period | 25.20% | 0.29% | +24.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.90% | 0.39% | +26.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 0.48% | +21.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 1.06% | +21.27% |
MSFY vs. ICSH - Expense Ratio Comparison
MSFY has a 1.00% expense ratio, which is higher than ICSH's 0.08% expense ratio.
Dividends
MSFY vs. ICSH - Dividend Comparison
MSFY's dividend yield for the trailing twelve months is around 26.99%, more than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
MSFY Kurv Yield Premium Strategy Microsoft ETF | 26.99% | 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 ICSH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFY has higher volatility (11.56%) compared to ICSH (0.13%). In terms of maximum drawdown, MSFY dropped -34.21% vs ICSH's -3.94%.
On 1-year performance, ICSH leads with 4.32% vs -18.07% for MSFY. On fees, ICSH is cheaper at 0.08% per year. On volatility, ICSH has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICSH has performed better with a 4.32% return vs -18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICSH is cheaper with a 0.08% expense ratio, compared with 1.00% for MSFY.
MSFY has the higher dividend yield at 26.99%, compared with 4.34% for ICSH.
MSFY is categorized as Derivative Income, while ICSH is Ultrashort Bond. They also come from different issuers: Kurv and iShares. Their fees differ too: 1.00% for MSFY and 0.08% for ICSH.
ICSH currently has the higher Sharpe Ratio (10.98 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.
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