MSFY vs. KGLD

Last updated Jun 4, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and KGLD (Kurv Gold Enhanced Income ETF ) are both Derivative Income funds from Kurv. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. Both charge a 1.00% expense ratio.

Performance

MSFY vs. KGLD - Performance Comparison

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

Returns By Period

In the year-to-date period, MSFY achieves a -13.99% return, which is significantly lower than KGLD's 2.99% return.

MSFY

• 1D: -3.43%
• 1M: 4.37%
• YTD: -13.99%
• 6M: -12.67%
• 1Y: -7.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KGLD

• 1D: -1.05%
• 1M: -1.84%
• YTD: 2.99%
• 6M: 5.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFY vs. KGLD - Yearly Performance Comparison

	2026 (YTD)	2025
MSFY Kurv Yield Premium Strategy Microsoft ETF	-13.99%	2.04%
KGLD Kurv Gold Enhanced Income ETF	2.99%	29.75%

Correlation

The correlation between MSFY and KGLD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.06

Return for Risk

MSFY vs. KGLD — Risk / Return Rank

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

MSFY

MSFY Risk / Return Rank: 6
MSFY Sharpe Ratio Rank: 6
MSFY Sortino Ratio Rank: 6
MSFY Omega Ratio Rank: 6
MSFY Calmar Ratio Rank: 7
MSFY Martin Ratio Rank: 7

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. KGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Kurv Gold Enhanced Income ETF (KGLD). 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	KGLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	—	—
Sortino ratio: Return per unit of downside risk	-0.19	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSFY	KGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.32	-1.12

Drawdowns

MSFY vs. KGLD - Drawdown Comparison

The maximum MSFY drawdown since its inception was -34.21%, which is greater than KGLD's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for MSFY and KGLD.

Drawdown Indicators

	MSFY	KGLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-20.29%	-13.92%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	—	—
Current Drawdown Current decline from peak	-20.53%	-19.40%	-1.13%
Average Drawdown Average peak-to-trough decline	-7.20%	-6.10%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.40%	—	—

Volatility

Volatility by Period

	MSFY	KGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.51%	28.72%	-2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.27%	28.72%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.27%	28.72%	-6.45%

MSFY vs. KGLD - Expense Ratio Comparison

Both MSFY and KGLD have an expense ratio of 1.00%.

Dividends

MSFY vs. KGLD - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 24.31%, more than KGLD's 12.64% yield.

Position	TTM	2025	2024	2023
KGLD Kurv Gold Enhanced Income ETF	12.64%	4.59%	0.00%	0.00%
MSFY Kurv Yield Premium Strategy Microsoft ETF	24.31%	18.56%	14.35%	1.94%

Frequently Asked Questions

Can I hold both MSFY and KGLD in my portfolio?

MSFY and KGLD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFY or KGLD?

Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFY or KGLD?

MSFY and KGLD have the same expense ratio: 1.00% per year.

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

MSFY has the higher dividend yield at 24.31%, compared with 12.64% for KGLD.