MSFY vs. KGLD

Last updated Aug 5, 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. Over the past year, MSFY returned -12.05% vs 18.82% for KGLD. Their 0.08 correlation means their historical movements had little consistent relationship. 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 -7.56% return, which is significantly lower than KGLD's -6.17% return.

MSFY

• 1D: 1.12%
• 1M: 19.29%
• 6M: 11.06%
• YTD: -7.56%
• 1Y: -12.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.86%

KGLD

• 1D: 0.46%
• 1M: -1.24%
• 6M: -19.34%
• YTD: -6.17%
• 1Y: 18.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KGLD Kurv Gold Enhanced Income ETF	$3.16M	$2.49M	$2.67M
MSFY Kurv Yield Premium Strategy Microsoft ETF	$332.29K	$251.71K	$274.77K

MSFY vs. KGLD - Yearly Performance Comparison

	2026 (YTD)	2025
MSFY Kurv Yield Premium Strategy Microsoft ETF	-7.56%	1.77%
KGLD Kurv Gold Enhanced Income ETF	-6.17%	29.75%

Correlation

The correlation between MSFY and KGLD is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.08

Return for Risk

MSFY vs. KGLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 6

KGLD

KGLD Risk / Return Rank: 24
KGLD Sharpe Ratio Rank: 26
KGLD Sortino Ratio Rank: 25
KGLD Omega Ratio Rank: 28
KGLD Calmar Ratio Rank: 21
KGLD Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	KGLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	0.65	-1.02
Sortino ratio: Return per unit of downside risk	-0.34	0.99	-1.33
Omega ratio: Gain probability vs. loss probability	0.96	1.15	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.34	0.67	-1.01
Martin ratio: Return relative to average drawdown	-0.63	1.41	-2.04

MSFY vs. KGLD - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.37, which is lower than the KGLD Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of MSFY and KGLD, 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. KGLD - Drawdown Comparison

The maximum MSFY drawdown since its inception was -35.65%, which is greater than KGLD's maximum drawdown of -28.32%. 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	-35.65%	-28.32%	-7.33%
Max Drawdown (1Y) Largest decline over 1 year	-35.65%	-28.32%	-7.33%
Current Drawdown Current decline from peak	-14.60%	-26.56%	+11.96%
Average Drawdown Average peak-to-trough decline	-8.44%	-9.11%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.16%	13.40%	+5.76%

Volatility

MSFY vs. KGLD - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 14.28% compared to Kurv Gold Enhanced Income ETF (KGLD) at 5.89%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than KGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	KGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	5.89%	+8.39%
Volatility (6M) Calculated over the trailing 6-month period	27.36%	21.33%	+6.03%
Volatility (1Y) Calculated over the trailing 1-year period	32.50%	29.15%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	28.30%	-3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	28.30%	-3.73%

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 22.66%, more than KGLD's 15.38% yield.

Position	TTM	2025	2024	2023
KGLD Kurv Gold Enhanced Income ETF	15.38%	4.59%	0.00%	0.00%
MSFY Kurv Yield Premium Strategy Microsoft ETF	22.66%	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 0.09, 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 KGLD?

MSFY has higher volatility (14.28%) compared to KGLD (5.89%). In terms of maximum drawdown, MSFY dropped -35.65% vs KGLD's -28.32%.

Which ETF is better, MSFY or KGLD?

On 1-year performance, KGLD leads with 18.82% vs -12.05% for MSFY. Both ETFs have the same 1.00% expense ratio. On volatility, KGLD has been the lower-risk option at 5.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or KGLD?

Over the 1-year period, KGLD has performed better with a 18.82% return vs -12.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 22.66%, compared with 15.38% for KGLD.

Which has better risk-adjusted returns?

KGLD currently has the higher Sharpe Ratio (0.65 vs -0.37), 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.