MSFY vs. SGOV

Last updated Aug 1, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. MSFY is actively managed, while SGOV is passively managed. Over the past year, MSFY returned -13.97% vs 3.83% for SGOV. Their 0.02 correlation means their historical movements had little consistent relationship. MSFY charges 1.00%/yr vs 0.09%/yr for SGOV.

Performance

MSFY vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFY achieves a -10.88% return, which is significantly lower than SGOV's 2.11% return.

MSFY

• 1D: 1.87%
• 1M: 15.01%
• 6M: 1.96%
• YTD: -10.88%
• 1Y: -13.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.47%

SGOV

• 1D: 0.02%
• 1M: 0.27%
• 6M: 1.81%
• YTD: 2.11%
• 1Y: 3.83%
• 3Y*: 4.64%
• 5Y*: 3.66%
• 10Y*: —
• ALL TIME*: 2.96%

*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)
MSFY Kurv Yield Premium Strategy Microsoft ETF	$248.37K	$216.41K	$271.72K
SGOV iShares 0-3 Month Treasury Bond ETF	$1.83B	$1.81B	$2.03B

MSFY vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-10.88%	14.11%	10.88%	2.57%
SGOV iShares 0-3 Month Treasury Bond ETF	2.11%	4.24%	5.27%	0.83%

Correlation

The correlation between MSFY and SGOV is 0.05, 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.	0.05
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	0.02

Return for Risk

MSFY vs. SGOV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSFY

MSFY Risk / Return Rank: 6
MSFY Sharpe Ratio Rank: 5
MSFY Sortino Ratio Rank: 6
MSFY Omega Ratio Rank: 5
MSFY Calmar Ratio Rank: 6
MSFY Martin Ratio Rank: 6

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	20.78	-21.24
Sortino ratio: Return per unit of downside risk	-0.48	381.82	-382.29
Omega ratio: Gain probability vs. loss probability	0.94	382.06	-381.12
Calmar ratio: Return relative to maximum drawdown	-0.42	389.90	-390.32
Martin ratio: Return relative to average drawdown	-0.77	6,177.21	-6,177.98

MSFY vs. SGOV - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.46, which is lower than the SGOV Sharpe Ratio of 20.78. The chart below compares the historical Sharpe Ratios of MSFY and SGOV, 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. SGOV - Drawdown Comparison

The maximum MSFY drawdown since its inception was -35.65%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MSFY and SGOV.

Drawdown Indicators

	MSFY	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-0.03%	-35.62%
Max Drawdown (1Y) Largest decline over 1 year	-35.65%	-0.01%	-35.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-17.66%	0.00%	-17.66%
Average Drawdown Average peak-to-trough decline	-8.42%	0.00%	-8.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.11%	0.00%	+19.11%

Volatility

MSFY vs. SGOV - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 14.33% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.33%	0.05%	+14.28%
Volatility (6M) Calculated over the trailing 6-month period	27.28%	0.13%	+27.15%
Volatility (1Y) Calculated over the trailing 1-year period	32.55%	0.19%	+32.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.55%	0.24%	+24.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.55%	0.23%	+24.32%

MSFY vs. SGOV - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

MSFY vs. SGOV - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 23.50%, more than SGOV's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MSFY Kurv Yield Premium Strategy Microsoft ETF	23.50%	18.56%	14.35%	1.94%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.43%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both MSFY and SGOV in my portfolio?

MSFY and SGOV have a correlation of 0.05, 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 SGOV?

MSFY has higher volatility (14.33%) compared to SGOV (0.05%). In terms of maximum drawdown, MSFY dropped -35.65% vs SGOV's -0.03%.

Which ETF is better, MSFY or SGOV?

On 1-year performance, SGOV leads with 3.83% vs -13.97% for MSFY. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or SGOV?

Over the 1-year period, SGOV has performed better with a 3.83% return vs -13.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFY or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 1.00% for MSFY.

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

MSFY has the higher dividend yield at 23.50%, compared with 3.43% for SGOV.

What is the main difference between MSFY and SGOV?

MSFY is categorized as Derivative Income, while SGOV is Ultrashort Bond. They also come from different issuers: Kurv and iShares. Their fees differ too: 1.00% for MSFY and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.78 vs -0.46), 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.