MSFY vs. SHLD

Last updated Jun 13, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - MSFY is a Derivative Income fund actively managed by Kurv, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. MSFY is actively managed, while SHLD is passively managed. Over the past year, MSFY returned -18.07% vs 8.26% for SHLD. At a 0.26 correlation, their price movements are largely independent. MSFY charges 1.00%/yr vs 0.50%/yr for SHLD.

Performance

MSFY vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Global X Defense Tech ETF (SHLD). 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 SHLD's -1.50% return.

MSFY

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

SHLD

• 1D: -2.04%
• 1M: -0.44%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFY vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-22.50%	14.11%	10.88%	2.57%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	4.88%

Correlation

The correlation between MSFY and SHLD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	0.26

Return for Risk

MSFY vs. SHLD — 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

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	0.43	-1.12
Sortino ratio: Return per unit of downside risk	-0.80	0.78	-1.58
Omega ratio: Gain probability vs. loss probability	0.89	1.09	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.54	0.52	-1.06
Martin ratio: Return relative to average drawdown	-1.16	1.28	-2.45

MSFY vs. SHLD - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.69, which is lower than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of MSFY and SHLD, 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. SHLD - Drawdown Comparison

The maximum MSFY drawdown since its inception was -34.21%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for MSFY and SHLD.

Drawdown Indicators

	MSFY	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-20.10%	-14.11%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	-20.10%	-14.11%
Current Drawdown Current decline from peak	-28.39%	-18.20%	-10.19%
Average Drawdown Average peak-to-trough decline	-7.38%	-3.34%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.96%	8.12%	+7.84%

Volatility

MSFY vs. SHLD - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 11.56% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	9.05%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	25.20%	19.94%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	24.55%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	21.29%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	21.29%	+1.04%

MSFY vs. SHLD - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

MSFY vs. SHLD - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 26.99%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	26.99%	18.56%	14.35%	1.94%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both MSFY and SHLD in my portfolio?

MSFY and SHLD have a correlation of 0.26, 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 SHLD?

MSFY has higher volatility (11.56%) compared to SHLD (9.05%). In terms of maximum drawdown, MSFY dropped -34.21% vs SHLD's -20.10%.

Which ETF is better, MSFY or SHLD?

On 1-year performance, SHLD leads with 8.26% vs -18.07% for MSFY. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or SHLD?

Over the 1-year period, SHLD has performed better with a 8.26% 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 SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 1.00% for MSFY.

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

MSFY has the higher dividend yield at 26.99%, compared with 0.56% for SHLD.

What is the main difference between MSFY and SHLD?

MSFY is categorized as Derivative Income, while SHLD is Aerospace & Defense. They also come from different issuers: Kurv and Global X. Their fees differ too: 1.00% for MSFY and 0.50% for SHLD.

Which has better risk-adjusted returns?

SHLD currently has the higher Sharpe Ratio (0.43 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.