MSFY vs. SOXY

Last updated Aug 5, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MSFY returned -12.05% vs 104.81% for SOXY. Their 0.26 correlation means their historical movements had little consistent relationship. MSFY charges 1.00%/yr vs 1.06%/yr for SOXY.

Performance

MSFY vs. SOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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 SOXY's 70.13% return.

MSFY

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

SOXY

• 1D: 6.56%
• 1M: -5.46%
• 6M: 53.12%
• YTD: 70.13%
• 1Y: 104.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.13%

*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	$332.29K	$251.71K	$274.77K
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$1.66M	$2.38M	$2.08M

MSFY vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFY Kurv Yield Premium Strategy Microsoft ETF	-7.56%	14.11%	-1.32%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	70.13%	37.00%	-0.99%

Correlation

The correlation between MSFY and SOXY 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 Dec 3, 2024	0.26

The correlation between MSFY and SOXY shifts across timeframes, from 0.09 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSFY vs. SOXY — 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

SOXY

SOXY Risk / Return Rank: 88
SOXY Sharpe Ratio Rank: 93
SOXY Sortino Ratio Rank: 83
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 86
SOXY Martin Ratio Rank: 91

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. SOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	2.62	-2.99
Sortino ratio: Return per unit of downside risk	-0.34	3.00	-3.34
Omega ratio: Gain probability vs. loss probability	0.96	1.40	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.34	3.69	-4.03
Martin ratio: Return relative to average drawdown	-0.63	16.12	-16.75

MSFY vs. SOXY - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.37, which is lower than the SOXY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of MSFY and SOXY, 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. SOXY - Drawdown Comparison

The maximum MSFY drawdown since its inception was -35.65%, which is greater than SOXY's maximum drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for MSFY and SOXY.

Drawdown Indicators

	MSFY	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-30.22%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	-35.65%	-28.56%	-7.09%
Current Drawdown Current decline from peak	-14.60%	-15.88%	+1.28%
Average Drawdown Average peak-to-trough decline	-8.44%	-5.55%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.16%	6.52%	+12.64%

Volatility

MSFY vs. SOXY - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Microsoft ETF (MSFY) is 14.28%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 19.07%. This indicates that MSFY experiences smaller price fluctuations and is considered to be less risky than SOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	19.07%	-4.79%
Volatility (6M) Calculated over the trailing 6-month period	27.36%	36.04%	-8.68%
Volatility (1Y) Calculated over the trailing 1-year period	32.50%	40.29%	-7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	39.52%	-14.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	39.52%	-14.95%

MSFY vs. SOXY - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

MSFY vs. SOXY - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 22.66%, more than SOXY's 8.76% yield.

Position	TTM	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	22.66%	18.56%	14.35%	1.94%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	8.76%	11.47%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFY and SOXY in my portfolio?

MSFY and SOXY 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 SOXY?

SOXY has higher volatility (19.07%) compared to MSFY (14.28%). In terms of maximum drawdown, MSFY dropped -35.65% vs SOXY's -30.22%.

Which ETF is better, MSFY or SOXY?

On 1-year performance, SOXY leads with 104.81% vs -12.05% for MSFY. On fees, MSFY is cheaper at 1.00% per year. On volatility, MSFY has been the lower-risk option at 14.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or SOXY?

Over the 1-year period, SOXY has performed better with a 104.81% 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 SOXY?

MSFY is cheaper with a 1.00% expense ratio, compared with 1.06% for SOXY.

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

MSFY has the higher dividend yield at 22.66%, compared with 8.76% for SOXY.

What is the main difference between MSFY and SOXY?

They also come from different issuers: Kurv and YieldMax. Their fees differ too: 1.00% for MSFY and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.62 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.