MSFY vs. WNTR

Last updated Aug 5, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MSFY returned -12.05% vs 106.98% for WNTR. Their -0.30 correlation means they have often moved in opposite directions in the past. Both charge a 1.00% expense ratio.

Performance

MSFY vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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 WNTR's 7.92% return.

MSFY

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

WNTR

• 1D: -2.34%
• 1M: 5.36%
• 6M: 2.42%
• YTD: 7.92%
• 1Y: 106.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.62%

*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
WNTR YieldMax MSTR Short Option Income Strategy ETF	$3.95M	$3.66M	$3.95M

MSFY vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
MSFY Kurv Yield Premium Strategy Microsoft ETF	-7.56%	21.91%
WNTR YieldMax MSTR Short Option Income Strategy ETF	7.92%	52.78%

Correlation

The correlation between MSFY and WNTR is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.27
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.30

Return for Risk

MSFY vs. WNTR — 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

WNTR

WNTR Risk / Return Rank: 63
WNTR Sharpe Ratio Rank: 77
WNTR Sortino Ratio Rank: 59
WNTR Omega Ratio Rank: 63
WNTR Calmar Ratio Rank: 64
WNTR Martin Ratio Rank: 50

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. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	1.97	-2.34
Sortino ratio: Return per unit of downside risk	-0.34	2.27	-2.61
Omega ratio: Gain probability vs. loss probability	0.96	1.30	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.34	2.52	-2.86
Martin ratio: Return relative to average drawdown	-0.63	6.38	-7.01

MSFY vs. WNTR - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.37, which is lower than the WNTR Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of MSFY and WNTR, 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. WNTR - Drawdown Comparison

The maximum MSFY drawdown since its inception was -35.65%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for MSFY and WNTR.

Drawdown Indicators

	MSFY	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-42.65%	+7.00%
Max Drawdown (1Y) Largest decline over 1 year	-35.65%	-42.65%	+7.00%
Current Drawdown Current decline from peak	-14.60%	-11.95%	-2.65%
Average Drawdown Average peak-to-trough decline	-8.44%	-20.12%	+11.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.16%	16.84%	+2.32%

Volatility

MSFY vs. WNTR - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 14.28% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 13.23%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	13.23%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	27.36%	46.95%	-19.59%
Volatility (1Y) Calculated over the trailing 1-year period	32.50%	54.62%	-22.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	53.31%	-28.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	53.31%	-28.74%

MSFY vs. WNTR - Expense Ratio Comparison

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

Dividends

MSFY vs. WNTR - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 22.66%, less than WNTR's 109.83% yield.

Position	TTM	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	22.66%	18.56%	14.35%	1.94%
WNTR YieldMax MSTR Short Option Income Strategy ETF	109.83%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFY and WNTR in my portfolio?

MSFY and WNTR have a correlation of -0.27, 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 WNTR?

MSFY has higher volatility (14.28%) compared to WNTR (13.23%). In terms of maximum drawdown, MSFY dropped -35.65% vs WNTR's -42.65%.

Which ETF is better, MSFY or WNTR?

On 1-year performance, WNTR leads with 106.98% vs -12.05% for MSFY. Both ETFs have the same 1.00% expense ratio. On volatility, WNTR has been the lower-risk option at 13.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or WNTR?

Over the 1-year period, WNTR has performed better with a 106.98% 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 WNTR?

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

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

WNTR has the higher dividend yield at 109.83%, compared with 22.66% for MSFY.

What is the main difference between MSFY and WNTR?

They also come from different issuers: Kurv and YieldMax.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.97 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.