MSFY vs. XDTE

Last updated Jun 14, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MSFY returned -18.07% vs 23.13% for XDTE. A 0.59 correlation means they provide meaningful diversification when combined. MSFY charges 1.00%/yr vs 0.97%/yr for XDTE.

Performance

MSFY vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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 XDTE's 6.97% return.

MSFY

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

XDTE

• 1D: 0.65%
• 1M: -1.21%
• YTD: 6.97%
• 6M: 7.43%
• 1Y: 23.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFY vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFY Kurv Yield Premium Strategy Microsoft ETF	-22.50%	14.11%	4.15%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.97%	12.60%	17.12%

Correlation

The correlation between MSFY and XDTE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.59

The correlation between MSFY and XDTE shifts across timeframes, from 0.43 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSFY vs. XDTE — 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

XDTE

XDTE Risk / Return Rank: 68
XDTE Sharpe Ratio Rank: 68
XDTE Sortino Ratio Rank: 64
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 65
XDTE Martin Ratio Rank: 76

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	1.92	-2.61
Sortino ratio: Return per unit of downside risk	-0.80	2.55	-3.36
Omega ratio: Gain probability vs. loss probability	0.89	1.35	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.54	2.84	-3.39
Martin ratio: Return relative to average drawdown	-1.16	12.55	-13.71

MSFY vs. XDTE - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.69, which is lower than the XDTE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MSFY and XDTE, 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. XDTE - Drawdown Comparison

The maximum MSFY drawdown since its inception was -34.21%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for MSFY and XDTE.

Drawdown Indicators

	MSFY	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-19.09%	-15.12%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	-7.68%	-26.53%
Current Drawdown Current decline from peak	-28.39%	-2.36%	-26.03%
Average Drawdown Average peak-to-trough decline	-7.38%	-2.32%	-5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.96%	1.74%	+14.22%

Volatility

MSFY vs. XDTE - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 11.56% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.93%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	3.93%	+7.63%
Volatility (6M) Calculated over the trailing 6-month period	25.20%	8.88%	+16.32%
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	11.38%	+15.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	13.92%	+8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	13.92%	+8.41%

MSFY vs. XDTE - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

MSFY vs. XDTE - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 26.99%, less than XDTE's 33.43% yield.

Position	TTM	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	26.99%	18.56%	14.35%	1.94%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.43%	39.16%	20.35%	0.00%

Frequently Asked Questions

Can I hold both MSFY and XDTE in my portfolio?

MSFY and XDTE have a correlation of 0.43, 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 XDTE?

MSFY has higher volatility (11.56%) compared to XDTE (3.93%). In terms of maximum drawdown, MSFY dropped -34.21% vs XDTE's -19.09%.

Which ETF is better, MSFY or XDTE?

On 1-year performance, XDTE leads with 23.13% vs -18.07% for MSFY. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or XDTE?

Over the 1-year period, XDTE has performed better with a 23.13% 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 XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 1.00% for MSFY.

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

XDTE has the higher dividend yield at 33.43%, compared with 26.99% for MSFY.

What is the main difference between MSFY and XDTE?

They also come from different issuers: Kurv and Roundhill. Their fees differ too: 1.00% for MSFY and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.92 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.