MSFY vs. XRMI

Last updated Jun 4, 2026

MSFY (Kurv Yield Premium Strategy Microsoft ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. MSFY is actively managed, while XRMI is passively managed. Over the past year, MSFY returned -7.25% vs 9.48% for XRMI. At a 0.44 correlation, their price movements are largely independent. MSFY charges 1.00%/yr vs 0.60%/yr for XRMI.

Performance

MSFY vs. XRMI - 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 S&P 500 Risk Managed Income ETF (XRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFY achieves a -13.99% return, which is significantly lower than XRMI's 1.75% return.

MSFY

• 1D: -3.43%
• 1M: 4.37%
• YTD: -13.99%
• 6M: -12.67%
• 1Y: -7.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRMI

• 1D: -0.20%
• 1M: 1.38%
• YTD: 1.75%
• 6M: 2.96%
• 1Y: 9.48%
• 3Y*: 6.71%
• 5Y*: —
• 10Y*: —

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

MSFY vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-13.99%	14.11%	10.88%	2.57%
XRMI Global X S&P 500 Risk Managed Income ETF	1.75%	4.60%	15.18%	2.19%

Correlation

The correlation between MSFY and XRMI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.44

Return for Risk

MSFY vs. XRMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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: 7

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 51
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 55
XRMI Calmar Ratio Rank: 39
XRMI Martin Ratio Rank: 46

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. XRMI - 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 S&P 500 Risk Managed Income ETF (XRMI). 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.

	MSFY	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	1.78	-2.05
Sortino ratio: Return per unit of downside risk	-0.19	2.48	-2.68
Omega ratio: Gain probability vs. loss probability	0.97	1.35	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.21	1.90	-2.11
Martin ratio: Return relative to average drawdown	-0.47	7.70	-8.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFY vs. XRMI - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.27, which is lower than the XRMI Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of MSFY and XRMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSFY	XRMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	1.78	-2.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.37	-0.17

Drawdowns

MSFY vs. XRMI - Drawdown Comparison

The maximum MSFY drawdown since its inception was -34.21%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for MSFY and XRMI.

Drawdown Indicators

	MSFY	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-15.31%	-18.90%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	-5.02%	-29.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-20.53%	-0.20%	-20.33%
Average Drawdown Average peak-to-trough decline	-7.20%	-5.94%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.40%	1.23%	+14.17%

Volatility

MSFY vs. XRMI - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 10.84% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 0.89%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.84%	0.89%	+9.95%
Volatility (6M) Calculated over the trailing 6-month period	25.02%	4.21%	+20.81%
Volatility (1Y) Calculated over the trailing 1-year period	26.51%	5.39%	+21.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.27%	6.91%	+15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.27%	6.91%	+15.36%

MSFY vs. XRMI - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is higher than XRMI's 0.60% expense ratio.

Dividends

MSFY vs. XRMI - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 24.31%, more than XRMI's 12.62% yield.

Position	TTM	2025	2024	2023	2022	2021
MSFY Kurv Yield Premium Strategy Microsoft ETF	24.31%	18.56%	14.35%	1.94%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.62%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both MSFY and XRMI in my portfolio?

MSFY and XRMI have a correlation of 0.37, 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 XRMI?

MSFY has higher volatility (10.84%) compared to XRMI (0.89%). In terms of maximum drawdown, MSFY dropped -34.21% vs XRMI's -15.31%.

Which ETF is better, MSFY or XRMI?

On 1-year performance, XRMI leads with 9.48% vs -7.25% for MSFY. On fees, XRMI is cheaper at 0.60% per year. On volatility, XRMI has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFY or XRMI?

Over the 1-year period, XRMI has performed better with a 9.48% return vs -7.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFY or XRMI?

XRMI is cheaper with a 0.60% expense ratio, compared with 1.00% for MSFY.

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

MSFY has the higher dividend yield at 24.31%, compared with 12.62% for XRMI.

What is the main difference between MSFY and XRMI?

They also come from different issuers: Kurv and Global X. Their fees differ too: 1.00% for MSFY and 0.60% for XRMI.

Which has better risk-adjusted returns?

XRMI currently has the higher Sharpe Ratio (1.78 vs -0.27), 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.