MSFY vs. MSFO

Last updated Apr 1, 2026

Compare and contrast key facts about Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax MSFT Option Income Strategy ETF (MSFO).

MSFY and MSFO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFY is an actively managed fund by Kurv. It was launched on Oct 30, 2023. MSFO is an actively managed fund by YieldMax. It was launched on Aug 24, 2023.

Performance

MSFY vs. MSFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax MSFT Option Income Strategy ETF (MSFO). The values are adjusted to include any dividend payments, if applicable.

MSFY vs. MSFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	-26.14%	14.11%	10.88%	2.57%
MSFO YieldMax MSFT Option Income Strategy ETF	-20.13%	15.69%	10.34%	6.80%

Returns By Period

In the year-to-date period, MSFY achieves a -26.14% return, which is significantly lower than MSFO's -20.13% return.

MSFY

• 1D: 3.28%
• 1M: -6.69%
• YTD: -26.14%
• 6M: -28.37%
• 1Y: -6.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFO

• 1D: 3.31%
• 1M: -5.14%
• YTD: -20.13%
• 6M: -23.41%
• 1Y: 0.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFY vs. MSFO - Expense Ratio Comparison

MSFY has a 1.00% expense ratio, which is higher than MSFO's 0.99% expense ratio.

MSFY

Kurv Yield Premium Strategy Microsoft ETF

MSFO

YieldMax MSFT Option Income Strategy ETF

Return for Risk

MSFY vs. MSFO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFY

MSFY Risk / Return Rank: 8
MSFY Sharpe Ratio Rank: 7
MSFY Sortino Ratio Rank: 7
MSFY Omega Ratio Rank: 7
MSFY Calmar Ratio Rank: 9
MSFY Martin Ratio Rank: 7

MSFO

MSFO Risk / Return Rank: 13
MSFO Sharpe Ratio Rank: 13
MSFO Sortino Ratio Rank: 14
MSFO Omega Ratio Rank: 14
MSFO Calmar Ratio Rank: 12
MSFO Martin Ratio Rank: 12

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. MSFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Microsoft ETF (MSFY) and YieldMax MSFT Option Income Strategy ETF (MSFO). 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	MSFO	Difference
Sharpe ratio Return per unit of total volatility	-0.25	0.04	-0.29
Sortino ratio Return per unit of downside risk	-0.17	0.22	-0.39
Omega ratio Gain probability vs. loss probability	0.97	1.03	-0.06
Calmar ratio Return relative to maximum drawdown	-0.22	-0.00	-0.22
Martin ratio Return relative to average drawdown	-0.63	-0.00	-0.63
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. MSFO - Sharpe Ratio Comparison

The current MSFY Sharpe Ratio is -0.25, which is lower than the MSFO Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of MSFY and MSFO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSFY	MSFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.04	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.40	-0.48

Correlation

The correlation between MSFY and MSFO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSFY vs. MSFO - Dividend Comparison

MSFY's dividend yield for the trailing twelve months is around 28.28%, less than MSFO's 44.19% yield.

	TTM	2025	2024	2023
MSFY Kurv Yield Premium Strategy Microsoft ETF	28.28%	18.56%	14.35%	1.94%
MSFO YieldMax MSFT Option Income Strategy ETF	44.19%	33.91%	35.15%	6.44%

Drawdowns

MSFY vs. MSFO - Drawdown Comparison

The maximum MSFY drawdown since its inception was -34.21%, which is greater than MSFO's maximum drawdown of -29.29%. Use the drawdown chart below to compare losses from any high point for MSFY and MSFO.

Drawdown Indicators

	MSFY	MSFO	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-29.29%	-4.92%
Max Drawdown (1Y) Largest decline over 1 year	-34.21%	-29.29%	-4.92%
Current Drawdown Current decline from peak	-31.76%	-26.82%	-4.94%
Average Drawdown Average peak-to-trough decline	-5.99%	-5.72%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.69%	10.45%	+1.24%

Volatility

MSFY vs. MSFO - Volatility Comparison

Kurv Yield Premium Strategy Microsoft ETF (MSFY) has a higher volatility of 7.32% compared to YieldMax MSFT Option Income Strategy ETF (MSFO) at 5.94%. This indicates that MSFY's price experiences larger fluctuations and is considered to be riskier than MSFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFY	MSFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	5.94%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	20.94%	16.67%	+4.27%
Volatility (1Y) Calculated over the trailing 1-year period	25.82%	22.29%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.94%	19.15%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.94%	19.15%	+1.79%