Kurv Yield Premium Strategy Microsoft ETF (MSFY) Performance
MSFY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.9% since Dec 31, 2025
- 1 year
- −5.7% total return
- Since first price
- +33.4% since 2023
MSFY trailing returns vs SPY, QQQ, AGG
| Period | MSFY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.3% | +4.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +31.5% | +27.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +18.9% | +11.7% | +7.8% | +8.4% | −1.5% |
| YTD | −0.9% | −12.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.7% | −21.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 31, 2023 | +33.4% | −15.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSFY vs SPY
From Oct 31, 2023: MSFY grew to $13,341, SPY to $18,843.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSFY returns by calendar year
2 of 2 full years positive. Best 2025 (+14.1%), worst 2024 (+10.9%). 2026 is year to date.
MSFY annual returns table
| Year | MSFY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.9% | −30.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.1% | −18.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.9% | −13.6% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSFY largest drawdowns
Now 8.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 28, 2025 | −35.6% | Jun 25, 2026 | not yet | 8 months | 12 months so far |
| Jul 5, 2024 | −19.4% | Apr 8, 2025 | Jun 4, 2025 | 9 months | 11 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSFY risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +9.4% |
| Volatility (annualized) | 25.7% |
| Sharpe ratio | 0.31 |
| Sortino ratio | 0.47 |
| Best month | +20.6% |
| Worst month | −18.2% |
| Best 12 months | +24.7% |
| Worst 12 months | −24.9% |
| Positive months | 60% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSFY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −24.9% | +1.2% | +24.7% | 56% |
| 3-year (a year) | 1 | +10.1% | +10.1% | +10.1% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MSFY performance overview
Kurv Yield Premium Strategy Microsoft ETF (MSFY) returned −5.7% over the past year, with distributions reinvested. Since its first recorded price on Oct 31, 2023 it has returned +33.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.6%, from Oct 28, 2025 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 25.7% a year.
Related: MSFY chart, MSFY dividends. See the MSFY overview for the latest quote and fund facts.
MSFY performance FAQ
What is the MSFY return over the past year?
MSFY returned −5.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 21.9%.
How much would $10,000 invested in MSFY be worth?
$10,000 invested in MSFY at its first recorded close on October 31, 2023 would be worth about $13,341 on October 23, 2026 with distributions reinvested.
What was the worst year for MSFY?
The worst calendar year was 2024, with a total return of +10.9%. The best was 2025 at +14.1%.
What is the biggest drawdown of MSFY?
The largest peak-to-trough decline was −35.6% between October 28, 2025 and June 25, 2026. It has not yet recovered to that high; it is 8.5% below its peak.
How volatile is MSFY?
Over the past history MSFY had an annualized volatility of 25.7% and a Sharpe ratio of 0.31 (excess return over 1–3 month T-bills per unit of risk).