FOF vs MPAY
Cohen & Steers Closed-End Opportunity Fund Inc. vs Akros Monthly Payout ETF
Which is better, FOF or MPAY?
Each has led over a different period.
MPAY has a lower expense ratio. FOF led over the full window, MPAY over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FOF | MPAY |
|---|---|---|
| Expense Ratio | 0.95% | 0.56%Best |
| AUM | $355M | $2M |
| Dividend Yield | 8.21% | 7.15% |
| Holdings | 106 | 63 |
| Volatility (annualized) | 21.5% | 10.9%Best |
| Max Drawdown | -21.9% | -15.7%Best |
| $10,000 over 3 years | $12,791Best | $10,012 |
| Fund Family | Cohen & Steers Funds | Akros |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Nov 20, 2006 | May 5, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FOF has data through Oct 14, 2026 and MPAY through Apr 22, 2025.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: May 6, 2022 to Apr 22, 2025 (3 years).
Risk: Volatility and Drawdowns
FOF has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 10.9% for MPAY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.9% for FOF and -15.7% for MPAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FOF charges 0.95% per year while MPAY charges 0.56%. On a $10,000 position that is $95 vs $56 annually, a gap of $39 per year that compounds over a long holding period. On income, FOF currently yields 8.21% against 7.15% for MPAY.
You are not choosing between two funds in isolation.
Whichever of FOF and MPAY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FOF or MPAY?
FOF has an expense ratio of 0.95% while MPAY charges 0.56%. MPAY is the cheaper option, by $39 a year on a $10,000 investment.
Which is riskier, FOF or MPAY?
FOF has been the more volatile fund at 21.5% annualized versus 10.9% for MPAY. Worst drawdown: FOF -21.9% vs MPAY -15.7%.
Should I hold both FOF and MPAY?
FOF and MPAY have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FOF or MPAY?
FOF yields 8.21% while MPAY yields 7.15%, so FOF currently pays the higher dividend yield.
Is MPAY better than FOF?
MPAY has a lower expense ratio. FOF led over the full window, MPAY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.