MSFO vs PNOV
YieldMax Microsoft Option Income Strategy ETF vs Innovator US Equity Power Buffer ETF - November
Which is better, MSFO or PNOV?
Each has led over a different period.
PNOV has a lower expense ratio. MSFO led over 3Y and the full window, PNOV 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 | MSFO | PNOV |
|---|---|---|
| Expense Ratio | 1.03% | 0.79%Best |
| AUM | $87M | $838M |
| Dividend Yield | 38.50% | 0.00% |
| Holdings | 30 | 18 |
| YTD Return | +10.80%Best | +9.87% |
| 1Y Return | +4.00% | +11.76%Best |
| 3Y Return (annualized) | +16.27%Best | +11.02% |
| 5Y Return (annualized) | - | +8.54% |
| Volatility (annualized) | 23.3% | 6.6%Best |
| Max Drawdown | -29.6% | -10.3%Best |
| $10,000 over 3.1 years | $16,300Best | $13,559 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 24, 2023 | Oct 31, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 25, 2023 to Oct 14, 2026 (3.1 years).
MSFO vs PNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
MSFO vs PNOV Performance
YieldMax Microsoft Option Income Strategy ETF (MSFO) is an ETF from YieldMax ETF and Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust. Over the past year MSFO returned +4.00% while PNOV returned +11.76%. Year to date, MSFO is up 10.80% versus a gain of 9.87% for PNOV.
Over three years, MSFO compounded at +16.27% per year against +11.02% for PNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFO has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 6.6% for PNOV. 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 -29.6% for MSFO and -10.3% for PNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MSFO charges 1.03% per year while PNOV charges 0.79%. On a $10,000 position that is $103 vs $79 annually, a gap of $24 per year that compounds over a long holding period. On income, MSFO currently yields 38.50% against 0.00% for PNOV.
You are not choosing between two funds in isolation.
Whichever of MSFO and PNOV 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, MSFO or PNOV?
MSFO has an expense ratio of 1.03% while PNOV charges 0.79%. PNOV is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, MSFO or PNOV?
Over the past year MSFO returned +4.00% vs +11.76% for PNOV, so PNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSFO or PNOV?
MSFO has been the more volatile fund at 23.3% annualized versus 6.6% for PNOV. Worst drawdown: MSFO -29.6% vs PNOV -10.3%.
Should I hold both MSFO and PNOV?
MSFO and PNOV have a monthly-return correlation of 0.48, 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, MSFO or PNOV?
MSFO yields 38.50% while PNOV yields 0.00%, so MSFO currently pays the higher dividend yield.
Is PNOV better than MSFO?
PNOV has a lower expense ratio. MSFO led over 3Y and the full window, PNOV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.