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ETFs

YieldMax MSFT Option Income Strategy ETF

MSFO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 24 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
—
AUM
$7,987,080
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
48.31%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
48.27%
n/a
MICROSOF CLL OPT 11/23 310
5.93%
n/a
Cash & Other
0.50%
n/a
MICROSOF CLL OPT 09/23 332.500
-0.06%
n/a
MSFT 11/17/2023 310.01 P
-2.95%
Invest with MSFO

What is MSFO?

The YieldMax MSFT Option Income Strategy ETF (MSFO) is an actively managed fund that seeks to generate monthly income by selling/writing call options on MSFT. MSFO pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of MSFT.

ETFs related toMSFO

ETFs correlated to MSFO include MSFU, FNGO, BULZ

MSFO
Tidal Trust II - YieldMax MSFT Option Income Strategy ETF
MSFU
Direxion Shares ETF Trust - Direxion Daily MSFT Bull 1.5X Shares
FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
FNGS
Bank of Montreal - MicroSectors FANG ETNs
QQH
Northern Lights Fund Trust III - HCM Defender 100 Index ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MSFO is a US Equities ETF. The YieldMax MSFT Option Income Strategy ETF (MSFO) is an actively managed fund that seeks to generate monthly income by selling/writing call options on MSFT. MSFO pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of MSFT.

Yes, MSFO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MSFO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MSFO is %. This is the percent change in the value of MSFO over the most recent 1-month period. The 3-month return on MSFO is %. This is the percent change in the value of MSFO over the most recent 3-month period.

ETFs similar to MSFO include XLI, XLY, and XLV.

ETFs correlated to MSFO include MSFU, FNGO, and BULZ.

ETFs that are inversely correlated to MSFO include FNGD, BERZ, and QID.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.