ACYQ vs MSFO: Grades, Fees and Holdings Compared

FT Vest Autocallable Barrier & High Income ETF

ACYQANYSE Arca

YieldMax MSFT Option Income Strategy ETF

MSFOBNYSE Arca

Overlap

0.0%by weight

Expense ratio

ACYQ −0.28pt a year

ACYQ0.75%MSFO1.03%

Avg volume · 30D

ACYQ 1.1×the volume

ACYQ98KMSFO85.9K

ACYQ vs MSFO Performance

Jul 31, 2026 – Oct 28, 2026

+6.6%ACYQ+13.9%MSFO

Expense ratio: ACYQ 0.75%, better; MSFO 1.03%
Fund size: ACYQ $102M; MSFO $98M
1Y total return: ACYQ No data; MSFO +2.0%
Yield (12M): ACYQ No data; MSFO 37.70%
Holdings: ACYQ 7; MSFO 9
Avg volume (30D): ACYQ 98K sh, better; MSFO 85.9K sh
NAV per share: ACYQ $20.20; MSFO $12.31
52W range

ETF.net Grade

ACYQ as of Oct 28, 2026

Pillar letters and Scores for ACYQ, MSFO, with each pillar’s weight
Pillar	ACYQ	MSFO
Cost30% weight	A99Higher	C49
Mission25% weight	Not scored	A70
Risk15% weight	A96Higher	B69
Tradability15% weight	B55	A70Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	B66	A83Higher

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. ACYQ and MSFO are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds

See all 71 ›

ACYQ ranks 2nd and MSFO 8th of 71 funds in the Single-Stock Option Income Category.

Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
Rank 8BJPOYieldMax JP Option Income Strategy ETFScore 63
Rank 8BMSFOYieldMax MSFT Option Income Strategy ETFScore 63
Rank 8BMSFYKurv Yield Premium Strategy Microsoft (MSFT) ETFScore 63

Our read on each fund

ETF.net Research

ACYQAFT Vest Autocallable Barrier & High Income ETF

MSFOBYieldMax MSFT Option Income Strategy ETF

In short

ACYQ No data

MSFO The YieldMax option-income machine pointed at Microsoft rather than a volatility lottery ticket. MSFO sells calls or call spreads on MSFT, putting current income first and share-price participation second.

Stated mandate

ACYQ No data

MSFO The Fund seeks current income and secondary exposure to the share price of Microsoft Corp. (MSFT), using an actively managed strategy that sells call options or call spreads on MSFT to generate weekly income.

Why people hold it

ACYQ No data

MSFO Blue-chip engine: an actively managed overlay selling calls or call spreads on MSFT, built for current income with Microsoft price exposure as the secondary goal.yieldmaxetfs.com
Call spreads are on the menu, not just plain short calls, so the manager can leave room for some MSFT upside instead of selling it all away at one strike.yieldmaxetfs.com
Fee of 1.03% a year sits in the same neighborhood as single-stock income siblings like TSMY and BRKC.
One of the stronger implementations in a crowded single-stock option-income group, and it has been running since 2023.

Worth knowing

ACYQ No data

MSFO No Microsoft shares in the box. The exposure is assembled with options, so no dividend or vote, and the short calls trim how much of a big MSFT rally comes through.
Income rides option premium, so payouts move around with MSFT's options market, and MSFT's declines still flow straight to you.yieldmaxetfs.com
1.03% a year is many times what a plain index fund charges. That is the cost of an active options desk rather than a rules-based tracker.

Full ACYQ profile⁠

Full MSFO profile⁠

ACYQ vs MSFO Holdings

As of Oct 28, 2026

How ACYQ and MSFO differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ACYQ and 0.0% of MSFO.

Level by level

Holdings0 in both0.0%

Sector

No Sector split for ACYQ and MSFO.

Country, concentration and asset class

Country by domicile

No country split for ACYQ.

Concentration

Weight in the 10 largest Holdings

ACYQ100.0%
MSFO102.0%

Securities held

ACYQ6
MSFO8

Asset class

ACYQ: Multi-Asset
MSFO: Alternatives

Holdings

Only in ACYQ6
In both0
Only in MSFO8

Only in ACYQ

6 securities, 98.4% of ACYQ by weight

U.S. Treasury Bill, 0%, due 11/27/202633.26%
U.S. Treasury Bill, 0%, due 12/31/202632.26%
U.S. Treasury Bill, 0%, due 10/29/202631.90%
U.S. Treasury Bill, 0%, due 01/28/20270.64%
ACYQ Autocall Derivative JPMorgan0.18%
ACYQ Autocall Derivative BNP0.13%

Only in MSFO

8 securities, 100% of MSFO by weight

United States Treasury Note/Bond 2.375% 05/15/202726.20%
United States Treasury Bill 02/18/202725.09%
United States Treasury Bill 07/08/202717.92%
United States Treasury Note/Bond 3.375% 09/15/202713.76%
Msft 11/20/2026 480.01 C9.20%
United States Treasury Bill 12/10/20266.81%
First American Government Obligations Fund 12/01/20311.26%
Msft Us 11/06/26 C532.50.91%

Weight gaps

ACYQ and MSFO share no securities.

All 3 ACYQ holdings⁠All 7 MSFO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACYQ vs MSFO Cost

Overpaying MSFO vs ACYQ

$4,691

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ACYQ 0.75%
$14,482
MSFO 1.03%
$19,173

Amount$10,000

Years30 years

Cost over time

ACYQ 0.75%
MSFO 1.03%
Overpaying

Year by year

Year	ACYQ	MSFO	Overpaying
10	$1,336	$1,814	$478
20	$5,078	$6,807	$1,729
30	$14,482	$19,173	$4,691

Expense ratio

0.75%ACYQ, cheaper
1.03%MSFO

ACYQ0.75%MSFO1.03%

0.51%1.91%

Middle half of Single-Stock Option Income funds
Median 1.04%

ACYQ 2nd cheapest of 71 funds

MSFO 34th cheapest of 71 funds

ACYQ vs MSFO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ACYQ No data; MSFO 37.70%
Payout (12M): ACYQ No data; MSFO $4.61
Last payment: ACYQ $0.39; MSFO $0.06
Ex-dividend: ACYQ Oct 1, 2026; MSFO Oct 29, 2026
Paid on: ACYQ Oct 2, 2026; MSFO Oct 30, 2026
Frequency: ACYQ Monthly; MSFO Weekly

Distribution history

Per share, 2026, same scale for both

ACYQMonthly · 2 paymentsAll ACYQ payments⁠

MSFOWeekly · 44 paymentsAll MSFO payments⁠

ACYQ vs MSFO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ACYQ No dataMSFO 23.4%
Return per unit of riskSharpe ratio, 3 years: ACYQ No dataMSFO 0.52
Worst fallMax drawdown, 5 years: ACYQ No dataMSFO −29.6%since Aug 2023
Market sensitivityBeta, 5 years: ACYQ 1.82MSFO 0.88; Market = 1

ACYQ and MSFO in the news

All news⁠

New ETFs
First Trust's new ETF buffers the contracts, not the shares
Oct 8, 2026ACYQ
New ETFs
First Trust charges less than YieldMax, but YieldMax has the payout and the assets
Oct 5, 2026MSFO
New ETFs
First Trust income ETFs own the stock, cost less than YieldMax, and start small
Oct 5, 2026MSFO
ETF Filings
First Trust proposes an autocallable ETF that rolls into the most volatile sector
Sep 22, 2026ACYQ

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ACYQ vs MSFO

In short

Stated mandate

Why people hold it