NVIDIA

Microsoft

Amazon

Apple

Broadcom

Eli Lilly

Alphabet

JPMorgan Chase & Co

Advanced Micro Devices

SoFi Select 500 ETF

SFY tracks a multi-factor-weighted index of US large-cap equities selected by market-cap.

A smart beta exchange traded fund, the SoFi Select 500 ETF (SFY) debuted on 04/11/2019, and offers broad exposure to the Style Box - Large Cap Growth category of the market.

Is SoFi Select 500 ETF (SFY) a Strong ETF Right Now?

Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the SoFi Select 500 ETF (SFY) is a passively managed exchange traded fund launched on 04/11/2019.

Should SoFi Select 500 ETF (SFY) Be on Your Investing Radar?

SoFi Select 500 ETF is a hold due to its reactive adjustments, high NVDA concentration, and potential fee increases next year. SFY's growth-focused model has led to underperformance compared to SCHG and QQQ, despite a strong 5-year CAGR of 18.36%. SFY's heavy NVDA weighting increases risk, while lower weights on MSFT and AAPL reduce diversification, potentially missing future growth opportunities.

SFY: Chasing Growth Without Substantially Capturing Returns

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Tidal ETF Trust (the “Trust”) has approved a reverse stock split of the issued and outstanding shares of the SoFi Select 500 ETF (NYSE Arca: SFY) (the “Fund”). The reverse split will take effect after the close of trading on the NYSE Arca, Inc. (the “Exchange”) on October 1, 2024.

SoFi Announces Reverse Stock Split for SoFi Select 500 ETF (SFY)

SFY has delivered solid returns since May 2019 and has proven to be a solid choice for moderately aggressive growth investors. Importantly, its 0.19% expense ratio is currently waived. Its Index recently reconstituted, and Nvidia now comprises 13% of SFY. This high single-stock risk is the result of a process that only considers one year's worth of growth data. Still, SFY now has a superior combination of value and growth compared to its large-cap growth peers. As I will demonstrate, it ranks average or better on 9/10 key factors.

SFY: Moderately Aggressive Large-Cap Growth ETF Worth Watching

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Ahead of World Health Day, let us examine the supplements for a robust ETF investment portfolio.

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SFY is a well-diversified ETF holding 500 of the largest U.S. securities. Similar to SPY, it's outperformed since its inception, and routinely features a higher trailing and estimated growth rate. By incorporating a composite growth score into its weighting process, SFY has about 50% less exposure to Magnificent Seven stocks than most growth funds, including VUG, SCHG, and QQQ. However, I've downgraded SFY because its forward PEG ratio has increased from 1.35x to 2.45x in the last year, signaling that growth stocks are too richly valued.

SFY: Is This Zero-Fee Growth ETF Right For 2024?

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The primary asset allocation consideration for 2024 revolves around the potential for interest rate cuts. Investors must weigh the extent to which central banks may proceed with cuts or determine whether any reductions will be implemented.

Google Bard's 5 ETFs to buy for start of 2024

Are you worried about overvaluation concerns in the broader market? These five ETFs can be bought at as low as $20 along with expectations for solid gains in 2024.

4 Top-Ranked ETFs Under $20 Up for Gains in 2024

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SoFi Be Your Own Boss ETF

There's the SoFi Be Your Own Boss ETF (BYOB) that invests in (not booze but) flexible work pioneers like Shopify, Mercadolibre and Coinbase Global.

SoFi expands ETF business with options-driven income fund

SoFi has launched its latest ETF, the SoFi Enhanced Yield ETF (NYSE Arca: THTA), on the New York Stock Exchange. THTA seeks to generate income by combining a strategy of holding short-duration U.S. Treasuries with a “credit spread” option strategy to generate enhanced yield.

SoFi Launches New Enhanced Income ETF THTA

SoFi Select 500 ETF offers exposure to the 500 largest US companies without a management fee, but the fee waiver will end in June 2024. SFY's proprietary weighting methodology does not add value, as it has underperformed market ETFs like SPY. Investors should consider other ETFs such as SPY or QQQ, which have better risk-adjusted returns and lower fees once the fee waiver period ends.

SFY: Boring Is Beautiful; Stick With SPY And QQQ Instead

JPMorgan BetaBuilders US Equity ETF

BNY Mellon US Large Cap Core Equity ETF

Schwab Short-Term US Treasury ETF

SPDR Portfolio Total Stock Market ETF

Low expense ratio ETFs allow investors to keep more of your money working for you, which helps them to build long-term wealth.

Low-Cost ETFs for Building Long-Term Wealth

Year after year, investors say that expense ratio matters most when choosing an ETF. While I've long advocated for investors to dive deeper to understand what's inside the funds they own or are considering, what has become clear is that awareness is key to an ETF being selected.

If Expense Ratio Really Mattered, Most of These ETFs Would Dominate

SoFi Select 500 ETF is a pretty simple value-based exchange-traded fund that focuses on healthcare and technology a little more than the SPY ETF. The expense ratios are substantially higher though than SPY-tracking ETFs.

SFY: For More ETF Costs All You Get Is More Tech Than The SPY

When SoFi was founded in 2011, it was originally a student loan refinance company. Since then, it's “evolved dramatically” to offer an array of products and services, including ETFs, through an investment management business, according to Tobin McDaniel, head of SoFi Invest.

Tobin McDaniel: ETFs to Play a Crucial Role in SoFi's Growth

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SoFi Next 500 ETF

Real Estate Select Sector SPDR Fund

Zero-fee exchange-traded funds may be catching on.

Zero Fee ETF Crosses $1B In AUM for First Time

SFY follows a proprietary screening method to reweight 500 of the largest U.S. companies by their revenue and earnings growth rates. SFY's growth and valuation metrics usually fall somewhere in between SPY and SPYG, two proxies for large-cap blend and growth. However, that's not the case today.

SFY: A Responsible Way To Re-Enter Growth Stocks

Selection must be brutal to pick the right stocks to weather the current equity market environment. Higher rates could persist for a while, and they are likely to continue to reach higher levels.

SFY Is A No-Go As Rates Rise

SFY is a relatively new zero-cost ETF that will appeal to the moderately aggressive growth investor. It's slightly outperformed SPYG through the current downturn but lags the S&P 500 Index. The portfolio's forward price-earnings ratio has been reduced substantially since my last article in February. SFY now trades at 23.62x forward earnings, almost the same as SPY.

SFY: This Zero Fee, Growth-Light ETF Performs As Expected

Assuming fees waiver, SFY is a zero-expense ETF offering exposure to the U.S. bellwethers exhibiting growth characteristics. It scores nicely against quality and growth metrics while having small exposure to value and pure-value stocks.

SoFi Select 500 ETF: Pros And Cons

The SoFi Select 500 ETF is the only zero expense ETF available in the large-cap growth category, and since April 2019, has grown to $338 million in AUM. Expenses aren't the only thing that's zero, though. There are also zero screens for quality and zero screens for valuation.

SFY: Why Free Doesn't Always Mean Free

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These low-priced ETFs could lead to huge gains in the coming months based on encouraging market trends.

5 ETFs Under $20 to Buy for Outperformance

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Keeping the importance of expense ratio in mind, we have highlighted the 25 cheapest ETFs currently on the market and have AUM of more than $50 million.

A Quick Guide to the 25 Cheapest ETFs

Amplify Lithium & Battery Technology ETF

The low-priced ETFs could be attractive as these will enable them to buy more shares instead of just a handful of higher-priced shares for the same amount.

News for SoFi Select 500 ETF ETF (SFY)