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

Zacks11-13 19:20

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. What Are Smart Beta ETFs? ...

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Large Cap Growth category of the market.\nWhat Are Smart Beta ETFs?\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/sofi-select-500-etf-sfy-112007302.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GB00B4LPDJ14.GBP","symbol_name":"FUNDSMITH EQUITY \"R\" (GBP) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/sofi-select-500-etf-sfy-112007302.html","article_id":"2483007597","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/26ddEdIk.0DefsBmi91u3Q--~B/aD01OTg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/21b1f011539d3e31c28282071d344177"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483007597","pubTimestamp":1731496807,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A smart beta exchange traded fund, the SoFi Select 500 ETF  debuted on 04/11/2019, and offers broad exposure to the Style Box - Large Cap Growth category of the market.Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.The Solactive SoFi US 500 Growth Index follows a rules-based methodology that tracks the performance of 500 of the largest U.S.-listed companies weighted based on a proprietary mix of their market capitalization and fundamental factors.Year-to-date, the SoFi Se","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","BK4527":"明星科技股","BK4576":"AR","QQQ":"纳指100ETF","BK4551":"寇图资本持仓","FDN":"First Trust Dow Jones Internet I","BK4579":"人工智能","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4581":"高盛持仓","L":"洛斯公司","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4549":"软银资本持仓","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","BK4554":"元宇宙及AR概念","LU0082616367.USD":"摩根大通美国科技A（dist）","MSFT":"微软","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","BK4596":"哈里斯概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","VUG":"成长股指数ETF-Vanguard MSCI","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","SOFI":"SoFi Technologies Inc.","LU0072462426.USD":"贝莱德全球配置 A2","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","BK4141":"半导体产品","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","3NVD.UK":"LS 3X NVIDIA","NVDA":"英伟达","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - 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However, not all of these methodologies have been able to deliver remarkable returns.\nFund Sponsor & Index\nThe fund is managed by Sofi, and has been able to amass over $978.34 million, which makes it one of the average sized ETFs in the Style Box - Large Cap Growth. SFY, before fees and expenses, seeks to match the performance of the SOLACTIVE SOFI US 500 GROWTH INDEX .\nThe Solactive SoFi US 500 Growth Index follows a rules-based methodology that tracks the performance of 500 of the largest U.S.-listed companies weighted based on a proprietary mix of their market capitalization and fundamental factors.\nCost & Other Expenses\nWhen considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.\nAnnual operating expenses for SFY are 0.05%, which makes it one of the least expensive products in the space.\nThe fund has a 12-month trailing dividend yield of 1.01%.\nSector Exposure and Top Holdings\nEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.\nFor SFY, it has heaviest allocation in the Information Technology sector --about 37.30% of the portfolio --while Financials and Consumer Discretionary round out the top three.\nWhen you look at individual holdings, Nvidia Corp (NVDA) accounts for about 14.59% of the fund's total assets, followed by Amazon.com Inc (AMZN) and Microsoft Corp (MSFT).\nThe top 10 holdings account for about 42.62% of total assets under management.\nPerformance and Risk\nYear-to-date, the SoFi Select 500 ETF has added about 32.54% so far, and was up about 44.42% over the last 12 months (as of 11/13/2024). SFY has traded between $79.85 and $111.96 in this past 52-week period.\nThe ETF has a beta of 1.03 and standard deviation of 19.29% for the trailing three-year period. With about 504 holdings, it effectively diversifies company-specific risk.\nAlternatives\nSoFi Select 500 ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Growth segment of the market. There are other ETFs in the space which investors could consider as well.\nVanguard Growth ETF (VUG) tracks CRSP U.S. Large Cap Growth Index and the Invesco QQQ (QQQ) tracks NASDAQ-100 Index. Vanguard Growth ETF has $151.62 billion in assets, Invesco QQQ has $312.43 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.\nInvestors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Growth.\nBottom Line\nTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSoFi Select 500 ETF (SFY): ETF Research Reports\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nMicrosoft Corporation (MSFT) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nInvesco QQQ (QQQ): ETF Research Reports\nVanguard Growth ETF (VUG): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483007597"}