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ETFs

SoFi Social 50 ETF

SFYF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2019
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Sofi
Volume (1m avg. daily)
$69,802
AUM
$14,855,511
Associated Index
SoFi Social 50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
10.16%
AAPL
Apple Inc
9.96%
MSFT
Microsoft Corporation
5.18%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.92%
AMZN
Amazon.com Inc.
4.78%
NVDA
NVIDIA Corp
4.51%
RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
4.49%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.29%
PLTR
Palantir Technologies Inc - Ordinary Shares - Class A
3.96%
DIS
Walt Disney Co (The)
3.60%
Invest with SFYF

What is SFYF?

The SoFi 50 ETF seeks to track the performance, before fees and expenses, of the SoFi Social 50 Index. SFYF is composed of the top 50 most widely held U.S. listed stocks on SoFi Invest. Stocks are rebalanced monthly and weighted according to how much money members have invested in each company at the end of every month.

ETFs related toSFYF

ETFs correlated to SFYF include ARKQ, FBCG, IYC

SFYF
Tidal ETF Trust - SoFi Social 50 ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary ETF
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
VUG
Vanguard Group, Inc. - Vanguard 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.

Automated Strategies
Related toSFYF

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SFYF using Composer

FAQ

SFYF is a US Equities ETF. The SoFi 50 ETF seeks to track the performance, before fees and expenses, of the SoFi Social 50 Index. SFYF is composed of the top 50 most widely held U.S. listed stocks on SoFi Invest. Stocks are rebalanced monthly and weighted according to how much money members have invested in each company at the end of every month.

SFYF tracks the SoFi Social 50 Index.

No, SFYF is not actively managed. It is passively 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.

Yes, SFYF is passively 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 SFYF is -0.0123%. This is the percent change in the value of SFYF over the most recent 1-month period. The 3-month return on SFYF is 0.0048%. This is the percent change in the value of SFYF over the most recent 3-month period.

The standard deviation of SFYF for the past year is 0.3017%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SFYF include IVV, MDY, and IJR.

ETFs correlated to SFYF include ARKQ, FBCG, and IYC.

ETFs that are inversely correlated to SFYF include QID, SQQQ, and PSQ.

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.