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SoFi Next 500 ETF

SFYX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 11 2019
Expense Ratio
0.00%
Type
US Equities
Fund Owner
Sofi
Volume (1m avg. daily)
$164,968
AUM
$49,935,300
Associated Index
Solactive SoFi US Next 500 Growth Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

TRGP
Targa Resources Corp
1.35%
CLF
Cleveland-Cliffs Inc
1.14%
SWAV
ShockWave Medical Inc
1.02%
STLD
Steel Dynamics Inc.
0.98%
CG
Carlyle Group Inc (The)
0.96%
ARES
Ares Management Corp - Ordinary Shares - Class A
0.88%
PEN
Penumbra Inc
0.78%
BLDR
Builders Firstsource Inc
0.76%
NI
NiSource Inc
0.73%
CHDN
Churchill Downs, Inc.
0.72%
Invest with SFYX

What is SFYX?

The SoFi Next 500 ETF (SFYX) is composed of 500 mid-cap U.S. companies. SoFi weights each company based on three growth signals not just market capitalization as many traditional indexed ETFs do. The SoFi Next 500 ETF seeks to track the performance, before fees and expenses, of the Solactive SoFi US Next 500 Growth Index.

ETFs related toSFYX

ETFs correlated to SFYX include SMMD, VB, SCHM

SFYX
Tidal ETF Trust - SoFi Next 500 ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap 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 toSFYX

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Create your own algorithmic trading strategy with SFYX using Composer

FAQ

SFYX is a US Equities ETF. The SoFi Next 500 ETF (SFYX) is composed of 500 mid-cap U.S. companies. SoFi weights each company based on three growth signals not just market capitalization as many traditional indexed ETFs do. The SoFi Next 500 ETF seeks to track the performance, before fees and expenses, of the Solactive SoFi US Next 500 Growth Index.

SFYX tracks the Solactive SoFi US Next 500 Growth Index.

No, SFYX 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, SFYX 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 SFYX is -0.0874%. This is the percent change in the value of SFYX over the most recent 1-month period. The 3-month return on SFYX is -0.0204%. This is the percent change in the value of SFYX over the most recent 3-month period.

The standard deviation of SFYX for the past year is 0.276%. 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 SFYX include VYM, VIG, and DFAT.

ETFs correlated to SFYX include SMMD, VB, and SCHM.

ETFs that are inversely correlated to SFYX include TWM, RWM, and TZA.

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.