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.
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.
The SoFi Select 500 ETF (SFY) made its debut on 04/11/2019, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Growth category of the market.
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the SoFi Select 500 ETF (SFY), a passively managed exchange traded fund launched on 04/11/2019.
The SoFi Select 500 ETF (SFY) made its debut on 04/11/2019, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Growth category of the market.
Launched on 04/11/2019, the SoFi Select 500 ETF (SFY) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
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.