From Nasdaq:

The SoFi Select 500 ETF (SFY) is a new smart beta exchange traded fund that focuses on the Style Box – Large Cap Growth category of the market. Smart beta ETFs aim to beat the market by using non-cap weighted strategies based on risk-return performance. This fund, managed by Sofi, has over $594.59 million and seeks to match the performance of the SOLACTIVE SOFI US 500 GROWTH INDEX at 0% expenses. It has a 12-month trailing dividend yield of 1.40%.

SFY provides diversified exposure, and its heaviest allocation is in the Information Technology sector. Amazon Com Inc (AMZN), Apple Inc (AAPL), and Microsoft Corp (MSFT) are among its top holdings. Year-to-date, SoFi Select 500 ETF has added about 0%, and SFY has traded between $13.16 and $17.08 in the past 52 weeks.

Other ETFs in this space include Vanguard Growth ETF (VUG), which has $103.63 billion in assets, and Invesco QQQ (QQQ), with $229.46 billion. Both have different expense ratios. Investors seeking cheaper and lower-risk options should consider traditional market cap weighted ETFs. For more information, visit Zacks ETF Center.



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