SoFi Select 500 ETF (SFY) tracks Large Cap Growth stocks, offering stability and performance

From Nasdaq: 2024-06-28 06:20:05

The SoFi Select 500 ETF (SFY) launched on 04/11/2019, is a passively managed ETF that provides exposure to the Large Cap Growth segment of the US equity market. Sponsored by SoFi, it has over $824.14 million in assets, making it an average-sized ETF in the market.

Large Cap Growth stocks, such as those in SFY, offer stability with market capitalization over $10 billion. While these stocks have higher valuations and volatility compared to value stocks, they tend to perform well in a strong bull market. SFY has a 0% expense ratio and a 1.13% dividend yield.

SFY has the most exposure to the Information Technology sector at about 27.10%, with top holdings including Amazon.com Inc (AMZN), Microsoft Corp (MSFT), and Apple Inc (AAPL). The ETF’s return was approximately 18.38% this year and around 31.85% in the last year, with a beta of 1.03 and a standard deviation of 18.49%.

Investors eyeing the Large Cap Growth sector can consider SFY as it tracks the SOLACTIVE SOFI US 500 GROWTH INDEX. With 503 holdings, it effectively diversifies risks. Alternative options like Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ) are available with varying assets and expense ratios. Passively managed ETFs like SFY are popular among investors for their low costs and tax efficiency.



Read more at Nasdaq: Should SoFi Select 500 ETF (SFY) Be on Your Investing Radar?