Investors Eye SoFi Select 500 ETF Amid Strong Market Performance

Investors are taking notice of the SoFi Select 500 ETF following its strong 30.98% return over the past year. The smart beta ETF is designed to outperform the large cap growth segment. With low operating expenses and a diversified portfolio, it offers a compelling option for growth-oriented investors.

Date: 18-01-2025

AI Rating: 7

**ETF Overview**
The SoFi Select 500 ETF (SFY), which debuted on April 11, 2019, provides exposure to the Style Box - Large Cap Growth category. The fund has accumulated over $975.85 million in assets, making it a moderately sized ETF.

**Performance Insights**
SFY's year-to-date return is 1.03%, and it has seen a substantial increase of 30.98% over the last 12 months. This strong performance may attract more investors potentially driving up the stock price.

**Expense Efficiency**
With an annual operating expense ratio of just 0.05%, this ETF is among the most cost-effective options for investors. Lower expenses tend to correlate with better returns in the long run when other factors are controlled.

**Top Holdings**
The ETF's largest allocation is in Information Technology (about 42.1%), with significant holdings in prominent companies like Nvidia Corp (15.8%), Microsoft Corp, and Amazon.com Inc. These companies typically exhibit substantial growth, which is favorable for investors.

**Market Sensitivity**
Having a beta of 1.03 suggests SFY's price movements are slightly more volatile than the market. This implies a higher risk-reward scenario for investors who may consider investing in this ETF.

Stocks: SFY NVDA MSFT AMZN