SFY
SoFi Select 500 ETF
📎 Investment Objective
The SoFi Select 500 ETF (SFY) seeks to track the performance of the SoFi Select 500 Index, which provides exposure to 500 of the largest U.S. companies.
Overview
ETF tracking SoFi Select 500 ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SoFi Select 500 ETF (SFY) seeks to track the performance of the SoFi Select 500 Index, which provides exposure to 500 of the largest U.S. companies.
🎯 Investment Strategy
The ETF uses a passive, index-based approach to invest in the stocks that make up the SoFi Select 500 Index. It aims to replicate the index's performance by holding the same securities in similar proportions.
✨ Key Features
- Broad exposure to large-cap U.S. equities
- Passively managed to track the SoFi Select 500 Index
- Low expense ratio of 0.00%
- Relatively new ETF with limited performance history
⚠️ Primary Risks
- Market risk: The value of the ETF's holdings may decline due to general market conditions
- Concentration risk: The fund's performance is tied to the 500 largest U.S. companies, which may be vulnerable to similar economic factors
- Liquidity risk: As a new ETF, it may have lower trading volume and less liquidity compared to more established funds
- Tracking error risk: The fund may not perfectly replicate the performance of the underlying index
👤 Best For
The SoFi Select 500 ETF may be suitable for investors seeking broad exposure to large-cap U.S. equities as part of a diversified portfolio. It may be particularly appealing to cost-conscious investors due to its low expense ratio. However, the fund's limited performance history means it may be more appropriate for investors with a higher risk tolerance and longer investment horizon.