Sofi Next 500 Etf Profile
| SFYX Etf | USD 15.79 0.11 0.70% |
Performance17 of 100
| Odds Of DistressLess than 9
|
SoFi Next is trading at 15.79 as of the 30th of November 2024; that is 0.70% up since the beginning of the trading day. The etf's open price was 15.68. SoFi Next has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for SoFi Next 500 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities of the index. Sofi Next is traded on NYSEARCA Exchange in the United States. More on SoFi Next 500
Moving together with SoFi Etf
| 0.99 | VO | Vanguard Mid Cap | PairCorr |
| 0.99 | VXF | Vanguard Extended Market | PairCorr |
| 0.99 | IJH | iShares Core SP | PairCorr |
| 0.99 | IWR | iShares Russell Mid | PairCorr |
| 0.99 | MDY | SPDR SP MIDCAP | PairCorr |
| 0.95 | FV | First Trust Dorsey | PairCorr |
Moving against SoFi Etf
SoFi Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Mid Cap ETFs, Size And Style ETFs, Mid-Cap Blend, SoFi (View all Sectors) |
| Issuer | SoFi |
| Inception Date | 2019-04-11 |
| Benchmark | Solactive SoFi US Next 500 Growth Index |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Mid Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Tidal ETF Services LLC |
| Advisor | Toroso Investments, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Charles Ragauss |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 497 |
| Market Maker | GTS |
| Total Expense | 0.19 |
| Management Fee | 0.19 |
| Country Name | USA |
| Returns Y T D | 23.46 |
| Name | SoFi Next 500 |
| Currency Code | USD |
| Open Figi | BBG00NV84F36 |
| In Threey Volatility | 21.26 |
| 1y Volatility | 15.09 |
| 200 Day M A | 13.8068 |
| 50 Day M A | 14.6377 |
| Code | SFYX |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.1) |
| Type | ETF |
SoFi Next 500 [SFYX] is traded in USA and was established 2019-04-10. The fund is listed under Mid-Cap Blend category and is part of SoFi family. The entity is thematically classified as Mid Cap ETFs. SoFi Next 500 at this time have 43.97 M in assets. , while the total return for the last 3 years was 3.8%.
Check SoFi Next Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SoFi Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SoFi Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SoFi Next 500 Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top SoFi Next 500 Etf Constituents
| CLF | Cleveland Cliffs | Stock | Materials | |
| LITE | Lumentum Holdings | Stock | Information Technology | |
| NVAX | Novavax | Stock | Health Care | |
| KNX | Knight Transportation | Stock | Industrials | |
| DXCM | DexCom Inc | Stock | Health Care | |
| NET | Cloudflare | Stock | Information Technology | |
| PAYC | Paycom Soft | Stock | Information Technology | |
| SWN | Southwestern Energy | Stock | Energy |
SoFi Next 500 Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SoFi Next. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0506 |
SoFi Next Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Next 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of SoFi Next 500 is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Next's value that differs from its market value or its book value, called intrinsic value, which is SoFi Next's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SoFi Next's market value can be influenced by many factors that don't directly affect SoFi Next's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SoFi Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Next's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.