SoFi® is a popular leader in the financial space, and its SoFi Select 500 ETF (SFY) has shown itself to be a popular investment choice within the Large Cap Growth segment. Tracking the Solactive SoFi US 500 Growth Index, it has shown consistent growth since its 2019 inception, minus a pronounced downturn in 2022.(1)
Here, we take a look at what makes up the SoFi Select 500 ETF and whether it makes a good investment for your portfolio.
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Debuting on April 11, 2019, the SoFi Select 500 ETF is a passively managed exchange-traded fund (ETF) managed by SoFi that aims to track the Solactive SoFi US 500 Growth Index before fees and expenses. Under normal circumstances, a minimum of 80% of the fund’s total assets, exclusive of collateral from securities lending, are invested in the index’s component securities.(1)
This SFY ETF provides access to the Large Cap Growth segment of the equity market and subscribes to a rules-based methodology tracking the performance of the top 500 US-listed companies based on both market capitalization and fundamental factors that include sales growth, revenue growth and forward-looking revenue estimates.(1)
| Expense ratio | 0.05%* |
| Net assets | 497.4 million*(1) |
| Shares outstanding | 4.70 million*(1) |
| Annual Dividends | $1.1042(2) |
*As of March 3, 2025
| Company name (ticker) | % assets |
|---|---|
NVIDIA Corp. (NVDA) | 14.52% |
Microsoft Corp. (MSFT) | 5.17% |
Amazon.com Inc. (AMZN) | 4.69% |
Apple Inc. (AAPL) | 4.46% |
Meta Platforms Inc. (META) | 3.59% |
Broadcom Inc. (AVGO) | 3.44% |
Eli Lilly & Co. (LLY) | 2.54% |
Alphabet Inc. Cl A (GOOGL) | 1.68% |
JPMorgan Chase & Co. (JPM) | 1.58% |
Advanced Micro Devices Inc. | 1.05% |
*Data accurate as of March 2, 2025(1)
| Sector | % of SFY |
|---|---|
Technology | 45.72% |
Financials | 13.54% |
Consumer Services | 12.09% |
Health Care | 9.70% |
Industrials | 7.20% |
Consumer Goods | 4.06% |
Non Classified Equity | 2.46% |
Oil and Gas | 1.83% |
Basic Materials | 1.04% |
The SoFi Select 500 ETF is an average-sized ETF that falls into the large cap growth category. It consistently outperforms returns for its category, although 2022 was a hiccup that saw -22.84% annual returns (with a category average that was also negative). However, it bounced back in 2023, and by 2024, it was outperforming the category average.
The SoFi Select 500 ETF produced an annual dividend of $1.1042 for 2024, and continued growth has been shown as we progress through 2025.(2)
Although it has shown some volatility, the SoFi Select 500 ETF has consistently produced positive growth for investors. There have been some periods of decline, but this ETF has shown positive annual dividends each year since 2019.
It has been a lucrative pick for investors based on historical patterns, but always remember that any investment carries risk. Ultimately, the decision to buy the SFY ETF depends on your personal financial goals, risk tolerance and investment strategy.
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The SoFi Select 500 ETF is not your only option for SoFi ETFs.
The SoFi Select 500 ETF is a low-cost, passively managed ETF that has shown regular growth for long-term investors despite some periods of decline. However, you should always do your research and invest with caution, and consider consulting a financial advisor for personalized guidance on your portfolio. To invest in the SoFi Select 500 ETF, open a brokerage account with one of the top brokers today.
There is a 0.05% annual operating expense ratio, which includes a 0.19% management fee and a 0.14% fee waiver. There are no distribution or service fees.(1)
The SoFi Select 500 ETF has several companies, including majority holdings in NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Amazon.com Inc. (AMZN) and Apple Inc. (AAPL).
The SoFi Select 500 ETF has produced regular dividends and mostly positive growth for long-term investors, but there still have been periods of decline since its 2019 inception. It is important to remember that all investments carry risk and are subject to market downturns, so you should always invest with caution and contact a financial advisor for personalized investment advice.
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