SFYX vs SPY
SFYX vs SPY
Sofi Next 500 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SFYX has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SFYX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 1.39% | 1.01% | |
| Holdings | 491 | 505 | |
| YTD Return | +3.95% | +9.93% | |
| 1Y Return | +13.65% | +19.50% | |
| 3Y Return (annualized) | +14.58% | +19.33% | |
| 5Y Return (annualized) | +6.19% | +12.82% | |
| Volatility (annualized) | 20.9% | 15.3% | |
| Max Drawdown | -39.6% | -56.5% | |
| Fund Family | SoFi | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 10, 2019 | Jan 22, 1993 |
SFYX vs SPY Performance
Sofi Next 500 ETF (SFYX) is a ETF from SoFi and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SFYX returned +13.65% while SPY returned +19.50%. Year to date, SFYX is up 3.95% versus a gain of 9.93% for SPY.
Over three years, SFYX compounded at +14.58% per year against +19.33% for SPY; over five years the annualized figures are +6.19% and +12.82% respectively. Across the full 7-year window we track, SFYX has the edge at +9.49% annualized vs +8.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SFYX has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -39.6% for SFYX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SFYX charges 0.06% per year while SPY charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, SFYX currently yields 1.39% against 1.01% for SPY.
Holdings Overlap
SFYX and SPY share 47 holdings out of 948 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SFYX | Weight in SPY | Difference |
|---|---|---|---|
| TKO | 1.21% | 0.02% | 1.19% |
| FIX | 1.02% | 0.10% | 0.92% |
| COHR | 0.90% | 0.10% | 0.80% |
| BXP | Pro | Pro | Pro |
| CIEN | Pro | Pro | Pro |
| TRMB | Pro | Pro | Pro |
| LITE | Pro | Pro | Pro |
| CRL | Pro | Pro | Pro |
| TPR | Pro | Pro | Pro |
| IVZ | Pro | Pro | Pro |
See all 10 holdings SFYX shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SFYX or SPY?
SFYX has an expense ratio of 0.06% while SPY charges 0.09%. SFYX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SFYX or SPY?
Over the past year SFYX returned +13.65% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), SFYX annualized +9.49% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, SFYX or SPY?
SFYX has been the more volatile fund at 20.9% annualized versus 15.3% for SPY. Worst drawdown: SFYX -39.6% vs SPY -56.5%.
Should I hold both SFYX and SPY?
SFYX and SPY have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SFYX and SPY?
SFYX and SPY share 47 common holdings with a 1.2% weight overlap. Combined, they hold 948 unique securities.
Which pays a higher dividend, SFYX or SPY?
SFYX yields 1.39% while SPY yields 1.01%, so SFYX currently pays the higher dividend yield.
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