Sofi Next 500 ETF
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.3x P/Sales
ratio
2.3x
P/BV
ratio
3.0x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SoFi Next 500 ETF seeks to track the performance, before fees and expenses, of the Solactive SoFi US Next 500 Growth Index

FUND BASICS
Category US Equities
Fund Sponsor SoFi
Website www.sofi.com/invest/etfs/
Inception date Apr 10, 2019
Assets (mns) $21
Currency USD
Expense ratio 0 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 486
Wgt avg mkt cap (mns) $8,647
Large cap (>$10bn) 29.0%
Mid cap ($2-10bn) 69.5%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PARAMETRIC TECHNOLOGY CORP 2.0 %
AXON ENTERPRISE INC 1.6 %
ENPHASE ENERGY INC 1.6 %
CHEGG INC 1.1 %
AVANTOR, INC. 1.1 %
NEUROCRINE BIOSCIENCES INC 1.1 %
LUMENTUM HOLDINGS, INC. 1.0 %
FIVE9 INC 1.0 %
FRESHPET INC 0.9 %
HORIZON PHARMA PLC 0.9 %
Total 12.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
IRELAND 1.7 %
BERMUDA 1.1 %
BRITAIN 0.6 %
CAYMAN ISLANDS 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.6% 17.6% -- -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 1.19 91%
MSCI EAFE 1.11 86%
MSCI Emg. Mkts. 0.97 80%

Technical Indicators
Recent close $13.01
30d moving avg. $12.58
Annualized volatility 26.7%
Short interest (ETF) 1.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.7%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $39,351

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Sofi Next 500 ETF ETF based on the alternatives' overlap in portfolio holdings with SFYX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SFYX Expense: 0 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SFYX
Ticker Fund
Name
Overlap1
vs SFYX
(%)
Expense
ratio
(bp)
Savings
vs SFYX
(bp)
ALTAR
Score™
(%)
ALTAR
vs SFYX
(%)
SCHM Schwab U.S. Mid-Cap ETF 57.1 4 -4 5.0 +0.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 53.6 7 -7 3.9 -0.9
VB Vanguard Small-Cap ETF 50.3 5 -5 4.4 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 44.7 6 -6 4.0 -0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 43.2 10 -10 5.3 +0.5
FNX First Trust Mid Cap Core AlphaDEX Fund 43.1 61 -61 5.1 +0.3
MDY SPDR S&P Midcap 400 ETF Trust 42.0 23 -23 5.2 +0.3
SPMD SPDR Portfolio Mid Cap ETF 42.0 5 -5 5.3 +0.5
IJH iShares Core S&P Mid-Cap ETF 42.0 5 -5 5.3 +0.5
XJH iShares ESG Screened S&P Mid-Cap ETF 41.7 12 -12 5.4 +0.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 41.3 17 -17 4.0 -0.8
SMMD iShares Russell 2500 ETF 41.2 15 -15 4.7 -0.1
FSMD Fidelity Small-Mid Factor ETF 41.0 29 -29 5.3 +0.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 40.1 40 -40 5.7 +0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 39.3 4 -4 4.7 -0.1
JHMM John Hancock Multifactor Mid Cap ETF 38.6 42 -42 4.7 -0.1
VBK Vanguard Small-Cap Growth Index Fund 38.4 7 -7 1.9 -2.9
SMDY Syntax Stratified MidCap ETF 37.9 30 -30 5.2 +0.3
VBR Vanguard Small Cap Value Index Fund 36.2 7 -7 6.5 +1.6
VXF Vanguard Extended Market Index Fund 36.1 6 -6 2.5 -2.3
RNMC Mid Cap US Equity Select ETF 35.3 60 -60 6.1 +1.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 33.7 15 -15 4.2 -0.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 32.6 15 -15 3.8 -1.1
IJK iShares S&P Mid-Cap 400 Growth ETF 32.6 17 -17 3.8 -1.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 31.1 29 -29 6.0 +1.2
RWK Invesco S&P MidCap 400 Revenue ETF 30.3 39 -39 6.4 +1.6
EQAL Invesco Russell 1000 Equal Weight ETF 30.1 20 -20 5.1 +0.2
EZM WisdomTree U.S. MidCap Earnings Fund 30.1 38 -38 7.6 +2.8
DON WisdomTree U.S. MidCap Dividend Fund 29.7 38 -38 6.7 +1.9
SCHA Schwab U.S. Small-Cap ETF 29.6 4 -4 3.6 -1.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 29.5 70 -70 1.6 -3.2
IWR iShares Russell Midcap ETF 27.9 19 -19 4.8 -0.1
IWS iShares Russell Mid-Cap Value ETF 27.9 24 -24 6.0 +1.2
IJJ iShares S&P Mid-Cap 400 Value ETF 27.5 18 -18 7.0 +2.1
MDYV SPDR S&P 400 Mid Cap Value ETF 27.5 15 -15 7.0 +2.1
AFMC First Trust Active Factor Mid Cap ETF 27.5 65 -65 5.2 +0.4
JHSC John Hancock Multifactor Small Cap ETF 27.5 42 -42 4.6 -0.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.8 29 -29 7.3 +2.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 26.7 20 -20 0.0 -4.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 26.7 15 -15 6.7 +1.9
NUSC Nuveen ESG Small-Cap ETF 25.9 40 -40 3.9 -0.9
ONEO SPDR Russell 1000 Momentum Focus ETF 25.6 20 -20 5.6 +0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 25.4 66 -66 1.8 -3.0
FNK First Trust Mid Cap Value AlphaDEX Fund 24.0 70 -70 7.8 +3.0
TUSA First Trust Total US Market AlphaDEX ETF 23.9 70 -70 4.8 -0.0
STMB iShares Factors US Mid Blend Style ETF 23.8 30 -30 5.0 +0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 23.8 24 -24 5.5 +0.6
IWP iShares Russell Mid-Cap Growth ETF 23.5 24 -24 2.7 -2.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.1 25 -25 4.8 -0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.0 20 -20 6.2 +1.4
JKH iShares Morningstar Mid-Cap Growth ETF 22.8 30 -30 1.9 -2.9
IUSS Invesco Strategic US Small Company ETF 22.2 23 -23 3.6 -1.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 21.9 60 -60 3.7 -1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 21.6 17 -17 5.7 +0.8
TPLC Timothy Plan US Large Cap Core ETF 19.9 52 -52 4.5 -0.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 19.3 4 -4 4.9 +0.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 19.1 35 -35 5.1 +0.2
VFLQ Vanguard U.S. Liquidity Factor ETF 18.7 14 -14 3.5 -1.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 18.7 35 -35 5.1 +0.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.6 35 -35 5.1 +0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 18.5 71 -71 7.6 +2.7
ONEY SPDR Russell 1000 Yield Focus ETF 18.5 20 -20 7.3 +2.4
VFVA Vanguard U.S. Value Factor ETF 18.5 14 -14 8.5 +3.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.3 20 -20 3.6 -1.2
USMF WisdomTree U.S. Multifactor Fund 18.0 28 -28 5.4 +0.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.8 24 -24 4.9 +0.1
XMMO Invesco S&P MidCap Momentum ETF 17.7 34 -34 3.4 -1.4
JKJ iShares Morningstar Small-Cap ETF 16.7 25 -25 5.1 +0.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 16.7 35 -35 3.4 -1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 16.0 39 -39 3.5 -1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 16.0 25 -25 4.9 +0.0
JVAL JPMorgan U.S. Value Factor ETF 15.9 12 -12 7.1 +2.3
VFQY Vanguard U.S. Quality Factor ETF 15.9 13 -13 5.3 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 15.8 75 -75 2.0 -2.8
SIZE iShares MSCI USA Size Factor ETF 15.4 15 -15 5.2 +0.3
JKK iShares Morningstar Small-Cap Growth ETF 15.2 30 -30 0.6 -4.3
QQQJ Invesco NASDAQ Next Gen 100 ETF 15.1 15 -15 2.6 -2.3
JKL iShares Morningstar Small Cap Value ETF 15.1 30 -30 7.6 +2.8
EUSA iShares MSCI USA Equal Weighted ETF 14.9 15 -15 5.2 +0.3
VFMO Vanguard U.S. Momentum Factor ETF 14.8 13 -13 1.4 -3.5
BFOR Barron's 400 ETF 14.6 65 -65 5.6 +0.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 14.5 80 -80 4.7 -0.2
JMOM JPMorgan U.S. Momentum Factor ETF 14.0 12 -12 3.0 -1.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.9 30 -30 5.4 +0.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.9 15 -15 6.0 +1.2
VFMF Vanguard U.S. Multifactor ETF 13.7 19 -19 6.1 +1.3
XSW SPDR S&P Software & Services ETF 13.3 35 -35 3.2 -1.7
VTWO Vanguard Russell 2000 Index Fund 13.3 10 -10 2.7 -2.2
BOSS Global X Founder-Run Companies ETF 13.2 45 -45 2.7 -2.1
IYJ iShares U.S. Industrials ETF 13.0 42 -42 5.0 +0.2
FXL First Trust Technology AlphaDEX Fund 13.0 61 -61 3.5 -1.4
XMLV Invesco S&P MidCap Low Volatility ETF 12.9 25 -25 5.0 +0.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.8 30 -30 4.9 +0.0
JHMT John Hancock Multifactor Technology ETF 12.8 40 -40 4.0 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.7 18 -18 5.6 +0.8
AVUS Avantis U.S. Equity ETF 12.6 15 -15 4.8 -0.0
IWM iShares Russell 2000 ETF 12.6 19 -19 2.5 -2.3
ESGV Vanguard ESG U.S. Stock ETF 12.3 12 -12 4.5 -0.4
RESP WisdomTree US ESG Fund of Benef Interest 12.2 28 -28 5.0 +0.2
SIXL 6 Meridian Low Beta Equity Strategy ETF 12.1 84 -84 4.0 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Sofi Next 500 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.2 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 0 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.