Is SoFi Select 500 ETF (SFY) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 10 2024
0mins
Should l Buy MSFT?
Source: NASDAQ.COM
Debut of SoFi Select 500 ETF (SFY):
- SFY is a smart beta ETF that provides broad exposure to the Large Cap Growth category of the market.
Smart Beta ETFs:
- Market cap weighted indexes reflect the market, while smart beta ETFs track non-cap weighted strategies based on stock selection for better risk-return performance.
Fund Details:
- Managed by Sofi, SFY aims to match the SOLACTIVE SOFI US 500 GROWTH INDEX.
- Operating expenses are 0%, making it the least expensive product in its space.
- Top holdings include Nvidia Corp, Amazon.com Inc, and Microsoft Corp.
Performance and Risk:
- SFY has gained 21.10% year-to-date and 32.87% over the last 12 months.
- It has a beta of 1.03 and standard deviation of 18.50% for the trailing three-year period.
Alternatives:
- Investors can consider Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ) as alternatives in the Large Cap Growth segment.
- Cheaper and lower-risk options are traditional market cap weighted ETFs.
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Analyst Views on MSFT
Wall Street analysts forecast MSFT stock price to rise
34 Analyst Rating
32 Buy
2 Hold
0 Sell
Strong Buy
Current: 370.170
Low
500.00
Averages
631.36
High
678.00
Current: 370.170
Low
500.00
Averages
631.36
High
678.00
About MSFT
Microsoft Corporation is a technology company that develops and supports software, services, devices, and solutions. Its Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services, spanning a variety of devices and platforms. It comprises Microsoft 365 Commercial products and cloud services; Microsoft 365 Consumer products and cloud services; LinkedIn, and Dynamics products and cloud services. The Intelligent Cloud segment consists of its public, private, and hybrid server products and cloud services. It comprises server products and cloud services, including Azure, and enterprise and partner services, including Enterprise Support Services. Its More Personal Computing segment primarily comprises Windows and Devices, including Windows OEM licensing; Gaming, including Xbox hardware and Xbox content; Search and news advertising, comprising Bing and Copilot, Microsoft News, and Microsoft Edge.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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