At a glance
SFY charges 0.05% a year, below the 0.06% average of the 8 funds most like it (the 7th cheapest of 9). It has $692.7M in assets, the 9th largest of that group; it paid 0.81% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +15.3% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds; over three years it returned +29.3% a year. At its worst it fell 33.2% in the 2020 crash (S&P 500: 33.7%) and 27.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 15 months after the lows. Its ten largest positions make up 43.6% of the fund, out of 502 in all.
The short version
SoFi Select 500 ETF (SFY) is an index fund that holds about 500 of the largest US companies. It tracks the Solactive SoFi US 500 Growth Index. Unlike a fund weighted purely by company size, it moves each stock's weight up or down based on sales and earnings growth. As of August 31, 2026, that left NVIDIA at 15.3% of assets. Its 0.05% expense ratio depends on a 0.14% fee waiver.
Price history
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SFY +15.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SFY official prospectus, to Dec 31, 2025 | — | +22.74% | — | +15.25% | — | +17.00% |
| SFY price data to Oct 27, 2026 | +16.0% | +15.3% | +29.3% | +13.8% | — | +17.3% |
- Over the year to Oct 27, 2026, SFY returned +15.3%, 1st of 9 among similar funds.
- Its 5-year annualized return was +13.8%.
- In the 2020 COVID crash it fell 33.2% and regained its old high 4.4 months after the low.
- Its worst full calendar year was 2022 (-22.9%); its best was 2024 (+29.8%).
- The deepest fall in its price history was 33.2% (Feb 19, 2020 to Mar 23, 2020), recovered by Aug 3, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +16.0% | — |
| 2025 | +22.7% | +22.74% |
| 2024 | +29.8% | +29.74% |
| 2023 | +29.4% | +29.39% |
| 2022 | -22.9% | -22.78% |
| 2021 | +28.0% | +27.79% |
| 2020 | +24.5% | +25.07% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 33.2% over that stretch · deepest drop along the way 33.2%, back to its old high 4.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 27.5% over that stretch · deepest drop along the way 27.5%, back to its old high 15.3 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.6300 | |
| 2025 | $1.2700 | +21.0% |
| 2024 | $1.0500 | -12.5% |
| 2023 | $1.2000 | +14.3% |
| 2022 | $1.0500 | +40.0% |
| 2021 | $0.7500 | -6.3% |
| 2020 | $0.8000 |
What's inside
As of Aug 31, 2026, the fund held 502 securities; the ten largest made up 43.59% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 15.35% | |
| Microsoft Corp | 5.03% | |
| Apple Inc | 4.83% | |
| Broadcom Inc | 3.70% | |
| Micron Technology Inc | 3.33% | |
| Amazon.com Inc | 3.04% | |
| Eli Lilly & Co | 2.38% | |
| Alphabet Inc | 2.10% | |
| Alphabet Inc | 1.95% | |
| Meta Platforms Inc | 1.89% | |
| Palantir Technologies Inc | 1.57% | |
| Advanced Micro Devices Inc | 1.37% | |
| Tesla Inc | 1.21% | |
| Intel Corp | 0.92% | |
| JPMorgan Chase & Co | 0.87% |
By country
United States 98.22%Ireland 0.76%United Kingdom 0.26%Switzerland 0.23%Bermuda 0.14%By asset type
Stocks 99.75%By sector
Sectors of the companies held, for the 90.3% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $14.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.83%, -2.05%, +4.41%.
How it works
The fund tracks the Solactive SoFi US 500 Growth Index, which Solactive AG owns and runs. SoFi helped design the rules but has no role in maintaining the index. The index starts with the Solactive US Broad Market Index, which holds about 3,000 large US companies, and picks the 500 largest by market value. A 20% buffer rule limits turnover, so companies near the cutoff are less likely to move in and out. The index can include REITs (real estate investment trusts, which own property).
Each stock starts at its free-float market value, meaning the value of shares the public can trade. That weight is then raised or lowered by a growth score built from three measures: sales growth over the past 12 months, earnings-per-share growth over the past 12 months, and analysts' consensus forecast for earnings growth over the next 12 months. Scores are compared with the average and adjusted for outliers. The index rebalances twice a year, on the first Wednesday of May and of November.
Tidal, the adviser, generally buys every stock in the index. At least 80% of assets must be in index stocks, and the fund uses no derivatives. Because faster growers get extra weight, holdings are concentrated. As of August 31, 2026, the top 10 made up 43.6% of the fund: NVIDIA 15.3%, Microsoft 5.0%, Apple 4.8%. Technology made up 45.3%.
What it really costs
- SFY charges 0.05% a year, versus an average of 0.06% for the similar funds below (7th of 9, cheapest first).
- Of that, 0.19% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.14% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $5 in the first year and $229 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SFY | $5 | $47 | $93 | $229 |
In a retirement portfolio
It holds roughly 500 large US companies at low cost, though its growth tilt and large NVIDIA position make it more aggressive than a plain size-weighted fund.
SFY could fill the US stock part of a portfolio, but it has swung harder than the market. Its one-year beta was 1.26 as of October 27, 2026. Beta measures how much a fund moves with the market, so 1.26 means it moved about 26% more than the market on average. The fund launched in 2019, so it has no record from 2008. It fell 33.2% in the 2020 COVID crash and recovered within 4.4 months. In 2022 it dropped 27.5% and took about 15 months after its October low, until January 2024, to get back to its old peak. Its worst calendar year was 2022, at -22.8%. Anyone forced to draw money from it during a slump like that would lock in losses. Income is small: a 0.81% trailing yield, paid twice a year. Past results don't predict future ones. A plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a 500-stock US large-company fund that leans toward faster-growing companies, at a 0.05% expense ratio per the June 2026 prospectus.
- Long-term holders comfortable with NVIDIA at 15.3% and technology at 45.3% of the fund as of August 31, 2026.
- People who can sit through drops like the 27.5% fall in 2022, which took about 15 months to recover.
Look elsewhere if
- Investors seeking income: the trailing yield was 0.81% as of October 27, 2026, and the fund pays only twice a year.
- Those who want plain size-based weighting or the lowest fee; VOO and IVV charge 0.03%, and BKLC charges 0%.
- Cost-focused holders wary of fee waivers: the 0.05% reflects a 0.14% waiver on a 0.19% management fee, and waivers can end.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SFY this fund | — | 0.05% | $692.7M | +15.3% | +29.3% |
| PBUS Invesco MSCI USA ETF | 80% | 0.04% | $11.67B | +13.1% | +24.9% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 79% | 0% | $5.47B | +13.4% | +25.4% |
| USPX Franklin U.S. Equity Index ETF | 79% | 0.03% | $1.98B | +12.9% | +24.9% |
| VV Vanguard Large Cap ETF | 78% | 0.04% | $73.83B | +12.0% | +23.8% |
| SPY SPDR S&P 500 ETF Trust | 78% | 0.0945% | $781.19B | +11.5% | +21.9% |
| VOO Vanguard S&P 500 ETF | 78% | 0.03% | $1.67T | +12.4% | +23.6% |
| IVV iShares Core S&P 500 ETF | 78% | 0.03% | $888.13B | +11.5% | +22.0% |
Questions investors ask
Is SFY good for retirement?
It can serve as a core US stock holding, but it is more volatile than the broad market. Its one-year beta was 1.26 as of October 27, 2026. It fell 27.5% in 2022 and took about 15 months to recover. Its yield was only 0.81%, paid twice a year, so it adds little income. It may suit retirees who keep enough cash or bonds elsewhere to avoid drawing on it in a downturn.
What's the difference between SFY and PBUS?
They hold many of the same stocks, about 80% overlap, but SFY adjusts each stock's weight by sales and earnings growth. PBUS, the Invesco MSCI USA ETF, costs 0.04% against SFY's 0.05%. It is also far larger, with $11.7 billion in assets against SFY's $692.7 million as of August 31, 2026. SFY's growth tilt helped it return 15.3% over one year and 29.3% a year over three years, against 13.1% and 24.9% for PBUS, as of October 27, 2026.
How often does SFY pay dividends?
SFY pays dividends twice a year. Over the 12 months to October 27, 2026, it paid $1.24 per share, a yield of 0.81%. The yield is low because the fund leans toward fast-growing companies such as NVIDIA, Microsoft and Apple. These companies tend to pay out a small share of their earnings. Investors who need regular income from their portfolio will likely need other holdings to supply most of it.
Why is NVIDIA such a big part of SFY?
NVIDIA is large because the index starts with each company's market value and then adds weight for strong growth. It looks at sales growth, past earnings growth and forecast earnings growth. A very large, fast-growing company gets both effects at once. NVIDIA made up 15.33% of the index as of June 1, 2026, and 15.3% of the fund as of August 31, 2026. That means NVIDIA's results can move the whole fund noticeably.
What is SFY's expense ratio?
SFY's expense ratio is 0.05%, according to its June 25, 2026 prospectus. That figure reflects a 0.19% management fee minus a 0.14% fee waiver. The SEC's standard example assumes $10,000 invested with a 5% yearly return. It puts costs at $5 after one year, $47 after three, $93 after five and $229 after ten. The later figures are well above what 0.05% alone would produce. The fund ranks 7th of 9 on cost among similar funds, whose average is 0.06%.