SFYX vs SPY
Sofi Next 500 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SFYX or SPY?
Mid Cap Blend against Large Cap Blend.
SFYX has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. SFYX is less concentrated, with 10.3% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SFYX | SPY |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.09% |
| AUM | $28M | $823.2B |
| Dividend Yield | 1.39% | 0.99% |
| Holdings | 491 | 1,515 |
| Volatility (annualized) | 20.9% | 16.6%Best |
| Max Drawdown | -39.6% | -34.1%Best |
| $10,000 over 6.9 years | $18,693 | $25,654Best |
| Top 10 Weight | 10.3%Best | 38.2% |
| Fund Family | SoFi | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Apr 10, 2019 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 238 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SFYX has data through Feb 18, 2026 and SPY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 6.9 years row, are measured over the window both funds cover: Apr 11, 2019 to Feb 18, 2026 (6.9 years).
Risk: Volatility and Drawdowns
SFYX has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 16.6% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.99% for SPY.
Holdings Overlap
14.4% of SFYX's money is in holdings SPY also owns. 1.2% of SPY's money is in holdings SFYX also owns.
SFYX and SPY share little of their money.
The two holdings books were reported 290 days apart, SFYX as of Nov 28, 2025 and SPY as of Sep 14, 2026, so some of the difference between them is the time between the two reports rather than the funds.
48 positions in common, counted across the 492 positions we hold weights for in SFYX and 504 in SPY, against full books of 491 and 1,515.
What only one of them owns
Our book lists 448 positions for SPY that do not appear in our book for SFYX (97.9% of the fund), and 435 for SFYX that do not appear in SPY (82.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SFYX | Weight in SPY | Difference |
|---|---|---|---|
| TKOTko Group Holdings Inc | 1.21% | 0.02% | 1.19% |
| FIXComfort Systems USA Inc. | 1.02% | 0.08% | 0.94% |
| RDDTReddit Inc Series C Pc Pp | 0.96% | 0.03% | 0.93% |
| COHRCoherent, Inc | 0.90% | 0.08% | 0.82% |
| BXPBoston Properties Inc | 0.66% | 0.01% | 0.65% |
| CIENCiena Corp | 0.53% | 0.07% | 0.46% |
| LITELumentum Holdings Inc | 0.36% | 0.10% | 0.26% |
| TRMBTrimble Inc. | 0.43% | 0.02% | 0.41% |
| CRLCharles River Laboratories International Inc | 0.41% | 0.02% | 0.39% |
| TPRTapestry Inc. | 0.36% | 0.04% | 0.32% |
You are not choosing between two funds in isolation.
Whichever of SFYX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $3 a year on a $10,000 investment.
Which is riskier, SFYX or SPY?
SFYX has been the more volatile fund at 20.9% annualized versus 16.6% for SPY. Worst drawdown: SFYX -39.6% vs SPY -34.1%.
Should I hold both SFYX and SPY?
SFYX and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SFYX and SPY?
14.4% of SFYX's money is in holdings SPY also owns. 1.2% of SPY's is in holdings SFYX also owns. They hold 48 positions in common, counted across the 492 positions we hold weights for in SFYX and 504 in SPY.
Which pays a higher dividend, SFYX or SPY?
SFYX yields 1.39% while SPY yields 0.99%, so SFYX currently pays the higher dividend yield.
Is SPY better than SFYX?
SFYX has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. SFYX is less concentrated, with 10.3% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.