SFYF vs. SPAX

Last updated Jun 5, 2026

SFYF (SoFi Social 50 ETF) and SPAX (Robinson Alternative Yield Pre-merger SPAC ETF) are both exchange-traded funds - SFYF is a Large Cap Growth Equities fund tracking the SoFi Social 50 Index, while SPAX is a Event Driven fund actively managed by Toroso Investments. SFYF is passively managed, while SPAX is actively managed. At a 0.03 correlation, their price movements are largely independent. SFYF charges 0.29%/yr vs 0.85%/yr for SPAX.

Performance

SFYF vs. SPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Social 50 ETF (SFYF) and Robinson Alternative Yield Pre-merger SPAC ETF (SPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYF

• 1D: -0.04%
• 1M: 8.49%
• YTD: 14.80%
• 6M: 13.77%
• 1Y: 44.18%
• 3Y*: 36.16%
• 5Y*: 12.33%
• 10Y*: —

SPAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SFYF vs. SPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SFYF SoFi Social 50 ETF	14.80%	30.00%	44.62%	56.80%	-47.73%	-3.61%
SPAX Robinson Alternative Yield Pre-merger SPAC ETF	0.00%	0.02%	5.11%	6.63%	1.25%	2.19%

Correlation

The correlation between SFYF and SPAX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.03

SFYF vs. SPAX - Sectors Allocation Comparison

Sectors	SFYF	SPAX
Technology	38.5%	-
Consumer Cyclical	22.9%	-
Communication Services	13.8%	-
Consumer Defensive	6.8%	-
Financial Services	5.5%	100.0%
Healthcare	5.5%	-
Industrials	3.5%	-
Energy	2.1%	-
Real Estate	1.2%	-
Basic Materials	-	-
Utilities	-	-

Return for Risk

SFYF vs. SPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SFYF

SFYF Risk / Return Rank: 65
SFYF Sharpe Ratio Rank: 74
SFYF Sortino Ratio Rank: 67
SFYF Omega Ratio Rank: 67
SFYF Calmar Ratio Rank: 60
SFYF Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SFYF vs. SPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Social 50 ETF (SFYF) and Robinson Alternative Yield Pre-merger SPAC ETF (SPAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SFYF	SPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.03	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	9.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SFYF	SPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	—	—

Drawdowns

Drawdown Indicators

	SFYF	SPAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.09%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.09%	—	—
Current Drawdown Current decline from peak	-1.72%	—	—
Average Drawdown Average peak-to-trough decline	-16.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	—	—

Volatility

Volatility by Period

	SFYF	SPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.67%	—	—

SFYF vs. SPAX - Expense Ratio Comparison

SFYF has a 0.29% expense ratio, which is lower than SPAX's 0.85% expense ratio.

Dividends

SFYF vs. SPAX - Dividend Comparison

SFYF's dividend yield for the trailing twelve months is around 0.29%, while SPAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SFYF SoFi Social 50 ETF	0.29%	0.33%	0.31%	1.71%	1.19%	0.26%	0.40%	0.73%
SPAX Robinson Alternative Yield Pre-merger SPAC ETF	0.00%	0.00%	5.50%	7.54%	0.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFYF and SPAX in my portfolio?

SFYF and SPAX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYF or SPAX?

On fees, SFYF is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYF or SPAX?

SFYF is cheaper with a 0.29% expense ratio, compared with 0.85% for SPAX.

Which ETF pays a higher dividend yield, SFYF or SPAX?

SFYF has the higher dividend yield at 0.29%, compared with 0.00% for SPAX.

What is the main difference between SFYF and SPAX?

SFYF is categorized as Large Cap Growth Equities, while SPAX is Event Driven. Their fees differ too: 0.29% for SFYF and 0.85% for SPAX.