SFYX vs. FAD

Last updated Jun 4, 2026

SFYX (SoFi Next 500 ETF) and FAD (First Trust Multi Cap Growth AlphaDEX Fund) are both Mid Cap Growth Equities funds - SFYX tracks the Solactive SoFi US Next 500 Growth Index while FAD tracks the NASDAQ AlphaDEX Multi Cap Growth Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. SFYX charges 0.00%/yr vs 0.63%/yr for FAD.

Performance

SFYX vs. FAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and First Trust Multi Cap Growth AlphaDEX Fund (FAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

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

FAD

• 1D: -0.15%
• 1M: 6.70%
• YTD: 17.25%
• 6M: 17.16%
• 1Y: 34.52%
• 3Y*: 24.16%
• 5Y*: 11.25%
• 10Y*: 14.53%

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

SFYX vs. FAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SFYX SoFi Next 500 ETF	5.66%	14.25%	14.45%	17.70%	-22.88%	18.89%	17.63%	6.95%
FAD First Trust Multi Cap Growth AlphaDEX Fund	17.25%	17.23%	23.85%	19.07%	-24.06%	21.17%	34.92%	6.07%

Correlation

The correlation between SFYX and FAD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019	0.89

The correlation between SFYX and FAD shifts across timeframes, from 0.71 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

SFYX vs. FAD - Sectors Allocation Comparison

Sectors	SFYX	FAD
Industrials	20.5%	26.1%
Technology	16.9%	24.1%
Financial Services	15.9%	8.0%
Healthcare	12.1%	15.4%
Consumer Cyclical	9.9%	10.8%
Real Estate	6.4%	4.1%
Communication Services	4.5%	3.1%
Energy	4.5%	1.6%
Basic Materials	3.2%	3.0%
Consumer Defensive	3.0%	2.4%
Utilities	2.2%	1.6%

Return for Risk

SFYX vs. FAD — Risk / Return Rank

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

FAD

FAD Risk / Return Rank: 59
FAD Sharpe Ratio Rank: 55
FAD Sortino Ratio Rank: 53
FAD Omega Ratio Rank: 51
FAD Calmar Ratio Rank: 66
FAD Martin Ratio Rank: 68

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.

SFYX vs. FAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) and First Trust Multi Cap Growth AlphaDEX Fund (FAD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SFYX	FAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.50	—

Drawdowns

Drawdown Indicators

	SFYX	FAD	Difference
Max Drawdown Largest peak-to-trough decline	—	-54.33%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.25%	—
Current Drawdown Current decline from peak	—	-0.15%	—
Average Drawdown Average peak-to-trough decline	—	-9.64%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.76%	—

Volatility

Volatility by Period

	SFYX	FAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.50%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.18%	—

SFYX vs. FAD - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than FAD's 0.63% expense ratio.

Dividends

SFYX vs. FAD - Dividend Comparison

SFYX's dividend yield for the trailing twelve months is around 1.36%, more than FAD's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAD First Trust Multi Cap Growth AlphaDEX Fund	0.09%	0.09%	0.59%	0.51%	0.60%	0.09%	0.32%	0.48%	0.20%	0.22%	0.64%	0.41%
SFYX SoFi Next 500 ETF	1.36%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFYX and FAD in my portfolio?

SFYX and FAD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or FAD?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or FAD?

SFYX is cheaper with a 0.00% expense ratio, compared with 0.63% for FAD.

Which ETF pays a higher dividend yield, SFYX or FAD?

SFYX has the higher dividend yield at 1.36%, compared with 0.09% for FAD.

What is the main difference between SFYX and FAD?

SFYX tracks Solactive SoFi US Next 500 Growth Index, while FAD tracks NASDAQ AlphaDEX Multi Cap Growth Index. They also come from different issuers: Toroso Investments and First Trust. Their fees differ too: 0.00% for SFYX and 0.63% for FAD.