SFYX vs. IMCG
Compare and contrast key facts about SoFi Next 500 ETF (SFYX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
SFYX and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SFYX is a passively managed fund by Toroso Investments that tracks the performance of the Solactive SoFi US Next 500 Growth Index. It was launched on Apr 11, 2019. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both SFYX and IMCG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SFYX or IMCG.
Performance
SFYX vs. IMCG - Performance Comparison
Returns By Period
In the year-to-date period, SFYX achieves a 17.18% return, which is significantly lower than IMCG's 20.23% return.
SFYX
17.18%
1.66%
8.44%
30.50%
8.94%
N/A
IMCG
20.23%
2.72%
11.32%
32.19%
13.31%
12.13%
Key characteristics
| SFYX | IMCG | |
|---|---|---|
| Sharpe Ratio | 1.57 | 2.34 |
| Sortino Ratio | 2.18 | 3.20 |
| Omega Ratio | 1.27 | 1.40 |
| Calmar Ratio | 1.25 | 1.53 |
| Martin Ratio | 8.92 | 12.14 |
| Ulcer Index | 3.22% | 2.73% |
| Daily Std Dev | 18.27% | 14.18% |
| Max Drawdown | -39.59% | -58.96% |
| Current Drawdown | -3.29% | -2.16% |
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SFYX vs. IMCG - Expense Ratio Comparison
SFYX has a 0.00% expense ratio, which is lower than IMCG's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SFYX and IMCG is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SFYX vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
Dividends
SFYX vs. IMCG - Dividend Comparison
SFYX's dividend yield for the trailing twelve months is around 1.18%, more than IMCG's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFYX SoFi Next 500 ETF | 1.18% | 1.51% | 1.57% | 0.90% | 1.16% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
SFYX vs. IMCG - Drawdown Comparison
The maximum SFYX drawdown since its inception was -39.59%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for SFYX and IMCG. For additional features, visit the drawdowns tool.
Volatility
SFYX vs. IMCG - Volatility Comparison
SoFi Next 500 ETF (SFYX) has a higher volatility of 7.05% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.71%. This indicates that SFYX's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.