SFYX vs. IWR

Last updated Apr 2, 2026

Compare and contrast key facts about SoFi Next 500 ETF (SFYX) and iShares Russell Midcap ETF (IWR).

SFYX and IWR 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. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. Both SFYX and IWR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SFYX vs. IWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and iShares Russell Midcap ETF (IWR). The values are adjusted to include any dividend payments, if applicable.

SFYX vs. IWR - 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%
IWR iShares Russell Midcap ETF	1.98%	10.37%	15.21%	17.05%	-17.48%	22.44%	16.93%	9.05%

Returns By Period

SFYX

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

IWR

• 1D: 0.70%
• 1M: -4.86%
• YTD: 1.98%
• 6M: 2.12%
• 1Y: 16.21%
• 3Y*: 13.41%
• 5Y*: 6.92%
• 10Y*: 10.77%

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

SFYX vs. IWR - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than IWR's 0.19% 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%.

IWR

iShares Russell Midcap ETF

SFYX

SoFi Next 500 ETF

Return for Risk

SFYX vs. IWR — Risk / Return Rank

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

IWR

IWR Risk / Return Rank: 47
IWR Sharpe Ratio Rank: 44
IWR Sortino Ratio Rank: 45
IWR Omega Ratio Rank: 46
IWR Calmar Ratio Rank: 46
IWR Martin Ratio Rank: 55

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. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) and iShares Russell Midcap ETF (IWR). 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	IWR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.48	—

Correlation

The correlation between SFYX and IWR is 0.94, 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.

Dividends

SFYX vs. IWR - Dividend Comparison

SFYX's dividend yield for the trailing twelve months is around 1.36%, more than IWR's 1.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IWR iShares Russell Midcap ETF	1.27%	1.29%	1.27%	1.43%	1.59%	1.04%	1.28%	1.43%	1.98%	1.52%	1.72%	1.59%

Drawdowns

Drawdown Indicators

	SFYX	IWR	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.78%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.59%	—
Current Drawdown Current decline from peak	—	-5.09%	—
Average Drawdown Average peak-to-trough decline	—	-7.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.91%	—

Volatility

Volatility by Period

	SFYX	IWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.24%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.35%	—