SFYX vs. SPAX

Last updated Jun 4, 2026

SFYX (SoFi Next 500 ETF) and SPAX (Robinson Alternative Yield Pre-merger SPAC ETF) are both exchange-traded funds - SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index, while SPAX is a Event Driven fund actively managed by Toroso Investments. SFYX is passively managed, while SPAX is actively managed. At a 0.02 correlation, their price movements are largely independent. SFYX charges 0.00%/yr vs 0.85%/yr for SPAX.

Performance

SFYX vs. SPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and Robinson Alternative Yield Pre-merger SPAC ETF (SPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

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

SPAX

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

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

SFYX vs. SPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SFYX SoFi Next 500 ETF	5.66%	14.25%	14.45%	17.70%	-22.88%	3.75%
SPAX Robinson Alternative Yield Pre-merger SPAC ETF	0.00%	0.02%	5.11%	6.63%	1.25%	2.19%

Correlation

The correlation between SFYX and SPAX is -0.02, 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 (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.02

SFYX vs. SPAX - Sectors Allocation Comparison

Sectors	SFYX	SPAX
Industrials	20.5%	-
Technology	16.9%	-
Financial Services	15.9%	100.0%
Healthcare	12.1%	-
Consumer Cyclical	9.9%	-
Real Estate	6.4%	-
Communication Services	4.5%	-
Energy	4.5%	-
Basic Materials	3.2%	-
Consumer Defensive	3.0%	-
Utilities	2.2%	-

Return for Risk

SFYX vs. SPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) 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.

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

Drawdowns

Volatility

SFYX vs. SPAX - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than SPAX's 0.85% expense ratio.

Dividends

SFYX vs. SPAX - Dividend Comparison

SFYX's dividend yield for the trailing twelve months is around 1.36%, while SPAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SFYX SoFi Next 500 ETF	1.36%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%
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 SFYX and SPAX in my portfolio?

SFYX and SPAX have a correlation of -0.02, 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 SPAX?

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 SPAX?

SFYX is cheaper with a 0.00% expense ratio, compared with 0.85% for SPAX.

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

SFYX has the higher dividend yield at 1.36%, compared with 0.00% for SPAX.

What is the main difference between SFYX and SPAX?

SFYX is categorized as Mid Cap Growth Equities, while SPAX is Event Driven. Their fees differ too: 0.00% for SFYX and 0.85% for SPAX.