SPAX vs. SFYF

Last updated Jun 24, 2026

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

Performance

SPAX vs. SFYF - Performance Comparison

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

Returns By Period

SPAX

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

SFYF

• 1D: -2.42%
• 1M: -2.98%
• YTD: 8.48%
• 6M: 6.33%
• 1Y: 34.24%
• 3Y*: 32.23%
• 5Y*: 9.95%
• 10Y*: —

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

SPAX vs. SFYF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPAX Robinson Alternative Yield Pre-merger SPAC ETF	0.00%	0.02%	5.11%	6.63%	1.25%	1.96%
SFYF SoFi Social 50 ETF	8.48%	30.00%	44.62%	56.80%	-47.73%	-2.44%

Correlation

The correlation between SPAX and SFYF 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 (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 23, 2021	0.03

Return for Risk

SPAX vs. SFYF — Risk / Return Rank

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

SPAX

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

SFYF

SFYF Risk / Return Rank: 50
SFYF Sharpe Ratio Rank: 55
SFYF Sortino Ratio Rank: 49
SFYF Omega Ratio Rank: 50
SFYF Calmar Ratio Rank: 48
SFYF Martin Ratio Rank: 46

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.

SPAX vs. SFYF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and SoFi Social 50 ETF (SFYF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPAX	SFYF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.75	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.27	—
Martin ratio: Return relative to average drawdown	—	7.28	—

Drawdowns

Drawdown Indicators

	SPAX	SFYF	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	—	-7.13%	—
Average Drawdown Average peak-to-trough decline	—	-16.49%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.72%	—

Volatility

Volatility by Period

	SPAX	SFYF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	29.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	30.69%	—

SPAX vs. SFYF - Expense Ratio Comparison

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

Dividends

SPAX vs. SFYF - Dividend Comparison

SPAX has not paid dividends to shareholders, while SFYF's dividend yield for the trailing twelve months is around 0.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SFYF SoFi Social 50 ETF	0.30%	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 SPAX and SFYF in my portfolio?

SPAX and SFYF 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, SPAX or SFYF?

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, SPAX or SFYF?

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

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

SFYF has the higher dividend yield at 0.30%, compared with 0.00% for SPAX.

What is the main difference between SPAX and SFYF?

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