SPAX vs. SFYX
SPAX (Robinson Alternative Yield Pre-merger SPAC ETF) and SFYX (SoFi Next 500 ETF) are both exchange-traded funds - SPAX is a Event Driven fund actively managed by Toroso Investments, while SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index. SPAX is actively managed, while SFYX is passively managed. At a 0.02 correlation, their price movements are largely independent. SPAX charges 0.85%/yr vs 0.00%/yr for SFYX.
Performance
SPAX vs. SFYX - Performance Comparison
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Returns By Period
SPAX
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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SFYX
- 1D
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- 1M
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- YTD
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- 6M
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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SPAX vs. SFYX - 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% |
SFYX SoFi Next 500 ETF | 5.66% | 14.25% | 14.45% | 17.70% | -22.88% | 3.96% |
Correlation
The correlation between SPAX and SFYX 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 23, 2021 | 0.02 |
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Return for Risk
SPAX vs. SFYX - 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 Next 500 ETF (SFYX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
SPAX vs. SFYX - Drawdown Comparison
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Volatility
SPAX vs. SFYX - Volatility Comparison
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SPAX vs. SFYX - Expense Ratio Comparison
SPAX has a 0.85% expense ratio, which is higher than SFYX's 0.00% expense ratio.
Dividends
SPAX vs. SFYX - Dividend Comparison
Neither SPAX nor SFYX has 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
SPAX and SFYX 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.
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.
SFYX is cheaper with a 0.00% expense ratio, compared with 0.85% for SPAX.
SFYX has the higher dividend yield at 1.36%, compared with 0.00% for SPAX.
SPAX is categorized as Event Driven, while SFYX is Mid Cap Growth Equities. Their fees differ too: 0.85% for SPAX and 0.00% for SFYX.
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