SFY.P Suffers $253K Outflow Amid Passive Fund Competition

ETF Overview and Capital Flows

The SoFi Select 500 ETF (SFY.P) tracks a multi-factor-weighted index of U.S. large-cap equities, focusing on market-cap-driven exposure to broad equity markets. Structured as a passive equity fund, it charges a 0.05% expense ratio and maintains a long-only, non-leveraged position. Recent capital flows on January 26, 2026, show a net outflow of $253,259 across all order types, with block and extra-large orders contributing to the decline.

Peer ETF Snapshot

• AGG.P offers a 0.03% expense ratio, $138 billion in AUM, and a leverage ratio of 1.0.
• AVIG.P holds $2 billion in assets with a 0.15% expense ratio and 1.0 leverage.
• AGGH.P charges 0.30% in fees, manages $357 million, and maintains a 1.0 leverage ratio.
• APMU.P has a 0.37% expense ratio, $213 million in AUM, and 1.0 leverage.

Opportunities and Structural Constraints

SFY.P’s low expense ratio and focus on large-cap equities position it as a cost-efficient option for broad market exposure. However, recent outflows suggest caution among investors, potentially reflecting broader market hesitancy or competitive pressures from peers like AGG.P, which dominates in AUM. The fund’s non-leveraged structure limits volatility but may reduce appeal in rising markets. At the end of the day, its performance will hinge on the resilience of the underlying large-cap equity index and investor sentiment toward passive strategies.