BYOB
SoFi Be Your Own Boss ETF
The SoFi Gig Economy ETF seeks long-term capital appreciation by providing exposure to companies involved in the revolutionary shift towards a “gig” economy—a free-market system comprised of freelancers and shared resources, such as transport and real estate.
Global
EQUITY
Active
MANAGEMENT STYLE
59 bp
EXPENSES
$6.9 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | SoFi |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | May 07, 2019 |
| Assets (mns) | $7 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COINBASE GLOBAL, INC. CLASS A | 5.9 % |
| SHOPIFY, INC. CLASS A | 4.4 % |
| SPOTIFY TECHNOLOGY SA | 4.0 % |
| UBER TECHNOLOGIES, INC. | 3.8 % |
| UIPATH INC CLASS A | 3.7 % |
| MERCADOLIBRE INC | 3.7 % |
| DRAFTKINGS INC CLASS A | 3.4 % |
| AIRBNB, INC. CLASS A | 3.4 % |
| OSCAR HEALTH, INC. CLASS A | 3.3 % |
| STONECO LTD. CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 250 |
| Wgt avg mkt cap (mns) | $97,600 |
| Large cap (>$10bn) | 70.6% |
| Mid cap ($2-10bn) | 17.5% |
| Small cap (<$2bn) | 12.0% |
| Developed mkts. | 83.8% |
| Emerging mkts. | 16.2% |
Country Exposure
 |
UNITED STATES | 58.6 % |
 |
CHINA | 14.7 % |
 |
CANADA | 5.1 % |
 |
ISRAEL | 4.2 % |
 |
LUXEMBOURG | 4.0 % |
 |
ARGENTINA | 3.7 % |
 |
BRAZIL | 3.1 % |
 |
JAPAN | 1.3 % |
 |
NETHERLANDS | 1.1 % |
 |
GERMANY | 0.6 % |
Historical Performance
Standardized Performance (as of 01/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -4.6% | 16.6% | -12.1% | -21.1% | -- | -- | 1.2% | Volatility | 42.5% | 40.7% | 38.2% | 36.0% | 34.1% | 34.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.41 | 52% |
| MSCI EAFE | 1.38 | 47% |
| MSCI Emg Mkts | 1.42 | 52% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 1.51% |
| ADV of underlying (mns) | $43,675 |
Technical Indicators
| Recent close | $19.19 |
| 30d moving avg. | $17.08 |
| Annualized volatility | 34.3% |
| Relative strength (RSI) | 80 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BYOB |
Expenses vs. BYOB |
ALTAR Score™ vs. BYOB |
|---|
Risk and Returns: BYOB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 2/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BYOB
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BYOB
0.0%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.0% |
Recommendation
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. BYOB's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places BYOB in the percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BYOB
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| BYOB (59 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BYOB | 59.0 | 150.9 | 209.9 |
| Peer Avg. | 71.8 | 35.5 | 107.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .