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.
Fund Basics
| Fund sponsor | SoFi |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 07, 2019 |
| Assets (mns) | $6 |
| 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 +
| AIRBNB, INC. CLASS A | 3.8 % |
| SHOPIFY, INC. CLASS A | 3.7 % |
| COINBASE GLOBAL, INC. CLASS A | 3.5 % |
| MERCADOLIBRE INC | 3.4 % |
| SPOTIFY TECHNOLOGY SA | 3.3 % |
| UIPATH INC CLASS A | 3.2 % |
| DRAFTKINGS INC CLASS A | 2.9 % |
| UBER TECHNOLOGIES, INC. | 2.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.8 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 2.7 % |
Constituent Breakdown
| Number of holdings | 76 |
| Herfindahl-Hirschman Index | 213 |
| Wgt avg mkt cap (mns) | $85,948 |
| Large cap (>$10bn) | 63.4% |
| Mid cap ($2-10bn) | 20.7% |
| Small cap (<$2bn) | 15.8% |
| Developed mkts. | 80.9% |
| Emerging mkts. | 19.1% |
Country Exposure
 |
UNITED STATES | 56.7 % |
 |
CHINA | 19.6 % |
 |
CANADA | 4.6 % |
 |
ISRAEL | 4.4 % |
 |
ARGENTINA | 3.4 % |
 |
LUXEMBOURG | 3.3 % |
 |
BRAZIL | 2.5 % |
 |
NETHERLANDS | 2.0 % |
 |
JAPAN | 1.4 % |
 |
SINGAPORE | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 18.3% | 11.7% | -33.0% | -17.3% | -- | -- | -4.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.24 | 46% |
| MSCI EAFE | 1.16 | 41% |
| MSCI Emg Mkts | 1.34 | 52% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $22,002 |
Technical Indicators
| Recent close | $15.10 |
| 30d moving avg. | $15.70 |
| Annualized volatility | 33.1% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| 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 |
|---|---|---|---|---|
| PNQI | Invesco NASDAQ Internet ETF | 28.3% | +1 bp | +6.0% |
| ARKW | ARK Web x.0 ETF | 27.7% | +29 bp | -2.1% |
| ARKF | ARK Fintech Innovation ETF | 26.7% | +16 bp | +0.7% |
| OGIG | O'Shares Global Internet Giants ETF | 26.3% | -11 bp | +3.5% |
| ARKK | ARK Innovation ETF | 23.5% | +16 bp | -3.8% |
| BWEB | Bitwise Web3 ETF | 19.4% | +26 bp | +5.2% |
| PLAT | WisdomTree Modern Tech Platforms Fund | 19.1% | -39 bp | +3.8% |
| MVPS | Amplify Thematic All-Stars ETF | 18.5% | -10 bp | +5.3% |
| TRFM | AAM Transformers ETF | 18.3% | -10 bp | +4.8% |
| ISHP | First Trust S-Network E-Commerce ETF | 18.2% | +1 bp | +7.5% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 10/2/2023
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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
-3.4%
Cat. Avg
3.8%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -3.4% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 349 funds in the Global Equities category, with an average ALTAR Score™
of 3.8% and a standard deviation of
5.0%. BYOB's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places BYOB in the 7th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BYOB | 59.0 | 50.6 | 109.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .