SFY - The SoFi Select 500 ETF: A Zero-Fee Choice For The Hopeful Investor

• SFY is best suited for moderately aggressive investors that have a slight preference for growth. It currently has a zero expense ratio until at least June 2022.
• Short-term revenue and earnings growth rates are used to alter the allocations of 500 large-cap U.S. equities. It's unfortunate, since I would prefer to see a valuation screen, too.
• I've calculated SFY's forward P/E to be 30, about three points higher than the S&P 500. Estimated EPS growth is less than 2%, so it's not much of a bargain.
• Amazon and Tesla are the two primary overweighted stocks, so if you think these stocks are set to soar but don't want to invest directly in them, SFY is an efficient alternative.
• I'm biased against growth stocks today so my rating is capped at "hold", but with the recent pullback and the uncertainty surrounding the current earnings season, SFY isn't a bad choice for Index investors.

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