ETF Evaluator:
SoFi Enhanced Yield ETF (THTA)
Follow This ETF
(as of Aug 07)
Best Performing in Short Government Over the Last Year
| 16.0% | SoFi Enhanced Yield ETF (THTA) |
| 4.9% | First Trust Low Duration Oppos ETF (LMBS) |
| 3.9% | Xtrackers US 0-1 Year Treasury ETF (TRSY) |
| 3.8% | Franklin Short Duration US Govt ETF (FTSD) |
| 3.8% | Short Government () |
Risk
Index
Risk
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ETF Details
SoFi Enhanced Yield ETF Overview
SoFi Enhanced Yield ETF (THTA) is an actively managed Taxable Bond Short Government exchange-traded fund (ETF). SoFi launched the ETF in 2023.
The investment seeks current income.
The fund seeks to achieve its objective by combining a strategy of holding U.S. Treasury Bills and/or U.S. Treasury Bonds, with a “credit spread” option strategy to seek to generate enhanced yield. Its net asset holdings will generally be invested as 2-5% Cash and cash equivalents; 95-100% Treasury securities; Up to 90% Credit Spreads. The fund will invest in a portfolio of U.S. Treasury Bills and/or U.S. Treasury Bonds with a targeted portfolio duration of approximately one year and that the adviser believes will generate annual interest income and capital gains. It is non-diversified.
About SoFi Enhanced Yield ETF (THTA)
There are 3 members of the management team with an average tenure of 0.97 years: Scott Snyder (2026), Jay Pestrichelli (2023) and Chris Vella (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. SoFi Enhanced Yield ETF has 10 securities in its portfolio. The top 10 holdings constitute 129.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
SoFi Enhanced Yield ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. SoFi Enhanced Yield ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -1.7% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 42.4% (42.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SoFi Enhanced Yield ETF has 58.0% of the portfolio in cash.
Assets Under Management
The fund has $54 million in total assets, which is below the $3 billion average for the Short Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
THTA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SoFi Enhanced Yield ETF expense ratio is above average compared to funds in the Short Government category. SoFi Enhanced Yield ETF has an expense ratio of 0.65%, which is 344% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SoFi Enhanced Yield ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 190% for the Short Government category.
Recently, in the month of July 2026, SoFi Enhanced Yield ETF returned 0.9%, which earned it a grade of A, as the Short Government category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
SoFi Enhanced Yield ETF has a trailing yield of 10.97%, which is above the 4.28% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SoFi Enhanced Yield ETF Grades
Year to date, the ETF has returned 8.9%, 7.8 percentage points better than the category, which translates into a grade of A. The fund has returned 16.0% over the past year (grade of A).
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THTA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| THTA Return (NAV) | 0.9% | 2.7% | 16.0% | na | na | na |
| THTA Return (Price) | 1.3% | 3.2% | 16.9% | na | na | na |
| NAV +/- Price Return | -0.430% | -0.533% | -0.917% | na | na | na |
| Short Government Avg | 0.1% | 0.4% | 3.8% | 4.4% | 2.0% | 1.9% |
| THTA Grade (NAV) | A | A | A | na | na | na |
| +/- Category (NAV) | 0.8% | 2.4% | 12.2% | na | na | na |
| THTA Tax-Cost Ratio | na | na | 4.5% | na | na | na |
THTA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| THTA Return (NAV) | 8.9% | -10.3% | 7.2% | na | na | na | na | na | na | na | na |
| THTA Return (Price) | 9.5% | -10.2% | 7.3% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.063% | -0.001% | 0.016% | na | na | na | na | na | na | na | na |
| Short Government Avg | 1.2% | 4.5% | 4.2% | 4.5% | -4.2% | -0.8% | 3.3% | 3.8% | 1.4% | 0.9% | 1.8% |
| THTA Grade (NAV) | A | F | A | na | na | na | na | na | na | na | na |
| +/- Category | 7.8% | -14.8% | 3.0% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 11.0% |
| Total Assets: | $ 54 Mil |
| Share Class Assets: | $ 54 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Pestrichelli Jay (2023), Vella Chris (2026), Snyder Scott (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 129.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -1.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 42.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.3% |
| Cash: | 58.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | SoFi |
| Phone Number: | 877-358-0096 |
| Website: | |
| Inception Date: | November 14, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.15% |
