The YouTuber suggests this ETF as an alternative to traditional S&P 500 funds, as it weights stocks by fundamental factors like sales growth rather than just market cap. He appreciates that it's less dominated by mega-cap names like Apple and Microsoft, offering more exposure to companies like Amazon and greater diversification across sectors, which he believes is a better approach than blind market cap weighting.
“I've always hated that the S P 500 just blindly weights the index by that company size which basically means it's dominated by just a handful of super large companies but only time will tell if sofi's method of waiting is going to be better”