While the Nasdaq Composite, a benchmark index for the tech industry, has rallied more than 22% this year, the one-stop-shop financial services company and digital bank SoFi (NASDAQ: SOFI) is only up about 10.5% this year.

SoFi has seen its stock struggle since reporting its first-quarter earnings, which beat consensus estimates and included a small raise to the company's full-year guidance.

The market has been worried about SoFi's large-and-growing personal loan portfolio and how management is marking those assets and preparing for loan losses. It's clear the market is very skeptical of SoFi right now. Here's why.

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Source Fool.com