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ETFs

ETFMG Prime Mobile Payments ETF

IPAY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 16 2015
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$1,498,787
AUM
$359,325,330
Associated Index
Prime Mobile Payments Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MA
Mastercard Incorporated - Ordinary Shares - Class A
6.17%
AXP
American Express Co.
6.13%
V
Visa Inc - Ordinary Shares - Class A
6.06%
FI
Fiserv, Inc.
6.05%
PYPL
PayPal Holdings Inc
5.86%
FIS
Fidelity National Information Services, Inc.
3.82%
GPN
Global Payments, Inc.
3.56%
SQ
Block Inc - Ordinary Shares - Class A
3.06%
DFS
Discover Financial Services
2.93%
FLT
Fleetcor Technologies Inc
2.84%
Invest with IPAY

What is IPAY?

The ETFMG Prime Mobile Payments ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

ETFs related toIPAY

ETFs correlated to IPAY include FINX, VXF, VBK

IPAY
ETF Managers Group LLC - ETFMG Prime Mobile Payments ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIPAY

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with IPAY using Composer

FAQ

IPAY is a Global Equities ETF. The ETFMG Prime Mobile Payments ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

IPAY tracks the Prime Mobile Payments Index.

No, IPAY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IPAY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IPAY is -0.025%. This is the percent change in the value of IPAY over the most recent 1-month period. The 3-month return on IPAY is -0.0432%. This is the percent change in the value of IPAY over the most recent 3-month period.

The standard deviation of IPAY for the past year is 0.2453%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IPAY include PBW, IGF, and ARKK.

ETFs correlated to IPAY include FINX, VXF, and VBK.

ETFs that are inversely correlated to IPAY include HIBS, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.