Skip to Content
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)
$1,898,530
AUM
$422,718,175
Associated Index
Prime Mobile Payments Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VALT
ETF Managers Trust - ETFMG Sit Ultra Short ETF
10.25%
MA
Mastercard Incorporated - Ordinary Shares - Class A
6.57%
V
Visa Inc - Ordinary Shares - Class A
6.43%
FISV
Fiserv, Inc.
6.14%
AXP
American Express Co.
5.73%
PYPL
PayPal Holdings Inc
5.33%
ADYEN
ADYEN NV
5.17%
SQ
Block Inc - Ordinary Shares - Class A
3.58%
FIS
Fidelity National Information Services, Inc.
3.43%
DFS
Discover Financial Services
3.15%
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, EUSA

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
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth 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 -0.0287%. This is the percent change in the value of IPAY over the most recent 1-month period. The 3-month return on IPAY is -0.044%. 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 0.2924%. 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 IGF, EFG, and PBW.

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

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

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.