BPAY vs. PYPL

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Future Financial and Technology ETF (BPAY) and PayPal Holdings, Inc. (PYPL).

BPAY is an actively managed fund by BlackRock. It was launched on Aug 16, 2022.

Performance

BPAY vs. PYPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Future Financial and Technology ETF (BPAY) and PayPal Holdings, Inc. (PYPL). The values are adjusted to include any dividend payments, if applicable.

BPAY vs. PYPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BPAY BlackRock Future Financial and Technology ETF	-18.58%	8.54%	17.28%	13.19%	-16.39%
PYPL PayPal Holdings, Inc.	-22.29%	-31.44%	38.98%	-13.77%	-28.68%

Returns By Period

In the year-to-date period, BPAY achieves a -18.58% return, which is significantly higher than PYPL's -22.29% return.

BPAY

• 1D: 3.03%
• 1M: -6.21%
• YTD: -18.58%
• 6M: -26.92%
• 1Y: -3.62%
• 3Y*: 8.30%
• 5Y*: —
• 10Y*: —

PYPL

• 1D: 1.25%
• 1M: -1.82%
• YTD: -22.29%
• 6M: -32.19%
• 1Y: -30.31%
• 3Y*: -15.71%
• 5Y*: -28.74%
• 10Y*: 1.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BPAY vs. PYPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BPAY

BPAY Risk / Return Rank: 10
BPAY Sharpe Ratio Rank: 9
BPAY Sortino Ratio Rank: 10
BPAY Omega Ratio Rank: 10
BPAY Calmar Ratio Rank: 10
BPAY Martin Ratio Rank: 10

PYPL

PYPL Risk / Return Rank: 15
PYPL Sharpe Ratio Rank: 11
PYPL Sortino Ratio Rank: 14
PYPL Omega Ratio Rank: 13
PYPL Calmar Ratio Rank: 22
PYPL Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BPAY vs. PYPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) and PayPal Holdings, Inc. (PYPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BPAY	PYPL	Difference
Sharpe ratio Return per unit of total volatility	-0.12	-0.74	+0.61
Sortino ratio Return per unit of downside risk	0.03	-0.82	+0.85
Omega ratio Gain probability vs. loss probability	1.00	0.88	+0.12
Calmar ratio Return relative to maximum drawdown	-0.12	-0.61	+0.48
Martin ratio Return relative to average drawdown	-0.30	-1.37	+1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPAY vs. PYPL - Sharpe Ratio Comparison

The current BPAY Sharpe Ratio is -0.12, which is higher than the PYPL Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of BPAY and PYPL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BPAY	PYPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	-0.74	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.03	-0.05

Correlation

The correlation between BPAY and PYPL is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BPAY vs. PYPL - Dividend Comparison

BPAY's dividend yield for the trailing twelve months is around 7.97%, more than PYPL's 0.62% yield.

	TTM	2025	2024	2023	2022
BPAY BlackRock Future Financial and Technology ETF	7.97%	6.49%	0.48%	1.18%	0.18%
PYPL PayPal Holdings, Inc.	0.62%	0.24%	0.00%	0.00%	0.00%

Drawdowns

BPAY vs. PYPL - Drawdown Comparison

The maximum BPAY drawdown since its inception was -33.62%, smaller than the maximum PYPL drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for BPAY and PYPL.

Drawdown Indicators

	BPAY	PYPL	Difference
Max Drawdown Largest peak-to-trough decline	-33.62%	-87.30%	+53.68%
Max Drawdown (1Y) Largest decline over 1 year	-33.62%	-49.92%	+16.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-87.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.30%	—
Current Drawdown Current decline from peak	-31.22%	-85.26%	+54.04%
Average Drawdown Average peak-to-trough decline	-9.86%	-34.83%	+24.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.63%	22.00%	-8.37%

Volatility

BPAY vs. PYPL - Volatility Comparison

The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 7.93%, while PayPal Holdings, Inc. (PYPL) has a volatility of 9.59%. This indicates that BPAY experiences smaller price fluctuations and is considered to be less risky than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPAY	PYPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	9.59%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	19.05%	33.56%	-14.51%
Volatility (1Y) Calculated over the trailing 1-year period	29.28%	41.33%	-12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	42.00%	-17.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.20%	38.63%	-14.43%