FINX vs. BPAY

Last updated Jun 4, 2026

FINX (Global X FinTech ETF) and BPAY (BlackRock Future Financial and Technology ETF) are both exchange-traded funds - FINX is a Technology Equities fund tracking the Indxx Global FinTech Thematic Index, while BPAY is a Financials Equities fund actively managed by BlackRock. FINX is passively managed, while BPAY is actively managed. Over the past 3 years, FINX returned 5.77%/yr vs 8.49%/yr for BPAY. Their correlation of 0.89 suggests significant overlap in exposure. FINX charges 0.68%/yr vs 0.70%/yr for BPAY.

Performance

FINX vs. BPAY - Performance Comparison

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

Returns By Period

In the year-to-date period, FINX achieves a -16.28% return, which is significantly lower than BPAY's -12.44% return.

FINX

• 1D: -4.72%
• 1M: -5.30%
• YTD: -16.28%
• 6M: -18.85%
• 1Y: -20.58%
• 3Y*: 5.77%
• 5Y*: -10.20%
• 10Y*: —

BPAY

• 1D: -4.23%
• 1M: -4.47%
• YTD: -12.44%
• 6M: -14.32%
• 1Y: -10.80%
• 3Y*: 8.49%
• 5Y*: —
• 10Y*: —

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

FINX vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FINX Global X FinTech ETF	-16.28%	-5.20%	23.02%	33.15%	-25.44%
BPAY BlackRock Future Financial and Technology ETF	-12.44%	8.54%	17.28%	13.19%	-16.39%

Correlation

The correlation between FINX and BPAY is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.89

The correlation between FINX and BPAY has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

FINX vs. BPAY - Sectors Allocation Comparison

Sectors	FINX	BPAY
Technology	56.4%	36.4%
Financial Services	38.6%	53.0%
Industrials	3.7%	4.6%
Healthcare	1.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	6.0%
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	2.2%
Utilities	-	-

Return for Risk

FINX vs. BPAY — Risk / Return Rank

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

FINX

FINX Risk / Return Rank: 3
FINX Sharpe Ratio Rank: 3
FINX Sortino Ratio Rank: 3
FINX Omega Ratio Rank: 3
FINX Calmar Ratio Rank: 4
FINX Martin Ratio Rank: 4

BPAY

BPAY Risk / Return Rank: 5
BPAY Sharpe Ratio Rank: 5
BPAY Sortino Ratio Rank: 5
BPAY Omega Ratio Rank: 5
BPAY Calmar Ratio Rank: 6
BPAY Martin Ratio Rank: 6

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.

FINX vs. BPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) and BlackRock Future Financial and Technology ETF (BPAY). 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.

	FINX	BPAY	Difference
Sharpe ratio Return per unit of total volatility	-0.70	-0.42	-0.29
Sortino ratio Return per unit of downside risk	-0.83	-0.42	-0.41
Omega ratio Gain probability vs. loss probability	0.90	0.95	-0.05
Calmar ratio Return relative to maximum drawdown	-0.56	-0.32	-0.24
Martin ratio Return relative to average drawdown	-1.09	-0.64	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FINX vs. BPAY - Sharpe Ratio Comparison

The current FINX Sharpe Ratio is -0.70, which is lower than the BPAY Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of FINX and BPAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FINX	BPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.70	-0.42	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.06	+0.15

Drawdowns

FINX vs. BPAY - Drawdown Comparison

The maximum FINX drawdown since its inception was -63.53%, which is greater than BPAY's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for FINX and BPAY.

Drawdown Indicators

	FINX	BPAY	Difference
Max Drawdown Largest peak-to-trough decline	-63.53%	-33.62%	-29.91%
Max Drawdown (1Y) Largest decline over 1 year	-36.58%	-33.62%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-36.58%	-33.62%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	-63.53%	—	—
Current Drawdown Current decline from peak	-49.93%	-26.03%	-23.90%
Average Drawdown Average peak-to-trough decline	-24.45%	-10.54%	-13.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.98%	16.98%	+2.00%

Volatility

FINX vs. BPAY - Volatility Comparison

Global X FinTech ETF (FINX) has a higher volatility of 8.15% compared to BlackRock Future Financial and Technology ETF (BPAY) at 6.91%. This indicates that FINX's price experiences larger fluctuations and is considered to be riskier than BPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FINX	BPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	6.91%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	22.78%	18.71%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	29.36%	26.01%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.40%	24.35%	+7.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.73%	24.35%	+4.38%

FINX vs. BPAY - Expense Ratio Comparison

FINX has a 0.68% expense ratio, which is lower than BPAY's 0.70% expense ratio.

Dividends

FINX vs. BPAY - Dividend Comparison

FINX's dividend yield for the trailing twelve months is around 0.69%, less than BPAY's 7.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPAY BlackRock Future Financial and Technology ETF	7.41%	6.49%	0.48%	1.18%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
FINX Global X FinTech ETF	0.69%	0.58%	0.72%	0.21%	0.27%	5.40%	0.00%	0.00%	0.18%	0.11%

Frequently Asked Questions

Can I hold both FINX and BPAY in my portfolio?

With a correlation of 0.92, FINX and BPAY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FINX or BPAY?

FINX has higher volatility (8.15%) compared to BPAY (6.91%). In terms of maximum drawdown, FINX dropped -63.53% vs BPAY's -33.62%.

Which ETF is better, FINX or BPAY?

On 3-year performance, BPAY leads with 8.49% vs 5.77% for FINX. On fees, FINX is cheaper at 0.68% per year. On volatility, BPAY has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FINX or BPAY?

Over the 3-year period, BPAY has performed better with a 8.49% return vs 5.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FINX or BPAY?

FINX is cheaper with a 0.68% expense ratio, compared with 0.70% for BPAY.

Which ETF pays a higher dividend yield, FINX or BPAY?

BPAY has the higher dividend yield at 7.41%, compared with 0.69% for FINX.

What is the main difference between FINX and BPAY?

FINX is categorized as Technology Equities, while BPAY is Financials Equities. They also come from different issuers: Global X and BlackRock. Their fees differ too: 0.68% for FINX and 0.70% for BPAY.

Which has better risk-adjusted returns?

BPAY currently has the higher Sharpe Ratio (-0.42 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.