FINX vs. IPAY
Compare and contrast key facts about Global X FinTech ETF (FINX) and ETFMG Prime Mobile Payments ETF (IPAY).
FINX and IPAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FINX is a passively managed fund by Global X that tracks the performance of the Indxx Global FinTech Thematic Index. It was launched on Sep 12, 2016. IPAY is a passively managed fund by ETFMG that tracks the performance of the Prime Mobile Payments Index. It was launched on Jul 15, 2015. Both FINX and IPAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FINX or IPAY.
Key characteristics
| FINX | IPAY | |
|---|---|---|
| YTD Return | 27.28% | 27.02% |
| 1Y Return | 56.64% | 45.80% |
| 3Y Return (Ann) | -12.27% | -2.99% |
| 5Y Return (Ann) | 2.91% | 4.30% |
| Sharpe Ratio | 2.71 | 2.54 |
| Sortino Ratio | 3.54 | 3.44 |
| Omega Ratio | 1.43 | 1.42 |
| Calmar Ratio | 1.07 | 1.14 |
| Martin Ratio | 10.99 | 9.12 |
| Ulcer Index | 5.69% | 5.59% |
| Daily Std Dev | 23.12% | 20.07% |
| Max Drawdown | -63.53% | -51.75% |
| Current Drawdown | -34.74% | -19.16% |
Correlation
The correlation between FINX and IPAY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FINX vs. IPAY - Performance Comparison
The year-to-date returns for both stocks are quite close, with FINX having a 27.28% return and IPAY slightly lower at 27.02%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FINX vs. IPAY - Expense Ratio Comparison
FINX has a 0.68% expense ratio, which is lower than IPAY's 0.75% expense ratio.
Risk-Adjusted Performance
FINX vs. IPAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) and ETFMG Prime Mobile Payments ETF (IPAY). 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.
Dividends
FINX vs. IPAY - Dividend Comparison
FINX's dividend yield for the trailing twelve months is around 0.18%, more than IPAY's 0.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | 0.18% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% | 0.00% |
IPAY ETFMG Prime Mobile Payments ETF | 0.09% | 0.09% | 0.00% | 0.00% | 0.00% | 0.03% | 0.66% | 0.03% | 0.49% |
Drawdowns
FINX vs. IPAY - Drawdown Comparison
The maximum FINX drawdown since its inception was -63.53%, which is greater than IPAY's maximum drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for FINX and IPAY. For additional features, visit the drawdowns tool.
Volatility
FINX vs. IPAY - Volatility Comparison
Global X FinTech ETF (FINX) and ETFMG Prime Mobile Payments ETF (IPAY) have volatilities of 7.67% and 8.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.