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.
Performance
FINX vs. IPAY - Performance Comparison
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FINX vs. IPAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | -21.51% | -5.20% | 23.02% | 33.15% | -51.80% | -9.65% | 53.76% | 37.52% | 0.82% | 49.96% |
IPAY ETFMG Prime Mobile Payments ETF | -17.75% | -9.55% | 25.88% | 18.21% | -32.38% | -12.72% | 34.22% | 41.80% | 0.17% | 36.34% |
Returns By Period
In the year-to-date period, FINX achieves a -21.51% return, which is significantly lower than IPAY's -17.75% return.
FINX
- 1D
- 3.82%
- 1M
- -5.41%
- YTD
- -21.51%
- 6M
- -30.69%
- 1Y
- -15.71%
- 3Y*
- 4.07%
- 5Y*
- -11.38%
- 10Y*
- —
IPAY
- 1D
- 2.51%
- 1M
- -5.29%
- YTD
- -17.75%
- 6M
- -24.46%
- 1Y
- -18.94%
- 3Y*
- 1.41%
- 5Y*
- -8.65%
- 10Y*
- 6.12%
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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.
Return for Risk
FINX vs. IPAY — Risk / Return Rank
FINX
IPAY
FINX vs. IPAY - Risk-Adjusted Trends 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.
| FINX | IPAY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.49 | -0.69 | +0.20 |
Sortino ratioReturn per unit of downside risk | -0.51 | -0.84 | +0.33 |
Omega ratioGain probability vs. loss probability | 0.94 | 0.89 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.61 | +0.17 |
Martin ratioReturn relative to average drawdown | -1.08 | -1.45 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FINX | IPAY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | -0.69 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.34 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.21 | -0.02 |
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.
Dividends
FINX vs. IPAY - Dividend Comparison
FINX's dividend yield for the trailing twelve months is around 0.74%, less than IPAY's 0.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | 0.74% | 0.58% | 0.72% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% |
IPAY ETFMG Prime Mobile Payments ETF | 0.96% | 0.79% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
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Drawdown Indicators
| FINX | IPAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.53% | -51.75% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.58% | -31.31% | -5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -63.53% | -51.75% | -11.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.75% | — |
Current DrawdownCurrent decline from peak | -53.06% | -40.45% | -12.61% |
Average DrawdownAverage peak-to-trough decline | -24.00% | -16.35% | -7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.90% | 13.05% | +1.85% |
Volatility
FINX vs. IPAY - Volatility Comparison
Global X FinTech ETF (FINX) has a higher volatility of 9.87% compared to ETFMG Prime Mobile Payments ETF (IPAY) at 7.11%. This indicates that FINX's price experiences larger fluctuations and is considered to be riskier than IPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINX | IPAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.87% | 7.11% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 17.96% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.20% | 27.48% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.14% | 25.81% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.68% | 25.19% | +3.49% |