FINX vs. IPAY
FINX (Global X FinTech ETF) and IPAY (ETFMG Prime Mobile Payments ETF) are both Technology Equities funds - FINX tracks the Indxx Global FinTech Thematic Index while IPAY tracks the Prime Mobile Payments Index. Both are passively managed. Over the past 5 years, FINX returned -9.92%/yr vs -5.73%/yr for IPAY. Their correlation of 0.90 means they have usually moved in the same direction. FINX charges 0.68%/yr vs 0.75%/yr for IPAY.
Performance
FINX vs. IPAY - Performance Comparison
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Returns By Period
In the year-to-date period, FINX achieves a -10.62% return, which is significantly lower than IPAY's -2.46% return.
FINX
- 1D
- 2.70%
- 1M
- 2.70%
- 6M
- -1.22%
- YTD
- -10.62%
- 1Y
- -19.54%
- 3Y*
- 4.85%
- 5Y*
- -9.92%
- 10Y*
- —
- ALL TIME*
- 6.68%
IPAY
- 1D
- 1.56%
- 1M
- 4.88%
- 6M
- 3.61%
- YTD
- -2.46%
- 1Y
- -9.51%
- 3Y*
- 6.01%
- 5Y*
- -5.73%
- 10Y*
- 7.66%
- ALL TIME*
- 6.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.02M | $1.90M | $2.11M | |
| $3.69M | $3.96M | $2.49M |
FINX vs. IPAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | -10.62% | -5.20% | 23.02% | 33.15% | -51.80% | -9.65% | 53.76% | 37.52% | 0.82% | 49.96% |
IPAY ETFMG Prime Mobile Payments ETF | -2.46% | -9.55% | 25.88% | 18.21% | -32.38% | -12.72% | 34.22% | 41.80% | 0.17% | 36.34% |
Correlation
The correlation between FINX and IPAY is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2016 | 0.90 |
The correlation between FINX and IPAY has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
FINX vs. IPAY - Sectors Allocation Comparison
Sectors
FINX
IPAY
Technology
Financial Services
Industrials
Healthcare
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Real Estate
-
-
Utilities
-
-
Technology
FINX
IPAY
Financial Services
FINX
IPAY
Industrials
FINX
IPAY
Healthcare
FINX
IPAY
-
Basic Materials
FINX
-
IPAY
-
Communication Services
FINX
-
IPAY
-
Consumer Cyclical
FINX
-
IPAY
-
Consumer Defensive
FINX
-
IPAY
-
Energy
FINX
-
IPAY
-
Real Estate
FINX
-
IPAY
-
Utilities
FINX
-
IPAY
-
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FINX | IPAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.95 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.31 | -0.23 |
| Martin ratioReturn relative to average drawdown | -0.89 | -0.52 | -0.37 |
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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 | -36.45% | -30.88% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -36.58% | -32.74% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -63.53% | -51.49% | -12.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.75% | — |
Current DrawdownCurrent decline from peak | -46.55% | -29.38% | -17.17% |
Average DrawdownAverage peak-to-trough decline | -24.85% | -16.93% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.97% | 18.21% | +3.76% |
Volatility
FINX vs. IPAY - Volatility Comparison
Global X FinTech ETF (FINX) has a higher volatility of 7.63% 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 | 7.63% | 7.11% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 24.35% | 19.94% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.23% | 24.73% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.71% | 26.33% | +5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.73% | 25.43% | +3.30% |
FINX vs. IPAY - Expense Ratio Comparison
FINX has a 0.68% expense ratio, which is lower than IPAY's 0.75% expense ratio.
Dividends
FINX vs. IPAY - Dividend Comparison
FINX's dividend yield for the trailing twelve months is around 0.81%, which matches IPAY's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FINX Global X FinTech ETF | 0.81% | 0.58% | 0.72% | 0.21% | 0.27% | 5.40% | 0.00% | 0.00% | 0.18% | 0.11% |
IPAY ETFMG Prime Mobile Payments ETF | 0.81% | 0.79% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FINX and IPAY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FINX has higher volatility (7.63%) compared to IPAY (7.11%). In terms of maximum drawdown, FINX dropped -63.53% vs IPAY's -51.75%.
On 5-year performance, IPAY leads with -5.73% vs -9.92% for FINX. On fees, FINX is cheaper at 0.68% per year. On volatility, IPAY has been the lower-risk option at 7.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IPAY has performed better with a -5.73% return vs -9.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FINX is cheaper with a 0.68% expense ratio, compared with 0.75% for IPAY.
FINX and IPAY have nearly identical dividend yields, around 0.81%.
FINX tracks Indxx Global FinTech Thematic Index, while IPAY tracks Prime Mobile Payments Index. They also come from different issuers: Global X and ETFMG. Their fees differ too: 0.68% for FINX and 0.75% for IPAY.
IPAY currently has the higher Sharpe Ratio (-0.39 vs -0.65), 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.
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