HACK vs. IPAY

Last updated Jun 4, 2026

HACK (ETFMG Prime Cyber Security ETF) and IPAY (ETFMG Prime Mobile Payments ETF) are both Technology Equities funds from ETFMG - HACK tracks the Prime Cyber Defense Index while IPAY tracks the Prime Mobile Payments Index. Both are passively managed. Over the past 10 years, HACK returned 15.84%/yr vs 5.98%/yr for IPAY. A 0.70 correlation means they provide meaningful diversification when combined. HACK charges 0.60%/yr vs 0.75%/yr for IPAY.

Performance

HACK vs. IPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Prime Cyber Security ETF (HACK) and ETFMG Prime Mobile Payments ETF (IPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HACK achieves a 27.17% return, which is significantly higher than IPAY's -16.45% return. Over the past 10 years, HACK has outperformed IPAY with an annualized return of 15.84%, while IPAY has yielded a comparatively lower 5.98% annualized return.

HACK

• 1D: -3.00%
• 1M: 24.54%
• YTD: 27.17%
• 6M: 21.31%
• 1Y: 21.52%
• 3Y*: 27.72%
• 5Y*: 11.82%
• 10Y*: 15.84%

IPAY

• 1D: -4.17%
• 1M: -9.09%
• YTD: -16.45%
• 6M: -16.03%
• 1Y: -23.21%
• 3Y*: 1.92%
• 5Y*: -8.70%
• 10Y*: 5.98%

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

HACK vs. IPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HACK ETFMG Prime Cyber Security ETF	27.17%	7.97%	23.49%	37.44%	-28.16%	7.03%	41.51%	23.39%	6.61%	19.68%
IPAY ETFMG Prime Mobile Payments ETF	-16.45%	-9.55%	25.88%	18.21%	-32.38%	-12.72%	34.22%	41.80%	0.17%	36.34%

Correlation

The correlation between HACK and IPAY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 17, 2015	0.70

The correlation between HACK and IPAY shifts across timeframes, from 0.54 (1 year) to 0.71 (10 years), reflecting how their relationship changes across market environments.

HACK vs. IPAY - Sectors Allocation Comparison

Sectors	HACK	IPAY
Technology	93.0%	54.6%
Industrials	6.9%	4.1%
Financial Services	0.1%	41.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HACK vs. IPAY — Risk / Return Rank

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

HACK

HACK Risk / Return Rank: 23
HACK Sharpe Ratio Rank: 24
HACK Sortino Ratio Rank: 23
HACK Omega Ratio Rank: 24
HACK Calmar Ratio Rank: 23
HACK Martin Ratio Rank: 21

IPAY

IPAY Risk / Return Rank: 2
IPAY Sharpe Ratio Rank: 1
IPAY Sortino Ratio Rank: 2
IPAY Omega Ratio Rank: 2
IPAY Calmar Ratio Rank: 3
IPAY Martin Ratio Rank: 2

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.

HACK vs. IPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Cyber Security ETF (HACK) 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.

	HACK	IPAY	Difference
Sharpe ratio: Return per unit of total volatility	0.85	-0.98	+1.83
Sortino ratio: Return per unit of downside risk	1.27	-1.26	+2.53
Omega ratio: Gain probability vs. loss probability	1.16	0.84	+0.32
Calmar ratio: Return relative to maximum drawdown	1.05	-0.74	+1.79
Martin ratio: Return relative to average drawdown	2.52	-1.42	+3.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HACK vs. IPAY - Sharpe Ratio Comparison

The current HACK Sharpe Ratio is 0.85, which is higher than the IPAY Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of HACK and IPAY, 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

	HACK	IPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	-0.98	+1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	-0.34	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.24	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.21	+0.36

Drawdowns

HACK vs. IPAY - Drawdown Comparison

The maximum HACK drawdown since its inception was -42.68%, smaller than the maximum IPAY drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for HACK and IPAY.

Drawdown Indicators

	HACK	IPAY	Difference
Max Drawdown Largest peak-to-trough decline	-42.68%	-51.75%	+9.07%
Max Drawdown (1Y) Largest decline over 1 year	-20.67%	-31.31%	+10.64%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	-32.74%	+10.84%
Max Drawdown (5Y) Largest decline over 5 years	-38.68%	-51.49%	+12.81%
Max Drawdown (10Y) Largest decline over 10 years	-38.68%	-51.75%	+13.07%
Current Drawdown Current decline from peak	-3.00%	-39.51%	+36.51%
Average Drawdown Average peak-to-trough decline	-11.63%	-16.67%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.58%	16.32%	-7.74%

Volatility

HACK vs. IPAY - Volatility Comparison

ETFMG Prime Cyber Security ETF (HACK) has a higher volatility of 10.68% compared to ETFMG Prime Mobile Payments ETF (IPAY) at 6.51%. This indicates that HACK'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.

Volatility by Period

	HACK	IPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	6.51%	+4.17%
Volatility (6M) Calculated over the trailing 6-month period	21.52%	18.19%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	25.47%	23.70%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.18%	26.04%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	25.38%	-2.11%

HACK vs. IPAY - Expense Ratio Comparison

HACK has a 0.60% expense ratio, which is lower than IPAY's 0.75% expense ratio.

Dividends

HACK vs. IPAY - Dividend Comparison

HACK's dividend yield for the trailing twelve months is around 0.06%, less than IPAY's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HACK ETFMG Prime Cyber Security ETF	0.06%	0.07%	0.14%	0.20%	0.24%	0.26%	1.11%	0.14%	0.09%	0.01%	1.23%
IPAY ETFMG Prime Mobile Payments ETF	0.94%	0.79%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HACK and IPAY in my portfolio?

HACK and IPAY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HACK or IPAY?

HACK has higher volatility (10.68%) compared to IPAY (6.51%). In terms of maximum drawdown, HACK dropped -42.68% vs IPAY's -51.75%.

Which ETF is better, HACK or IPAY?

On 10-year performance, HACK leads with 15.84% vs 5.98% for IPAY. On fees, HACK is cheaper at 0.60% per year. On volatility, IPAY has been the lower-risk option at 6.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HACK or IPAY?

Over the 10-year period, HACK has performed better with a 15.84% return vs 5.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HACK or IPAY?

HACK is cheaper with a 0.60% expense ratio, compared with 0.75% for IPAY.

Which ETF pays a higher dividend yield, HACK or IPAY?

IPAY has the higher dividend yield at 0.94%, compared with 0.06% for HACK.

What is the main difference between HACK and IPAY?

HACK tracks Prime Cyber Defense Index, while IPAY tracks Prime Mobile Payments Index. Their fees differ too: 0.60% for HACK and 0.75% for IPAY.

Which has better risk-adjusted returns?

HACK currently has the higher Sharpe Ratio (0.85 vs -0.98), 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.