IPAY vs. AWAY
IPAY (ETFMG Prime Mobile Payments ETF) and AWAY (ETFMG Travel Tech ETF) are both exchange-traded funds - IPAY is a Technology Equities fund tracking the Prime Mobile Payments Index, while AWAY is a Consumer Discretionary Equities fund tracking the Prime Travel Technology Index. Both are passively managed. Over the past 5 years, IPAY returned -5.73%/yr vs -5.40%/yr for AWAY. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.
Performance
IPAY vs. AWAY - Performance Comparison
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Returns By Period
In the year-to-date period, IPAY achieves a -2.46% return, which is significantly higher than AWAY's -3.76% return.
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%
AWAY
- 1D
- 3.10%
- 1M
- 7.52%
- 6M
- 1.50%
- YTD
- -3.76%
- 1Y
- -4.59%
- 3Y*
- 3.46%
- 5Y*
- -5.40%
- 10Y*
- —
- ALL TIME*
- -3.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.86K | $79.00K | $129.32K | |
| $3.69M | $3.96M | $2.49M |
IPAY vs. AWAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | -2.46% | -9.55% | 25.88% | 18.21% | -32.38% | -12.72% | 24.17% |
AWAY ETFMG Travel Tech ETF | -3.76% | -3.36% | 10.44% | 17.94% | -32.25% | -5.91% | 3.47% |
Correlation
The correlation between IPAY and AWAY is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2020 | 0.73 |
The correlation between IPAY and AWAY has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
IPAY vs. AWAY - Sectors Allocation Comparison
Sectors
IPAY
AWAY
Technology
Financial Services
Industrials
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
-
-
Technology
IPAY
AWAY
Financial Services
IPAY
AWAY
Industrials
IPAY
AWAY
Basic Materials
IPAY
-
AWAY
-
Communication Services
IPAY
-
AWAY
Consumer Cyclical
IPAY
-
AWAY
Consumer Defensive
IPAY
-
AWAY
-
Energy
IPAY
-
AWAY
-
Healthcare
IPAY
-
AWAY
-
Real Estate
IPAY
-
AWAY
-
Utilities
IPAY
-
AWAY
-
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Return for Risk
IPAY vs. AWAY — Risk / Return Rank
IPAY
AWAY
IPAY vs. AWAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and ETFMG Travel Tech ETF (AWAY). 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.
| IPAY | AWAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.99 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.14 | -0.17 |
| Martin ratioReturn relative to average drawdown | -0.52 | -0.25 | -0.27 |
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Drawdowns
IPAY vs. AWAY - Drawdown Comparison
The maximum IPAY drawdown since its inception was -51.75%, smaller than the maximum AWAY drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for IPAY and AWAY.
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Drawdown Indicators
| IPAY | AWAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -56.57% | +4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -32.83% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | -32.83% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -51.49% | -49.10% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -51.75% | — | — |
Current DrawdownCurrent decline from peak | -29.38% | -41.94% | +12.56% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -36.49% | +19.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.21% | 18.41% | -0.20% |
Volatility
IPAY vs. AWAY - Volatility Comparison
The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 7.11%, while ETFMG Travel Tech ETF (AWAY) has a volatility of 8.21%. This indicates that IPAY experiences smaller price fluctuations and is considered to be less risky than AWAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAY | AWAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 8.21% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 19.72% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.73% | 23.31% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.33% | 26.90% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 31.66% | -6.23% |
IPAY vs. AWAY - Expense Ratio Comparison
Both IPAY and AWAY have an expense ratio of 0.75%.
Dividends
IPAY vs. AWAY - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.81%, while AWAY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AWAY ETFMG Travel Tech ETF | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.04% |
IPAY ETFMG Prime Mobile Payments ETF | 0.81% | 0.79% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IPAY and AWAY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWAY has higher volatility (8.21%) compared to IPAY (7.11%). In terms of maximum drawdown, IPAY dropped -51.75% vs AWAY's -56.57%.
On 5-year performance, AWAY leads with -5.40% vs -5.73% for IPAY. Both ETFs have the same 0.75% expense ratio. 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, AWAY has performed better with a -5.40% return vs -5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IPAY and AWAY have the same expense ratio: 0.75% per year.
IPAY has the higher dividend yield at 0.81%, compared with 0.00% for AWAY.
IPAY is categorized as Technology Equities, while AWAY is Consumer Discretionary Equities. IPAY tracks Prime Mobile Payments Index, while AWAY tracks Prime Travel Technology Index.
AWAY currently has the higher Sharpe Ratio (-0.20 vs -0.39), 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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