IPAY vs. AXP
IPAY (ETFMG Prime Mobile Payments ETF) is Technology Equities fund tracking the Prime Mobile Payments Index, while AXP (American Express Company) is a stock. Over the past 10 years, IPAY returned 7.66%/yr vs 19.70%/yr for AXP. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
IPAY vs. AXP - 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 AXP's -6.06% return. Over the past 10 years, IPAY has underperformed AXP with an annualized return of 7.66%, while AXP has yielded a comparatively higher 19.70% annualized 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%
AXP
- 1D
- 2.52%
- 1M
- -2.06%
- 6M
- -1.72%
- YTD
- -6.06%
- 1Y
- 18.40%
- 3Y*
- 29.22%
- 5Y*
- 16.86%
- 10Y*
- 19.70%
- ALL TIME*
- 10.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.16B | $1.09B | $1.05B | |
| $3.69M | $3.96M | $2.49M |
IPAY vs. AXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AXP American Express Company | -6.06% | 25.99% | 60.32% | 28.67% | -8.52% | 36.88% | -1.14% | 32.52% | -2.62% | 36.22% |
Correlation
The correlation between IPAY and AXP is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2015 | 0.67 |
The correlation between IPAY and AXP has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
IPAY vs. AXP — Risk / Return Rank
IPAY
AXP
IPAY vs. AXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and American Express Company (AXP). 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 | AXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.14 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.77 | -1.08 |
| Martin ratioReturn relative to average drawdown | -0.52 | 1.60 | -2.13 |
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Drawdowns
IPAY vs. AXP - Drawdown Comparison
The maximum IPAY drawdown since its inception was -51.75%, smaller than the maximum AXP drawdown of -83.91%. Use the drawdown chart below to compare losses from any high point for IPAY and AXP.
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Drawdown Indicators
| IPAY | AXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -83.91% | +32.16% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -23.90% | -6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | -28.76% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -51.49% | -31.55% | -19.94% |
Max Drawdown (10Y)Largest decline over 10 years | -51.75% | -49.64% | -2.11% |
Current DrawdownCurrent decline from peak | -29.38% | -9.71% | -19.67% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -22.02% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.21% | 11.49% | +6.72% |
Volatility
IPAY vs. AXP - Volatility Comparison
The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 7.11%, while American Express Company (AXP) has a volatility of 9.24%. This indicates that IPAY experiences smaller price fluctuations and is considered to be less risky than AXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAY | AXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 9.24% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 20.71% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.73% | 26.94% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.33% | 29.53% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 31.85% | -6.42% |
Dividends
IPAY vs. AXP - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.81%, less than AXP's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXP American Express Company | 1.03% | 0.85% | 0.91% | 1.24% | 1.35% | 1.05% | 1.42% | 1.29% | 1.51% | 1.32% | 1.61% | 1.58% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
IPAY and AXP have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXP has higher volatility (9.24%) compared to IPAY (7.11%). In terms of maximum drawdown, IPAY dropped -51.75% vs AXP's -83.91%.
AXP currently has the higher Sharpe Ratio (0.69 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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