IPAY vs. FINX

Last updated Jul 14, 2026

IPAY (ETFMG Prime Mobile Payments ETF) and FINX (Global X FinTech ETF) are both Technology Equities funds - IPAY tracks the Prime Mobile Payments Index while FINX tracks the Indxx Global FinTech Thematic Index. Both are passively managed. Over the past 5 years, IPAY returned -7.06%/yr vs -10.05%/yr for FINX. Their correlation of 0.90 suggests significant overlap in exposure. IPAY charges 0.75%/yr vs 0.68%/yr for FINX.

Performance

IPAY vs. FINX - Performance Comparison

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

Returns By Period

In the year-to-date period, IPAY achieves a -6.74% return, which is significantly higher than FINX's -13.34% return.

IPAY

• 1D: 0.52%
• 1M: 10.84%
• 6M: -8.01%
• YTD: -6.74%
• 1Y: -16.92%
• 3Y*: 3.38%
• 5Y*: -7.06%
• 10Y*: 7.30%

FINX

• 1D: -0.61%
• 1M: 5.30%
• 6M: -15.55%
• YTD: -13.34%
• 1Y: -24.25%
• 3Y*: 2.76%
• 5Y*: -10.05%
• 10Y*: —

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

IPAY vs. FINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPAY ETFMG Prime Mobile Payments ETF	-6.74%	-9.55%	25.88%	18.21%	-32.38%	-12.72%	34.22%	41.80%	0.17%	36.34%
FINX Global X FinTech ETF	-13.34%	-5.20%	23.02%	33.15%	-51.80%	-9.65%	53.76%	37.52%	0.82%	49.96%

Correlation

The correlation between IPAY and FINX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 13, 2016	0.90

The correlation between IPAY and FINX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

IPAY vs. FINX - Sectors Allocation Comparison

Sectors	IPAY	FINX
Technology	53.9%	53.0%
Financial Services	41.8%	42.0%
Industrials	4.3%	3.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	1.3%
Real Estate	-	-
Utilities	-	-

Return for Risk

IPAY vs. FINX — Risk / Return Rank

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

IPAY

IPAY Risk / Return Rank: 4
IPAY Sharpe Ratio Rank: 4
IPAY Sortino Ratio Rank: 4
IPAY Omega Ratio Rank: 4
IPAY Calmar Ratio Rank: 5
IPAY Martin Ratio Rank: 5

FINX

FINX Risk / Return Rank: 3
FINX Sharpe Ratio Rank: 3
FINX Sortino Ratio Rank: 3
FINX Omega Ratio Rank: 3
FINX Calmar Ratio Rank: 4
FINX Martin Ratio Rank: 4

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.

IPAY vs. FINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and Global X FinTech ETF (FINX). 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	FINX	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	-0.81	+0.12
Sortino ratio: Return per unit of downside risk	-0.82	-1.01	+0.19
Omega ratio: Gain probability vs. loss probability	0.90	0.88	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.54	-0.67	+0.12
Martin ratio: Return relative to average drawdown	-0.93	-1.15	+0.21

IPAY vs. FINX - Sharpe Ratio Comparison

The current IPAY Sharpe Ratio is -0.70, which is comparable to the FINX Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of IPAY and FINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IPAY vs. FINX - Drawdown Comparison

The maximum IPAY drawdown since its inception was -51.75%, smaller than the maximum FINX drawdown of -63.53%. Use the drawdown chart below to compare losses from any high point for IPAY and FINX.

Drawdown Indicators

	IPAY	FINX	Difference
Max Drawdown Largest peak-to-trough decline	-51.75%	-63.53%	+11.78%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	-36.58%	+5.27%
Max Drawdown (3Y) Largest decline over 3 years	-32.74%	-36.58%	+3.84%
Max Drawdown (5Y) Largest decline over 5 years	-51.49%	-63.53%	+12.04%
Max Drawdown (10Y) Largest decline over 10 years	-51.75%	—	—
Current Drawdown Current decline from peak	-32.48%	-48.18%	+15.70%
Average Drawdown Average peak-to-trough decline	-16.85%	-24.71%	+7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.16%	21.20%	-3.04%

Volatility

IPAY vs. FINX - Volatility Comparison

ETFMG Prime Mobile Payments ETF (IPAY) and Global X FinTech ETF (FINX) have volatilities of 7.48% and 7.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPAY	FINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.48%	7.61%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	19.70%	24.06%	-4.36%
Volatility (1Y) Calculated over the trailing 1-year period	24.39%	29.95%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.28%	31.64%	-5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.38%	28.74%	-3.36%

IPAY vs. FINX - Expense Ratio Comparison

IPAY has a 0.75% expense ratio, which is higher than FINX's 0.68% expense ratio.

Dividends

IPAY vs. FINX - Dividend Comparison

IPAY's dividend yield for the trailing twelve months is around 0.85%, more than FINX's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FINX Global X FinTech ETF	0.84%	0.58%	0.72%	0.21%	0.27%	5.40%	0.00%	0.00%	0.18%	0.11%
IPAY ETFMG Prime Mobile Payments ETF	0.85%	0.79%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IPAY and FINX in my portfolio?

IPAY and FINX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPAY or FINX?

FINX has higher volatility (7.61%) compared to IPAY (7.48%). In terms of maximum drawdown, IPAY dropped -51.75% vs FINX's -63.53%.

Which ETF is better, IPAY or FINX?

On 5-year performance, IPAY leads with -7.06% vs -10.05% for FINX. On fees, FINX is cheaper at 0.68% per year. On volatility, IPAY has been the lower-risk option at 7.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPAY or FINX?

Over the 5-year period, IPAY has performed better with a -7.06% return vs -10.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPAY or FINX?

FINX is cheaper with a 0.68% expense ratio, compared with 0.75% for IPAY.

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

IPAY has the higher dividend yield at 0.85%, compared with 0.84% for FINX.

What is the main difference between IPAY and FINX?

IPAY tracks Prime Mobile Payments Index, while FINX tracks Indxx Global FinTech Thematic Index. They also come from different issuers: ETFMG and Global X. Their fees differ too: 0.75% for IPAY and 0.68% for FINX.

Which has better risk-adjusted returns?

IPAY currently has the higher Sharpe Ratio (-0.70 vs -0.81), 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.