IPAY vs. HACK

Last updated Jun 4, 2026

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

Performance

IPAY vs. HACK - Performance Comparison

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

Returns By Period

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

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%

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%

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

IPAY vs. HACK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

IPAY vs. HACK - Sectors Allocation Comparison

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

Return for Risk

IPAY vs. HACK — Risk / Return Rank

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

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

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

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. HACK - Risk-Adjusted Trends Comparison

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

	IPAY	HACK	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	0.85	-1.83
Sortino ratio: Return per unit of downside risk	-1.26	1.27	-2.53
Omega ratio: Gain probability vs. loss probability	0.84	1.16	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.74	1.05	-1.79
Martin ratio: Return relative to average drawdown	-1.42	2.52	-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.

IPAY vs. HACK - Sharpe Ratio Comparison

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

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

Drawdowns

IPAY vs. HACK - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

IPAY vs. HACK - Volatility Comparison

The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 6.51%, while ETFMG Prime Cyber Security ETF (HACK) has a volatility of 10.68%. This indicates that IPAY experiences smaller price fluctuations and is considered to be less risky than HACK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

IPAY vs. HACK - Expense Ratio Comparison

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

Dividends

IPAY vs. HACK - Dividend Comparison

IPAY's dividend yield for the trailing twelve months is around 0.94%, more than HACK's 0.06% 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 IPAY and HACK in my portfolio?

IPAY and HACK 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, IPAY or HACK?

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

Which ETF is better, IPAY or HACK?

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, IPAY or HACK?

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, IPAY or HACK?

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

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

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

What is the main difference between IPAY and HACK?

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

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.