IPAY vs. MNY.TO
Compare and contrast key facts about ETFMG Prime Mobile Payments ETF (IPAY) and Purpose Cash Management Fund (MNY.TO).
IPAY and MNY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPAY is a passively managed fund by ETFMG that tracks the performance of the Prime Mobile Payments Index. It was launched on Jul 15, 2015. MNY.TO is an actively managed fund by Purpose Investments. It was launched on Sep 14, 2022.
Performance
IPAY vs. MNY.TO - Performance Comparison
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IPAY vs. MNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | -17.75% | -9.55% | 25.88% | 18.21% | -7.95% |
MNY.TO Purpose Cash Management Fund | -0.75% | 7.97% | -3.58% | 7.42% | -1.37% |
Different Trading Currencies
IPAY is traded in USD, while MNY.TO is traded in CAD. To make them comparable, the MNY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IPAY achieves a -17.75% return, which is significantly lower than MNY.TO's -0.75% return.
IPAY
- 1D
- 2.51%
- 1M
- -5.29%
- YTD
- -17.75%
- 6M
- -24.46%
- 1Y
- -18.94%
- 3Y*
- 1.41%
- 5Y*
- -8.65%
- 10Y*
- 6.12%
MNY.TO
- 1D
- 0.11%
- 1M
- -1.66%
- YTD
- -0.75%
- 6M
- 1.40%
- 1Y
- 6.26%
- 3Y*
- 3.07%
- 5Y*
- —
- 10Y*
- —
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IPAY vs. MNY.TO - Expense Ratio Comparison
IPAY has a 0.75% expense ratio, which is higher than MNY.TO's 0.22% expense ratio.
Return for Risk
IPAY vs. MNY.TO — Risk / Return Rank
IPAY
MNY.TO
IPAY vs. MNY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and Purpose Cash Management Fund (MNY.TO). 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 | MNY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.69 | 1.20 | -1.90 |
Sortino ratioReturn per unit of downside risk | -0.84 | 1.99 | -2.83 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.23 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.01 | -2.62 |
Martin ratioReturn relative to average drawdown | -1.45 | 4.43 | -5.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IPAY | MNY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | 1.20 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.44 | -0.23 |
Correlation
The correlation between IPAY and MNY.TO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IPAY vs. MNY.TO - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.96%, less than MNY.TO's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | 0.96% | 0.79% | 0.77% | 0.00% | 0.00% |
MNY.TO Purpose Cash Management Fund | 2.67% | 2.93% | 4.71% | 4.85% | 1.47% |
Drawdowns
IPAY vs. MNY.TO - Drawdown Comparison
The maximum IPAY drawdown since its inception was -51.75%, which is greater than MNY.TO's maximum drawdown of -6.22%. Use the drawdown chart below to compare losses from any high point for IPAY and MNY.TO.
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Drawdown Indicators
| IPAY | MNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -0.24% | -51.51% |
Max Drawdown (1Y)Largest decline over 1 year | -31.31% | -0.04% | -31.27% |
Max Drawdown (5Y)Largest decline over 5 years | -51.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.75% | — | — |
Current DrawdownCurrent decline from peak | -40.45% | 0.00% | -40.45% |
Average DrawdownAverage peak-to-trough decline | -16.35% | 0.00% | -16.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.05% | 0.00% | +13.05% |
Volatility
IPAY vs. MNY.TO - Volatility Comparison
ETFMG Prime Mobile Payments ETF (IPAY) has a higher volatility of 7.11% compared to Purpose Cash Management Fund (MNY.TO) at 1.36%. This indicates that IPAY's price experiences larger fluctuations and is considered to be riskier than MNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAY | MNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 1.36% | +5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.96% | 3.34% | +14.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.48% | 5.24% | +22.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 5.97% | +19.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.19% | 5.97% | +19.22% |