IPAY vs. PYPL

Last updated Jun 4, 2026

IPAY (ETFMG Prime Mobile Payments ETF) is Technology Equities fund tracking the Prime Mobile Payments Index, while PYPL (PayPal Holdings, Inc.) is a stock. Over the past 10 years, IPAY returned 5.98%/yr vs 1.12%/yr for PYPL. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

IPAY vs. PYPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Prime Mobile Payments ETF (IPAY) and PayPal Holdings, Inc. (PYPL). 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 higher than PYPL's -26.79% return. Over the past 10 years, IPAY has outperformed PYPL with an annualized return of 5.98%, while PYPL has yielded a comparatively lower 1.12% 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%

PYPL

• 1D: -4.31%
• 1M: -15.44%
• YTD: -26.79%
• 6M: -30.21%
• 1Y: -39.94%
• 3Y*: -12.51%
• 5Y*: -30.44%
• 10Y*: 1.12%

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

IPAY vs. PYPL - 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%
PYPL PayPal Holdings, Inc.	-26.79%	-31.44%	38.98%	-13.77%	-62.23%	-19.48%	116.51%	28.64%	14.22%	86.52%

Correlation

The correlation between IPAY and PYPL is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jul 21, 2015	0.71

The correlation between IPAY and PYPL has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

Return for Risk

IPAY vs. PYPL — 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

PYPL

PYPL Risk / Return Rank: 7
PYPL Sharpe Ratio Rank: 4
PYPL Sortino Ratio Rank: 7
PYPL Omega Ratio Rank: 6
PYPL Calmar Ratio Rank: 10
PYPL Martin Ratio Rank: 6

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. PYPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and PayPal Holdings, Inc. (PYPL). 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	PYPL	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	-1.03	+0.04
Sortino ratio: Return per unit of downside risk	-1.26	-1.32	+0.07
Omega ratio: Gain probability vs. loss probability	0.84	0.81	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.74	-0.80	+0.06
Martin ratio: Return relative to average drawdown	-1.42	-1.45	+0.03
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. PYPL - Sharpe Ratio Comparison

The current IPAY Sharpe Ratio is -0.98, which is comparable to the PYPL Sharpe Ratio of -1.03. The chart below compares the historical Sharpe Ratios of IPAY and PYPL, 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	PYPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.98	-1.03	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.73	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.03	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.01	+0.20

Drawdowns

IPAY vs. PYPL - Drawdown Comparison

The maximum IPAY drawdown since its inception was -51.75%, smaller than the maximum PYPL drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for IPAY and PYPL.

Drawdown Indicators

	IPAY	PYPL	Difference
Max Drawdown Largest peak-to-trough decline	-51.75%	-87.30%	+35.55%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	-49.92%	+18.61%
Max Drawdown (3Y) Largest decline over 3 years	-32.74%	-57.34%	+24.60%
Max Drawdown (5Y) Largest decline over 5 years	-51.49%	-87.30%	+35.81%
Max Drawdown (10Y) Largest decline over 10 years	-51.75%	-87.30%	+35.55%
Current Drawdown Current decline from peak	-39.51%	-86.12%	+46.61%
Average Drawdown Average peak-to-trough decline	-16.67%	-35.63%	+18.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.32%	27.53%	-11.21%

Volatility

IPAY vs. PYPL - Volatility Comparison

The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 6.51%, while PayPal Holdings, Inc. (PYPL) has a volatility of 9.62%. This indicates that IPAY experiences smaller price fluctuations and is considered to be less risky than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPAY	PYPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	9.62%	-3.11%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	31.64%	-13.45%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	39.02%	-15.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.04%	42.08%	-16.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.38%	38.76%	-13.38%

Dividends

IPAY vs. PYPL - Dividend Comparison

IPAY's dividend yield for the trailing twelve months is around 0.94%, more than PYPL's 0.66% yield.

Position	TTM	2025	2024
IPAY ETFMG Prime Mobile Payments ETF	0.94%	0.79%	0.77%
PYPL PayPal Holdings, Inc.	0.66%	0.24%	0.00%

Frequently Asked Questions

Can I hold both IPAY and PYPL in my portfolio?

IPAY and PYPL have a correlation of 0.71, 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 PYPL?

PYPL has higher volatility (9.62%) compared to IPAY (6.51%). In terms of maximum drawdown, IPAY dropped -51.75% vs PYPL's -87.30%.

Which has better risk-adjusted returns?

IPAY currently has the higher Sharpe Ratio (-0.98 vs -1.03), 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.