IPAY vs. PYPL
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 7.66%/yr vs 4.36%/yr for PYPL. Their 0.71 correlation means they have sometimes moved together and sometimes differently.
Performance
IPAY vs. PYPL - Performance Comparison
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Returns By Period
In the year-to-date period, IPAY achieves a -2.46% return, which is significantly lower than PYPL's -0.25% return. Over the past 10 years, IPAY has outperformed PYPL with an annualized return of 7.66%, while PYPL has yielded a comparatively lower 4.36% 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%
PYPL
- 1D
- 1.15%
- 1M
- 27.27%
- 6M
- 11.29%
- YTD
- -0.25%
- 1Y
- -13.02%
- 3Y*
- -2.38%
- 5Y*
- -26.68%
- 10Y*
- 4.36%
- ALL TIME*
- 3.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.69M | $3.96M | $2.49M | |
| $792.88M | $1.01B | $815.23M |
IPAY vs. PYPL - 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% |
PYPL PayPal Holdings, Inc. | -0.25% | -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 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2015 | 0.71 |
The correlation between IPAY and PYPL has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
IPAY vs. PYPL — Risk / Return Rank
IPAY
PYPL
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.
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 | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.98 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | -0.27 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.52 | -0.44 | -0.08 |
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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.
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Drawdown Indicators
| IPAY | PYPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -87.30% | +35.55% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -48.55% | +17.67% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | -57.34% | +24.60% |
Max Drawdown (5Y)Largest decline over 5 years | -51.49% | -86.64% | +35.15% |
Max Drawdown (10Y)Largest decline over 10 years | -51.75% | -87.30% | +35.55% |
Current DrawdownCurrent decline from peak | -29.38% | -81.08% | +51.70% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -36.48% | +19.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.21% | 29.78% | -11.57% |
Volatility
IPAY vs. PYPL - Volatility Comparison
The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 7.11%, while PayPal Holdings, Inc. (PYPL) has a volatility of 17.05%. 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.
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Volatility by Period
| IPAY | PYPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 17.05% | -9.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 36.50% | -16.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.73% | 41.89% | -17.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.33% | 42.89% | -16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 39.16% | -13.73% |
Dividends
IPAY vs. PYPL - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.81%, more than PYPL's 0.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | 0.81% | 0.79% | 0.77% |
PYPL PayPal Holdings, Inc. | 0.73% | 0.24% | 0.00% |
Frequently Asked Questions
IPAY and PYPL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYPL has higher volatility (17.05%) compared to IPAY (7.11%). In terms of maximum drawdown, IPAY dropped -51.75% vs PYPL's -87.30%.
PYPL currently has the higher Sharpe Ratio (-0.31 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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