IPAY vs. QQQ
Compare and contrast key facts about ETFMG Prime Mobile Payments ETF (IPAY) and Invesco QQQ (QQQ).
IPAY and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IPAY and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPAY or QQQ.
Key characteristics
| IPAY | QQQ | |
|---|---|---|
| YTD Return | 1.87% | 3.07% |
| 1Y Return | 16.42% | 32.86% |
| 3Y Return (Ann) | -12.87% | 8.34% |
| 5Y Return (Ann) | 1.28% | 17.98% |
| Sharpe Ratio | 0.70 | 1.95 |
| Daily Std Dev | 19.37% | 16.25% |
| Max Drawdown | -51.75% | -82.98% |
| Current Drawdown | -35.16% | -5.57% |
Correlation
The correlation between IPAY and QQQ is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IPAY vs. QQQ - Performance Comparison
In the year-to-date period, IPAY achieves a 1.87% return, which is significantly lower than QQQ's 3.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IPAY vs. QQQ - Expense Ratio Comparison
IPAY has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IPAY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and Invesco QQQ (QQQ). 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.
Dividends
IPAY vs. QQQ - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.11%, less than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | 0.11% | 0.09% | 0.00% | 0.00% | 0.00% | 0.03% | 0.66% | 0.02% | 0.49% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
IPAY vs. QQQ - Drawdown Comparison
The maximum IPAY drawdown since its inception was -51.75%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IPAY and QQQ. For additional features, visit the drawdowns tool.
Volatility
IPAY vs. QQQ - Volatility Comparison
ETFMG Prime Mobile Payments ETF (IPAY) has a higher volatility of 6.27% compared to Invesco QQQ (QQQ) at 5.42%. This indicates that IPAY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.