IPAY vs. TDV

Last updated Jun 24, 2026

IPAY (ETFMG Prime Mobile Payments ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds - IPAY tracks the Prime Mobile Payments Index while TDV tracks the Zacks 2040 Lifecycle Index. Both are passively managed. Over the past 5 years, IPAY returned -9.21%/yr vs 12.89%/yr for TDV. A 0.75 correlation means they provide meaningful diversification when combined. IPAY charges 0.75%/yr vs 0.66%/yr for TDV.

Performance

IPAY vs. TDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Prime Mobile Payments ETF (IPAY) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPAY achieves a -16.12% return, which is significantly lower than TDV's 17.21% return.

IPAY

• 1D: -0.55%
• 1M: -3.52%
• YTD: -16.12%
• 6M: -17.27%
• 1Y: -23.67%
• 3Y*: 2.21%
• 5Y*: -9.21%
• 10Y*: 6.77%

TDV

• 1D: -3.13%
• 1M: 0.28%
• YTD: 17.21%
• 6M: 15.19%
• 1Y: 26.66%
• 3Y*: 18.07%
• 5Y*: 12.89%
• 10Y*: —

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

IPAY vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IPAY ETFMG Prime Mobile Payments ETF	-16.12%	-9.55%	25.88%	18.21%	-32.38%	-12.72%	34.22%	6.70%
TDV ProShares S&P Technology Dividend Aristocrats ETF	17.21%	16.05%	9.72%	27.29%	-15.94%	28.29%	29.00%	2.86%

Correlation

The correlation between IPAY and TDV is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.75

The correlation between IPAY and TDV shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

IPAY vs. TDV - Sectors Allocation Comparison

Sectors	IPAY	TDV
Technology	53.9%	90.7%
Financial Services	41.8%	4.9%
Industrials	4.3%	4.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IPAY vs. TDV — 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: 2
IPAY Martin Ratio Rank: 2

TDV

TDV Risk / Return Rank: 48
TDV Sharpe Ratio Rank: 43
TDV Sortino Ratio Rank: 40
TDV Omega Ratio Rank: 41
TDV Calmar Ratio Rank: 59
TDV Martin Ratio Rank: 55

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. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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	TDV	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.45	-2.44
Sortino ratio: Return per unit of downside risk	-1.28	1.98	-3.26
Omega ratio: Gain probability vs. loss probability	0.84	1.26	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.76	2.80	-3.56
Martin ratio: Return relative to average drawdown	-1.36	9.19	-10.55

IPAY vs. TDV - Sharpe Ratio Comparison

The current IPAY Sharpe Ratio is -1.00, which is lower than the TDV Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of IPAY and TDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IPAY vs. TDV - Drawdown Comparison

The maximum IPAY drawdown since its inception was -51.75%, which is greater than TDV's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for IPAY and TDV.

Drawdown Indicators

	IPAY	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-51.75%	-32.78%	-18.97%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	-9.55%	-21.76%
Max Drawdown (3Y) Largest decline over 3 years	-32.74%	-22.51%	-10.23%
Max Drawdown (5Y) Largest decline over 5 years	-51.49%	-25.11%	-26.38%
Max Drawdown (10Y) Largest decline over 10 years	-51.75%	—	—
Current Drawdown Current decline from peak	-39.27%	-5.17%	-34.10%
Average Drawdown Average peak-to-trough decline	-16.77%	-5.35%	-11.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.46%	2.91%	+14.55%

Volatility

IPAY vs. TDV - Volatility Comparison

The current volatility for ETFMG Prime Mobile Payments ETF (IPAY) is 7.88%, while ProShares S&P Technology Dividend Aristocrats ETF (TDV) has a volatility of 8.96%. This indicates that IPAY experiences smaller price fluctuations and is considered to be less risky than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPAY	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	8.96%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	18.78%	14.58%	+4.20%
Volatility (1Y) Calculated over the trailing 1-year period	23.92%	18.56%	+5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.15%	20.69%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.39%	23.30%	+2.09%

IPAY vs. TDV - Expense Ratio Comparison

IPAY has a 0.75% expense ratio, which is higher than TDV's 0.66% expense ratio.

Dividends

IPAY vs. TDV - Dividend Comparison

IPAY's dividend yield for the trailing twelve months is around 0.94%, less than TDV's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IPAY ETFMG Prime Mobile Payments ETF	0.94%	0.79%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.98%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both IPAY and TDV in my portfolio?

IPAY and TDV have a correlation of 0.57, 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 TDV?

TDV has higher volatility (8.96%) compared to IPAY (7.88%). In terms of maximum drawdown, IPAY dropped -51.75% vs TDV's -32.78%.

Which ETF is better, IPAY or TDV?

On 5-year performance, TDV leads with 12.89% vs -9.21% for IPAY. On fees, TDV is cheaper at 0.66% per year. On volatility, IPAY has been the lower-risk option at 7.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPAY or TDV?

Over the 5-year period, TDV has performed better with a 12.89% return vs -9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPAY or TDV?

TDV is cheaper with a 0.66% expense ratio, compared with 0.75% for IPAY.

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

TDV has the higher dividend yield at 0.98%, compared with 0.94% for IPAY.

What is the main difference between IPAY and TDV?

IPAY tracks Prime Mobile Payments Index, while TDV tracks Zacks 2040 Lifecycle Index. They also come from different issuers: ETFMG and ProShares. Their fees differ too: 0.75% for IPAY and 0.66% for TDV.

Which has better risk-adjusted returns?

TDV currently has the higher Sharpe Ratio (1.45 vs -1.00), 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.