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Launched · SEC filings

Amplify Digital Payments ETF

IPAYNYSE ArcaD

$49.04+0.18 (+0.37%)

At close: Oct 13, 2026, 4:00 PM

D40/ 100

Rank 4 of 7 in Fintech & Payments

D40/100Rank 4 of 7inFintech & Payments
Intraday session: up, 79 prints from 48.86 to 49.04. Range 48.77 to 49.15. Use the arrow keys to read each point.48.8049.1010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$151M
1Y total return
−12.4%
Yield · Last 12 months
0.84%
Holdings
42
Avg volume · 30D
0.1M sh
NAV per share
$48.65
52W range
low $41.26high $58.69
Launched
Filings
SEC EDGAR

The ETF.net IPAY Grade

Based on 5 of 6 pillars

D

Score 40 out of 100

Category
Fintech & Payments⁠
Rank
4 of 7
Six-pillar profile for IPAY. Scores out of 100: Cost 17, Risk 43, Mission not scored, Tradability 66, Holdings 53, Durability 75. Strongest: Durability (75). Weakest: Cost (17). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 6 of 7

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 4 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 2 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C53 out of 100
    Rank 5 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 1 of 7

Our read on IPAY

ETF.net Research

DThe payments purist. IPAY tracks a global index of card networks, processors and wallet apps, roughly 40 names deep, while most fintech funds spread into lending, crypto and banking software.

Stated mandate

IPAY seeks returns that generally track the Nasdaq CTA Global Digital Payments Index before fees and expenses. It follows a passive/indexing approach rather than trying to outperform the index or moving temporarily defensive.

Why people hold it

  1. 01Narrow by design: it follows the Nasdaq CTA Global Digital Payments Index, so the money goes to the plumbing of card swipes and app taps rather than fintech broadly.
  2. 02Global mandate, not a US-only basket. Payments is an inherently cross-border business and the index is built that way.
  3. 03Launched in 2015, making it one of the longer-running thematic payments funds, with a rules-based index approach instead of a manager's stock picks.

Worth knowing

  1. 01At 0.75% a year it sits at the top of the fintech shelf. FDFF charges 0.50% and BPAY 0.66%, though both cast a wider net than payments alone.
  2. 02About 40 stocks in a single theme. When payment volumes or fintech sentiment turn, there is nothing else in the portfolio to cushion it.
  3. 03Distributions come annually or semiannually, and it trades at moderate volume rather than penny-spread scale, so limit orders are the sane default.

IPAY Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
42
Top-10 weight
54%
Largest holding
V6.7%

Sectors

  • Technology52.2%
  • Financials43.1%
  • Industrials4.7%

Geography

  • United States82.09%
  • United Kingdom4.70%
  • Netherlands3.78%
  • Brazil2.05%
  • Italy1.83%
  • Japan1.43%
  • Australia0.93%
  • Israel0.77%
  • Other countries (5)2.42%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001VVisa Inc6.70%24,839$10M558
002MAMastercard Inc6.55%15,877$9M526
003AXPAmerican Express Co5.92%27,427$9M370
004COFCapital One Financial Corp5.90%42,285$9M353
005PYPLPayPal Holdings Inc5.82%149,684$8M376
006AFRMAffirm Holdings Inc4.89%89,706$7M169
007COINCoinbase Global Inc4.63%37,052$7M271
008CPAYCorpay Inc4.57%16,573$7M278
009WISE.LWise Group PLC4.51%535,663$6M89
010XYZBlock Inc4.48%84,106$6M181
011GPNGlobal Payments Inc4.21%73,916$6M253
012FISVFiserv Inc4.20%131,418$6M172
013TOSTToast Inc4.10%188,589$6M201
014FISFidelity National Information Services Inc3.97%167,154$6M270
015ADYEN.ASAdyen NV3.94%5,516$6M118

Showing 1–15 of 42 holdings

IPAY Performance

Launched Jul 15, 2015

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IPAY$8,760
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. IPAY $8,760. SPY $12,044. Use the arrow keys to read each point.$7,054$9,742$12,430Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IPAY. Periods over one year show the average yearly return.
PeriodIPAY
Year to date−6.1%
1 month−1.2%
3 months+1.2%
1 year−12.4%
3 yearsper year+8.9%
5 yearsper year−5.7%
10 yearsper year+7.4%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IPAY
YearReturn barIPAY
2026 YTD−6.1%
2025−9.5%
2024+25.9%
2023+18.3%
2022−32.4%
2021−12.7%
2020+34.2%

IPAY in the news

Filtered to IPAY · Fintech & Payments

IPAY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.84%Last 12 months
Payout per share
$0.41Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.0085; Dec 24, 2018 $0.23; Dec 27, 2023 $0.04; Mar 26, 2024 $0.01; Dec 30, 2024 $0.44; Dec 30, 2025 $0.41. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.41
Dec 30, 2024Dec 31, 2024$0.44
Mar 26, 2024Mar 28, 2024$0.01
Dec 27, 2023Dec 29, 2023$0.04
Dec 24, 2018Dec 27, 2018$0.23
Dec 26, 2017Dec 29, 2017$0.0085
Dec 28, 2016Jan 3, 2017$0.02
Sep 13, 2016Sep 16, 2016$0.08
Jun 20, 2016Jun 23, 2016$0.03

IPAY Risk

How much the fund’s monthly returns vary, scaled to a year.
24.1%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.18
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−50.0%
Trough Oct 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.39
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

IPAY Cost

Expense ratio0.75%
  • The middle half of Fintech & Payments funds
  • Median 0.66%

5 of the 7 Fintech & Payments funds charge less.

IPAY costs $75.00 a year on $10,000. The median Fintech & Payments fund costs $66.00.

Other funds in Fintech & Payments

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