Amplify Digital Payments ETF
$47.16−0.62 (−1.30%)
- Expense ratio
- 0.75%
- Fund size
- $151M
- 1Y return
- −18.5%
- Yield · Last 12 months
- 0.86%
- Holdings
- 41
- Volume · 30D
- 0.1M sh
- NAV per share
- $47.82
- 52W range
The ETF.net IPAY Grade
Score 40 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 17Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 66Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 54Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 75Category rank
Our read on IPAY
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.
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
- Narrow 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.
- Global mandate, not a US-only basket. Payments is an inherently cross-border business and the index is built that way.
- Launched 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
- At 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.
- About 40 stocks in a single theme. When payment volumes or fintech sentiment turn, there is nothing else in the portfolio to cushion it.
- Distributions come annually or semiannually, and it trades at moderate volume rather than penny-spread scale, so limit orders are the sane default.
IPAY Holdings
- Stocks
- 41
- 54%
- V
Sectors
- Technology49.5%
- Financials47.5%
- Industrials3.0%
Geography
- United States81.75%
- United Kingdom4.74%
- Netherlands4.08%
- Italy1.89%
- Brazil1.76%
- Japan1.49%
- Australia1.00%
- Israel0.84%
- 2.45%
IPAY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | IPAY |
|---|---|
| Year to date | −8.2% |
| 1 month | −8.6% |
| 3 months | +8.9% |
| 1 year | −18.5% |
| 3 years | +7.3% |
| 5 years | −7.1% |
| 10 years | +7.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IPAY |
|---|---|---|
| 2026 YTD | −8.2% | |
| 2025 | −9.5% | |
| 2024 | +25.9% | |
| 2023 | +18.3% | |
| 2022 | −32.4% | |
| 2021 | −12.7% | |
| 2020 | +34.2% |
IPAY in the news
ETF.net Research hasn’t filed on IPAY yet — coverage lands here as it’s written.
IPAY Dividends
- 0.86%
- $0.41
- $0.41 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 30, 2025 | Dec 31, 2025 | $0.41 |
| Dec 30, 2024 | Dec 31, 2024 | $0.44 |
| Mar 26, 2024 | Mar 28, 2024 | $0.01 |
| Dec 27, 2023 | Dec 29, 2023 | $0.04 |
| Dec 24, 2018 | Dec 27, 2018 | $0.23 |
| Dec 26, 2017 | Dec 29, 2017 | $0.0085 |
| Dec 28, 2016 | Jan 3, 2017 | $0.02 |
| Sep 13, 2016 | Sep 16, 2016 | $0.08 |
| Jun 20, 2016 | Jun 23, 2016 | $0.03 |
IPAY Risk
- 23.8%
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.
- 0.23
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.
- −50.9%
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.
- 1.39
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
- The middle half of Fintech & Payments funds
- Median 0.66%
5 of the 7 Fintech & Payments funds charge less.