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Launched · SEC filings

Amplify Digital Payments ETF

IPAYNYSE ArcaAmplifyC

$50.15+1.06 (+2.16%)

At close: Nov 2, 2026, 4:00 PM ET

C41/ 100

Rank 3 of 7 in Fintech & Payments

C41/100Rank 3 of 7inFintech & Payments
Intraday session: up, 79 prints from 49.09 to 50.15. Range 49.32 to 50.67. Use the arrow keys to read each point.49.5050.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$147M
1Y total return
−8.9%
Yield · Last 12 months
0.84%
Holdings
41
Avg volume · 30D
63.9K sh
52W range
low $41.26high $54.20
Launched
Filings
SEC EDGAR

The ETF.net IPAY Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
Fintech & Payments⁠
Rank
3 of 7
Six-pillar profile for IPAY. Scores out of 100: Cost 17, Risk 48, Mission not scored, Tradability 67, Holdings 52, Durability 74. Strongest: Durability (74). Weakest: Cost (17). Based on 5 of 6 pillars.

Score 41 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.

  • 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.
    C48 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.
    B67 out of 100
    Rank 2 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 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.
    A74 out of 100
    Rank 2 of 7

Our read on IPAY

ETF.net Research

In short

CThe 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

  • 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 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$9,115
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IPAY $9,115. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−5.7%
1 month+6.1%
3 months−1.8%
1 year−8.9%
3 yearsper year+11.6%
5 yearsper year−5.2%
10 yearsper year+7.3%

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−5.7%
2025−9.5%
2024+25.9%
2023+18.3%

IPAY in the news

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 30, 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

$10,000 in IPAY 10 years ago paid $477 in dividends.

IPAY Risk

Risk pillarC48 out of 100Rank 4 of 7 in Fintech & Payments
How much the fund’s monthly returns vary, scaled to a year.
23.7%
Annualised · 36 months to Oct 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.
0.39
vs 3-month T-bills · to Oct 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.
−46.4%
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.

FMP measures it over up to five years of monthly returns.

IPAY Cost

Compare IPAY and LATR

Overpaying vs LATR, tied cheapest in Fintech & Payments

$7,356

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IPAY 0.75%

    $14,482

  • LATR 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • IPAY 0.75%
  • LATR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IPAY $14,482LATR $7,126

Year by year

YearIPAYLATROverpaying
10$1,336$634$702
20$5,078$2,454$2,624
30$14,482$7,126$7,356

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