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BPAY vs LATR

iShares FinTech Active ETF

BPAYCNYSE Arca

Corgi Buy Now Pay Later ETF

LATRCCboe

Overlap

23.5%by weight

Expense ratio

LATR −0.20pt a year

BPAY0.55%LATR0.35%

Avg volume · 30D

BPAY 3.5×the volume

BPAY2.59KLATR738

BPAY vs LATR Performance

Jul 31, 2026 – Oct 30, 2026

−9.3%BPAY−4.3%LATR

Jul 31, 2026 to Oct 30, 2026. BPAY −9.3%. LATR −4.3%. Use the arrow keys to read each point.−7.5%−2.5%0%2.5%5%Jul 2026Sep 2026Oct 2026
Expense ratio
BPAY 0.55%
LATR 0.35%, better
Fund size
BPAY $9M
LATR $1M
1Y total return
BPAY −17.0%
LATR No data
Yield (12M)
BPAY 7.59%
LATR No data
Holdings
BPAY 48
LATR 22
Avg volume (30D)
BPAY 2.59K sh, better
LATR 738 sh
NAV per share
BPAY $24.09
LATR $26.76
52W range

ETF.net Grade

BPAY: Cost 51, Risk 40, Mission not scored, Tradability 46, Holdings 77, Durability 49. LATR: Cost 85, Risk 79, Mission not scored, Tradability 25, Holdings 31, Durability 18.
Pillar letters and Scores for BPAY, LATR, with each pillar’s weight
PillarBPAYLATR
Cost30% weightC51A85Higher
Mission25% weightNot scoredNot scored
Risk15% weightC40A79Higher
Tradability15% weightC46HigherD25
Holdings10% weightA77HigherD31
Durability5% weightC49HigherF18

Rank among Fintech & Payments funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BPAY and LATR are both graded against the same 7 Fintech & Payments funds, so their Grades compare head to head.

Fintech & Payments⁠

Category · 7 funds
See all 7 ›

BPAY ranks 2nd and LATR 5th of 7 funds in the Fintech & Payments Category.

  1. Rank 1BFDFFFidelity Disruptive Finance ETFScore 60
  2. Rank 2CBPAYiShares FinTech Active ETFScore 51
  3. Rank 3CFINXGlobal X FinTech ETFScore 41
  4. Rank 5CKYCCorgi Digital Banking & Fintech Infrastructure ETFScore 40
  5. Rank 5CLATRCorgi Buy Now Pay Later ETFScore 40
  6. Rank 7DARKFARK Blockchain & Fintech Innovation ETFScore 39

Our read on each fund

ETF.net Research

BPAYCiShares FinTech Active ETF

LATRCCorgi Buy Now Pay Later ETF

In short

BPAY BlackRock's stock-picker take on fintech: no index, roughly 40 hand-picked names across payments, banking, insurance and software, for 0.55% net of a waiver through June 30, 2027.

LATR No data

Stated mandate

BPAY The fund seeks to maximize total return by investing in companies that provide innovative technologies across financial services, including payments, banking, insurance, and software.

LATR No data

Why people hold it

  • BPAY Actively run with no index behind it, so the managers can add a newly listed fintech or trim a holding when they choose rather than waiting on a rebalance calendar.ishares.com
  • 0.55% net of a waiver through June 30, 2027 (0.66% gross) sits near the category median and under index peers FINX at 0.68% and IPAY at 0.75%.
  • Reads fintech broadly: payments, banking, insurance and software, worldwide, rather than a short list of US card networks.ishares.com
  • In a fintech group of only seven funds, this one lands in the upper half of our review, with its portfolio build the clearest strength.

LATR No data

Worth knowing

  • BPAY One of the smaller, lightly traded funds in the category, so spreads can run wider than on the headline fintech names.
  • Non-diversified by design: with roughly 40 positions, one holding going wrong moves the fund more than it would a broad index.ishares.com
  • The 0.55% is after a waiver; if that waiver lapses following June 30, 2027, the cost reverts toward the 0.66% gross figure.

LATR No data

Full BPAY profile⁠

Full LATR profile⁠

BPAY vs LATR Holdings

How BPAY and LATR differ

Overlap by weight

23.5%

Shared holdings make up 53.3% of LATR and 24.2% of BPAY.

Level by level

  • Holdings9 in both23.5%
  • Countryby domicile73.3%
  • Sector4 Sectors74.1%
  • Asset classEquity100%

Sector

Sector weights in BPAY and LATR, widest gap first
SectorMore in BPAYMore in LATR
FinancialsBPAY +24.1 points
TechnologyLATR +20.6 points
Consumer DiscretionaryLATR +5.3 points
IndustrialsBPAY +1.8 points

Country, concentration and asset class

Country by domicile

Country weights in BPAY and LATR, widest gap first
CountryMore in BPAYMore in LATR
United StatesLATR +13.4 points
CanadaLATR +6.5 points
United KingdomBPAY +6.3 points
KazakhstanBPAY +4.4 points
ItalyBPAY +3.0 points
BrazilLATR +3.0 points
SwedenBPAY +3.0 points
IsraelBPAY +2.7 points
Other countries (6)BPAY +3.6 points

Outside the US: BPAY 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

  • BPAY39.8%
  • LATR63.6%

Securities held

  • BPAY42
  • LATR22

Asset class

BPAY
Equity
LATR
Equity

Holdings

  • Only in BPAY33
  • In both9
  • Only in LATR13

Only in BPAY

33 securities, 73.3% of BPAY by weight

  • Global Payments Inc5.19%
  • Capital One Financial Corp4.48%
  • Block Class A4.36%

Only in LATR

13 securities, 46.7% of LATR by weight

  • Shopify Inc5.77%
  • PayPal Holdings Inc4.60%
  • Synchrony Financial4.56%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in BPAY and LATR, widest gap first
HoldingMore in BPAYMore in LATR
Visa Class AVLATR +9.60 points
Mastercard Class AMALATR +9.13 points
Affirm Holdings Class AAFRMLATR +3.24 points
Nu Holdings Class ANULATR +2.80 points
Sezzle IncSEZLLATR +2.73 points
Sea Ads Representing Ltd Class ASELATR +1.33 points
Klarna Group PLCKLARLATR +1.01 points
Jsc Kaspi Kz Global Sponsored AdsKSPIBPAY +0.42 points

All 41 BPAY holdings⁠All 30 LATR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BPAY vs LATR Cost

Overpaying BPAY vs LATR

$3,778

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

  • BPAY 0.55%

    $10,904

  • LATR 0.35%

    $7,126

$10,000
30 years

Cost over time

  • BPAY 0.55%
  • LATR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530BPAY $10,904LATR $7,126

Year by year

YearBPAYLATROverpaying
10$988$634$354
20$3,790$2,454$1,336
30$10,904$7,126$3,778

Expense ratio

  • 0.55%BPAY
  • 0.35%LATR, cheaper
  • Middle half of Fintech & Payments funds
  • Median 0.55%

LATR cheapest of 7 funds

BPAY 4th cheapest of 7 funds

BPAY vs LATR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BPAY 7.59%
LATR No data
Payout (12M)
BPAY $1.83
LATR None
Last payment
BPAY $0.15
LATR No data
Ex-dividend
BPAY Jun 15, 2026
LATR No data
Paid on
BPAY Jun 18, 2026
LATR No data
Frequency
BPAY Twice a year
LATR No data

Distribution history

Per share, 2022 to 2026, same scale for both

BPAYTwice a year · 8 paymentsAll BPAY payments⁠
One bar per payment. 8 payments from 2022 to 2026 YTD. Dec 13, 2022 $0.04; Jun 7, 2023 $0.08; Dec 20, 2023 $0.19; Jun 11, 2024 $0.06; Dec 17, 2024 $0.07; Jun 16, 2025 $0.08; Dec 16, 2025 $1.68; Jun 15, 2026 $0.15. Use the arrow keys to read each point.$0$120232026YTD
LATRAll LATR payments⁠

No distribution history available.

BPAY vs LATR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BPAY 23.2%LATR No data
Return per unit of riskSharpe ratio, 3 years
BPAY 0.42LATR No data
Worst fallMax drawdown, 5 years
BPAY −33.7%since Aug 2022LATR No data
Market sensitivityBeta, 5 years
BPAY 1.43LATR −1.75

BPAY and LATR in the news

All news⁠

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