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IPAY vs LATR

Amplify Digital Payments ETF

IPAYCNYSE Arca

Corgi Buy Now Pay Later ETF

LATRCCboe

Overlap

Expense ratio

LATR −0.40pt a year

IPAY0.75%LATR0.35%

Avg volume · 30D

IPAY 86.5×the volume

IPAY63.9KLATR738

IPAY vs LATR Performance

Jul 31, 2026 – Oct 30, 2026

−1.8%IPAY−4.3%LATR

Jul 31, 2026 to Oct 30, 2026. IPAY −1.8%. LATR −4.3%. Use the arrow keys to read each point.−7.5%0%2.5%5%Jul 2026Sep 2026Oct 2026
Expense ratio
IPAY 0.75%
LATR 0.35%, better
Fund size
IPAY $147M
LATR $1M
1Y total return
IPAY −8.9%
LATR No data
Yield (12M)
IPAY 0.84%
LATR No data
Holdings
IPAY 41
LATR 22
Avg volume (30D)
IPAY 63.9K sh, better
LATR 738 sh
NAV per share
IPAY $49.12
LATR $26.76
52W range

ETF.net Grade

IPAY: Cost 17, Risk 48, Mission not scored, Tradability 67, Holdings 52, Durability 74. LATR: Cost 85, Risk 79, Mission not scored, Tradability 25, Holdings 31, Durability 18.
Pillar letters and Scores for IPAY, LATR, with each pillar’s weight
PillarIPAYLATR
Cost30% weightF17A85Higher
Mission25% weightNot scoredNot scored
Risk15% weightC48A79Higher
Tradability15% weightB67HigherD25
Holdings10% weightC52HigherD31
Durability5% weightA74HigherF18

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. IPAY 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 ›

IPAY ranks 3rd 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 3CIPAYAmplify Digital Payments ETFScore 41
  5. Rank 5CKYCCorgi Digital Banking & Fintech Infrastructure ETFScore 40
  6. Rank 5CLATRCorgi Buy Now Pay Later ETFScore 40
  7. Rank 7DARKFARK Blockchain & Fintech Innovation ETFScore 39

Our read on each fund

ETF.net Research

IPAYCAmplify Digital Payments ETF

LATRCCorgi Buy Now Pay Later ETF

In short

IPAY The 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.

LATR No data

Stated mandate

IPAY 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.

LATR No data

Why people hold it

  • IPAY 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.

LATR No data

Worth knowing

  • IPAY 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.

LATR No data

Full IPAY profile⁠

Full LATR profile⁠

IPAY vs 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.

IPAY vs LATR Cost

Overpaying IPAY vs LATR

$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%

    $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

Expense ratio

  • 0.75%IPAY
  • 0.35%LATR, cheaper
  • Middle half of Fintech & Payments funds
  • Median 0.55%

LATR cheapest of 7 funds

IPAY 6th cheapest of 7 funds

IPAY vs LATR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IPAY 0.84%
LATR No data
Payout (12M)
IPAY $0.41
LATR None
Last payment
IPAY $0.41
LATR No data
Ex-dividend
IPAY Dec 30, 2025
LATR No data
Paid on
IPAY Dec 31, 2025
LATR No data
Frequency
IPAY Annual
LATR No data

Distribution history

Per share, 2017 to 2026, same scale for both

IPAYAnnual · 6 paymentsAll IPAY payments⁠
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.$0$0.502017202020232026YTD
LATRAll LATR payments⁠

No distribution history available.

IPAY vs LATR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IPAY 23.7%LATR No data
Return per unit of riskSharpe ratio, 3 years
IPAY 0.39LATR No data
Worst fallMax drawdown, 5 years
IPAY −46.4%LATR No data
Market sensitivityBeta, 5 years
IPAY 1.39LATR −1.75

Popular comparisons

  • IPAYCvsFDFFB

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    Expense ratio
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