IPAY
ETFMG Prime Mobile Payments ETF
ETFMG Prime Mobile Payments ETFÂ tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions.
Fund Basics
| Fund sponsor | ETF Managers Group |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 15, 2015 |
| Assets (mns) | $357 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MASTERCARD INCORPORATED CLASS A | 6.2 % |
| AMERICAN EXPRESS CO | 6.1 % |
| VISA INC. CLASS A | 6.1 % |
| FISERV, INC. | 6.1 % |
| PAYPAL HOLDINGS, INC. | 5.9 % |
| FIDELITY NATIONAL INFORMATION SERVICES, | 3.8 % |
| GLOBAL PAYMENTS INC. | 3.6 % |
| BLOCK INC. | 3.1 % |
| DISCOVER FINANCIAL SERVICES | 2.9 % |
| FLEETCOR TECHNOLOGIES, INC. | 2.8 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 333 |
| Wgt avg mkt cap (mns) | $83,906 |
| Large cap (>$10bn) | 52.8% |
| Mid cap ($2-10bn) | 35.1% |
| Small cap (<$2bn) | 10.2% |
| Developed mkts. | 89.9% |
| Emerging mkts. | 10.1% |
Country Exposure
 |
UNITED STATES | 71.2 % |
 |
BRAZIL | 4.3 % |
 |
SOUTH KOREA | 3.5 % |
 |
JAPAN | 3.4 % |
 |
BRITAIN | 2.9 % |
 |
NETHERLANDS | 2.7 % |
 |
ITALY | 1.9 % |
 |
FRANCE | 1.9 % |
 |
URUGUAY | 1.6 % |
 |
UAE | 1.5 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.8% | -1.7% | -23.8% | -9.4% | -0.1% | -- | 6.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 71% |
| MSCI EAFE | 1.25 | 73% |
| MSCI Emg Mkts | 0.93 | 39% |
Liquidity Measures
| Avg. volume (000) | 35 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $9,113 |
Technical Indicators
| Recent close | $39.18 |
| 30d moving avg. | $41.25 |
| Annualized volatility | 26.7% |
| Relative strength (RSI) | 32 |
| Short interest (ETF) | 4.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IPAY |
Expenses vs. IPAY |
ALTAR Score™ vs. IPAY |
|---|---|---|---|---|
| FINX | Global X FinTech Thematic ETF | 41.9% | -7 bp | -3.4% |
| BPAY | BlackRock Future Financial and Technology ETF | 32.8% | -5 bp | +1.7% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 29.7% | -36 bp | -9.4% |
| VFH | Vanguard Financials Index Fund | 19.8% | -65 bp | -1.1% |
| FNCL | Fidelity MSCI Financials Index ETF | 19.6% | -67 bp | -1.1% |
| XLF | Financial Select Sector SPDR Fund | 19.6% | -65 bp | -1.7% |
| IYJ | iShares U.S. Industrials ETF | 19.5% | -36 bp | -3.2% |
| IYG | iShares US Financial Services ETF | 15.3% | -36 bp | -1.2% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 13.9% | -35 bp | +0.1% |
| IXG | iShares Global Financials ETF | 13.3% | -33 bp | -0.2% |
Risk and Returns: IPAY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/28/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IPAY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
IPAY
8.8%
Cat. Avg
4.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.8% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.2%. IPAY's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places IPAY in the 81st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IPAY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IPAY | 75.0 | 20.7 | 95.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .