IPAY vs. FAZ ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to Direxion Financial Bear 3X Shares (FAZ)

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$49.87

Average Daily Volume

32,269

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FAZ

Direxion Financial Bear 3X Shares

FAZ Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000Â® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000Â® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.61

Average Daily Volume

2,979,698

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	FAZ
30 Days	-5.55%	4.56%
60 Days	1.71%	-4.53%
90 Days	6.80%	-17.35%
12 Months	15.74%	-44.13%

9 Overlapping Holdings

Symbol	Grade	Weight in IPAY	Weight in FAZ	Overlap
AXP	A	6.08%	1.41%	1.41%
DFS	A	4.87%	0.42%	0.42%
FIS	A	4.93%	1.44%	1.44%
GPN	C	4.07%	0.95%	0.95%
MA	C	5.81%	4.6%	4.6%
PYPL	B	6.35%	2.19%	2.19%
SQ	D	4.97%	0.38%	0.38%
V	C	5.76%	5.62%	5.62%
WU	B	1.67%	0.19%	0.19%

IPAY Overweight 16 Positions Relative to FAZ

Symbol	Grade	Weight
COIN	B	5.49%
WEX	A	4.5%
TOST	D	3.95%
AFRM	D	2.73%
EEFT	D	2.12%
STNE	D	1.95%
FOUR	F	1.73%
ACIW	A	1.43%
QTWO	A	1.12%
PAGS	D	0.98%
EVTC	D	0.94%
MQ	F	0.92%
DLO	F	0.51%
IMXI	B	0.31%
GDOT	D	0.28%
QIWI	D	0.0%

IPAY Underweight 88 Positions Relative to FAZ

Symbol	Grade	Weight
BRK.A	B	-7.22%
JPM	B	-6.91%
BAC	A	-4.53%
WFC	A	-3.0%
C	A	-2.84%
AMT	D	-1.64%
USB	C	-1.27%
GS	A	-1.27%
TFC	A	-1.21%
CME	B	-1.18%
SPGI	C	-1.17%
CB	B	-1.11%
PNC	A	-1.08%
MS	A	-1.07%
BLK	C	-1.01%
CCI	D	-0.96%
PLD	D	-0.95%
MMC	B	-0.93%
SCHW	A	-0.89%
ICE	C	-0.85%
EQIX	D	-0.8%
AON	D	-0.79%
COF	A	-0.78%
AIG	A	-0.74%
SPG	C	-0.73%
PGR	A	-0.71%
MCO	B	-0.68%
MET	B	-0.66%
PRU	B	-0.63%
AFL	B	-0.62%
BK	A	-0.61%
ALL	A	-0.61%
TRV	C	-0.58%
WELL	B	-0.56%
PSA	D	-0.52%
STT	A	-0.48%
AVB	A	-0.48%
TROW	D	-0.48%
EQR	A	-0.48%
SBAC	D	-0.45%
WTW	B	-0.42%
DLR	C	-0.41%
O	A	-0.4%
MSCI	D	-0.37%
WY	D	-0.37%
SYF	B	-0.37%
AMP	A	-0.35%
VTR	C	-0.35%
HIG	A	-0.35%
NTRS	A	-0.34%
MTB	A	-0.34%
BXP	C	-0.34%
ESS	A	-0.33%
CBRE	D	-0.33%
FITB	A	-0.33%
KEY	A	-0.31%
ARE	C	-0.3%
EFX	D	-0.3%
ACGL	A	-0.28%
TRU	D	-0.28%
CFG	A	-0.28%
AJG	B	-0.28%
INVH	C	-0.26%
CINF	A	-0.26%
MKL	B	-0.26%
PFG	B	-0.25%
RF	B	-0.25%
BR	C	-0.24%
HBAN	A	-0.24%
MAA	D	-0.24%
SUI	D	-0.23%
WPC	C	-0.23%
L	B	-0.22%
UDR	A	-0.22%
MKTX	F	-0.22%
NLY	B	-0.22%
EXR	D	-0.22%
ELS	D	-0.2%
FNF	B	-0.2%
NDAQ	A	-0.2%
HST	C	-0.2%
ALLY	A	-0.19%
FICO	D	-0.19%
VNO	B	-0.19%
LNC	A	-0.19%
RJF	A	-0.19%
MPW	B	-0.18%
JKHY	C	-0.18%