IPAY vs. IGV ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to iShares Expanded Tech-Software Sector ETF (IGV)

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

$47.98

Average Daily Volume

33,375

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$78.53

Average Daily Volume

3,005,795

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	IGV
30 Days	-7.46%	-8.63%
60 Days	0.14%	-9.84%
90 Days	6.52%	-4.45%
12 Months	14.67%	30.17%

2 Overlapping Holdings

	Symbol	Grade	Weight in IPAY	Weight in IGV	Overlap
	ACIW	A	1.43%	0.15%	0.15%
	QTWO	A	1.12%	0.13%	0.13%

IPAY Overweight 23 Positions Relative to IGV

Symbol	Grade	Weight
PYPL	A	6.35%
AXP	A	6.08%
MA	C	5.81%
V	C	5.76%
COIN	B	5.49%
SQ	D	4.97%
FIS	A	4.93%
DFS	A	4.87%
WEX	A	4.5%
GPN	D	4.07%
TOST	B	3.95%
AFRM	D	2.73%
EEFT	D	2.12%
STNE	D	1.95%
FOUR	F	1.73%
WU	C	1.67%
PAGS	D	0.98%
EVTC	D	0.94%
MQ	D	0.92%
DLO	F	0.51%
IMXI	A	0.31%
GDOT	D	0.28%
QIWI	D	0.0%

IPAY Underweight 112 Positions Relative to IGV

Symbol	Grade	Weight
MSFT	B	-9.14%
CRM	C	-8.62%
ORCL	B	-8.14%
ADBE	D	-7.55%
INTU	C	-7.33%
NOW	C	-4.96%
PANW	B	-3.82%
SNPS	D	-3.69%
CDNS	C	-3.62%
CRWD	D	-3.06%
ROP	B	-2.49%
WDAY	D	-2.39%
ADSK	D	-2.2%
PLTR	D	-1.9%
FTNT	D	-1.84%
DDOG	C	-1.67%
HUBS	A	-1.45%
TEAM	D	-1.41%
EA	D	-1.35%
FICO	D	-1.27%
ANSS	C	-1.26%
TTWO	D	-1.01%
MSTR	B	-0.96%
PTC	C	-0.94%
TYL	D	-0.76%
ZS	F	-0.7%
ZM	F	-0.69%
NTNX	B	-0.67%
MANH	D	-0.64%
APP	A	-0.6%
DOCU	B	-0.52%
GEN	D	-0.51%
SNAP	D	-0.49%
DT	D	-0.48%
BSY	B	-0.48%
OTEX	D	-0.42%
GWRE	C	-0.4%
PATH	F	-0.37%
ESTC	D	-0.35%
DSGX	A	-0.33%
PCOR	D	-0.28%
QLYS	D	-0.27%
SPSC	D	-0.27%
CFLT	F	-0.27%
DBX	F	-0.26%
BILL	F	-0.26%
AZPN	A	-0.26%
U	F	-0.26%
TENB	D	-0.25%
IOT	D	-0.24%
S	F	-0.23%
GTLB	F	-0.22%
SMAR	F	-0.22%
DLB	F	-0.21%
VRNS	D	-0.21%
ALTR	C	-0.2%
DV	F	-0.2%
APPF	D	-0.2%
FIVN	F	-0.19%
CVLT	C	-0.18%
BOX	D	-0.17%
MARA	D	-0.16%
WK	F	-0.16%
ALRM	D	-0.15%
TDC	F	-0.15%
BLKB	A	-0.14%
BL	D	-0.14%
CCCS	C	-0.14%
HCP	F	-0.13%
ENV	A	-0.13%
RPD	D	-0.13%
FRSH	F	-0.13%
SPT	D	-0.12%
AUR	B	-0.11%
IDCC	B	-0.11%
PEGA	D	-0.11%
RNG	F	-0.11%
RAMP	D	-0.1%
PRGS	F	-0.1%
CWAN	D	-0.1%
NCNO	D	-0.09%
PD	F	-0.09%
BRZE	F	-0.09%
AI	F	-0.09%
ZETA	A	-0.08%
LSPD	F	-0.08%
RIOT	D	-0.08%
VRNT	D	-0.08%
PRO	D	-0.07%
BB	D	-0.07%
APPN	D	-0.07%
VYX	F	-0.07%
YOU	F	-0.07%
AGYS	A	-0.07%
CXM	F	-0.06%
VERX	B	-0.06%
EVBG	A	-0.06%
MODN	A	-0.05%
ADEA	D	-0.05%
ZUO	A	-0.05%
ASAN	F	-0.05%
PWSC	F	-0.05%
INTA	F	-0.05%
NABL	D	-0.04%
ATEN	D	-0.04%
JAMF	B	-0.04%
ALKT	C	-0.04%
ETWO	F	-0.03%
AVPT	B	-0.03%
MLNK	F	-0.02%
MTTR	F	-0.02%
SWI	C	-0.02%