IPAY vs. INDY ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to iShares S&P India Nifty 50 Index Fund (INDY)

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

$49.90

Average Daily Volume

31,940

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

INDY

iShares S&P India Nifty 50 Index Fund

INDY Description

The investment seeks to track the investment results of an index composed of 50 of the largest Indian equities. The Subsidiary and the fund will collectively invest at least 80% of the fund's total assets in securities that comprise the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the CNX Nifty IndexTM (the "underlying index"), which measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.47

Average Daily Volume

81,415

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	INDY
30 Days	-3.20%	1.43%
60 Days	2.91%	-0.43%
90 Days	9.98%	3.17%
12 Months	19.09%	20.65%

0 Overlapping Holdings

	Symbol	Grade	Weight in IPAY	Weight in INDY	Overlap

IPAY Overweight 25 Positions Relative to INDY

	Symbol	Grade	Weight
	PYPL	A	6.35%
	AXP	A	6.08%
	MA	C	5.81%
	V	C	5.76%
	COIN	A	5.49%
	SQ	C	4.97%
	FIS	A	4.93%
	DFS	A	4.87%
	WEX	A	4.5%
	GPN	C	4.07%
	TOST	B	3.95%
	AFRM	D	2.73%
	EEFT	C	2.12%
	STNE	C	1.95%
	FOUR	F	1.73%
	WU	B	1.67%
	ACIW	A	1.43%
	QTWO	A	1.12%
	PAGS	D	0.98%
	EVTC	C	0.94%
	MQ	D	0.92%
	DLO	F	0.51%
	IMXI	A	0.31%
	GDOT	D	0.28%
	QIWI	D	0.0%

IPAY Underweight 3 Positions Relative to INDY

	Symbol	Grade	Weight
	HDB	B	-11.61%
	IBN	A	-7.66%
	WIT	C	-0.65%

IPAY: Top Represented Industries & Keywords

Industries: Credit Services Software - Infrastructure Business Services Software - Application Information Technology Services

Keywords: Payment Systems E-Commerce Credit Card Fintech Debit Card Payment Processing S&P 500 Bank Payment Solutions Transaction Processing Transaction Processing Services E Commerce Payment System Mobile Payments Payment Card Payment Services Transfer Services ATM Banking Card Processing Electronic Funds Transfer

INDY: Top Represented Industries & Keywords

Industries: Banks - Regional - Asia Information Technology Services

Keywords: Bank Banking Cash Management Investment Banking Retail Banking Access Management Backup Software Business Intelligence Business Intelligence Software Business Loans Business Process Outsourcing Business Process Outsourcing Services CRM Car Loans Cement Services Center Infrastructure Cheque Commercial Banking Contact Center Corporate Advisory Services