IPAY vs. XSW ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to SPDR S&P Software & Services ETF (XSW)

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

$48.38

Average Daily Volume

31,452

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$145.97

Average Daily Volume

13,796

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	XSW
30 Days	-4.70%	-3.69%
60 Days	2.35%	-2.16%
90 Days	9.19%	-0.86%
12 Months	21.25%	28.88%

2 Overlapping Holdings

	Symbol	Grade	Weight in IPAY	Weight in XSW	Overlap
	ACIW	A	1.43%	0.8%	0.8%
	QTWO	A	1.12%	0.83%	0.83%

IPAY Overweight 23 Positions Relative to XSW

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	B	4.93%
DFS	A	4.87%
WEX	A	4.5%
GPN	C	4.07%
TOST	C	3.95%
AFRM	D	2.73%
EEFT	C	2.12%
STNE	C	1.95%
FOUR	F	1.73%
WU	B	1.67%
PAGS	D	0.98%
EVTC	B	0.94%
MQ	D	0.92%
DLO	F	0.51%
IMXI	A	0.31%
GDOT	D	0.28%
QIWI	D	0.0%

IPAY Underweight 124 Positions Relative to XSW

Symbol	Grade	Weight
AUR	B	-1.05%
MODN	B	-0.97%
ZETA	A	-0.94%
ENV	A	-0.94%
INFA	B	-0.9%
APP	B	-0.89%
HUBS	A	-0.88%
AGYS	A	-0.87%
MITK	B	-0.86%
BLKB	A	-0.86%
BSY	A	-0.86%
JAMF	A	-0.85%
DDOG	B	-0.84%
ORCL	D	-0.84%
ALKT	B	-0.83%
NCNO	F	-0.83%
DOCU	B	-0.83%
EVBG	A	-0.82%
PANW	B	-0.82%
ZUO	A	-0.82%
VERX	B	-0.81%
DT	D	-0.81%
MSFT	D	-0.81%
TTWO	D	-0.8%
ALTR	C	-0.8%
FIVN	D	-0.8%
CWAN	D	-0.79%
ROP	C	-0.79%
NOW	C	-0.79%
QLYS	B	-0.79%
TDC	D	-0.79%
WDAY	D	-0.79%
ANSS	C	-0.79%
IT	D	-0.79%
TENB	C	-0.78%
FRSH	D	-0.78%
PTC	C	-0.78%
ATEN	B	-0.78%
CVLT	C	-0.78%
APPN	B	-0.78%
TYL	C	-0.78%
PLTK	D	-0.78%
DXC	C	-0.77%
VRNT	B	-0.77%
DV	D	-0.77%
DBX	D	-0.77%
DLB	D	-0.77%
IBM	C	-0.76%
CDNS	D	-0.76%
TEAM	D	-0.76%
EA	D	-0.76%
PRGS	D	-0.76%
PRO	D	-0.76%
APPF	D	-0.76%
INTU	C	-0.76%
GTLB	C	-0.75%
CRWD	D	-0.75%
ETWO	B	-0.75%
GWRE	C	-0.75%
RAMP	F	-0.75%
NABL	D	-0.75%
ESTC	C	-0.74%
NTNX	D	-0.74%
SMAR	D	-0.74%
PEGA	D	-0.74%
INST	F	-0.74%
YEXT	F	-0.74%
KD	C	-0.74%
IDCC	C	-0.74%
SNPS	D	-0.74%
PCOR	D	-0.74%
WK	F	-0.74%
BILL	F	-0.73%
SWI	B	-0.73%
HCP	B	-0.73%
RBLX	F	-0.73%
ZM	F	-0.73%
CRM	D	-0.73%
BOX	C	-0.73%
FICO	C	-0.73%
MANH	F	-0.73%
FTNT	C	-0.73%
YOU	F	-0.73%
SPT	F	-0.73%
SPSC	D	-0.72%
BL	D	-0.71%
U	F	-0.71%
VRNS	C	-0.71%
INTA	F	-0.71%
ZS	D	-0.71%
CTSH	D	-0.71%
IBUY	C	-0.7%
ADBE	D	-0.7%
ALRM	C	-0.7%
OLO	D	-0.69%
CXM	D	-0.69%
CFLT	C	-0.69%
PDFS	F	-0.69%
MSTR	C	-0.69%
ACN	F	-0.68%
PWSC	F	-0.68%
ADSK	F	-0.68%
RPD	D	-0.67%
CLSK	B	-0.66%
PATH	D	-0.66%
PLTR	D	-0.66%
RNG	F	-0.66%
IOT	B	-0.65%
EPAM	F	-0.65%
S	C	-0.61%
CRNC	F	-0.6%
BRZE	D	-0.6%
ASAN	D	-0.59%
EGHT	F	-0.59%
GDYN	F	-0.59%
PRFT	F	-0.56%
RIOT	D	-0.55%
AI	F	-0.54%
OSPN	B	-0.54%
DMRC	F	-0.53%
SOUN	D	-0.53%
MARA	D	-0.52%
HCKT	D	-0.39%
AMSWA	F	-0.36%