KONG vs. IPAY ETF Comparison
Comparison of Formidable Fortress ETF (KONG) to ETFMG Prime Mobile Payments ETF (IPAY)
KONG
Formidable Fortress ETF
KONG Description
The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.
Grade (RS Rating)
Last Trade
$30.78
Average Daily Volume
2,568
33
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
$61.02
Average Daily Volume
20,503
27
Performance
| Period | KONG | IPAY |
|---|---|---|
| 30 Days | 4.39% | 12.96% |
| 60 Days | 5.75% | 16.16% |
| 90 Days | 9.18% | 21.02% |
| 12 Months | 22.10% | 48.75% |
0 Overlapping Holdings
| Symbol | Grade | Weight in KONG | Weight in IPAY | Overlap |
|---|
KONG Overweight 33 Positions Relative to IPAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| TPL | A | 5.61% | |
| MKTX | D | 3.61% | |
| IBKR | A | 3.54% | |
| FFIV | B | 3.52% | |
| NVDA | C | 3.52% | |
| SNA | A | 3.25% | |
| UTHR | C | 3.25% | |
| ADBE | C | 3.24% | |
| FAST | B | 3.2% | |
| GOOG | C | 3.2% | |
| SPGI | C | 3.18% | |
| CTSH | B | 3.17% | |
| META | D | 3.04% | |
| WST | C | 3.01% | |
| DOX | D | 2.99% | |
| GGG | B | 2.99% | |
| GLPI | C | 2.99% | |
| SNPS | B | 2.94% | |
| RS | B | 2.94% | |
| ADM | D | 2.93% | |
| REGN | F | 2.92% | |
| MNST | C | 2.92% | |
| PSA | D | 2.89% | |
| JKHY | D | 2.85% | |
| CHE | D | 2.79% | |
| JNJ | D | 2.76% | |
| VRTX | F | 2.68% | |
| MSFT | F | 2.63% | |
| GNTX | C | 2.4% | |
| CTRA | B | 2.4% | |
| ADP | B | 2.32% | |
| EME | C | 2.22% | |
| ERIE | D | 2.11% |
KONG Underweight 27 Positions Relative to IPAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| PYPL | B | -6.43% | |
| FI | A | -6.42% | |
| TOST | B | -6.23% | |
| V | A | -5.87% | |
| AXP | A | -5.83% | |
| MA | C | -5.65% | |
| COIN | C | -5.19% | |
| DFS | B | -4.96% | |
| SQ | B | -4.84% | |
| CPAY | A | -4.83% | |
| AFRM | B | -4.82% | |
| FIS | C | -4.28% | |
| GPN | B | -4.08% | |
| WEX | D | -3.09% | |
| FOUR | B | -2.91% | |
| ACIW | B | -2.21% | |
| QTWO | A | -2.16% | |
| EEFT | B | -1.91% | |
| WU | D | -1.28% | |
| STNE | F | -1.13% | |
| VYX | B | -0.77% | |
| EVTC | B | -0.66% | |
| MQ | F | -0.64% | |
| PAGS | F | -0.59% | |
| DLO | C | -0.38% | |
| IMXI | B | -0.32% | |
| GDOT | D | -0.26% |
KONG: Top Represented Industries & Keywords
IPAY: Top Represented Industries & Keywords
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