Do ARKF and IPAY hold the same stocks?

By their latest filings, 16% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ARKF or IPAY?

ARKF has 43% of its weight in S&P 500 names and IPAY has 58%, so IPAY differs more from the index.

Which is cheaper, ARKF or IPAY?

ARKF charges 0.75% a year and IPAY charges 0.75%, so ARKF is cheaper. Fees come from each fund's prospectus.

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ARKF vs IPAY: which is really different?

ARKF and IPAY hold 16% of their weight in the same names, and IPAY returned −18.3% over the year. ARK Blockchain & Fintech Innovation ETF and Amplify Digital Payments ETF.

42.9%

ARKF in the S&P 500

57.6%

IPAY in the S&P 500

−19.8%

ARKF total return, 1 year

−18.3%

IPAY total return, 1 year

ARKF · 1 year to Sep 30, 202657% of its weight is outside the S&P 500

43% of ARKF's weight is in S&P 500 companies and 57% is outside the index

IPAY · 1 year to Sep 30, 202642% of its weight is outside the S&P 500

58% of IPAY's weight is in S&P 500 companies and 42% is outside the index

ETFIQ Off-Index Score · IPAY scores higherHow much of it is not the index it is sold as an alternative to?

ARKF 22.9

IPAY 45.9

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, ARKF and IPAY hold 16% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 1, 2026.

50%

half

16% in common

Positions both hold, largest shared weight first

Holding ARKF IPAY

COINBASE GLOBAL INC -CLASS A 5.99% 5.04%

BLOCK INC 7.60% 4.51%

TOAST INC-CLASS A 4.05% 3.99%

ADYEN NV 1.78% 4.00%

ETORO GROUP LTD-A 0.80% 0.81%

Only in ARKF

SHOPIFY INC - CLASS A 7.85%

CIRCLE INTERNET GROUP INC 6.12%

ROBINHOOD MARKETS INC - A 5.61%

ARK BITCOIN ETF HOLDCO (ARKF) 5.10%

META PLATFORMS INC-CLASS A 4.51%

PALANTIR TECHNOLOGIES INC-A 4.51%

AMAZON.COM INC 3.66%

BULLISH 3.26%

Only in IPAY

Visa Inc 6.51%

Mastercard Inc 6.38%

American Express Co 6.08%

Capital One Financial Corp 5.95%

PayPal Holdings Inc 5.73%

Corpay Inc 4.70%

Affirm Holdings Inc 4.53%

Wise Group PLC 4.49%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

16% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	ARKF	IPAY	ARKF	IPAY	ARKF	IPAY
3 months	+11.5%	−2.6%	+9.0 pts	−5.1 pts	+9.4 pts	−4.7 pts
6 months	+20.0%	+8.9%	+3.0 pts	−8.1 pts	−6.9 pts	−18.0 pts
1 year	−19.8%	−18.3%	−35.5 pts	−34.0 pts	−43.6 pts	−42.1 pts
3 years	+135.4%	+20.2%	+50.4 pts	−64.8 pts	+25.4 pts	−89.8 pts
Since launch ARKF Feb 2019 · IPAY Jul 2015	+127.0%	+85.9%	−87.4 pts	−246.5 pts	−231.1 pts	−532.1 pts

ARKF and IPAY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ARKF

ARK Blockchain & Fintech Innovation ETF · Holds 41 stocks in fintech and digital payments, 43% of its weight in S&P 500 companies

IPAY

Amplify Digital Payments ETF · Holds 43 stocks in fintech and digital payments, 58% of its weight in S&P 500 companies

Issuer ARK Amplify

Theme Fintech and digital payments Fintech and digital payments

In the S&P 500 42.9% 57.6%

Active share vs the S&P 500 88.6% 97.7%

In the Nasdaq-100 34.4% 5.7%

Holdings 41 43

Top ten, share of the fund 55.0% 53.9%

Expense ratio 0.75% 0.75%

Fee for the differing part 0.85% 0.77%

Total return, 1 year −19.8% −18.3%

vs the S&P 500 −35.5 pts −34.0 pts

vs the Nasdaq-100 −43.6 pts −42.1 pts

Below its high −28.4% −35.6%

Net assets $869m $146m

ARKF and IPAY on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ARKF in plain words

By weight, 43% of ARKF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 55% of the fund across 41 positions, as published by its issuer for Oct 1, 2026. Over the year to Sep 30, 2026 the fund returned −19.8% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 35.5 pts. It sits 28.4% below its all-time high of Feb 16, 2021.

IPAY in plain words

By weight, 58% of IPAY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 54% of the fund across 43 positions, as published by its issuer for Oct 1, 2026. Over the year to Sep 30, 2026 the fund returned −18.3% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 34.0 pts. It sits 35.6% below its all-time high of Apr 28, 2021.

Questions people ask

Do ARKF and IPAY hold the same stocks?: By their latest filings, 16% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ARKF or IPAY?: ARKF has 43% of its weight in S&P 500 names and IPAY has 58%, so IPAY differs more from the index.
Which is cheaper, ARKF or IPAY?: ARKF charges 0.75% a year and IPAY charges 0.75%, so ARKF is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARKF vs BPAY ARKF vs FINX ARKF vs KYC ARKF vs LATR IPAY vs KYC IPAY vs LATR IPAY vs BPAY IPAY vs FINX

ARKF on its own →IPAY on its own →How every figure is computed →Standards and sources →

Where these figures came from

ARKF filings on SEC EDGAR ↗ARKF prospectus with the expense ratio (SEC) ↗ARK page for ARKF ↗IPAY filings on SEC EDGAR ↗IPAY prospectus with the expense ratio (SEC) ↗Amplify page for IPAY ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ARKF against IPAY, data as of Sep 30, 2026. https://etfiq.com/compare/themes/arkf-vs-ipay

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.