Do BPAY and IPAY hold the same stocks?

By their latest filings, 36% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

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

BPAY has 32% of its weight in S&P 500 names and IPAY has 58%, so IPAY differs more from the index.

Which is cheaper, BPAY or IPAY?

BPAY charges 0.55% a year and IPAY charges 0.75%, so BPAY is cheaper. Fees come from each fund's prospectus.

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BPAY vs IPAY: which is really different?

BPAY and IPAY hold 36% of their weight in the same names. iShares FinTech Active ETF and Amplify Digital Payments ETF.

32.4%

BPAY in the S&P 500

57.6%

IPAY in the S&P 500

−18.4%

BPAY total return, 1 year

−18.3%

IPAY total return, 1 year

BPAY · 1 year to Sep 30, 202668% of its weight is outside the S&P 500

32% of BPAY's weight is in S&P 500 companies and 68% 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?

BPAY 43.7

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, BPAY and IPAY hold 36% 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 and Sep 29, 2026.

50%

half

36% in common

Positions both hold, largest shared weight first

Holding BPAY IPAY

GLOBAL PAYMENTS INC 4.91% 4.40%

CAPITAL ONE FINANCIAL CORP 4.21% 5.95%

BLOCK CLASS A 4.02% 4.51%

FIDELITY NATIONAL INFORMATION SERV 3.56% 4.01%

VISA CLASS A 3.27% 6.51%

MASTERCARD CLASS A 3.16% 6.38%

AMERICAN EXPRESS 2.06% 6.08%

AFFIRM HOLDINGS CLASS A 1.79% 4.53%

FISERV INC 1.46% 4.33%

WEX 1.19% 3.12%

SHIFT4 PAYMENTS CLASS A 2.53% 1.11%

ETORO GROUP CLASS A 2.78% 0.81%

Only in BPAY

BLK CSH FND TREASURY SL AGENCY 5.62%

ROBINHOOD MARKETS CLASS A 4.87%

CHIME FINANCIAL CLASS A 4.53%

JSC KASPI KZ GLOBAL SPONSORED ADS 4.14%

SEA ADS REPRESENTING LTD CLASS A 3.36%

USD CASH 3.07%

NEXI 2.98%

WEALTHFRONT 2.97%

Only in IPAY

PayPal Holdings Inc 5.73%

Coinbase Global Inc 5.04%

Corpay Inc 4.70%

Wise Group PLC 4.49%

Adyen NV 4.00%

Toast Inc 3.99%

ACI Worldwide Inc 2.26%

Remitly Global Inc 2.15%

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

36% 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	BPAY	IPAY	BPAY	IPAY	BPAY	IPAY
3 months	−6.8%	−2.6%	−9.3 pts	−5.1 pts	−8.9 pts	−4.7 pts
6 months	+11.8%	+8.9%	−5.2 pts	−8.1 pts	−15.1 pts	−18.0 pts
1 year	−18.4%	−18.3%	−34.1 pts	−34.0 pts	−42.1 pts	−42.1 pts
3 years	+32.1%	+20.2%	−52.9 pts	−64.8 pts	−77.9 pts	−89.8 pts
Since launch BPAY Aug 2022 · IPAY Jul 2015	+9.6%	+85.9%	−79.0 pts	−246.5 pts	−120.9 pts	−532.1 pts

BPAY 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

BPAY

iShares FinTech Active ETF · Holds 39 stocks in fintech and digital payments, 32% 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 iShares Amplify

Theme Fintech and digital payments Fintech and digital payments

In the S&P 500 32.4% 57.6%

Active share vs the S&P 500 97.5% 97.7%

In the Nasdaq-100 1.5% 5.7%

Holdings 39 43

Top ten, share of the fund 42.5% 53.9%

Expense ratio 0.55% 0.75%

Fee for the differing part 0.56% 0.77%

Total return, 1 year −18.4% −18.3%

vs the S&P 500 −34.1 pts −34.0 pts

vs the Nasdaq-100 −42.1 pts −42.1 pts

Below its high −23.2% −35.6%

Net assets $9m $146m

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

BPAY in plain words

By weight, 32% of BPAY'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 42% of the fund across 39 positions, as published by its issuer for Sep 29, 2026. Over the year to Sep 30, 2026 the fund returned −18.4% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 34.1 pts. It sits 23.2% below its all-time high of Jul 25, 2025.

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 BPAY and IPAY hold the same stocks?: By their latest filings, 36% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BPAY or IPAY?: BPAY has 32% of its weight in S&P 500 names and IPAY has 58%, so IPAY differs more from the index.
Which is cheaper, BPAY or IPAY?: BPAY charges 0.55% a year and IPAY charges 0.75%, so BPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

BPAY filings on SEC EDGAR ↗BPAY prospectus with the expense ratio (SEC) ↗iShares page for BPAY ↗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, BPAY against IPAY, data as of Sep 30, 2026. https://etfiq.com/compare/themes/bpay-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.