Do FINX and IPAY hold the same stocks?

By their latest filings, 45% 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, FINX or IPAY?

FINX has 33% of its weight in S&P 500 names and IPAY has 58%, so FINX differs more from the index.

Which is cheaper, FINX or IPAY?

FINX charges 0.68% a year and IPAY charges 0.75%, so FINX is cheaper. Fees come from each fund's prospectus.

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FINX vs IPAY: which is really different?

FINX and IPAY hold 45% of their weight in the same names, and IPAY returned −18.3% over the year. Global X FinTech ETF and Amplify Digital Payments ETF.

33.1%

FINX in the S&P 500

57.6%

IPAY in the S&P 500

−27.1%

FINX total return, 1 year

−18.3%

IPAY total return, 1 year

FINX · 1 year to Sep 30, 202667% of its weight is outside the S&P 500

33% of FINX's weight is in S&P 500 companies and 67% 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 · FINX scores higherHow much of it is not the index it is sold as an alternative to?

FINX 71.7

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, FINX and IPAY hold 45% 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 30, 2026.

50%

half

45% in common

Positions both hold, largest shared weight first

Holding FINX IPAY

PAYPAL HOLDINGS INC 6.74% 5.73%

COINBASE GLOBAL INC -CLASS A 5.55% 5.04%

BLOCK INC 6.67% 4.51%

FISERV INC 4.33% 4.33%

GLOBAL PAYMENTS INC 4.25% 4.40%

ADYEN NV 4.24% 4.00%

AFFIRM HOLDINGS INC 3.76% 4.53%

FIDELITY NATIONAL INFO SERVICES 2.98% 4.01%

TOAST INC-CLASS A 2.82% 3.99%

NEXI SPA 1.03% 1.92%

ACI WORLDWIDE INC 0.92% 2.26%

SHIFT4 PAYMENTS INC-CLASS A 0.55% 1.11%

Only in FINX

ROBINHOOD MARKETS INC - A 8.56%

SOFI TECHNOLOGIES INC 3.72%

INTUIT INC 3.61%

SS&C TECHNOLOGIES HOLDINGS 3.45%

CIRCLE INTERNET GROUP INC 3.31%

GUIDEWIRE SOFTWARE INC 2.25%

WISE GROUP PLC-CL A 2.19%

JACK HENRY & ASSOCIATES INC 1.92%

Only in IPAY

Visa Inc 6.51%

Mastercard Inc 6.38%

American Express Co 6.08%

Capital One Financial Corp 5.95%

Corpay Inc 4.70%

Wise Group PLC 4.49%

WEX Inc 3.12%

Remitly Global Inc 2.15%

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

45% 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	FINX	IPAY	FINX	IPAY	FINX	IPAY
3 months	−4.2%	−2.6%	−6.7 pts	−5.1 pts	−6.3 pts	−4.7 pts
6 months	+6.1%	+8.9%	−10.8 pts	−8.1 pts	−20.7 pts	−18.0 pts
1 year	−27.1%	−18.3%	−42.8 pts	−34.0 pts	−50.9 pts	−42.1 pts
3 years	+22.3%	+20.2%	−62.7 pts	−64.8 pts	−87.7 pts	−89.8 pts
Since launch FINX Sep 2016 · IPAY Jul 2015	+75.0%	+85.9%	−246.2 pts	−246.5 pts	−514.3 pts	−532.1 pts

FINX 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

FINX

Global X FinTech ETF · Holds 83 stocks in fintech and digital payments, 33% 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 Global X Amplify

Theme Fintech and digital payments Fintech and digital payments

In the S&P 500 33.1% 57.6%

Active share vs the S&P 500 99.6% 97.7%

In the Nasdaq-100 10.4% 5.7%

Holdings 83 43

Top ten, share of the fund 51.4% 53.9%

Expense ratio 0.68% 0.75%

Fee for the differing part 0.68% 0.77%

Total return, 1 year −27.1% −18.3%

vs the S&P 500 −42.8 pts −34.0 pts

vs the Nasdaq-100 −50.9 pts −42.1 pts

Below its high −50.6% −35.6%

Net assets $155m $146m

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

FINX in plain words

By weight, 33% of FINX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 51% of the fund across 83 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −27.1% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 42.8 pts. It sits 50.6% below its all-time high of Oct 25, 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 FINX and IPAY hold the same stocks?: By their latest filings, 45% 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, FINX or IPAY?: FINX has 33% of its weight in S&P 500 names and IPAY has 58%, so FINX differs more from the index.
Which is cheaper, FINX or IPAY?: FINX charges 0.68% a year and IPAY charges 0.75%, so FINX is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

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