# IPAY (Amplify Digital Payments ETF)

Amplify · Thematic ETFs · data as of Sep 11, 2026

IPAY holds 44 stocks, and 43% of its weight is outside the S&P 500.

## Key facts

- IPAY, already in the S&P 500: 57.2%, as of Sep 11, 2026.
- IPAY, active share vs the S&P 500: 97.7%, as of Sep 11, 2026.
- IPAY, top ten holdings: 52.9%, as of Sep 11, 2026.
- IPAY, total return, 1 year: −15.9%, as of Sep 11, 2026.
- IPAY, net assets: $171m (issuer page, as of Sep 11, 2026).
- IPAY, expense ratio: 0.75% (485BPOS XBRL, Jan 28, 2026).

## IPAY over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +12.9% | +3.3% | +9.6 pts | +13.7 pts |
| 6 months | +14.0% | +16.0% | −2.0 pts | −6.7 pts |
| 1 year | −15.9% | +17.5% | −33.5 pts | −38.9 pts |
| 3 years | +21.1% | +77.9% | −56.8 pts | −74.0 pts |
| Since launch | +98.5% | +332.2% | −233.7 pts | −494.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Fintech and digital payments | ETFIQ, editorial |
| Launched | Jul 16, 2015 | ETFIQ |
| Already in the S&P 500, by weight | 57.2% | ETFIQ |
| Active share vs the S&P 500 | 97.7% | ETFIQ |
| Already in the Nasdaq-100, by weight | 5.5% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.8% | ETFIQ |
| Top ten holdings weight | 52.9% | ETFIQ |
| Holdings | 44 | ETFIQ |
| Holdings published for | Sep 14, 2026 | the issuer’s daily file |
| Top holdings | Visa Inc 6.3%, Mastercard Inc 6.2%, American Express Co 6.1%, Capital One Financial Corp 6.0%, PayPal Holdings Inc 5.5%, Fiserv Inc 4.6%, Corpay Inc 4.6%, Block Inc 4.6%, Global Payments Inc 4.5%, Coinbase Global Inc 4.4% | ETFIQ |
| Net assets | $171m | issuer page, as of Sep 11, 2026 |
| Below its all-time high | −31.2% | ETFIQ |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 28, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.77% | ETFIQ |

## Questions

### How much of IPAY is in S&P 500 companies?

By its holdings published by its issuer for Sep 14, 2026, 57% of IPAY by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.

### What does IPAY hold?

44 positions as published by its issuer for Sep 14, 2026, with the top ten at 53% of the fund. The largest are Visa Inc at 6.3%, Mastercard Inc at 6.2%, American Express Co at 6.1%.

### Has IPAY beaten the S&P 500?

Over the year to Sep 11, 2026 IPAY returned −15.9% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 33.5 points.

### What does IPAY cost?

The prospectus expense ratio is 0.75% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.77%.


## Cite this page

ETFIQ, IPAY, data as of Sep 11, 2026. https://etfiq.com/funds/ipay
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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