ATLASAmplify Digital Payments ETF (IPAY): outlook, holdings and fees
Amplify Digital Payments ETF (IPAY) is an exchange-traded fund and is managed by ETFMG. The expense ratio is 0.78% and the yield is 0.90%. The ten largest holdings are 53% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on IPAY
| Last price | $50.01 (+1.9%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $48.30 – $52.17 |
| Normal 1-day range (±1σ) | ±1.3% |
| Distribution yield | 0.90% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
IPAY fund facts
| Issuer | ETFMG |
|---|---|
| Theme | Other strategies |
| Assets under management | $337M |
| Expense ratio | 0.78% |
| Number of holdings | 41 |
| Portfolio turnover | 0% |
| Inception | Jul 15, 2015 |
| Exchange | NYSE |
The index tracks the performance of common stocks (or corresponding American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs")) of Mobile Payments Companies. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Mobile Payments Companies. The fund is non-diversified.
IPAY top holdings
| Holding | Sector | Weight |
|---|---|---|
| Visa Inc. Class A V | Financial Services | 6.47% |
| Mastercard Inc MA | Financial Services | 6.36% |
| American Express Company AXP | Financial Services | 6.20% |
| Capital One Financial Corporation COF | Financial Services | 5.84% |
| PayPal Holdings Inc PYPL | Financial Services | 5.57% |
| Affirm Holdings Inc AFRM | Financial Services | 4.85% |
| Corpay Inc CPAY | Technology | 4.60% |
| Coinbase Global Inc COIN | Financial Services | 4.54% |
| Block, Inc XYZ | Technology | 4.48% |
| Wise plc WISE | Technology | 4.53% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
IPAY sector breakdown
| Sector | Weight |
|---|---|
| Technology | 51.1% |
| Financial Services | 44.4% |
| Industrials | 4.5% |
By region: North America 81.9%, Europe Developed 5.8%, United Kingdom 5.1%, Latin America 3.5%, Japan 1.4%.
IPAY returns and risk
| Year to date | +3.2% |
|---|---|
| 1 year | +11.2% |
| 3 years (annualised) | -12.5% |
| 5 years (annualised) | +3.2% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 27.3% |
| Sharpe ratio (3 years) | -0.42 |
Past returns do not guarantee future results.
IPAY: frequently asked questions
What does IPAY invest in?
Amplify Digital Payments ETF invests in a portfolio of securities. Its largest holdings are Visa Inc. Class A (6.5%), Mastercard Inc (6.4%), American Express Company (6.2%), Capital One Financial Corporation (5.8%), PayPal Holdings Inc (5.6%).
What is the IPAY expense ratio?
0.78% a year: about $78.00 for every $10,000 invested.
What is the IPAY dividend yield?
0.90%. ATLAS does not hold the exact distribution dates for ETFs.
Will IPAY go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $48.30 to $52.17 from $50.01 today. It is a probability, not a prediction.
How has IPAY performed?
Year to date +3.2%, one year +11.2%, three years -12.5% a year, five years +3.2% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer