IPAY vs IVV
Amplify Digital Payments ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IPAY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $188M | $907.0B | |
| Dividend Yield | 0.82% | 1.10% | |
| Holdings | 43 | 508 | |
| YTD Return | +1.04% | +14.29% | |
| 1Y Return | -10.38% | +21.79% | |
| 3Y Return (annualized) | +7.87% | +22.19% | |
| 5Y Return (annualized) | -5.56% | +13.28% | |
| Volatility (annualized) | 23.3% | 15.1% | |
| Max Drawdown | -51.8% | -56.5% | |
| Fund Family | Amplify ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 15, 2015 | May 15, 2000 |
IPAY vs IVV Performance
Amplify Digital Payments ETF (IPAY) is a ETF from Amplify ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IPAY returned -10.38% while IVV returned +21.79%. Year to date, IPAY is up 1.04% versus a gain of 14.29% for IVV.
Over three years, IPAY compounded at +7.87% per year against +22.19% for IVV; over five years the annualized figures are -5.56% and +13.28% respectively. Across the full 11-year window we track, IVV has the edge at +7.06% annualized vs +6.95%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPAY has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.8% for IPAY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPAY charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, IPAY currently yields 0.82% against 1.10% for IVV.
Holdings Overlap
IPAY and IVV share 11 holdings out of 535 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IPAY or IVV?
IPAY has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IPAY or IVV?
Over the past year IPAY returned -10.38% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IPAY annualized +6.95% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, IPAY or IVV?
IPAY has been the more volatile fund at 23.3% annualized versus 15.1% for IVV. Worst drawdown: IPAY -51.8% vs IVV -56.5%.
Should I hold both IPAY and IVV?
IPAY and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPAY and IVV?
IPAY and IVV share 11 common holdings with a 2.4% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, IPAY or IVV?
IPAY yields 0.82% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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