IPAY vs VOO
Amplify Digital Payments ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | IPAY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $188M | $997.4B | |
| Dividend Yield | 0.82% | 1.08% | |
| Holdings | 43 | 509 | |
| YTD Return | -0.55% | +13.20% | |
| 1Y Return | -10.88% | +21.62% | |
| 3Y Return (annualized) | +8.44% | +22.16% | |
| 5Y Return (annualized) | -5.51% | +13.42% | |
| Volatility (annualized) | 23.3% | 14.1% | |
| Max Drawdown | -51.8% | -34.3% | |
| Fund Family | Amplify ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 15, 2015 | Sep 7, 2010 |
IPAY vs VOO Performance
Amplify Digital Payments ETF (IPAY) is a ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IPAY returned -10.88% while VOO returned +21.62%. Year to date, IPAY is down 0.55% versus a gain of 13.20% for VOO.
Over three years, IPAY compounded at +8.44% per year against +22.16% for VOO; over five years the annualized figures are -5.51% and +13.42% respectively. Across the full 11-year window we track, VOO has the edge at +13.51% annualized vs +6.79%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
IPAY and VOO share 11 holdings out of 535 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IPAY or VOO?
IPAY has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IPAY or VOO?
Over the past year IPAY returned -10.88% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), IPAY annualized +6.79% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, IPAY or VOO?
IPAY has been the more volatile fund at 23.3% annualized versus 14.1% for VOO. Worst drawdown: IPAY -51.8% vs VOO -34.3%.
Should I hold both IPAY and VOO?
IPAY and VOO 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 VOO?
IPAY and VOO share 11 common holdings with a 2.3% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, IPAY or VOO?
IPAY yields 0.82% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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