IPAY vs VTI
Amplify Digital Payments ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, IPAY or VTI?
Mid Cap Growth against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IPAY | VTI |
|---|---|---|
| Expense Ratio | 0.75% | 0.03%Best |
| AUM | $187M | $666.9B |
| Dividend Yield | 0.82% | 1.07% |
| Holdings | 86 | 3,543 |
| YTD Return | -0.32% | +13.59%Best |
| 1Y Return | -13.03% | +20.00%Best |
| 3Y Return (annualized) | +7.37% | +20.95%Best |
| 5Y Return (annualized) | -6.21% | +11.81%Best |
| Volatility (annualized) | 23.2% | 15.7%Best |
| Max Drawdown | -51.8% | -35.0%Best |
| $10,000 over 5 years | $7,257 | $17,474Best |
| Fund Family | Amplify ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jul 15, 2015 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2015 to Sep 4, 2026 (11.1 years).
IPAY vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.1 years both funds cover.
IPAY vs VTI Performance
Amplify Digital Payments ETF (IPAY) is an ETF from Amplify ETFs and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year IPAY returned -13.03% while VTI returned +20.00%. Year to date, IPAY is down 0.32% versus a gain of 13.59% for VTI.
Over three years, IPAY compounded at +7.37% per year against +20.95% for VTI; over five years the annualized figures are -6.21% and +11.81% respectively. Across the full 11-year window we track, VTI has the edge at +12.54% annualized vs +6.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPAY has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 15.7% for VTI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPAY charges 0.75% per year while VTI 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 1.07% for VTI.
Holdings Overlap
At least 80.2% of IPAY's money is in holdings VTI also owns.
Stated as a floor: for VTI, our book for it covers 92.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of IPAY is already inside VTI. Owning both mostly buys the same companies twice.
22 positions in common, counted across the 41 positions we hold weights for in IPAY and 2,787 in VTI, against full books of 86 and 3,543.
Top Shared Holdings
| Stock | Weight in IPAY | Weight in VTI | Difference |
|---|---|---|---|
| PYPLPaypay Holdings, Inc. | 7.04% | 0.05% | 6.99% |
| VVisa Inc Class A | 5.89% | 0.77% | 5.12% |
| MAMastercard Inc | 6.03% | 0.56% | 5.47% |
| COFCapital One Financial Corp. | 6.16% | 0.17% | 5.99% |
| AXPAmerican Express Co. | 5.76% | 0.25% | 5.51% |
| TOSTToast Inc-A | 5.94% | 0.02% | 5.92% |
| GPNGlobal Payments Inc. | 5.06% | 0.02% | 5.04% |
| CPAYCorpay Inc | 4.75% | 0.03% | 4.72% |
| AFRMAffirm Holdings Inc Class A | 4.54% | 0.03% | 4.51% |
| SQBlock Inc | 4.46% | 0.06% | 4.40% |
80.2% of IPAY is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IPAY or VTI?
IPAY has an expense ratio of 0.75% while VTI charges 0.03%. VTI is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, IPAY or VTI?
Over the past year IPAY returned -13.03% vs +20.00% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (11 years), IPAY annualized +6.78% vs +12.54% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IPAY or VTI?
IPAY has been the more volatile fund at 23.2% annualized versus 15.7% for VTI. Worst drawdown: IPAY -51.8% vs VTI -35.0%.
Should I hold both IPAY and VTI?
IPAY and VTI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IPAY and VTI?
At least 80.2% of IPAY's money is in holdings VTI also owns. Our book for VTI is partial, so the real figure is this or higher. They hold 22 positions in common, counted across the 41 positions we hold weights for in IPAY and 2,787 in VTI.
Which pays a higher dividend, IPAY or VTI?
IPAY yields 0.82% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
Is VTI better than IPAY?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.