IPAY vs VOO
Amplify Digital Payments ETF vs Vanguard S&P 500 ETF
Which is better, IPAY or VOO?
Mid Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 54.0%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.75% | 0.03%Best |
| AUM | $145M | $1.0T |
| Dividend Yield | 0.88% | 1.06% |
| Holdings | 43 | 506 |
| YTD Return | -6.72% | +13.57%Best |
| 1Y Return | -15.03% | +17.55%Best |
| 3Y Return (annualized) | +7.89% | +22.46%Best |
| 5Y Return (annualized) | -6.74% | +13.28%Best |
| Volatility (annualized) | 23.4% | 15.2%Best |
| Max Drawdown | -51.8% | -34.3%Best |
| $10,000 over 5 years | $7,055 | $18,654Best |
| Top 10 Weight | 54.0% | 37.9%Best |
| Fund Family | Amplify ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jul 15, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2015 to Oct 14, 2026 (11.2 years).
IPAY vs VOO 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 11.2 years both funds cover.
IPAY vs VOO Performance
Amplify Digital Payments ETF (IPAY) is an ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IPAY returned -15.03% while VOO returned +17.55%. Year to date, IPAY is down 6.72% versus a gain of 13.57% for VOO.
Over three years, IPAY compounded at +7.89% per year against +22.46% for VOO; over five years the annualized figures are -6.74% and +13.28% respectively. Across the full 11-year window we track, VOO has the edge at +12.96% annualized vs +6.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPAY has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 15.2% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. 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 0.88% against 1.06% for VOO.
Holdings Overlap
48.9% of IPAY's money is in holdings VOO also owns. 2.3% of VOO's money is in holdings IPAY also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 41 positions we hold weights for in IPAY and 504 in VOO, against full books of 43 and 506.
What only one of them owns
Our book lists 490 positions for VOO that do not appear in our book for IPAY (97.4% of the fund), and 17 for IPAY that do not appear in VOO (33.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IPAY | Weight in VOO | Difference |
|---|---|---|---|
| VVisa Inc | 6.52% | 0.93% | 5.59% |
| MAMastercard Inc | 6.36% | 0.72% | 5.64% |
| AXPAmerican Express Co. | 6.04% | 0.27% | 5.77% |
| COFCapital One Financial Corporation (usd) | 5.99% | 0.20% | 5.79% |
| PYPLPaypal Holdings Inc | 5.79% | 0.06% | 5.73% |
| COINCoinbase Global, Inc. | 5.11% | 0.06% | 5.05% |
| CPAYCorpay Inc | 4.71% | 0.04% | 4.67% |
| GPNGlobal Payments Inc. | 4.33% | 0.03% | 4.30% |
| FISFidelity National Information Services Inc | 4.03% | 0.03% | 4.00% |
48.9% of IPAY is already inside VOO.
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 VOO?
IPAY has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, IPAY or VOO?
Over the past year IPAY returned -15.03% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), IPAY annualized +6.09% vs +12.96% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IPAY or VOO?
IPAY has been the more volatile fund at 23.4% annualized versus 15.2% 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 0.82, 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 VOO?
48.9% of IPAY's money is in holdings VOO also owns. 2.3% of VOO's is in holdings IPAY also owns. They hold 9 positions in common, counted across the 41 positions we hold weights for in IPAY and 504 in VOO.
Which pays a higher dividend, IPAY or VOO?
IPAY yields 0.88% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than IPAY?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 54.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.