IPAY vs HFGM
Comparison between Amplify Mobile Payments ETF (IPAY, ETF) and UNLIMITED HFGM GLOBAL MACRO ETF (HFGM, ETF).
IPAY vs HFGM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPAY
$152M
HFGM
$152M
Expense Ratio
Winner
IPAY
0.75%
HFGM
1.01%
Max Drawdown
IPAY
51.75%
Winner
HFGM
15.09%
Sharpe Ratio
IPAY
-0.96
Winner
HFGM
0.92
5Y Beta
IPAY
1.16
Winner
HFGM
0.96
P/E Ratio
IPAY
22.01
HFGM
N/A
Forward P/E
IPAY
12.72
HFGM
N/A
PEG Ratio
IPAY
0.36
HFGM
N/A
5Y EPS CAGR
IPAY
11.80%
HFGM
N/A
Debt to Equity
IPAY
119.84%
HFGM
N/A
P/S Ratio
IPAY
1.72
HFGM
N/A
P/B Ratio
IPAY
2.59
HFGM
N/A
IPAY vs HFGM - Holdings Comparison
IPAY and HFGM have 1 common holdings. Overlap is -119.12%
IPAY's top 25 holdings weight is 91.34%. HFGM's top 25 holdings weight is 315.82%.
| Rank | IPAY | HFGM |
|---|---|---|
| #1 | AMERICAN EXPRESS CO (AXP) - 6.27% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 62.81% |
| #2 | CAPITAL ONE FINANCIAL CORP (COF) - 6.07% | AUSTRALIAN DOLLAR FUTURE SEPT 26 (n/a) - 35.01% |
| #3 | VISA INC CLASS A (V) - 6.05% | CBOE HIGH YIELD CORPORATE BOND INDEX FUTURE SEPT 26 (n/a) - 34.33% |
| #4 | MASTERCARD INC CLASS A (MA) - 6.02% | OTHER ASSETS AND LIABILITIES (n/a) - 29.41% |
| #5 | PAYPAL HOLDINGS INC (PYPL) - 5.90% | NIKKEI/USD FUTURE SEPT 26 (n/a) - 21.65% |
| #6 | TOAST INC CLASS A (TOST) - 5.40% | COPPER FUTURE SEPT 26 (n/a) - 19.01% |
| #7 | AFFIRM HOLDINGS INC ORDINARY SHARES CLASS A (AFRM) - 5.32% | CRUDE OIL FUTURE SEPT 26 (n/a) - 13.76% |
| #8 | BLOCK INC CLASS A (XYZ) - 4.72% | GOLD FUTURE AUG 26 (n/a) - 13.43% |
| #9 | GLOBAL PAYMENTS INC (GPN) - 4.66% | E-MINI S&P 500 FUTURE SEPT 26 (n/a) - 12.07% |
| #10 | CORPAY INC (CPAY) - 4.50% | E-MINI RUSSELL 2000 INDEX FUTURE SEPT 26 (n/a) - 10.76% |
| #11 | WISE GROUP PLC CLASS A (WSE) - 4.20% | MSCI EAFE INDEX FUTURE SEPT 26 (n/a) - 7.20% |
| #12 | FIDELITY NATIONAL INFORMATION SERVICES INC (FIS) - 4.03% | LME PRI ALUM FUTR AUG26 (n/a) - 6.79% |
| #13 | ADYEN NV (n/a) - 3.79% | EURO STOXX 50 FUTURE SEPT 26 (n/a) - 6.74% |
| #14 | FISERV INC (FISV) - 3.71% | ISHARES MSCI CHINA ETF (MCHI) - 5.39% |
| #15 | COINBASE GLOBAL INC ORDINARY SHARES CLASS A (COIN) - 3.43% | MSCI EMERGING MARKETS INDEX FUTURE SEPT 26 (n/a) - 5.36% |
| #16 | WEX INC (WEX) - 2.63% | BRITISH POUND FUTURE SEPT 26 (n/a) - 4.54% |
| #17 | ACI WORLDWIDE INC (ACIW) - 2.42% | VANGUARD EMERGING MKTS GOVT BD ETF (VWOB) - 4.30% |
| #18 | REMITLY GLOBAL INC (RELY) - 2.28% | US DOLLAR INDEX FUTURE SEPT 26 (n/a) - 4.28% |
| #19 | NEXI SPA (n/a) - 1.77% | CBOE VIX FUTURE JUL26 (n/a) - 4.23% |
| #20 | GMO PAYMENT GATEWAY INC (n/a) - 1.54% | SOYBEAN FUTURE AUG 26 (n/a) - 3.93% |
| #21 | SHIFT4 PAYMENTS INC CLASS A (FOUR) - 1.43% | LIVE CATTLE FUTURE AUG 26 (n/a) - 3.23% |
| #22 | Q2 HOLDINGS INC (QTWO) - 1.42% | SWISS FRANC FUTURE SEPT 26 (n/a) - 2.95% |
| #23 | EURONET WORLDWIDE INC (EEFT) - 1.29% | FUTURE ON NICKEL (n/a) - 2.48% |
| #24 | ZIP CO LTD (n/a) - 1.29% | COCOA FUTURE SEPT 26 (n/a) - 1.42% |
| #25 | THE WESTERN UNION CO (WU) - 1.20% | CORN FUTURE SEPT 26 (n/a) - 0.74% |
| Total Holdings | 43 | 32 |
IPAY vs HFGM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IPAY
+9.60%
HFGM
+2.52%
3M
Winner
IPAY
+2.31%
HFGM
-6.16%
6M
IPAY
-6.99%
Winner
HFGM
-3.94%
1Y
IPAY
-20.29%
Winner
HFGM
+23.45%
5Y(CAGR)
IPAY
-7.56%
HFGM
N/A
10Y(CAGR)
IPAY
+7.07%
HFGM
N/A
Max(CAGR)
IPAY
+6.10%
Winner
HFGM
+28.68%
IPAY vs HFGM - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | IPAY | HFGM |
|---|---|---|
| 2026 | -7.24% | +7.45% |
| 2025 | -9.72% | +26.87% |
| 2024 | +27.55% | N/A |
| 2023 | +18.33% | N/A |
| 2022 | -33.83% | N/A |
| 2021 | -11.52% | N/A |
| 2020 | +32.25% | N/A |
| 2019 | +41.36% | N/A |
| 2018 | -0.03% | N/A |
| 2017 | +34.66% | N/A |
| 2016 | +6.72% | N/A |
| 2015 | -2.75% | N/A |
IPAY vs HFGM Drawdown Comparison
The maximum drawdown for IPAY was -51.75%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The maximum drawdown for HFGM was -15.09%, occurring on Jun 24, 2026. This drawdown has not yet recovered.
The current IPAY drawdown is -33.43%. The current HFGM drawdown is -10.53%.
| Rank | IPAY | HFGM |
|---|---|---|
| #1 | -51.75% Apr 28, 2021 - Oct 27, 2023 | -15.09% Mar 10, 2026 - Jun 24, 2026 |
| #2 | -42.94% Feb 19, 2020 - Aug 24, 2020 | -10.16% Oct 20, 2025 - Jan 6, 2026 |
| #3 | -25.01% Sep 25, 2018 - Apr 1, 2019 | -8.72% Jan 29, 2026 - Mar 10, 2026 |
| #4 | -21.72% Oct 28, 2015 - Jan 3, 2017 | -7.06% Oct 6, 2025 - Oct 16, 2025 |
| #5 | -12.48% Oct 12, 2020 - Nov 9, 2020 | -3.14% Jul 23, 2025 - Aug 7, 2025 |
| #6 | -10.15% Jan 26, 2018 - May 17, 2018 | -2.80% May 29, 2025 - Jun 11, 2025 |
| #7 | -10.04% Jul 29, 2019 - Jan 2, 2020 | -2.80% Jun 27, 2025 - Jul 9, 2025 |
| #8 | -9.86% Aug 18, 2015 - Oct 28, 2015 | -2.68% Jun 12, 2025 - Jun 27, 2025 |
| #9 | -8.76% Sep 2, 2020 - Oct 12, 2020 | -2.09% Aug 28, 2025 - Sep 8, 2025 |
| #10 | -8.12% Feb 16, 2021 - Apr 15, 2021 | -1.94% Aug 13, 2025 - Aug 22, 2025 |
| #11 | -6.73% Jan 8, 2021 - Feb 4, 2021 | -1.89% Sep 22, 2025 - Oct 1, 2025 |
| #12 | -5.35% Apr 30, 2019 - May 22, 2019 | -1.73% Jan 14, 2026 - Jan 21, 2026 |
| #13 | -4.77% Jul 25, 2018 - Aug 24, 2018 | -1.71% Jul 11, 2025 - Jul 21, 2025 |
| #14 | -4.46% Jun 18, 2018 - Jul 12, 2018 | -1.35% Oct 16, 2025 - Oct 20, 2025 |
| #15 | -3.83% May 22, 2019 - Jun 5, 2019 | -1.32% May 13, 2025 - May 27, 2025 |
Correlation
Correlation between IPAY and HFGM is -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.81
-101
Dividend Comparison (2024 - 2025)
IPAY vs HFGM dividend yield comparison.
| Year | IPAY | HFGM |
|---|---|---|
| 2025 | 0.79% | 11.23% |
| 2024 | 0.77% | 0.00% |
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