IPAY vs USEP

Comparison between Amplify Mobile Payments ETF (IPAY, ETF) and Innovator U.S. Equity Ultra Buffer ETF - September (USEP, ETF).

5-Year PerformanceUSEP has outperformed IPAY, delivering a return of +8.0% compared to -7.6%

IPAY vs USEP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IPAY(ETF)	USEP(ETF)
Net Assets	$152M	$152M
Expense Ratio	0.75%	0.79%
Max Drawdown	51.75%	13.37%
Sharpe Ratio	-0.96	1.32
5Y Beta	1.16	0.44
P/E Ratio	22.01	N/A
Forward P/E	12.72	N/A
PEG Ratio	0.36	N/A
5Y EPS CAGR	11.80%	N/A
Debt to Equity	119.84%	N/A
P/S Ratio	1.72	N/A
P/B Ratio	2.59	N/A

Net Assets

Winner

IPAY

$152M

USEP

$152M

Expense Ratio

Winner

IPAY

0.75%

USEP

0.79%

Max Drawdown

IPAY

51.75%

Winner

USEP

13.37%

Sharpe Ratio

IPAY

-0.96

Winner

USEP

1.32

5Y Beta

IPAY

1.16

Winner

USEP

0.44

P/E Ratio

IPAY

22.01

USEP

N/A

Forward P/E

IPAY

12.72

USEP

N/A

PEG Ratio

IPAY

0.36

USEP

N/A

5Y EPS CAGR

IPAY

11.80%

USEP

N/A

Debt to Equity

IPAY

119.84%

USEP

N/A

P/S Ratio

IPAY

1.72

USEP

N/A

P/B Ratio

IPAY

2.59

USEP

N/A

IPAY vs USEP - Historical Returns

Returns include dividend reinvestment.

Period	IPAY	USEP
1 month	+9.60%	+0.75%
3 months	+2.31%	+2.86%
6 months	-6.99%	+4.82%
1 year	-20.29%	+10.69%
5 years(CAGR)	-7.56%	+8.01%
10 years(CAGR)	+7.07%	N/A
Max(CAGR)	+6.10%	+7.96%

Winner

IPAY

+9.60%

USEP

+0.75%

IPAY

+2.31%

Winner

USEP

+2.86%

IPAY

-6.99%

Winner

USEP

+4.82%

IPAY

-20.29%

Winner

USEP

+10.69%

5Y(CAGR)

IPAY

-7.56%

Winner

USEP

+8.01%

10Y(CAGR)

IPAY

+7.07%

USEP

N/A

Max(CAGR)

IPAY

+6.10%

Winner

USEP

+7.96%

IPAY vs USEP - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	IPAY	USEP
2026	-7.24%	+5.32%
2025	-9.72%	+11.84%
2024	+27.55%	+12.74%
2023	+18.33%	+19.03%
2022	-33.83%	-8.14%
2021	-11.52%	+6.46%
2020	+32.25%	+6.87%
2019	+41.36%	+3.60%
2018	-0.03%	N/A
2017	+34.66%	N/A
2016	+6.72%	N/A
2015	-2.75%	N/A

IPAY vs USEP 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 USEP was -13.37%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

The current IPAY drawdown is -33.43%. The current USEP drawdown is -0.40%.

Rank	IPAY	USEP
#1	-51.75% Apr 28, 2021 - Oct 27, 2023	-13.37% Feb 12, 2020 - Jul 14, 2020
#2	-42.94% Feb 19, 2020 - Aug 24, 2020	-11.84% Jan 4, 2022 - Jun 13, 2023
#3	-25.01% Sep 25, 2018 - Apr 1, 2019	-9.72% Feb 19, 2025 - Jun 9, 2025
#4	-21.72% Oct 28, 2015 - Jan 3, 2017	-4.64% Sep 1, 2023 - Nov 14, 2023
#5	-12.48% Oct 12, 2020 - Nov 9, 2020	-4.03% Feb 25, 2026 - Apr 13, 2026
#6	-10.15% Jan 26, 2018 - May 17, 2018	-3.12% Sep 2, 2020 - Nov 5, 2020
#7	-10.04% Jul 29, 2019 - Jan 2, 2020	-2.43% Jul 31, 2023 - Aug 29, 2023
#8	-9.86% Aug 18, 2015 - Oct 28, 2015	-2.21% Jul 31, 2024 - Aug 13, 2024
#9	-8.76% Sep 2, 2020 - Oct 12, 2020	-2.17% Mar 28, 2024 - May 6, 2024
#10	-8.12% Feb 16, 2021 - Apr 15, 2021	-2.05% Sep 2, 2021 - Oct 21, 2021
#11	-6.73% Jan 8, 2021 - Feb 4, 2021	-2.02% Oct 27, 2025 - Dec 4, 2025
#12	-5.35% Apr 30, 2019 - May 22, 2019	-1.85% Aug 28, 2024 - Sep 13, 2024
#13	-4.77% Jul 25, 2018 - Aug 24, 2018	-1.54% Dec 11, 2024 - Jan 21, 2025
#14	-4.46% Jun 18, 2018 - Jul 12, 2018	-1.39% Nov 8, 2021 - Dec 23, 2021
#15	-3.83% May 22, 2019 - Jun 5, 2019	-1.34% Oct 8, 2025 - Oct 23, 2025