ETFMG Prime Mobile Payments ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
32.3x P/Sales
ratio
3.9x
P/BV
ratio
3.2x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ETFMG Prime Mobile Payments ETF tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions.

FUND BASICS
Category Global Equities
Fund Sponsor ETF Managers Group
Website www.etfmgfunds.com
Inception date Jul 16, 2015
Assets (mns) $724
Currency USD
Expense ratio 75 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $83,696
Large cap (>$10bn) 70.6%
Mid cap ($2-10bn) 23.1%
Small cap (<$2bn) 6.3%
Developed mkts 97.6%
Emerging mkts 2.4%

TOP TEN HOLDINGS
PAYPAL HOLDINGS INC 8.8 %
VISA INC-CLASS A SHARES 6.4 %
MASTERCARD INC-CLASS A 6.2 %
FIDELITY NATIONAL INFORMATIO 6.1 %
ADYEN NV 6.0 %
GLOBAL PAYMENTS INC 5.8 %
FISERV INC 5.6 %
SQUARE, INC. CLASS A 4.9 %
AMERICAN EXPRESS CO 4.6 %
GMO PAYMENT GATEWAY, INC. 3.7 %
Total 58.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.4 %
FRANCE 6.1 %
NETHERLANDS 6.0 %
BRAZIL 5.6 %
JAPAN 4.3 %
GERMANY 2.6 %
PUERTO RICO 1.8 %
CYPRUS 1.3 %
BRITAIN 0.5 %
HONG KONG 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.6% 9.7% -- -- 14.6%

Market Correlations
versus... Beta R-squared
S&P500 1.25 82%
MSCI EAFE 1.26 72%
MSCI Emg. Mkts. 0.91 57%

Technical Indicators
Recent close $49.79
30d moving avg. $43.86
Annualized volatility 23.3%
Short interest (ETF) 1.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 239
Turnover 1.6%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $11,353

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ETFMG Prime Mobile Payments ETF ETF based on the alternatives' overlap in portfolio holdings with IPAY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPAY Expense: 75 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPAY
Ticker Fund
Name
Overlap1
vs IPAY
(%)
Expense
ratio
(bp)
Savings
vs IPAY
(bp)
ALTAR
Score™
(%)
ALTAR
vs IPAY
(%)
TPAY Tortoise Digital Payments Infrastructure Fund 71.1 40 35 5.5 -0.9
FINX Global X FinTech Thematic ETF 35.8 68 7 4.3 -2.1
GFIN Goldman Sachs Motif Finance Reimagined ETF 33.2 50 25 5.6 -0.8
JHMF John Hancock Multifactor Financials ETF 19.1 40 35 7.7 +1.3
LEND Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF 17.6 65 10 12.7 +6.3
KOIN Innovation Shares NextGen Protocol ETF 17.5 95 -20 4.4 -2.0
IYG iShares US Financial Services ETF 15.6 42 33 6.8 +0.4
XLK Technology Select Sector SPDR Fund 15.2 13 62 5.0 -1.4
SPHQ Invesco S&P 500 Quality ETF 14.8 15 60 5.2 -1.3
FTEC Fidelity MSCI Information Technology Index ETF 13.9 8 67 4.9 -1.5
VGT Vanguard Information Technology Index Fund 13.7 10 65 4.8 -1.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 13.7 29 46 4.3 -2.1
IYJ iShares U.S. Industrials ETF 13.5 42 33 5.9 -0.5
ARKF ARK Fintech Innovation ETF 13.4 75 0 0.8 -5.6
SHE SPDR SSGA Gender Diversity Index ETF 13.3 20 55 5.5 -0.9
FPX First Trust US IPO Index Fund 13.0 59 16 4.2 -2.2
IXN iShares Global Tech ETF 12.9 46 29 4.8 -1.6
IYF iShares U.S. Financials ETF 12.9 42 33 7.0 +0.6
JOYY Infusive Compounding Global Equities ETF 12.2 50 25 3.9 -2.5
BUYZ Franklin Disruptive Commerce ETF 12.2 50 25 -0.1 -6.5
IGM iShares North American Tech ETF 11.9 46 29 4.0 -2.4
SPMO Invesco S&P 500 Momentum ETF 11.9 13 62 4.5 -1.9
RYT Invesco S&P 500 Equal Weight Technology ETF 11.6 40 35 7.4 +1.0
DTEC ALPS Disruptive Technologies ETF 11.2 50 25 3.5 -2.9
VEGN US Vegan Climate ETF 10.2 60 15 5.3 -1.1
TECB iShares US Tech Breakthrough Multisector ETF 10.1 40 35 4.1 -2.3
GVIP Goldman Sachs Hedge Industry VIP ETF 10.0 45 30 5.0 -1.4
GENY Principal Millennials Index ETF 9.1 45 30 4.0 -2.4
ADME Aptus Drawdown Managed Equity ETF 8.8 81 -6 3.8 -2.6
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 8.8 63 12 7.0 +0.6
JKE iShares Morningstar Large-Cap Growth ETF 8.8 25 50 3.5 -2.9
MILN Global X Millennials Thematic ETF 8.7 50 25 2.7 -3.7
GIGE SoFi Gig Economy ETF 8.6 59 16 -0.6 -7.0
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.5 68 7 4.4 -2.0
QGRO American Century STOXX U.S. Quality Growth ETF 8.5 29 46 3.1 -3.3
ALFA AlphaClone Alternative Alpha ETF 8.3 65 10 3.8 -2.6
HECO EcoLogical Strategy ETF 8.3 107 -32 0.0 -6.4
LRGE ClearBridge Large Cap Growth ESG ETF 8.3 60 15 4.0 -2.4
MGK Vanguard Mega Cap Growth ETF 8.3 7 68 4.3 -2.1
JMOM JPMorgan U.S. Momentum Factor ETF 8.2 12 63 3.9 -2.5
IETC iShares Evolved U.S. Technology ETF 8.2 18 57 4.1 -2.3
QVM Arrow QVM Equity Factor ETF 8.1 65 10 5.1 -1.3
PWB Invesco Dynamic Large Cap Growth ETF 7.8 55 20 3.5 -2.9
DIA SPDR Dow Jones Industrial Average ETF Trust 7.8 16 59 5.6 -0.8
XSW SPDR S&P Software & Services ETF 7.5 35 40 3.4 -3.0
QLV FlexShares US Quality Low Volatility Index Fund 7.4 22 53 5.2 -1.3
CLRG IQ Chaikin U.S. Large Cap ETF 7.4 25 50 6.1 -0.3
TMFC Motley Fool 100 Index ETF 7.3 50 25 4.0 -2.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.1 49 26 5.5 -0.9
VUG Vanguard Growth Index Fund 7.1 4 71 4.2 -2.2
EDOW First Trust Dow 30 Equal Weight ETF 7.1 50 25 5.8 -0.6
BLOK Amplify Transformational Data Sharing ETF 6.9 70 5 5.0 -1.4
IWY iShares Russell Top 200 Growth ETF 6.8 20 55 4.3 -2.1
LEGR First Trust Index Digital Transaction & Process Technology E 6.8 65 10 7.3 +0.9
IEFN iShares Evolved U.S. Financials ETF 6.8 18 57 9.1 +2.7
SCHG Schwab U.S. Large-Cap Growth ETF 6.8 4 71 4.3 -2.1
FDLO Fidelity Low Volatility Factor ETF 6.6 29 46 5.2 -1.2
IWF iShares Russell 1000 Growth ETF 6.6 19 56 4.3 -2.1
VONG Vanguard Russell 1000 Growth Index Fund 6.6 8 67 4.4 -2.0
ECOZ TrueMark ESG Active Opportunities ETF 6.6 58 17 4.4 -2.0
VOOG Vanguard S&P 500 Growth ETF 6.5 10 65 4.4 -2.0
SPYG SPDR Portfolio S&P 500 Growth ETF 6.4 4 71 4.5 -1.9
IVW iShares S&P 500 Growth ETF 6.4 18 57 4.3 -2.1
FLLV Franklin Liberty U.S. Low Volatility ETF 6.4 29 46 5.7 -0.7
PFI Invesco DWA Financial Momentum ETF 6.4 60 15 3.6 -2.8
ARKW ARK Web x.0 ETF 6.4 76 -1 -0.8 -7.2
QUAL iShares MSCI Usa Quality Factor ETF 6.4 15 60 5.4 -1.0
RPG Invesco S&P 500 Pure Growth ETF 6.4 35 40 4.4 -2.0
VGFO Virtus WMC Global Factor Opportunities ETF 6.3 49 26 6.2 -0.3
ACIO Aptus Collared Income Opportunity ETF 6.3 79 -4 4.5 -1.9
BVAL Brand Value ETF 6.1 65 10 6.1 -0.3
IUSG iShares Core S&P US Growth ETF 6.1 4 71 4.5 -1.9
IPOS Renaissance International IPO ETF 6.0 80 -5 5.1 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 5.9 15 60 5.9 -0.6
XLG Invesco S&P 500 Top 50 ETF 5.8 20 55 4.7 -1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.8 19 56 5.7 -0.7
IWP iShares Russell Mid-Cap Growth ETF 5.7 24 51 4.2 -2.2
PDP Invesco DWA Momentum ETF 5.5 62 13 2.8 -3.6
TDV ProShares S&P Technology Dividend Aristocrats ETF 5.5 45 30 4.8 -1.7
YLDE ClearBridge Dividend Strategy ESG ETF 5.5 60 15 5.0 -1.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 5.4 49 26 4.8 -1.6
PLAT WisdomTree Modern Tech Platforms Fund 5.4 45 30 1.3 -5.1
USMV iShares Edge MSCI Min Vol USA ETF 5.4 15 60 5.7 -0.7
SPGP Invesco S&P 500 GARP ETF 5.4 35 40 7.3 +0.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.3 70 5 3.1 -3.4
PRN Invesco DWA Industrials Momentum ETF 5.3 60 15 4.8 -1.6
SFYF SoFi 50 ETF 5.2 29 46 5.5 -1.0
FDN First Trust Dow Jones Internet Index Fund 5.2 52 23 2.5 -4.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 5.2 10 65 5.5 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 5.2 10 65 5.4 -1.0
LEAD Reality Shares DIVCON Leaders Dividend ETF 5.1 43 32 4.4 -2.1
SPXV ProShares S&P 500 Ex-Health Care ETF 5.1 27 48 5.2 -1.2
SYG SPDR MFS Systematic Growth Equity ETF 5.1 60 15 4.6 -1.8
OEF iShares S&P 100 ETF 5.0 20 55 5.0 -1.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 5.0 12 63 4.9 -1.5
FPXI First Trust International Equity Opportunities ETF 4.9 70 5 2.8 -3.6
MGC Vanguard Mega Cap Index Fund 4.9 7 68 5.3 -1.1
ARKK ARK Innovation ETF 4.9 75 0 -3.2 -9.6
DSI iShares MSCI KLD 400 Social ETF 4.8 25 50 5.3 -1.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 4.8 80 -5 1.7 -4.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
ETFMG Prime Mobile Payments ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.