IPAY vs. EQTY ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to Kovitz Core Equity ETF (EQTY)

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$51.26

Average Daily Volume

24,571

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$22.58

Average Daily Volume

48,447

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	EQTY
30 Days	3.12%	1.94%
60 Days	4.57%	2.45%
90 Days	10.05%	4.61%
12 Months	23.72%	21.20%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPAY	Weight in EQTY	Overlap
	AXP	B	6.11%	4.3%	4.3%

IPAY Overweight 24 Positions Relative to EQTY

	Symbol	Grade	Weight
	PYPL	B	6.64%
	MA	A	6.19%
	V	A	5.9%
	CPAY	C	4.93%
	DFS	C	4.76%
	FIS	A	4.65%
	GPN	C	4.46%
	TOST	C	3.95%
	SQ	D	3.92%
	AFRM	C	3.74%
	WEX	C	3.65%
	COIN	F	3.47%
	FOUR	C	2.41%
	EEFT	F	2.22%
	ACIW	B	2.17%
	QTWO	B	1.74%
	WU	F	1.58%
	STNE	F	1.58%
	MQ	F	0.92%
	EVTC	D	0.87%
	PAGS	F	0.79%
	GDOT	C	0.33%
	DLO	D	0.32%
	IMXI	D	0.26%

IPAY Underweight 9 Positions Relative to EQTY

	Symbol	Grade	Weight
	META	B	-4.61%
	GOOG	D	-4.53%
	BDX	D	-4.51%
	AMZN	C	-4.31%
	KEYS	C	-4.18%
	J	D	-4.07%
	PM	B	-4.05%
	ICE	B	-3.72%
	BRK.A	C	-3.63%

IPAY: Top Represented Industries & Keywords

Industries: Credit Services Software - Infrastructure Business Services Software - Application Information Technology Services

Keywords: Payment Systems E-Commerce Credit Card Fintech Debit Card S&P 500 Payment Solutions Bank Payment Processing Transaction Processing Transaction Processing Services E Commerce Payment System Mobile Payments Payment Card Transfer Services ATM Banking Card Processing Electronic Funds Transfer Payment

EQTY: Top Represented Industries & Keywords

Industries: Internet Content & Information Credit Services Engineering & Construction Financial Data & Stock Exchanges Insurance - Diversified Medical Instruments & Supplies Scientific & Technical Instruments Specialty Retail Tobacco

Keywords: S&P 500 Hyperscale Nasdaq 100 Aerospace Computing Dow Jones Component Software Work From Home Advertising Network Advertising Services Anesthesia Antibodies Application Programming Interface Artificial Intelligence Auction Based Advertising Program Automation Software Biology Biotechnology Calibration Calibration Services