IPAY vs. MILN ETF Comparison

Comparison of ETFMG Prime Mobile Payments ETF (IPAY) to Global X Millennials Thematic ETF (MILN)

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

$60.39

Average Daily Volume

19,723

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MILN

Global X Millennials Thematic ETF

MILN Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX Millennials Thematic Index. The fund invests more than 80% of its total assets in the securities of the underlying index. The underlying index is designed to measure the performance of U.S. listed companies that provide exposure to the millennial generation, as defined by the index provider. The millennial generation refers to the demographic cohort in the U.S. with birth years ranging from 1980 to 2000. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.80

Average Daily Volume

7,407

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPAY	MILN
30 Days	9.79%	5.60%
60 Days	13.71%	9.32%
90 Days	19.92%	14.28%
12 Months	46.27%	40.68%

3 Overlapping Holdings

Symbol	Grade	Weight in IPAY	Weight in MILN	Overlap
FI	A	6.42%	3.53%	3.53%
PYPL	B	6.43%	3.37%	3.37%
SQ	A	4.84%	2.72%	2.72%

IPAY Overweight 24 Positions Relative to MILN

Symbol	Grade	Weight
TOST	A	6.23%
V	A	5.87%
AXP	B	5.83%
MA	B	5.65%
COIN	B	5.19%
DFS	B	4.96%
CPAY	A	4.83%
AFRM	A	4.82%
FIS	C	4.28%
GPN	C	4.08%
WEX	F	3.09%
FOUR	A	2.91%
ACIW	B	2.21%
QTWO	A	2.16%
EEFT	C	1.91%
WU	F	1.28%
STNE	F	1.13%
VYX	B	0.77%
EVTC	C	0.66%
MQ	F	0.64%
PAGS	F	0.59%
DLO	C	0.38%
IMXI	B	0.32%
GDOT	D	0.26%

IPAY Underweight 73 Positions Relative to MILN

Symbol	Grade	Weight
SPOT	A	-3.91%
SE	A	-3.73%
BKNG	A	-3.48%
NFLX	A	-3.35%
AAPL	C	-3.27%
COST	A	-3.24%
DASH	B	-3.17%
HD	C	-3.0%
SBUX	B	-2.95%
LOW	C	-2.94%
AMZN	B	-2.88%
INTU	B	-2.86%
GOOGL	B	-2.85%
META	C	-2.82%
CMG	C	-2.52%
LULU	C	-2.38%
UBER	F	-2.37%
AVB	B	-2.26%
DIS	B	-2.23%
EBAY	D	-2.19%
NKE	F	-2.11%
ABNB	C	-2.04%
EQR	C	-1.93%
CVNA	B	-1.9%
EXPE	B	-1.6%
INVH	D	-1.41%
SNAP	D	-1.06%
UDR	C	-1.01%
SFM	B	-1.0%
SOFI	A	-0.9%
CPT	C	-0.9%
KMX	C	-0.84%
DKS	D	-0.79%
PLNT	A	-0.57%
MTCH	F	-0.56%
PTON	B	-0.56%
SKX	F	-0.55%
VFC	C	-0.53%
HIMS	C	-0.48%
VSCO	A	-0.48%
LC	B	-0.48%
LYFT	C	-0.47%
AN	D	-0.47%
VMEO	B	-0.45%
ETSY	D	-0.43%
LTH	D	-0.42%
LRN	A	-0.42%
ZG	A	-0.41%
CARG	B	-0.4%
PRDO	B	-0.4%
UAA	C	-0.37%
SLM	A	-0.36%
COLM	C	-0.34%
GHC	B	-0.33%
LAUR	A	-0.32%
IRT	A	-0.32%
CSR	B	-0.31%
NNI	D	-0.3%
CARS	C	-0.28%
XPOF	B	-0.26%
STRA	C	-0.25%
W	D	-0.25%
CAR	C	-0.25%
YELP	C	-0.23%
ANGI	F	-0.22%
ZIP	D	-0.22%
CRI	F	-0.18%
DBI	F	-0.15%
CPRI	F	-0.15%
COUR	F	-0.14%
TRIP	F	-0.13%
ACCD	F	-0.11%
CHGG	C	-0.05%