SPAX vs. IPAY ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to ETFMG Prime Mobile Payments ETF (IPAY)
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
SPAX Description
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.
Grade (RS Rating)
Last Trade
$20.16
Average Daily Volume
2,551
25
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
$52.25
Average Daily Volume
23,516
27
Performance
| Period | SPAX | IPAY |
|---|---|---|
| 30 Days | -0.32% | 3.32% |
| 60 Days | 0.24% | 16.47% |
| 90 Days | 0.88% | 9.93% |
| 12 Months | 1.59% | 36.34% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in IPAY | Overlap |
|---|
SPAX Overweight 25 Positions Relative to IPAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| BACA | F | 3.2% | |
| HAIA | B | 3.02% | |
| CMCA | B | 2.64% | |
| HCVI | D | 2.63% | |
| FLD | F | 2.39% | |
| AOGO | F | 2.35% | |
| CNDA | B | 2.27% | |
| TGAA | D | 2.06% | |
| CFFS | B | 1.73% | |
| ONYX | C | 1.66% | |
| PRLH | B | 1.44% | |
| IVCP | C | 1.43% | |
| GHIX | F | 1.26% | |
| BLEU | B | 1.07% | |
| GAQ | C | 0.64% | |
| IMAQ | F | 0.43% | |
| PWUP | B | 0.42% | |
| PPYA | D | 0.26% | |
| MCAG | B | 0.25% | |
| ROCL | B | 0.22% | |
| MSSA | B | 0.17% | |
| TRON | D | 0.14% | |
| MITA | C | 0.12% | |
| BRKH | A | 0.1% | |
| VMCA | B | 0.03% |
SPAX Underweight 27 Positions Relative to IPAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| PYPL | A | -6.5% | |
| AXP | A | -6.11% | |
| FI | A | -6.05% | |
| MA | A | -5.97% | |
| V | B | -5.84% | |
| TOST | B | -4.82% | |
| CPAY | A | -4.52% | |
| FIS | A | -4.48% | |
| DFS | A | -4.43% | |
| SQ | D | -4.33% | |
| AFRM | C | -4.16% | |
| WEX | C | -3.98% | |
| COIN | F | -3.96% | |
| GPN | F | -3.95% | |
| FOUR | A | -2.88% | |
| ACIW | A | -2.25% | |
| EEFT | F | -2.08% | |
| QTWO | B | -1.94% | |
| WU | D | -1.63% | |
| STNE | F | -1.47% | |
| MQ | F | -0.9% | |
| VYX | C | -0.82% | |
| PAGS | F | -0.75% | |
| EVTC | D | -0.72% | |
| DLO | D | -0.33% | |
| GDOT | C | -0.31% | |
| IMXI | F | -0.31% |
SPAX: Top Represented Industries & Keywords
IPAY: Top Represented Industries & Keywords
Compare ETFs
