Amplify Digital Payments ETF (IPAY) Performance
IPAY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.7% since Dec 31, 2025
- 1 year
- −13.1% total return
- 5 years
- −6.2% a year
- 10 years
- +7.5% a year
- Since first price
- +6.4% a year since 2015
IPAY trailing returns vs SPY, QQQ, AGG
| Period | IPAY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.5% | +5.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.7% | +3.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.1% | +6.1% | +7.8% | +8.4% | −1.5% |
| YTD | −4.7% | −4.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −13.1% | −13.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +35.3%+10.6%/yr | +33.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −27.4%−6.2%/yr | −28.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +105.6%+7.5%/yr | +100.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJul 16, 2015 | +101.8%+6.4%/yr | +96.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IPAY vs SPY
From Jul 16, 2015: IPAY grew to $20,183, SPY to $43,042.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IPAY returns by calendar year
7 of 10 full years positive. Best 2019 (+41.8%), worst 2022 (−32.4%). 2026 is year to date.
IPAY annual returns table
| Year | IPAY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.7% | −22.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −9.6% | −25.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.9% | −14.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.3% | −23.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −32.4% | −36.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −12.7% | −24.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +34.2% | −42.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +41.8% | −10.0% | +31.2% | +39.0% | +8.5% |
| 2018 | +0.9% | −24.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +36.4% | −3.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +4.6% | −15.9% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IPAY largest drawdowns
Now 30.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 28, 2021 | −51.7% | Oct 27, 2023 | not yet | 2.5 years | 5.5 years so far |
| Feb 19, 2020 | −42.9% | Mar 23, 2020 | Aug 24, 2020 | 33 days | 6 months |
| Sep 25, 2018 | −24.5% | Dec 24, 2018 | Apr 1, 2019 | 3 months | 6 months |
| Oct 28, 2015 | −21.7% | Feb 11, 2016 | Nov 25, 2016 | 3 months | 1.1 years |
| Oct 12, 2020 | −12.5% | Oct 30, 2020 | Nov 9, 2020 | 18 days | 28 days |
| Jan 26, 2018 | −10.2% | Feb 8, 2018 | May 10, 2018 | 13 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IPAY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +6.4% | −7.0% | +6.6% | +5.8% |
| Volatility (annualized) | 24.1% | 24.9% | 23.8% | 23.4% |
| Sharpe ratio | 0.19 | -0.32 | 0.29 | 0.27 |
| Sortino ratio | 0.31 | -0.45 | 0.44 | 0.41 |
| Best month | +18.4% | +18.4% | +20.8% | +20.8% |
| Worst month | −9.8% | −14.8% | −22.3% | −22.3% |
| Best 12 months | +48.8% | +48.8% | +79.2% | +79.2% |
| Worst 12 months | −22.5% | −44.2% | −44.4% | −44.4% |
| Positive months | 50% | 45% | 57% | 57% |
| Beta vs S&P 500 | 1.40 | 1.24 | 1.28 | — |
| Correlation with S&P 500 | 0.72 | 0.78 | 0.82 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IPAY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 124 | −44.4% | +14.3% | +79.2% | 69% |
| 3-year (a year) | 100 | −12.7% | +9.2% | +26.7% | 72% |
| 5-year (a year) | 76 | −8.2% | +3.4% | +25.6% | 78% |
| 10-year (a year) | 16 | +6.3% | +7.7% | +9.8% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
IPAY performance overview
Amplify Digital Payments ETF (IPAY) returned −13.1% over the past year and +7.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +6.4% a year, turning $10,000 into about $20,183. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.7%, from Apr 28, 2021 to Oct 27, 2023; the fund has not yet regained that high. IPAY finished 7 of its 10 full calendar years with a gain; the best year was 2019 (+41.8%) and the worst 2022 (−32.4%). Volatility has been 23.4% a year.
Related: IPAY chart, IPAY holdings, IPAY dividends, IPAY valuation. See the IPAY overview for the latest quote and fund facts.
IPAY performance FAQ
What is the IPAY return over the past year?
IPAY returned −13.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.7%.
What is the average annual return of IPAY?
IPAY has returned −6.2% a year over 5 years, +7.5% a year over 10 years, +6.4% a year since July 16, 2015 (total return, distributions reinvested).
How much would $10,000 invested in IPAY be worth?
$10,000 invested in IPAY at its first recorded close on July 16, 2015 would be worth about $20,183 on October 23, 2026 with distributions reinvested.
What was the worst year for IPAY?
The worst calendar year was 2022, with a total return of −32.4%. The best was 2019 at +41.8%.
What is the biggest drawdown of IPAY?
The largest peak-to-trough decline was −51.7% between April 28, 2021 and October 27, 2023. It has not yet recovered to that high; it is 30.9% below its peak.
How volatile is IPAY?
Over the past 3 years IPAY had an annualized volatility of 24.1% and a Sharpe ratio of 0.19 (excess return over 1–3 month T-bills per unit of risk).