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ARKW vs. IZRL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARKW vs. IZRL

Last updated Jun 24, 2026

ARKW (ARK Next Generation Internet ETF) and IZRL (ARK Israel Innovative Technology ETF) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while IZRL is a Technology Equities fund tracking the ARK Israeli Innovation Index. ARKW is actively managed, while IZRL is passively managed. Over the past 5 years, ARKW returned -1.21%/yr vs -1.47%/yr for IZRL. A 0.73 correlation means they provide meaningful diversification when combined. ARKW charges 0.76%/yr vs 0.49%/yr for IZRL.

Performance

ARKW vs. IZRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Next Generation Internet ETF (ARKW) and ARK Israel Innovative Technology ETF (IZRL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ARKW achieves a -4.76% return, which is significantly lower than IZRL's -3.14% return.

ARKW

1D
-1.79%
1M
-3.15%
YTD
-4.76%
6M
-7.39%
1Y
-0.64%
3Y*
36.73%
5Y*
-1.21%
10Y*
22.53%

IZRL

1D
-1.26%
1M
-7.04%
YTD
-3.14%
6M
-1.99%
1Y
17.20%
3Y*
17.14%
5Y*
-1.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKW vs. IZRL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ARKW
ARK Next Generation Internet ETF		-4.76%38.93%42.27%96.89%-67.49%-18.85%157.44%35.76%4.24%5.38%
IZRL
ARK Israel Innovative Technology ETF		-3.14%36.94%15.28%11.39%-38.61%-3.55%34.12%21.75%-6.17%0.00%

Correlation

The correlation between ARKW and IZRL is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Dec 5, 2017

0.73

The correlation between ARKW and IZRL shifts across timeframes, from 0.66 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

ARKW vs. IZRL - Sectors Allocation Comparison

Sectors
ARKW
IZRL

Technology

44.0%
36.7%

Communication Services

14.6%
10.8%

Consumer Cyclical

14.4%
2.0%

Financial Services

14.1%
5.1%

Industrials

4.9%
3.2%

Basic Materials

-

-

Consumer Defensive

-

1.8%

Energy

-

-

Healthcare

-

14.9%

Real Estate

-

-

Utilities

-

-

Technology

ARKW
44.0%
IZRL
36.7%

Communication Services

ARKW
14.6%
IZRL
10.8%

Consumer Cyclical

ARKW
14.4%
IZRL
2.0%

Financial Services

ARKW
14.1%
IZRL
5.1%

Industrials

ARKW
4.9%
IZRL
3.2%

Basic Materials

ARKW

-

IZRL

-

Consumer Defensive

ARKW

-

IZRL
1.8%

Energy

ARKW

-

IZRL

-

Healthcare

ARKW

-

IZRL
14.9%

Real Estate

ARKW

-

IZRL

-

Utilities

ARKW

-

IZRL

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ARK Next Generation Internet ETF

ARK Israel Innovative Technology ETF

Often compared with ARKW:
ARKW vs. ARKKARKW vs. ARKQARKW vs. QQQARKW vs. VOOARKW vs. ARKGARKW vs. SPYARKW vs. ARKVX
Often compared with IZRL:
IZRL vs. EISIZRL vs. ITEQIZRL vs. ISRAIZRL vs. VOOIZRL vs. SPYIZRL vs. QQQIZRL vs. HACK

Return for Risk

ARKW vs. IZRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARKW
ARKW Risk / Return Rank: 99
Overall Rank
ARKW Sharpe Ratio Rank: 88
Sharpe Ratio Rank
ARKW Sortino Ratio Rank: 99
Sortino Ratio Rank
ARKW Omega Ratio Rank: 99
Omega Ratio Rank
ARKW Calmar Ratio Rank: 88
Calmar Ratio Rank
ARKW Martin Ratio Rank: 88
Martin Ratio Rank
IZRL
IZRL Risk / Return Rank: 2222
Overall Rank
IZRL Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
IZRL Sortino Ratio Rank: 2323
Sortino Ratio Rank
IZRL Omega Ratio Rank: 2121
Omega Ratio Rank
IZRL Calmar Ratio Rank: 2121
Calmar Ratio Rank
IZRL Martin Ratio Rank: 2222
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKW vs. IZRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and ARK Israel Innovative Technology ETF (IZRL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ARKWIZRLDifference
Sharpe ratioReturn per unit of total volatility
-0.02
0.77

-0.79

Sortino ratioReturn per unit of downside risk
0.20
1.21

-1.01

Omega ratioGain probability vs. loss probability

1.02

1.14

-0.12

Calmar ratioReturn relative to maximum drawdown

-0.02

0.95

-0.96

Martin ratioReturn relative to average drawdown

-0.04

2.65

-2.68

ARKW vs. IZRL - Sharpe Ratio Comparison

The current ARKW Sharpe Ratio is -0.02, which is lower than the IZRL Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of ARKW and IZRL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ARKW vs. IZRL - Drawdown Comparison

The maximum ARKW drawdown since its inception was -80.52%, which is greater than IZRL's maximum drawdown of -59.98%. Use the drawdown chart below to compare losses from any high point for ARKW and IZRL.

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Drawdown Indicators

ARKWIZRLDifference

Max Drawdown

Largest peak-to-trough decline

-80.52%

-59.98%

-20.54%

Max Drawdown (1Y)

Largest decline over 1 year

-36.21%

-18.27%

-17.94%

Max Drawdown (3Y)

Largest decline over 3 years

-36.21%

-24.60%

-11.61%

Max Drawdown (5Y)

Largest decline over 5 years

-77.36%

-53.21%

-24.15%

Max Drawdown (10Y)

Largest decline over 10 years

-80.52%

—

—

Current Drawdown

Current decline from peak

-23.67%

-21.29%

-2.38%

Average Drawdown

Average peak-to-trough decline

-23.97%

-25.72%

+1.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.14%

6.51%

+11.63%

Volatility

ARKW vs. IZRL - Volatility Comparison

ARK Next Generation Internet ETF (ARKW) has a higher volatility of 11.08% compared to ARK Israel Innovative Technology ETF (IZRL) at 9.37%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than IZRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARKWIZRLDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.08%

9.37%

+1.71%

Volatility (6M)

Calculated over the trailing 6-month period

24.74%

17.76%

+6.98%

Volatility (1Y)

Calculated over the trailing 1-year period

32.81%

22.53%

+10.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.66%

24.49%

+19.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.78%

24.92%

+12.86%

ARKW vs. IZRL - Expense Ratio Comparison

ARKW has a 0.76% expense ratio, which is higher than IZRL's 0.49% expense ratio.

Dividends

ARKW vs. IZRL - Dividend Comparison

ARKW's dividend yield for the trailing twelve months is around 1.67%, less than IZRL's 2.68% yield.

PositionTTM20252024202320222021202020192018201720162015
ARKW
ARK Next Generation Internet ETF		1.67%1.59%0.00%0.00%0.00%0.17%1.29%0.00%13.05%2.05%0.00%2.29%
IZRL
ARK Israel Innovative Technology ETF		2.68%2.59%0.45%0.00%0.00%0.34%0.00%2.15%3.08%0.00%0.00%0.00%

Frequently Asked Questions

ARKW and IZRL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ARKW has higher volatility (11.08%) compared to IZRL (9.37%). In terms of maximum drawdown, ARKW dropped -80.52% vs IZRL's -59.98%.

On 5-year performance, ARKW leads with -1.21% vs -1.47% for IZRL. On fees, IZRL is cheaper at 0.49% per year. On volatility, IZRL has been the lower-risk option at 9.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ARKW has performed better with a -1.21% return vs -1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IZRL is cheaper with a 0.49% expense ratio, compared with 0.76% for ARKW.

IZRL has the higher dividend yield at 2.68%, compared with 1.67% for ARKW.

ARKW is categorized as Mid Cap Growth Equities, while IZRL is Technology Equities. Their fees differ too: 0.76% for ARKW and 0.49% for IZRL.

IZRL currently has the higher Sharpe Ratio (0.77 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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