EIS vs. IZRL
Compare and contrast key facts about iShares MSCI Israel ETF (EIS) and ARK Israel Innovative Technology ETF (IZRL).
EIS and IZRL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIS is a passively managed fund by iShares that tracks the performance of the MSCI Israel Capped Investable Market Index. It was launched on Mar 26, 2008. IZRL is a passively managed fund by ARK Investment Management that tracks the performance of the ARK Israeli Innovation Index. It was launched on Dec 5, 2017. Both EIS and IZRL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIS or IZRL.
Key characteristics
| EIS | IZRL | |
|---|---|---|
| YTD Return | 21.51% | 5.74% |
| 1Y Return | 42.00% | 25.45% |
| 3Y Return (Ann) | -2.29% | -13.47% |
| 5Y Return (Ann) | 5.56% | -0.12% |
| Sharpe Ratio | 2.08 | 1.13 |
| Sortino Ratio | 2.78 | 1.62 |
| Omega Ratio | 1.36 | 1.20 |
| Calmar Ratio | 1.13 | 0.41 |
| Martin Ratio | 10.33 | 3.39 |
| Ulcer Index | 3.83% | 6.85% |
| Daily Std Dev | 19.00% | 20.65% |
| Max Drawdown | -51.94% | -59.98% |
| Current Drawdown | -7.69% | -45.57% |
Correlation
The correlation between EIS and IZRL is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EIS vs. IZRL - Performance Comparison
In the year-to-date period, EIS achieves a 21.51% return, which is significantly higher than IZRL's 5.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EIS vs. IZRL - Expense Ratio Comparison
EIS has a 0.59% expense ratio, which is higher than IZRL's 0.49% expense ratio.
Risk-Adjusted Performance
EIS vs. IZRL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.
Dividends
EIS vs. IZRL - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.11%, while IZRL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.11% | 1.39% | 1.66% | 1.04% | 0.17% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% | 1.86% | 2.20% |
IZRL ARK Israel Innovative Technology ETF | 0.00% | 0.00% | 0.00% | 0.34% | 0.00% | 2.15% | 3.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EIS vs. IZRL - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, smaller than the maximum IZRL drawdown of -59.98%. Use the drawdown chart below to compare losses from any high point for EIS and IZRL. For additional features, visit the drawdowns tool.
Volatility
EIS vs. IZRL - Volatility Comparison
The current volatility for iShares MSCI Israel ETF (EIS) is 4.09%, while ARK Israel Innovative Technology ETF (IZRL) has a volatility of 7.34%. This indicates that EIS experiences smaller price fluctuations and is considered to be less risky than IZRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.