HACK vs. IZRL

Last updated Jun 24, 2026

HACK (Amplify Cybersecurity ETF) and IZRL (ARK Israel Innovative Technology ETF) are both Technology Equities funds - HACK tracks the Nasdaq ISE Cyber Security Select Index while IZRL tracks the ARK Israeli Innovation Index. Both are passively managed. Over the past 5 years, HACK returned 9.42%/yr vs -1.47%/yr for IZRL. A 0.70 correlation means they provide meaningful diversification when combined. HACK charges 0.60%/yr vs 0.49%/yr for IZRL.

Performance

HACK vs. IZRL - Performance Comparison

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

Returns By Period

In the year-to-date period, HACK achieves a 19.40% return, which is significantly higher than IZRL's -3.14% return.

HACK

• 1D: 1.24%
• 1M: 1.17%
• YTD: 19.40%
• 6M: 17.34%
• 1Y: 14.12%
• 3Y*: 25.16%
• 5Y*: 9.42%
• 10Y*: 15.64%

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)

HACK vs. IZRL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HACK Amplify Cybersecurity ETF	19.40%	7.97%	23.49%	37.44%	-28.16%	7.03%	41.51%	23.39%	6.61%	2.57%
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 HACK and IZRL is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Dec 5, 2017	0.70

The correlation between HACK and IZRL shifts across timeframes, from 0.60 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

HACK vs. IZRL - Sectors Allocation Comparison

Sectors	HACK	IZRL
Technology	92.7%	36.7%
Industrials	7.2%	3.2%
Financial Services	0.1%	5.1%
Basic Materials	-	-
Communication Services	-	10.8%
Consumer Cyclical	-	2.0%
Consumer Defensive	-	1.8%
Energy	-	-
Healthcare	-	14.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

HACK vs. IZRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HACK

HACK Risk / Return Rank: 17
HACK Sharpe Ratio Rank: 17
HACK Sortino Ratio Rank: 17
HACK Omega Ratio Rank: 17
HACK Calmar Ratio Rank: 17
HACK Martin Ratio Rank: 16

IZRL

IZRL Risk / Return Rank: 22
IZRL Sharpe Ratio Rank: 23
IZRL Sortino Ratio Rank: 23
IZRL Omega Ratio Rank: 21
IZRL Calmar Ratio Rank: 21
IZRL Martin Ratio Rank: 22

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.

HACK vs. IZRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cybersecurity ETF (HACK) 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.

	HACK	IZRL	Difference
Sharpe ratio: Return per unit of total volatility	0.55	0.77	-0.22
Sortino ratio: Return per unit of downside risk	0.90	1.21	-0.31
Omega ratio: Gain probability vs. loss probability	1.11	1.14	-0.03
Calmar ratio: Return relative to maximum drawdown	0.69	0.95	-0.26
Martin ratio: Return relative to average drawdown	1.61	2.65	-1.04

HACK vs. IZRL - Sharpe Ratio Comparison

The current HACK Sharpe Ratio is 0.55, which is comparable to the IZRL Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of HACK 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.

Drawdowns

HACK vs. IZRL - Drawdown Comparison

The maximum HACK drawdown since its inception was -42.68%, smaller than the maximum IZRL drawdown of -59.98%. Use the drawdown chart below to compare losses from any high point for HACK and IZRL.

Drawdown Indicators

	HACK	IZRL	Difference
Max Drawdown Largest peak-to-trough decline	-42.68%	-59.98%	+17.30%
Max Drawdown (1Y) Largest decline over 1 year	-20.67%	-18.27%	-2.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	-24.60%	+2.70%
Max Drawdown (5Y) Largest decline over 5 years	-38.68%	-53.21%	+14.53%
Max Drawdown (10Y) Largest decline over 10 years	-38.68%	—	—
Current Drawdown Current decline from peak	-8.93%	-21.29%	+12.36%
Average Drawdown Average peak-to-trough decline	-11.62%	-25.72%	+14.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.80%	6.51%	+2.29%

Volatility

HACK vs. IZRL - Volatility Comparison

Amplify Cybersecurity ETF (HACK) has a higher volatility of 11.83% compared to ARK Israel Innovative Technology ETF (IZRL) at 9.37%. This indicates that HACK'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.

Volatility by Period

	HACK	IZRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.83%	9.37%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	17.76%	+4.18%
Volatility (1Y) Calculated over the trailing 1-year period	26.06%	22.53%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.30%	24.49%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.25%	24.92%	-1.67%

HACK vs. IZRL - Expense Ratio Comparison

HACK has a 0.60% expense ratio, which is higher than IZRL's 0.49% expense ratio.

Dividends

HACK vs. IZRL - Dividend Comparison

HACK's dividend yield for the trailing twelve months is around 0.06%, less than IZRL's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HACK Amplify Cybersecurity ETF	0.06%	0.07%	0.14%	0.20%	0.24%	0.26%	1.11%	0.14%	0.09%	0.01%	1.23%
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%

Frequently Asked Questions

Can I hold both HACK and IZRL in my portfolio?

HACK and IZRL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HACK or IZRL?

HACK has higher volatility (11.83%) compared to IZRL (9.37%). In terms of maximum drawdown, HACK dropped -42.68% vs IZRL's -59.98%.

Which ETF is better, HACK or IZRL?

On 5-year performance, HACK leads with 9.42% 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.

Which ETF has performed better, HACK or IZRL?

Over the 5-year period, HACK has performed better with a 9.42% return vs -1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HACK or IZRL?

IZRL is cheaper with a 0.49% expense ratio, compared with 0.60% for HACK.

Which ETF pays a higher dividend yield, HACK or IZRL?

IZRL has the higher dividend yield at 2.68%, compared with 0.06% for HACK.

What is the main difference between HACK and IZRL?

HACK tracks Nasdaq ISE Cyber Security Select Index, while IZRL tracks ARK Israeli Innovation Index. They also come from different issuers: Amplify and ARK. Their fees differ too: 0.60% for HACK and 0.49% for IZRL.

Which has better risk-adjusted returns?

IZRL currently has the higher Sharpe Ratio (0.77 vs 0.55), 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.