IZRL vs. ALTY

Last updated Jun 4, 2026

IZRL (ARK Israel Innovative Technology ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - IZRL is a Technology Equities fund tracking the ARK Israeli Innovation Index, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 5 years, IZRL returned 0.63%/yr vs 5.55%/yr for ALTY. A 0.51 correlation means they provide meaningful diversification when combined. IZRL charges 0.49%/yr vs 0.50%/yr for ALTY.

Performance

IZRL vs. ALTY - Performance Comparison

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

Returns By Period

In the year-to-date period, IZRL achieves a 4.08% return, which is significantly lower than ALTY's 6.19% return.

IZRL

• 1D: -2.54%
• 1M: 1.92%
• YTD: 4.08%
• 6M: 7.41%
• 1Y: 29.75%
• 3Y*: 20.69%
• 5Y*: 0.63%
• 10Y*: —

ALTY

• 1D: -0.33%
• 1M: 0.31%
• YTD: 6.19%
• 6M: 6.51%
• 1Y: 15.73%
• 3Y*: 11.40%
• 5Y*: 5.55%
• 10Y*: 6.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IZRL vs. ALTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IZRL ARK Israel Innovative Technology ETF	4.08%	36.94%	15.28%	11.39%	-38.61%	-3.55%	34.12%	21.75%	-6.17%	1.69%
ALTY Global X Alternative Income ETF	6.19%	11.07%	10.88%	10.58%	-11.92%	23.08%	-12.82%	21.44%	-6.18%	0.93%

Correlation

The correlation between IZRL and ALTY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 6, 2017	0.51

The correlation between IZRL and ALTY shifts across timeframes, from 0.41 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

IZRL vs. ALTY - Sectors Allocation Comparison

Sectors	IZRL	ALTY
Technology	49.8%	18.3%
Healthcare	18.8%	1.4%
Communication Services	13.9%	5.3%
Industrials	7.7%	1.0%
Consumer Cyclical	6.8%	4.1%
Consumer Defensive	1.5%	2.6%
Financial Services	1.5%	0.1%
Basic Materials	-	0.4%
Energy	-	21.0%
Real Estate	-	33.2%
Utilities	-	12.7%

Return for Risk

IZRL vs. ALTY — Risk / Return Rank

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

IZRL

IZRL Risk / Return Rank: 36
IZRL Sharpe Ratio Rank: 38
IZRL Sortino Ratio Rank: 39
IZRL Omega Ratio Rank: 35
IZRL Calmar Ratio Rank: 33
IZRL Martin Ratio Rank: 32

ALTY

ALTY Risk / Return Rank: 82
ALTY Sharpe Ratio Rank: 83
ALTY Sortino Ratio Rank: 84
ALTY Omega Ratio Rank: 86
ALTY Calmar Ratio Rank: 72
ALTY Martin Ratio Rank: 82

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.

IZRL vs. ALTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and Global X Alternative Income ETF (ALTY). 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.

	IZRL	ALTY	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.73	-1.35
Sortino ratio: Return per unit of downside risk	2.04	3.82	-1.78
Omega ratio: Gain probability vs. loss probability	1.24	1.54	-0.30
Calmar ratio: Return relative to maximum drawdown	1.64	3.64	-2.01
Martin ratio: Return relative to average drawdown	4.81	16.84	-12.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IZRL vs. ALTY - Sharpe Ratio Comparison

The current IZRL Sharpe Ratio is 1.39, which is lower than the ALTY Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of IZRL and ALTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IZRL	ALTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.73	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.53	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.33	-0.08

Drawdowns

IZRL vs. ALTY - Drawdown Comparison

The maximum IZRL drawdown since its inception was -59.98%, which is greater than ALTY's maximum drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for IZRL and ALTY.

Drawdown Indicators

	IZRL	ALTY	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-51.47%	-8.51%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-4.34%	-13.93%
Max Drawdown (3Y) Largest decline over 3 years	-24.60%	-10.08%	-14.52%
Max Drawdown (5Y) Largest decline over 5 years	-53.21%	-18.48%	-34.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.47%	—
Current Drawdown Current decline from peak	-15.42%	-0.37%	-15.05%
Average Drawdown Average peak-to-trough decline	-25.77%	-6.75%	-19.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	0.94%	+5.26%

Volatility

IZRL vs. ALTY - Volatility Comparison

ARK Israel Innovative Technology ETF (IZRL) has a higher volatility of 6.12% compared to Global X Alternative Income ETF (ALTY) at 1.41%. This indicates that IZRL's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IZRL	ALTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	1.41%	+4.71%
Volatility (6M) Calculated over the trailing 6-month period	16.26%	4.38%	+11.88%
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	5.79%	+15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.27%	10.61%	+13.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	16.58%	+8.26%

IZRL vs. ALTY - Expense Ratio Comparison

IZRL has a 0.49% expense ratio, which is lower than ALTY's 0.50% expense ratio.

Dividends

IZRL vs. ALTY - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.49%, less than ALTY's 8.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALTY Global X Alternative Income ETF	8.08%	7.50%	7.88%	7.31%	7.66%	6.88%	9.20%	8.74%	8.49%	7.52%	8.20%	4.21%
IZRL ARK Israel Innovative Technology ETF	2.49%	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

Can I hold both IZRL and ALTY in my portfolio?

IZRL and ALTY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IZRL or ALTY?

IZRL has higher volatility (6.12%) compared to ALTY (1.41%). In terms of maximum drawdown, IZRL dropped -59.98% vs ALTY's -51.47%.

Which ETF is better, IZRL or ALTY?

On 5-year performance, ALTY leads with 5.55% vs 0.63% for IZRL. On fees, IZRL is cheaper at 0.49% per year. On volatility, ALTY has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IZRL or ALTY?

Over the 5-year period, ALTY has performed better with a 5.55% return vs 0.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IZRL or ALTY?

IZRL is cheaper with a 0.49% expense ratio, compared with 0.50% for ALTY.

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

ALTY has the higher dividend yield at 8.08%, compared with 2.49% for IZRL.

What is the main difference between IZRL and ALTY?

IZRL is categorized as Technology Equities, while ALTY is Global Allocation. IZRL tracks ARK Israeli Innovation Index, while ALTY tracks Indxx SuperDividend Alternatives Index. They also come from different issuers: ARK and Global X. Their fees differ too: 0.49% for IZRL and 0.50% for ALTY.

Which has better risk-adjusted returns?

ALTY currently has the higher Sharpe Ratio (2.73 vs 1.39), 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.