IZRL vs. ARKW
Compare and contrast key facts about ARK Israel Innovative Technology ETF (IZRL) and ARK Next Generation Internet ETF (ARKW).
IZRL and ARKW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IZRL or ARKW.
Key characteristics
| IZRL | ARKW | |
|---|---|---|
| YTD Return | 5.74% | 30.08% |
| 1Y Return | 25.45% | 70.58% |
| 3Y Return (Ann) | -13.47% | -13.81% |
| 5Y Return (Ann) | -0.12% | 14.24% |
| Sharpe Ratio | 1.13 | 2.19 |
| Sortino Ratio | 1.62 | 2.76 |
| Omega Ratio | 1.20 | 1.34 |
| Calmar Ratio | 0.41 | 1.00 |
| Martin Ratio | 3.39 | 10.40 |
| Ulcer Index | 6.85% | 6.59% |
| Daily Std Dev | 20.65% | 31.35% |
| Max Drawdown | -59.98% | -80.01% |
| Current Drawdown | -45.57% | -45.87% |
Correlation
The correlation between IZRL and ARKW 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
IZRL vs. ARKW - Performance Comparison
In the year-to-date period, IZRL achieves a 5.74% return, which is significantly lower than ARKW's 30.08% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IZRL vs. ARKW - Expense Ratio Comparison
IZRL has a 0.49% expense ratio, which is lower than ARKW's 0.76% expense ratio.
Risk-Adjusted Performance
IZRL vs. ARKW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and ARK Next Generation Internet ETF (ARKW). 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
IZRL vs. ARKW - Dividend Comparison
Neither IZRL nor ARKW has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARKW ARK Next Generation Internet ETF | 0.00% | 0.00% | 0.00% | 2.79% | 1.29% | 0.00% | 13.06% | 2.05% | 0.00% | 2.29% |
Drawdowns
IZRL vs. ARKW - Drawdown Comparison
The maximum IZRL drawdown since its inception was -59.98%, smaller than the maximum ARKW drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for IZRL and ARKW. For additional features, visit the drawdowns tool.
Volatility
IZRL vs. ARKW - Volatility Comparison
The current volatility for ARK Israel Innovative Technology ETF (IZRL) is 7.34%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 10.28%. This indicates that IZRL experiences smaller price fluctuations and is considered to be less risky than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.