IZRL vs. ARKW

Last updated Jun 4, 2026

IZRL (ARK Israel Innovative Technology ETF) and ARKW (ARK Next Generation Internet ETF) are both exchange-traded funds - IZRL is a Technology Equities fund tracking the ARK Israeli Innovation Index, while ARKW is a Mid Cap Growth Equities fund actively managed by ARK. IZRL is passively managed, while ARKW is actively managed. Over the past 5 years, IZRL returned 0.63%/yr vs 1.89%/yr for ARKW. A 0.73 correlation means they provide meaningful diversification when combined. IZRL charges 0.49%/yr vs 0.76%/yr for ARKW.

Performance

IZRL vs. ARKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Israel Innovative Technology ETF (IZRL) and ARK Next Generation Internet ETF (ARKW). 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 higher than ARKW's -0.79% return.

IZRL

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

ARKW

• 1D: -2.98%
• 1M: 2.53%
• YTD: -0.79%
• 6M: -3.36%
• 1Y: 19.55%
• 3Y*: 40.12%
• 5Y*: 1.89%
• 10Y*: 22.99%

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

IZRL vs. ARKW - 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%
ARKW ARK Next Generation Internet ETF	-0.79%	38.93%	42.27%	96.89%	-67.49%	-18.85%	157.44%	35.76%	4.24%	6.02%

Correlation

The correlation between IZRL and ARKW is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 6, 2017	0.73

The correlation between IZRL and ARKW shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

IZRL vs. ARKW - Sectors Allocation Comparison

Sectors	IZRL	ARKW
Technology	49.8%	44.2%
Healthcare	18.8%	-
Communication Services	13.9%	15.0%
Industrials	7.7%	1.7%
Consumer Cyclical	6.8%	16.3%
Consumer Defensive	1.5%	-
Financial Services	1.5%	14.2%
Basic Materials	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IZRL vs. ARKW — 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

ARKW

ARKW Risk / Return Rank: 17
ARKW Sharpe Ratio Rank: 18
ARKW Sortino Ratio Rank: 19
ARKW Omega Ratio Rank: 19
ARKW Calmar Ratio Rank: 15
ARKW Martin Ratio Rank: 14

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. ARKW - Risk-Adjusted Trends 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.

	IZRL	ARKW	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.60	+0.79
Sortino ratio: Return per unit of downside risk	2.04	1.01	+1.03
Omega ratio: Gain probability vs. loss probability	1.24	1.12	+0.11
Calmar ratio: Return relative to maximum drawdown	1.64	0.54	+1.09
Martin ratio: Return relative to average drawdown	4.81	1.12	+3.69
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. ARKW - Sharpe Ratio Comparison

The current IZRL Sharpe Ratio is 1.39, which is higher than the ARKW Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of IZRL and ARKW, 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	ARKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	0.60	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.04	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.58	-0.32

Drawdowns

IZRL vs. ARKW - Drawdown Comparison

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

Drawdown Indicators

	IZRL	ARKW	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-80.52%	+20.54%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-36.21%	+17.94%
Max Drawdown (3Y) Largest decline over 3 years	-24.60%	-36.21%	+11.61%
Max Drawdown (5Y) Largest decline over 5 years	-53.21%	-77.36%	+24.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.52%	—
Current Drawdown Current decline from peak	-15.42%	-20.48%	+5.06%
Average Drawdown Average peak-to-trough decline	-25.77%	-23.98%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	17.52%	-11.32%

Volatility

IZRL vs. ARKW - Volatility Comparison

The current volatility for ARK Israel Innovative Technology ETF (IZRL) is 6.12%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 7.95%. 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.

Volatility by Period

	IZRL	ARKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	7.95%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	16.26%	23.54%	-7.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	32.93%	-11.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.27%	43.49%	-19.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	37.69%	-12.85%

IZRL vs. ARKW - Expense Ratio Comparison

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

Dividends

IZRL vs. ARKW - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.49%, more than ARKW's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKW ARK Next Generation Internet ETF	1.60%	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	2.49%	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 ARKW in my portfolio?

IZRL and ARKW have a correlation of 0.63, 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 ARKW?

ARKW has higher volatility (7.95%) compared to IZRL (6.12%). In terms of maximum drawdown, IZRL dropped -59.98% vs ARKW's -80.52%.

Which ETF is better, IZRL or ARKW?

On 5-year performance, ARKW leads with 1.89% vs 0.63% for IZRL. On fees, IZRL is cheaper at 0.49% per year. On volatility, IZRL has been the lower-risk option at 6.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IZRL or ARKW?

Over the 5-year period, ARKW has performed better with a 1.89% 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 ARKW?

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

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

IZRL has the higher dividend yield at 2.49%, compared with 1.60% for ARKW.

What is the main difference between IZRL and ARKW?

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

Which has better risk-adjusted returns?

IZRL currently has the higher Sharpe Ratio (1.39 vs 0.60), 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.