IZRL vs. ARKX

Last updated Apr 2, 2026

Compare and contrast key facts about ARK Israel Innovative Technology ETF (IZRL) and ARK Space Exploration & Innovation ETF (ARKX).

IZRL and ARKX 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 that tracks the performance of the ARK Israeli Innovation Index. It was launched on Dec 5, 2017. ARKX is an actively managed fund by ARK. It was launched on Mar 30, 2021.

Performance

IZRL vs. ARKX - Performance Comparison

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

IZRL vs. ARKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IZRL ARK Israel Innovative Technology ETF	-8.43%	36.94%	15.28%	11.39%	-38.61%	-7.12%
ARKX ARK Space Exploration & Innovation ETF	3.21%	48.46%	26.67%	24.37%	-34.27%	-7.14%

Returns By Period

In the year-to-date period, IZRL achieves a -8.43% return, which is significantly lower than ARKX's 3.21% return.

IZRL

• 1D: 1.67%
• 1M: -3.93%
• YTD: -8.43%
• 6M: -2.88%
• 1Y: 29.27%
• 3Y*: 17.32%
• 5Y*: -2.37%
• 10Y*: —

ARKX

• 1D: 1.91%
• 1M: -7.49%
• YTD: 3.21%
• 6M: 3.53%
• 1Y: 68.32%
• 3Y*: 28.79%
• 5Y*: 7.42%
• 10Y*: —

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

IZRL vs. ARKX - Expense Ratio Comparison

IZRL has a 0.49% expense ratio, which is lower than ARKX's 0.75% expense ratio.

ARKX

ARK Space Exploration & Innovation ETF

IZRL

ARK Israel Innovative Technology ETF

Return for Risk

IZRL vs. ARKX — Risk / Return Rank

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

IZRL

IZRL Risk / Return Rank: 62
IZRL Sharpe Ratio Rank: 67
IZRL Sortino Ratio Rank: 70
IZRL Omega Ratio Rank: 56
IZRL Calmar Ratio Rank: 63
IZRL Martin Ratio Rank: 53

ARKX

ARKX Risk / Return Rank: 86
ARKX Sharpe Ratio Rank: 89
ARKX Sortino Ratio Rank: 90
ARKX Omega Ratio Rank: 80
ARKX Calmar Ratio Rank: 92
ARKX 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. ARKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and ARK Space Exploration & Innovation ETF (ARKX). 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	ARKX	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.98	-0.76
Sortino ratio Return per unit of downside risk	1.83	2.60	-0.78
Omega ratio Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio Return relative to maximum drawdown	1.69	3.36	-1.67
Martin ratio Return relative to average drawdown	5.45	9.46	-4.01
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. ARKX - Sharpe Ratio Comparison

The current IZRL Sharpe Ratio is 1.22, which is lower than the ARKX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of IZRL and ARKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IZRL	ARKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.98	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.27	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.30	-0.10

Correlation

The correlation between IZRL and ARKX is 0.73, 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.

Dividends

IZRL vs. ARKX - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.83%, while ARKX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IZRL ARK Israel Innovative Technology ETF	2.83%	2.59%	0.45%	0.00%	0.00%	0.34%	0.00%	2.15%	3.08%
ARKX ARK Space Exploration & Innovation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IZRL vs. ARKX - Drawdown Comparison

The maximum IZRL drawdown since its inception was -59.98%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for IZRL and ARKX.

Drawdown Indicators

	IZRL	ARKX	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-43.61%	-16.37%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-20.42%	+2.15%
Max Drawdown (5Y) Largest decline over 5 years	-53.21%	-43.61%	-9.60%
Current Drawdown Current decline from peak	-25.59%	-14.96%	-10.63%
Average Drawdown Average peak-to-trough decline	-25.93%	-20.49%	-5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.66%	7.25%	-1.59%

Volatility

IZRL vs. ARKX - Volatility Comparison

The current volatility for ARK Israel Innovative Technology ETF (IZRL) is 8.10%, while ARK Space Exploration & Innovation ETF (ARKX) has a volatility of 11.25%. This indicates that IZRL experiences smaller price fluctuations and is considered to be less risky than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IZRL	ARKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	11.25%	-3.15%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	25.62%	-9.77%
Volatility (1Y) Calculated over the trailing 1-year period	24.11%	34.73%	-10.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.21%	27.20%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.90%	27.20%	-2.30%