IZRL vs. EIS
Compare and contrast key facts about ARK Israel Innovative Technology ETF (IZRL) and iShares MSCI Israel ETF (EIS).
IZRL and EIS 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. EIS is a passively managed fund by iShares that tracks the performance of the MSCI Israel Capped Investable Market Index. It was launched on Mar 26, 2008. Both IZRL and EIS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IZRL or EIS.
Key characteristics
| IZRL | EIS | |
|---|---|---|
| YTD Return | 5.74% | 21.51% |
| 1Y Return | 25.45% | 42.00% |
| 3Y Return (Ann) | -13.47% | -2.29% |
| 5Y Return (Ann) | -0.12% | 5.56% |
| Sharpe Ratio | 1.13 | 2.08 |
| Sortino Ratio | 1.62 | 2.78 |
| Omega Ratio | 1.20 | 1.36 |
| Calmar Ratio | 0.41 | 1.13 |
| Martin Ratio | 3.39 | 10.33 |
| Ulcer Index | 6.85% | 3.83% |
| Daily Std Dev | 20.65% | 19.00% |
| Max Drawdown | -59.98% | -51.94% |
| Current Drawdown | -45.57% | -7.69% |
Correlation
The correlation between IZRL and EIS 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. EIS - Performance Comparison
In the year-to-date period, IZRL achieves a 5.74% return, which is significantly lower than EIS's 21.51% 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. EIS - Expense Ratio Comparison
IZRL has a 0.49% expense ratio, which is lower than EIS's 0.59% expense ratio.
Risk-Adjusted Performance
IZRL vs. EIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and iShares MSCI Israel ETF (EIS). 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. EIS - Dividend Comparison
IZRL has not paid dividends to shareholders, while EIS's dividend yield for the trailing twelve months is around 1.11%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
EIS iShares MSCI Israel ETF | 1.11% | 1.39% | 1.66% | 1.04% | 0.17% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% | 1.86% | 2.20% |
Drawdowns
IZRL vs. EIS - Drawdown Comparison
The maximum IZRL drawdown since its inception was -59.98%, which is greater than EIS's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for IZRL and EIS. For additional features, visit the drawdowns tool.
Volatility
IZRL vs. EIS - Volatility Comparison
ARK Israel Innovative Technology ETF (IZRL) has a higher volatility of 7.34% compared to iShares MSCI Israel ETF (EIS) at 4.09%. This indicates that IZRL's price experiences larger fluctuations and is considered to be riskier than EIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.