IZRL vs. FYX
Compare and contrast key facts about ARK Israel Innovative Technology ETF (IZRL) and First Trust Small Cap Core AlphaDEX Fund (FYX).
IZRL and FYX 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. FYX is a passively managed fund by First Trust that tracks the performance of the Nasdaq AlphaDEX Small Cap Core Index. It was launched on May 8, 2007. Both IZRL and FYX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IZRL vs. FYX - Performance Comparison
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IZRL vs. FYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IZRL ARK Israel Innovative Technology ETF | -8.43% | 36.94% | 15.28% | 11.39% | -38.61% | -3.55% | 34.12% | 21.75% | -6.17% | 1.69% |
FYX First Trust Small Cap Core AlphaDEX Fund | 6.25% | 12.68% | 12.22% | 18.30% | -18.41% | 27.43% | 19.48% | 21.32% | -10.64% | 1.56% |
Returns By Period
In the year-to-date period, IZRL achieves a -8.43% return, which is significantly lower than FYX's 6.25% return.
IZRL
- 1D
- 1.67%
- 1M
- -3.93%
- YTD
- -8.43%
- 6M
- -2.88%
- 1Y
- 29.27%
- 3Y*
- 17.32%
- 5Y*
- -2.37%
- 10Y*
- —
FYX
- 1D
- 0.55%
- 1M
- -2.81%
- YTD
- 6.25%
- 6M
- 10.16%
- 1Y
- 33.40%
- 3Y*
- 15.54%
- 5Y*
- 6.71%
- 10Y*
- 11.40%
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IZRL vs. FYX - Expense Ratio Comparison
IZRL has a 0.49% expense ratio, which is lower than FYX's 0.63% expense ratio.
Return for Risk
IZRL vs. FYX — Risk / Return Rank
IZRL
FYX
IZRL vs. FYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and First Trust Small Cap Core AlphaDEX Fund (FYX). 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 | FYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.47 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.13 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.48 | -0.79 |
Martin ratioReturn relative to average drawdown | 5.45 | 10.14 | -4.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IZRL | FYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.47 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.31 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.34 | -0.14 |
Correlation
The correlation between IZRL and FYX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IZRL vs. FYX - Dividend Comparison
IZRL's dividend yield for the trailing twelve months is around 2.83%, more than FYX's 0.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IZRL ARK Israel Innovative Technology ETF | 2.83% | 2.59% | 0.45% | 0.00% | 0.00% | 0.34% | 0.00% | 2.15% | 3.08% | 0.00% | 0.00% | 0.00% |
FYX First Trust Small Cap Core AlphaDEX Fund | 0.77% | 0.64% | 1.62% | 1.22% | 0.95% | 0.99% | 0.65% | 1.12% | 1.08% | 0.60% | 0.94% | 0.88% |
Drawdowns
IZRL vs. FYX - Drawdown Comparison
The maximum IZRL drawdown since its inception was -59.98%, roughly equal to the maximum FYX drawdown of -61.80%. Use the drawdown chart below to compare losses from any high point for IZRL and FYX.
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Drawdown Indicators
| IZRL | FYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.98% | -61.80% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -18.27% | -13.84% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -53.21% | -27.91% | -25.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.82% | — |
Current DrawdownCurrent decline from peak | -25.59% | -3.72% | -21.87% |
Average DrawdownAverage peak-to-trough decline | -25.93% | -10.97% | -14.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 3.38% | +2.28% |
Volatility
IZRL vs. FYX - Volatility Comparison
ARK Israel Innovative Technology ETF (IZRL) has a higher volatility of 8.10% compared to First Trust Small Cap Core AlphaDEX Fund (FYX) at 6.30%. This indicates that IZRL's price experiences larger fluctuations and is considered to be riskier than FYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IZRL | FYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 6.30% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 13.41% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.11% | 22.78% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.21% | 22.03% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.90% | 24.21% | +0.69% |