IZRL vs. GXPT

Last updated Jul 14, 2026

IZRL (ARK Israel Innovative Technology ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - IZRL tracks the ARK Israeli Innovation Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. IZRL charges 0.49%/yr vs 0.15%/yr for GXPT.

Performance

IZRL vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Israel Innovative Technology ETF (IZRL) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IZRL achieves a 1.97% return, which is significantly lower than GXPT's 17.49% return.

IZRL

• 1D: -0.41%
• 1M: 0.10%
• 6M: -4.63%
• YTD: 1.97%
• 1Y: 12.51%
• 3Y*: 17.32%
• 5Y*: 0.76%
• 10Y*: —

GXPT

• 1D: -1.89%
• 1M: -0.02%
• 6M: 17.10%
• YTD: 17.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IZRL vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
IZRL ARK Israel Innovative Technology ETF	1.97%	8.38%
GXPT Global X PureCap MSCI Information Technology ETF	17.49%	11.47%

Correlation

The correlation between IZRL and GXPT is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.57

Return for Risk

IZRL vs. GXPT — Risk / Return Rank

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

IZRL

IZRL Risk / Return Rank: 20
IZRL Sharpe Ratio Rank: 20
IZRL Sortino Ratio Rank: 20
IZRL Omega Ratio Rank: 19
IZRL Calmar Ratio Rank: 20
IZRL Martin Ratio Rank: 20

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and Global X PureCap MSCI Information Technology ETF (GXPT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IZRL	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	0.56	—	—
Sortino ratio: Return per unit of downside risk	0.93	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.69	—	—
Martin ratio: Return relative to average drawdown	1.86	—	—

Drawdowns

IZRL vs. GXPT - Drawdown Comparison

The maximum IZRL drawdown since its inception was -59.98%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IZRL and GXPT.

Drawdown Indicators

	IZRL	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-18.74%	-41.24%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.36%	—	—
Current Drawdown Current decline from peak	-17.14%	-8.22%	-8.92%
Average Drawdown Average peak-to-trough decline	-25.67%	-5.23%	-20.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.75%	—	—

Volatility

Volatility by Period

	IZRL	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.53%	22.98%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	22.98%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.91%	22.98%	+1.93%

IZRL vs. GXPT - Expense Ratio Comparison

IZRL has a 0.49% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

IZRL vs. GXPT - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.54%, more than GXPT's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GXPT Global X PureCap MSCI Information Technology ETF	0.22%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IZRL ARK Israel Innovative Technology ETF	2.54%	2.59%	0.45%	0.00%	0.00%	0.34%	0.00%	2.15%	3.08%

Frequently Asked Questions

Can I hold both IZRL and GXPT in my portfolio?

IZRL and GXPT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IZRL or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IZRL or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.49% for IZRL.

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

IZRL has the higher dividend yield at 2.54%, compared with 0.22% for GXPT.

What is the main difference between IZRL and GXPT?

IZRL tracks ARK Israeli Innovation Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: ARK and Global X. Their fees differ too: 0.49% for IZRL and 0.15% for GXPT.