IZRL vs. ITEQ
Compare and contrast key facts about ARK Israel Innovative Technology ETF (IZRL) and BlueStar Israel Technology ETF (ITEQ).
IZRL and ITEQ 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. ITEQ is a passively managed fund by ETFMG that tracks the performance of the BlueStar Israel Global Technology Index. It was launched on Nov 2, 2015. Both IZRL and ITEQ 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 ITEQ.
Correlation
The correlation between IZRL and ITEQ is 0.68, 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.
Performance
IZRL vs. ITEQ - Performance Comparison
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Key characteristics
IZRL:
0.84
ITEQ:
0.75
IZRL:
1.25
ITEQ:
1.17
IZRL:
1.15
ITEQ:
1.15
IZRL:
0.38
ITEQ:
0.40
IZRL:
2.63
ITEQ:
2.58
IZRL:
7.48%
ITEQ:
7.07%
IZRL:
24.42%
ITEQ:
24.56%
IZRL:
-59.98%
ITEQ:
-54.59%
IZRL:
-36.13%
ITEQ:
-32.80%
Returns By Period
In the year-to-date period, IZRL achieves a 7.64% return, which is significantly higher than ITEQ's 3.06% return.
IZRL
7.64%
14.10%
17.06%
20.26%
2.44%
N/A
ITEQ
3.06%
11.45%
5.53%
18.19%
4.60%
N/A
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IZRL vs. ITEQ - Expense Ratio Comparison
IZRL has a 0.49% expense ratio, which is lower than ITEQ's 0.75% expense ratio.
Risk-Adjusted Performance
IZRL vs. ITEQ — Risk-Adjusted Performance Rank
IZRL
ITEQ
IZRL vs. ITEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and BlueStar Israel Technology ETF (ITEQ). 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.
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Dividends
IZRL vs. ITEQ - Dividend Comparison
IZRL's dividend yield for the trailing twelve months is around 0.42%, more than ITEQ's 0.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
IZRL ARK Israel Innovative Technology ETF | 0.42% | 0.45% | 0.00% | 0.00% | 0.34% | 0.00% | 2.15% | 3.08% | 0.00% | 0.00% |
ITEQ BlueStar Israel Technology ETF | 0.01% | 0.01% | 0.00% | 0.00% | 0.08% | 0.57% | 0.02% | 0.29% | 0.54% | 0.37% |
Drawdowns
IZRL vs. ITEQ - Drawdown Comparison
The maximum IZRL drawdown since its inception was -59.98%, which is greater than ITEQ's maximum drawdown of -54.59%. Use the drawdown chart below to compare losses from any high point for IZRL and ITEQ. For additional features, visit the drawdowns tool.
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Volatility
IZRL vs. ITEQ - Volatility Comparison
ARK Israel Innovative Technology ETF (IZRL) has a higher volatility of 7.60% compared to BlueStar Israel Technology ETF (ITEQ) at 6.24%. This indicates that IZRL's price experiences larger fluctuations and is considered to be riskier than ITEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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