IZRL vs. QQQ
Compare and contrast key facts about ARK Israel Innovative Technology ETF (IZRL) and Invesco QQQ (QQQ).
IZRL and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IZRL and QQQ 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 QQQ.
Key characteristics
| IZRL | QQQ | |
|---|---|---|
| YTD Return | 5.74% | 26.09% |
| 1Y Return | 25.45% | 39.88% |
| 3Y Return (Ann) | -13.47% | 9.90% |
| 5Y Return (Ann) | -0.12% | 21.46% |
| Sharpe Ratio | 1.13 | 2.22 |
| Sortino Ratio | 1.62 | 2.92 |
| Omega Ratio | 1.20 | 1.40 |
| Calmar Ratio | 0.41 | 2.86 |
| Martin Ratio | 3.39 | 10.44 |
| Ulcer Index | 6.85% | 3.72% |
| Daily Std Dev | 20.65% | 17.47% |
| Max Drawdown | -59.98% | -82.98% |
| Current Drawdown | -45.57% | 0.00% |
Correlation
The correlation between IZRL and QQQ 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. QQQ - Performance Comparison
In the year-to-date period, IZRL achieves a 5.74% return, which is significantly lower than QQQ's 26.09% 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. QQQ - Expense Ratio Comparison
IZRL has a 0.49% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IZRL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
IZRL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| 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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IZRL vs. QQQ - Drawdown Comparison
The maximum IZRL drawdown since its inception was -59.98%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IZRL and QQQ. For additional features, visit the drawdowns tool.
Volatility
IZRL vs. QQQ - Volatility Comparison
ARK Israel Innovative Technology ETF (IZRL) has a higher volatility of 7.34% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that IZRL's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.