IZRL vs. SOXX

Last updated Jun 5, 2026

IZRL (ARK Israel Innovative Technology ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IZRL is a Technology Equities fund tracking the ARK Israeli Innovation Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 5 years, IZRL returned 0.73%/yr vs 33.93%/yr for SOXX. A 0.62 correlation means they provide meaningful diversification when combined. IZRL charges 0.49%/yr vs 0.34%/yr for SOXX.

Performance

IZRL vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Israel Innovative Technology ETF (IZRL) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IZRL achieves a 4.58% return, which is significantly lower than SOXX's 100.26% return.

IZRL

• 1D: 0.48%
• 1M: 0.73%
• YTD: 4.58%
• 6M: 8.24%
• 1Y: 28.70%
• 3Y*: 20.69%
• 5Y*: 0.73%
• 10Y*: —

SOXX

• 1D: -2.10%
• 1M: 24.86%
• YTD: 100.26%
• 6M: 97.20%
• 1Y: 179.78%
• 3Y*: 57.09%
• 5Y*: 33.93%
• 10Y*: 35.54%

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

IZRL vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IZRL ARK Israel Innovative Technology ETF	4.58%	36.94%	15.28%	11.39%	-38.61%	-3.55%	34.12%	21.75%	-6.17%	1.69%
SOXX iShares Semiconductor ETF	100.26%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	2.04%

Correlation

The correlation between IZRL and SOXX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 6, 2017	0.62

The correlation between IZRL and SOXX shifts across timeframes, from 0.45 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

IZRL vs. SOXX - Sectors Allocation Comparison

Sectors	IZRL	SOXX
Technology	49.8%	100.0%
Healthcare	18.8%	-
Communication Services	13.9%	-
Industrials	7.7%	-
Consumer Cyclical	6.8%	-
Consumer Defensive	1.5%	-
Financial Services	1.5%	-
Basic Materials	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IZRL vs. SOXX — Risk / Return Rank

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

IZRL

IZRL Risk / Return Rank: 35
IZRL Sharpe Ratio Rank: 39
IZRL Sortino Ratio Rank: 39
IZRL Omega Ratio Rank: 35
IZRL Calmar Ratio Rank: 33
IZRL Martin Ratio Rank: 32

SOXX

SOXX Risk / Return Rank: 96
SOXX Sharpe Ratio Rank: 98
SOXX Sortino Ratio Rank: 95
SOXX Omega Ratio Rank: 95
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and iShares Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	5.29	-3.95
Sortino ratio: Return per unit of downside risk	1.98	5.16	-3.18
Omega ratio: Gain probability vs. loss probability	1.23	1.71	-0.48
Calmar ratio: Return relative to maximum drawdown	1.58	11.48	-9.90
Martin ratio: Return relative to average drawdown	4.64	43.90	-39.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IZRL vs. SOXX - Sharpe Ratio Comparison

The current IZRL Sharpe Ratio is 1.34, which is lower than the SOXX Sharpe Ratio of 5.29. The chart below compares the historical Sharpe Ratios of IZRL and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IZRL	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	5.29	-3.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.94	-0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.44	-0.19

Drawdowns

IZRL vs. SOXX - Drawdown Comparison

The maximum IZRL drawdown since its inception was -59.98%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IZRL and SOXX.

Drawdown Indicators

	IZRL	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-70.21%	+10.23%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-15.77%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	-24.60%	-41.36%	+16.76%
Max Drawdown (5Y) Largest decline over 5 years	-53.21%	-45.75%	-7.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	-15.01%	-2.10%	-12.91%
Average Drawdown Average peak-to-trough decline	-25.76%	-19.97%	-5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	4.11%	+2.09%

Volatility

IZRL vs. SOXX - Volatility Comparison

The current volatility for ARK Israel Innovative Technology ETF (IZRL) is 5.91%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.08%. This indicates that IZRL experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IZRL	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	14.08%	-8.17%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	27.45%	-11.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.55%	34.20%	-12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	36.11%	-11.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	33.43%	-8.59%

IZRL vs. SOXX - Expense Ratio Comparison

IZRL has a 0.49% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

IZRL vs. SOXX - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.48%, more than SOXX's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IZRL ARK Israel Innovative Technology ETF	2.48%	2.59%	0.45%	0.00%	0.00%	0.34%	0.00%	2.15%	3.08%	0.00%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.28%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both IZRL and SOXX in my portfolio?

IZRL and SOXX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IZRL or SOXX?

SOXX has higher volatility (14.08%) compared to IZRL (5.91%). In terms of maximum drawdown, IZRL dropped -59.98% vs SOXX's -70.21%.

Which ETF is better, IZRL or SOXX?

On 5-year performance, SOXX leads with 33.93% vs 0.73% for IZRL. On fees, SOXX is cheaper at 0.34% per year. On volatility, IZRL has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IZRL or SOXX?

Over the 5-year period, SOXX has performed better with a 33.93% return vs 0.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IZRL or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.49% for IZRL.

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

IZRL has the higher dividend yield at 2.48%, compared with 0.28% for SOXX.

What is the main difference between IZRL and SOXX?

IZRL is categorized as Technology Equities, while SOXX is Semiconductors. IZRL tracks ARK Israeli Innovation Index, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: ARK and iShares. Their fees differ too: 0.49% for IZRL and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (5.29 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.