IZRL vs. TSXU

Last updated Jun 4, 2026

IZRL (ARK Israel Innovative Technology ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IZRL is a Technology Equities fund tracking the ARK Israeli Innovation Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. At a 0.48 correlation, their price movements are largely independent. IZRL charges 0.49%/yr vs 1.05%/yr for TSXU.

Performance

IZRL vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Israel Innovative Technology ETF (IZRL) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IZRL achieves a 4.08% return, which is significantly lower than TSXU's 141.91% return.

IZRL

• 1D: -2.54%
• 1M: 1.92%
• YTD: 4.08%
• 6M: 7.41%
• 1Y: 29.75%
• 3Y*: 20.69%
• 5Y*: 0.63%
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IZRL vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IZRL ARK Israel Innovative Technology ETF	4.08%	6.06%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between IZRL and TSXU is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.48

Return for Risk

IZRL vs. TSXU — Risk / Return Rank

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

IZRL

IZRL Risk / Return Rank: 36
IZRL Sharpe Ratio Rank: 38
IZRL Sortino Ratio Rank: 39
IZRL Omega Ratio Rank: 35
IZRL Calmar Ratio Rank: 33
IZRL Martin Ratio Rank: 32

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. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.64	—	—
Martin ratio: Return relative to average drawdown	4.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IZRL	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	4.53	-4.28

Drawdowns

IZRL vs. TSXU - Drawdown Comparison

The maximum IZRL drawdown since its inception was -59.98%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for IZRL and TSXU.

Drawdown Indicators

	IZRL	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-35.62%	-24.36%
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	-53.21%	—	—
Current Drawdown Current decline from peak	-15.42%	-0.92%	-14.50%
Average Drawdown Average peak-to-trough decline	-25.77%	-10.56%	-15.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	—	—

Volatility

Volatility by Period

	IZRL	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	78.68%	-57.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.27%	78.68%	-54.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	78.68%	-53.84%

IZRL vs. TSXU - Expense Ratio Comparison

IZRL has a 0.49% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

IZRL vs. TSXU - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.49%, more than TSXU's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IZRL ARK Israel Innovative Technology ETF	2.49%	2.59%	0.45%	0.00%	0.00%	0.34%	0.00%	2.15%	3.08%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IZRL and TSXU in my portfolio?

IZRL and TSXU have a correlation of 0.48, 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 TSXU?

On fees, IZRL is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IZRL or TSXU?

IZRL is cheaper with a 0.49% expense ratio, compared with 1.05% for TSXU.

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

IZRL has the higher dividend yield at 2.49%, compared with 1.20% for TSXU.

What is the main difference between IZRL and TSXU?

IZRL is categorized as Technology Equities, while TSXU is Leveraged Equities. IZRL tracks ARK Israeli Innovation Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: ARK and Direxion. Their fees differ too: 0.49% for IZRL and 1.05% for TSXU.