IZRL vs. XLKI

Last updated Aug 2, 2026

IZRL (ARK Israel Innovative Technology ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. IZRL is passively managed, while XLKI is actively managed. Over the past year, IZRL returned 11.09% vs 24.59% for XLKI. Their 0.59 correlation means they have sometimes moved together and sometimes differently. IZRL charges 0.49%/yr vs 0.35%/yr for XLKI.

Performance

IZRL vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Israel Innovative Technology ETF (IZRL) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IZRL achieves a -1.81% return, which is significantly lower than XLKI's 10.67% return.

IZRL

• 1D: 0.64%
• 1M: -4.31%
• 6M: -3.24%
• YTD: -1.81%
• 1Y: 11.09%
• 3Y*: 14.61%
• 5Y*: 0.13%
• 10Y*: —
• ALL TIME*: 5.32%

XLKI

• 1D: 0.01%
• 1M: -1.06%
• 6M: 9.29%
• YTD: 10.67%
• 1Y: 24.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IZRL ARK Israel Innovative Technology ETF	$244.02K	$233.56K	$375.42K
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$514.98K	$430.22K	$356.64K

IZRL vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
IZRL ARK Israel Innovative Technology ETF	-1.81%	9.54%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	10.67%	10.02%

Correlation

The correlation between IZRL and XLKI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.59

The correlation between IZRL and XLKI has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.

IZRL vs. XLKI - Sectors Allocation Comparison

Sectors	IZRL	XLKI
Technology	51.2%	99.2%
Healthcare	18.7%	-
Communication Services	13.0%	0.8%
Industrials	7.4%	-
Consumer Cyclical	6.4%	-
Financial Services	1.7%	99.9%
Consumer Defensive	1.6%	-
Basic Materials	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IZRL vs. XLKI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IZRL

IZRL Risk / Return Rank: 20
IZRL Sharpe Ratio Rank: 20
IZRL Sortino Ratio Rank: 21
IZRL Omega Ratio Rank: 20
IZRL Calmar Ratio Rank: 20
IZRL Martin Ratio Rank: 21

XLKI

XLKI Risk / Return Rank: 51
XLKI Sharpe Ratio Rank: 46
XLKI Sortino Ratio Rank: 43
XLKI Omega Ratio Rank: 47
XLKI Calmar Ratio Rank: 57
XLKI Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IZRL vs. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Israel Innovative Technology ETF (IZRL) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	0.42	1.13	-0.72
Sortino ratio: Return per unit of downside risk	0.74	1.61	-0.88
Omega ratio: Gain probability vs. loss probability	1.08	1.22	-0.13
Calmar ratio: Return relative to maximum drawdown	0.51	2.02	-1.50
Martin ratio: Return relative to average drawdown	1.39	7.10	-5.71

IZRL vs. XLKI - Sharpe Ratio Comparison

The current IZRL Sharpe Ratio is 0.42, which is lower than the XLKI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of IZRL and XLKI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IZRL vs. XLKI - Drawdown Comparison

The maximum IZRL drawdown since its inception was -59.98%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for IZRL and XLKI.

Drawdown Indicators

	IZRL	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-59.98%	-11.21%	-48.77%
Max Drawdown (1Y) Largest decline over 1 year	-18.27%	-11.21%	-7.06%
Max Drawdown (3Y) Largest decline over 3 years	-23.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.36%	—	—
Current Drawdown Current decline from peak	-20.21%	-6.73%	-13.48%
Average Drawdown Average peak-to-trough decline	-25.63%	-2.16%	-23.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.75%	3.18%	+3.57%

Volatility

IZRL vs. XLKI - Volatility Comparison

The current volatility for ARK Israel Innovative Technology ETF (IZRL) is 6.03%, while State Street Technology Select Sector SPDR Premium Income ETF (XLKI) has a volatility of 8.68%. This indicates that IZRL experiences smaller price fluctuations and is considered to be less risky than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IZRL	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	8.68%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	18.15%	17.55%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	22.48%	19.96%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.55%	19.92%	+4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	19.92%	+4.95%

IZRL vs. XLKI - Expense Ratio Comparison

IZRL has a 0.49% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

IZRL vs. XLKI - Dividend Comparison

IZRL's dividend yield for the trailing twelve months is around 2.64%, less than XLKI's 17.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IZRL ARK Israel Innovative Technology ETF	2.64%	2.59%	0.45%	0.00%	0.00%	0.34%	0.00%	2.15%	3.08%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.91%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IZRL and XLKI in my portfolio?

IZRL and XLKI have a correlation of 0.59, 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 XLKI?

XLKI has higher volatility (8.68%) compared to IZRL (6.03%). In terms of maximum drawdown, IZRL dropped -59.98% vs XLKI's -11.21%.

Which ETF is better, IZRL or XLKI?

On 1-year performance, XLKI leads with 24.59% vs 11.09% for IZRL. On fees, XLKI is cheaper at 0.35% per year. On volatility, IZRL has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IZRL or XLKI?

Over the 1-year period, XLKI has performed better with a 24.59% return vs 11.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IZRL or XLKI?

XLKI is cheaper with a 0.35% expense ratio, compared with 0.49% for IZRL.

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

XLKI has the higher dividend yield at 17.91%, compared with 2.64% for IZRL.

What is the main difference between IZRL and XLKI?

They also come from different issuers: ARK and State Street. Their fees differ too: 0.49% for IZRL and 0.35% for XLKI.

Which has better risk-adjusted returns?

XLKI currently has the higher Sharpe Ratio (1.13 vs 0.42), 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.