ACES vs IZRL
ALPS Clean Energy ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
IZRL has a lower expense ratio. ACES delivered stronger 1-year returns. IZRL offers more diversification with 66 holdings.
Side-by-Side Comparison
| Metric | ACES | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.49% | |
| AUM | $109M | $142M | |
| Dividend Yield | 1.22% | 2.55% | |
| Holdings | 38 | 63 | |
| YTD Return | -5.34% | -0.89% | |
| 1Y Return | +18.63% | +13.90% | |
| 3Y Return (annualized) | -8.28% | +15.28% | |
| 5Y Return (annualized) | -14.26% | -0.02% | |
| Volatility (annualized) | 35.3% | 23.5% | |
| Max Drawdown | -79.0% | -60.0% | |
| Fund Family | ALPS Advisors | Ark Invest | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2018 | Dec 4, 2017 |
ACES vs IZRL Performance
ALPS Clean Energy ETF (ACES) is a ETF from ALPS Advisors and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year ACES returned +18.63% while IZRL returned +13.90%. Year to date, ACES is down 5.34% versus a loss of 0.89% for IZRL.
Over three years, ACES compounded at -8.28% per year against +15.28% for IZRL; over five years the annualized figures are -14.26% and -0.02% respectively. Across the full 8-year window we track, IZRL has the edge at +5.38% annualized vs +3.60%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACES has been the more volatile fund, with annualized monthly volatility of 35.3% compared with 23.5% for IZRL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.0% for ACES and -60.0% for IZRL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACES charges 0.55% per year while IZRL charges 0.49%. On a $10,000 position that is $55 vs $49 annually, a gap of $6 per year that compounds over a long holding period. On income, ACES currently yields 1.22% against 2.55% for IZRL.
Holdings Overlap
ACES and IZRL share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACES or IZRL?
ACES has an expense ratio of 0.55% while IZRL charges 0.49%. IZRL is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, ACES or IZRL?
Over the past year ACES returned +18.63% vs +13.90% for IZRL, so ACES leads on 1-year performance. Over the longest common window we track (8 years), ACES annualized +3.60% vs +5.38% for IZRL. Past performance does not guarantee future results.
Which is riskier, ACES or IZRL?
ACES has been the more volatile fund at 35.3% annualized versus 23.5% for IZRL. Worst drawdown: ACES -79.0% vs IZRL -60.0%.
Should I hold both ACES and IZRL?
ACES and IZRL have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACES and IZRL?
ACES and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, ACES or IZRL?
ACES yields 1.22% while IZRL yields 2.55%, so IZRL currently pays the higher dividend yield.
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