AVNM vs IZRL
Avantis All International Markets Equity ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
AVNM has a lower expense ratio. AVNM delivered stronger 1-year returns. IZRL offers more diversification with 67 holdings.
Side-by-Side Comparison
| Metric | AVNM | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.49% | |
| AUM | $734M | $137M | |
| Dividend Yield | 2.36% | 2.63% | |
| Holdings | 9 | 67 | |
| YTD Return | +16.39% | -3.33% | |
| 1Y Return | +29.08% | +7.20% | |
| 3Y Return (annualized) | +23.36% | +15.13% | |
| 5Y Return (annualized) | - | -0.29% | |
| Volatility (annualized) | 12.6% | 23.5% | |
| Max Drawdown | -14.0% | -60.0% | |
| Fund Family | Avantis Investors | Ark Invest | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Dec 4, 2017 |
AVNM vs IZRL Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year AVNM returned +29.08% while IZRL returned +7.20%. Year to date, AVNM is up 16.39% versus a loss of 3.33% for IZRL.
Over three years, AVNM compounded at +23.36% per year against +15.13% for IZRL. Across the full 3-year window we track, AVNM has the edge at +21.94% annualized vs +5.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IZRL has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 12.6% for AVNM. 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 -14.0% for AVNM 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVNM charges 0.31% per year while IZRL charges 0.49%. On a $10,000 position that is $31 vs $49 annually, a gap of $18 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 2.63% for IZRL.
Holdings Overlap
AVNM and IZRL share 0 holdings out of 74 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, AVNM or IZRL?
AVNM has an expense ratio of 0.31% while IZRL charges 0.49%. AVNM is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, AVNM or IZRL?
Over the past year AVNM returned +29.08% vs +7.20% for IZRL, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.94% vs +5.06% for IZRL. Past performance does not guarantee future results.
Which is riskier, AVNM or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs IZRL -60.0%.
Should I hold both AVNM and IZRL?
AVNM and IZRL have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and IZRL?
AVNM and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 74 unique securities.
Which pays a higher dividend, AVNM or IZRL?
AVNM yields 2.36% while IZRL yields 2.63%, so IZRL currently pays the higher dividend yield.
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