FLGV vs IZRL
Franklin US Treasury Bond ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
FLGV has a lower expense ratio. IZRL delivered stronger 1-year returns. IZRL offers more diversification with 67 holdings.
Side-by-Side Comparison
| Metric | FLGV | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.49% | |
| AUM | $1.0B | $137M | |
| Dividend Yield | 4.23% | 2.63% | |
| Holdings | 51 | 67 | |
| YTD Return | -0.24% | -0.20% | |
| 1Y Return | +1.79% | +10.95% | |
| 3Y Return (annualized) | +3.46% | +15.81% | |
| 5Y Return (annualized) | -0.55% | +0.56% | |
| Volatility (annualized) | 5.0% | 23.5% | |
| Max Drawdown | -18.4% | -60.0% | |
| Fund Family | Franklin Templeton Investments (US) | Ark Invest | |
| Category | Fixed Income | Equity | |
| Inception | Jun 9, 2020 | Dec 4, 2017 |
FLGV vs IZRL Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year FLGV returned +1.79% while IZRL returned +10.95%. Year to date, FLGV is down 0.24% versus a loss of 0.20% for IZRL.
Over three years, FLGV compounded at +3.46% per year against +15.81% for IZRL; over five years the annualized figures are -0.55% and +0.56% respectively. Across the full 6-year window we track, IZRL has the edge at +5.45% annualized vs -0.87%. 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 5.0% for FLGV. 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 -18.4% for FLGV 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLGV charges 0.09% per year while IZRL charges 0.49%. On a $10,000 position that is $9 vs $49 annually, a gap of $40 per year that compounds over a long holding period. On income, FLGV currently yields 4.23% against 2.63% for IZRL.
Holdings Overlap
FLGV and IZRL share 0 holdings out of 67 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, FLGV or IZRL?
FLGV has an expense ratio of 0.09% while IZRL charges 0.49%. FLGV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, FLGV or IZRL?
Over the past year FLGV returned +1.79% vs +10.95% for IZRL, so IZRL leads on 1-year performance. Over the longest common window we track (6 years), FLGV annualized -0.87% vs +5.45% for IZRL. Past performance does not guarantee future results.
Which is riskier, FLGV or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs IZRL -60.0%.
Should I hold both FLGV and IZRL?
FLGV and IZRL have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLGV and IZRL?
FLGV and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 67 unique securities.
Which pays a higher dividend, FLGV or IZRL?
FLGV yields 4.23% while IZRL yields 2.63%, so FLGV currently pays the higher dividend yield.
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