FQAL vs IZRL
Fidelity Quality Factor ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
FQAL has a lower expense ratio. FQAL delivered stronger 1-year returns. FQAL offers more diversification with 130 holdings.
Side-by-Side Comparison
| Metric | FQAL | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.49% | |
| AUM | $1.4B | $137M | |
| Dividend Yield | 1.15% | 2.63% | |
| Holdings | 130 | 67 | |
| YTD Return | +12.56% | -3.33% | |
| 1Y Return | +19.37% | +7.20% | |
| 3Y Return (annualized) | +20.54% | +15.13% | |
| 5Y Return (annualized) | +11.62% | -0.29% | |
| Volatility (annualized) | 15.0% | 23.5% | |
| Max Drawdown | -34.1% | -60.0% | |
| Fund Family | Fidelity Investments (US) | Ark Invest | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Dec 4, 2017 |
FQAL vs IZRL Performance
Fidelity Quality Factor ETF (FQAL) is a ETF from Fidelity Investments (US) and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year FQAL returned +19.37% while IZRL returned +7.20%. Year to date, FQAL is up 12.56% versus a loss of 3.33% for IZRL.
Over three years, FQAL compounded at +20.54% per year against +15.13% for IZRL; over five years the annualized figures are +11.62% and -0.29% respectively. Across the full 9-year window we track, FQAL has the edge at +13.76% 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 15.0% for FQAL. 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 -34.1% for FQAL 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FQAL charges 0.15% per year while IZRL charges 0.49%. On a $10,000 position that is $15 vs $49 annually, a gap of $34 per year that compounds over a long holding period. On income, FQAL currently yields 1.15% against 2.63% for IZRL.
Holdings Overlap
FQAL and IZRL share 0 holdings out of 191 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, FQAL or IZRL?
FQAL has an expense ratio of 0.15% while IZRL charges 0.49%. FQAL is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, FQAL or IZRL?
Over the past year FQAL returned +19.37% vs +7.20% for IZRL, so FQAL leads on 1-year performance. Over the longest common window we track (9 years), FQAL annualized +13.76% vs +5.06% for IZRL. Past performance does not guarantee future results.
Which is riskier, FQAL or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 15.0% for FQAL. Worst drawdown: FQAL -34.1% vs IZRL -60.0%.
Should I hold both FQAL and IZRL?
FQAL and IZRL have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FQAL and IZRL?
FQAL and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, FQAL or IZRL?
FQAL yields 1.15% while IZRL yields 2.63%, so IZRL currently pays the higher dividend yield.
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