FTCB vs IZRL
First Trust Core Investment Grade ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
IZRL has a lower expense ratio. IZRL delivered stronger 1-year returns. FTCB offers more diversification with 331 holdings.
Side-by-Side Comparison
| Metric | FTCB | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.49% | |
| AUM | $2.5B | $142M | |
| Dividend Yield | 5.24% | 2.55% | |
| Holdings | 721 | 63 | |
| YTD Return | +0.12% | -0.27% | |
| 1Y Return | +2.43% | +13.01% | |
| 3Y Return (annualized) | - | +15.44% | |
| 5Y Return (annualized) | - | +0.04% | |
| Volatility (annualized) | 5.1% | 23.5% | |
| Max Drawdown | -5.0% | -60.0% | |
| Fund Family | First Trust Portfolios (US) | Ark Invest | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2023 | Dec 4, 2017 |
FTCB vs IZRL Performance
First Trust Core Investment Grade ETF (FTCB) is a ETF from First Trust Portfolios (US) and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year FTCB returned +2.43% while IZRL returned +13.01%. Year to date, FTCB is up 0.12% versus a loss of 0.27% for IZRL.
Risk: Volatility and Drawdowns
IZRL has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 5.1% for FTCB. 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 -5.0% for FTCB 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTCB charges 0.56% per year while IZRL charges 0.49%. On a $10,000 position that is $56 vs $49 annually, a gap of $7 per year that compounds over a long holding period. On income, FTCB currently yields 5.24% against 2.55% for IZRL.
Holdings Overlap
FTCB and IZRL share 0 holdings out of 397 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, FTCB or IZRL?
FTCB has an expense ratio of 0.56% while IZRL charges 0.49%. IZRL is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, FTCB or IZRL?
Over the past year FTCB returned +2.43% vs +13.01% for IZRL, so IZRL leads on 1-year performance. Over the longest common window we track (3 years), FTCB annualized +5.77% vs +5.46% for IZRL. Past performance does not guarantee future results.
Which is riskier, FTCB or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 5.1% for FTCB. Worst drawdown: FTCB -5.0% vs IZRL -60.0%.
Should I hold both FTCB and IZRL?
FTCB and IZRL have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTCB and IZRL?
FTCB and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 397 unique securities.
Which pays a higher dividend, FTCB or IZRL?
FTCB yields 5.24% while IZRL yields 2.55%, so FTCB currently pays the higher dividend yield.
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