IG vs IZRL
Principal Investment Grade Corporate ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
IG has a lower expense ratio. IZRL delivered stronger 1-year returns. IG offers more diversification with 145 holdings.
Side-by-Side Comparison
| Metric | IG | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.49% | |
| AUM | $198M | $142M | |
| Dividend Yield | 5.07% | 2.55% | |
| Holdings | 248 | 63 | |
| YTD Return | -1.54% | -0.27% | |
| 1Y Return | +0.84% | +13.01% | |
| 3Y Return (annualized) | +4.56% | +15.44% | |
| 5Y Return (annualized) | -0.69% | +0.04% | |
| Volatility (annualized) | 8.0% | 23.5% | |
| Max Drawdown | -23.8% | -60.0% | |
| Fund Family | Principal Funds | Ark Invest | |
| Category | Fixed Income | Equity | |
| Inception | Apr 18, 2018 | Dec 4, 2017 |
IG vs IZRL Performance
Principal Investment Grade Corporate ETF (IG) is a ETF from Principal Funds and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year IG returned +0.84% while IZRL returned +13.01%. Year to date, IG is down 1.54% versus a loss of 0.27% for IZRL.
Over three years, IG compounded at +4.56% per year against +15.44% for IZRL; over five years the annualized figures are -0.69% and +0.04% respectively. Across the full 8-year window we track, IZRL has the edge at +5.46% annualized vs +0.59%. 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 8.0% for IG. 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 -23.8% for IG 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IG charges 0.19% per year while IZRL charges 0.49%. On a $10,000 position that is $19 vs $49 annually, a gap of $30 per year that compounds over a long holding period. On income, IG currently yields 5.07% against 2.55% for IZRL.
Holdings Overlap
IG and IZRL share 0 holdings out of 211 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, IG or IZRL?
IG has an expense ratio of 0.19% while IZRL charges 0.49%. IG is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, IG or IZRL?
Over the past year IG returned +0.84% vs +13.01% for IZRL, so IZRL leads on 1-year performance. Over the longest common window we track (8 years), IG annualized +0.59% vs +5.46% for IZRL. Past performance does not guarantee future results.
Which is riskier, IG or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 8.0% for IG. Worst drawdown: IG -23.8% vs IZRL -60.0%.
Should I hold both IG and IZRL?
IG and IZRL have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IG and IZRL?
IG and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 211 unique securities.
Which pays a higher dividend, IG or IZRL?
IG yields 5.07% while IZRL yields 2.55%, so IG currently pays the higher dividend yield.
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