IGBH vs IZRL
iShares Interest Rate Hedged Long-Term Corporate Bond ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
IGBH has a lower expense ratio. IZRL delivered stronger 1-year returns. IGBH offers more diversification with 76 holdings.
Side-by-Side Comparison
| Metric | IGBH | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.49% | |
| AUM | $203M | $142M | |
| Dividend Yield | 5.68% | 2.55% | |
| Holdings | 4,130 | 63 | |
| YTD Return | +1.56% | +0.27% | |
| 1Y Return | +5.34% | +11.14% | |
| 3Y Return (annualized) | +7.50% | +15.81% | |
| 5Y Return (annualized) | +5.31% | +0.21% | |
| Volatility (annualized) | 7.5% | 23.5% | |
| Max Drawdown | -38.9% | -60.0% | |
| Fund Family | iShares by BlackRock (US) | Ark Invest | |
| Category | Fixed Income | Equity | |
| Inception | Jul 22, 2015 | Dec 4, 2017 |
IGBH vs IZRL Performance
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US) and ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest. Over the past year IGBH returned +5.34% while IZRL returned +11.14%. Year to date, IGBH is up 1.56% versus a gain of 0.27% for IZRL.
Over three years, IGBH compounded at +7.50% per year against +15.81% for IZRL; over five years the annualized figures are +5.31% and +0.21% respectively. Across the full 9-year window we track, IZRL has the edge at +5.51% annualized vs +2.85%. 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 7.5% for IGBH. 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 -38.9% for IGBH 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGBH charges 0.14% per year while IZRL charges 0.49%. On a $10,000 position that is $14 vs $49 annually, a gap of $35 per year that compounds over a long holding period. On income, IGBH currently yields 5.68% against 2.55% for IZRL.
Holdings Overlap
IGBH and IZRL share 0 holdings out of 142 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, IGBH or IZRL?
IGBH has an expense ratio of 0.14% while IZRL charges 0.49%. IGBH is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IGBH or IZRL?
Over the past year IGBH returned +5.34% vs +11.14% for IZRL, so IZRL leads on 1-year performance. Over the longest common window we track (9 years), IGBH annualized +2.85% vs +5.51% for IZRL. Past performance does not guarantee future results.
Which is riskier, IGBH or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 7.5% for IGBH. Worst drawdown: IGBH -38.9% vs IZRL -60.0%.
Should I hold both IGBH and IZRL?
IGBH and IZRL have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGBH and IZRL?
IGBH and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 142 unique securities.
Which pays a higher dividend, IGBH or IZRL?
IGBH yields 5.68% while IZRL yields 2.55%, so IGBH currently pays the higher dividend yield.
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