INCE vs IZRL
INCE vs IZRL
Franklin Income Equity Focus ETF vs ARK Israel Innovative Technology ETF
Quick Verdict
INCE has a lower expense ratio. INCE delivered stronger 1-year returns. IZRL offers more diversification with 66 holdings.
Side-by-Side Comparison
| Metric | INCE | IZRL | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.49% | |
| AUM | $132M | $142M | |
| Dividend Yield | 4.82% | 2.55% | |
| Holdings | 82 | 63 | |
| YTD Return | +15.94% | -0.27% | |
| 1Y Return | +26.30% | +13.01% | |
| 3Y Return (annualized) | +16.63% | +15.44% | |
| 5Y Return (annualized) | +10.93% | +0.04% | |
| Volatility (annualized) | 13.8% | 23.5% | |
| Max Drawdown | -34.1% | -60.0% | |
| Fund Family | Franklin Templeton Investments (US) | Ark Invest | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2016 | Dec 4, 2017 |
INCE vs IZRL Performance
Franklin Income Equity Focus ETF (INCE) 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 INCE returned +26.30% while IZRL returned +13.01%. Year to date, INCE is up 15.94% versus a loss of 0.27% for IZRL.
Over three years, INCE compounded at +16.63% per year against +15.44% for IZRL; over five years the annualized figures are +10.93% and +0.04% respectively. Across the full 9-year window we track, INCE has the edge at +12.53% annualized vs +5.46%. 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 13.8% for INCE. 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 INCE 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INCE charges 0.29% per year while IZRL charges 0.49%. On a $10,000 position that is $29 vs $49 annually, a gap of $20 per year that compounds over a long holding period. On income, INCE currently yields 4.82% against 2.55% for IZRL.
Holdings Overlap
INCE and IZRL share 0 holdings out of 113 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, INCE or IZRL?
INCE has an expense ratio of 0.29% while IZRL charges 0.49%. INCE is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, INCE or IZRL?
Over the past year INCE returned +26.30% vs +13.01% for IZRL, so INCE leads on 1-year performance. Over the longest common window we track (9 years), INCE annualized +12.53% vs +5.46% for IZRL. Past performance does not guarantee future results.
Which is riskier, INCE or IZRL?
IZRL has been the more volatile fund at 23.5% annualized versus 13.8% for INCE. Worst drawdown: INCE -34.1% vs IZRL -60.0%.
Should I hold both INCE and IZRL?
INCE and IZRL have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INCE and IZRL?
INCE and IZRL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 113 unique securities.
Which pays a higher dividend, INCE or IZRL?
INCE yields 4.82% while IZRL yields 2.55%, so INCE currently pays the higher dividend yield.
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