IZRL vs SCHQ
ARK Israel Innovative Technology ETF vs Schwab Long-Term US Treasury ETF
Quick Verdict
SCHQ has a lower expense ratio. IZRL delivered stronger 1-year returns. SCHQ offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | IZRL | SCHQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $137M | $803M | |
| Dividend Yield | 2.63% | 4.91% | |
| Holdings | 67 | 100 | |
| YTD Return | -3.33% | -2.72% | |
| 1Y Return | +7.20% | +0.09% | |
| 3Y Return (annualized) | +15.13% | +0.91% | |
| 5Y Return (annualized) | -0.29% | -7.20% | |
| Volatility (annualized) | 23.5% | 13.5% | |
| Max Drawdown | -60.0% | -46.7% | |
| Fund Family | Ark Invest | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | Dec 4, 2017 | Oct 10, 2019 |
IZRL vs SCHQ Performance
ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest and Schwab Long-Term US Treasury ETF (SCHQ) is a ETF from Charles Schwab Asset Management. Over the past year IZRL returned +7.20% while SCHQ returned +0.09%. Year to date, IZRL is down 3.33% versus a loss of 2.72% for SCHQ.
Over three years, IZRL compounded at +15.13% per year against +0.91% for SCHQ; over five years the annualized figures are -0.29% and -7.20% respectively. Across the full 7-year window we track, IZRL has the edge at +5.06% annualized vs -4.41%. 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 13.5% for SCHQ. 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 -60.0% for IZRL and -46.7% for SCHQ. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IZRL charges 0.49% per year while SCHQ charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, IZRL currently yields 2.63% against 4.91% for SCHQ.
Holdings Overlap
IZRL and SCHQ share 0 holdings out of 158 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, IZRL or SCHQ?
IZRL has an expense ratio of 0.49% while SCHQ charges 0.03%. SCHQ is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IZRL or SCHQ?
Over the past year IZRL returned +7.20% vs +0.09% for SCHQ, so IZRL leads on 1-year performance. Over the longest common window we track (7 years), IZRL annualized +5.06% vs -4.41% for SCHQ. Past performance does not guarantee future results.
Which is riskier, IZRL or SCHQ?
IZRL has been the more volatile fund at 23.5% annualized versus 13.5% for SCHQ. Worst drawdown: IZRL -60.0% vs SCHQ -46.7%.
Should I hold both IZRL and SCHQ?
IZRL and SCHQ have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IZRL and SCHQ?
IZRL and SCHQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 158 unique securities.
Which pays a higher dividend, IZRL or SCHQ?
IZRL yields 2.63% while SCHQ yields 4.91%, so SCHQ currently pays the higher dividend yield.
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