IZRL vs SOXL
ARK Israel Innovative Technology ETF vs Direxion Daily Semiconductor Bull 3X ETF
Quick Verdict
IZRL has a lower expense ratio. SOXL delivered stronger 1-year returns. IZRL offers more diversification with 67 holdings.
Side-by-Side Comparison
| Metric | IZRL | SOXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.75% | |
| AUM | $137M | $24.3B | |
| Dividend Yield | 2.63% | 0.01% | |
| Holdings | 67 | 43 | |
| YTD Return | -3.33% | +155.29% | |
| 1Y Return | +7.20% | +375.74% | |
| 3Y Return (annualized) | +15.13% | +78.72% | |
| 5Y Return (annualized) | -0.29% | +23.06% | |
| Volatility (annualized) | 23.5% | 87.7% | |
| Max Drawdown | -60.0% | -90.5% | |
| Fund Family | Ark Invest | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Dec 4, 2017 | Mar 11, 2010 |
IZRL vs SOXL Performance
ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest and Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust. Over the past year IZRL returned +7.20% while SOXL returned +375.74%. Year to date, IZRL is down 3.33% versus a gain of 155.29% for SOXL.
Over three years, IZRL compounded at +15.13% per year against +78.72% for SOXL; over five years the annualized figures are -0.29% and +23.06% respectively. Across the full 9-year window we track, SOXL has the edge at +37.43% annualized vs +5.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOXL has been the more volatile fund, with annualized monthly volatility of 87.7% compared with 23.5% for IZRL. 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 -90.5% for SOXL. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IZRL charges 0.49% per year while SOXL charges 0.75%. On a $10,000 position that is $49 vs $75 annually, a gap of $26 per year that compounds over a long holding period. On income, IZRL currently yields 2.63% against 0.01% for SOXL.
Holdings Overlap
IZRL and SOXL share 1 holdings out of 100 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IZRL | Weight in SOXL | Difference |
|---|---|---|---|
| NVMI:IL | 1.55% | 0.54% | 1.01% |
Frequently Asked Questions
Which is cheaper, IZRL or SOXL?
IZRL has an expense ratio of 0.49% while SOXL charges 0.75%. IZRL is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IZRL or SOXL?
Over the past year IZRL returned +7.20% vs +375.74% for SOXL, so SOXL leads on 1-year performance. Over the longest common window we track (9 years), IZRL annualized +5.06% vs +37.43% for SOXL. Past performance does not guarantee future results.
Which is riskier, IZRL or SOXL?
SOXL has been the more volatile fund at 87.7% annualized versus 23.5% for IZRL. Worst drawdown: IZRL -60.0% vs SOXL -90.5%.
Should I hold both IZRL and SOXL?
IZRL and SOXL have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IZRL and SOXL?
IZRL and SOXL share 1 common holdings with a 0.5% weight overlap. Combined, they hold 100 unique securities.
Which pays a higher dividend, IZRL or SOXL?
IZRL yields 2.63% while SOXL yields 0.01%, so IZRL currently pays the higher dividend yield.
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