IZRL vs SPY
ARK Israel Innovative Technology ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IZRL or SPY?
Small Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. IZRL is less concentrated, with 19.4% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IZRL | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $137M | $811.2B |
| Dividend Yield | 2.65% | 0.98% |
| Holdings | 67 | 1,515 |
| YTD Return | -4.94% | +12.70%Best |
| 1Y Return | -1.23% | +15.53%Best |
| 3Y Return (annualized) | +16.06% | +22.86%Best |
| 5Y Return (annualized) | -0.37% | +13.47%Best |
| Volatility (annualized) | 23.3% | 16.3%Best |
| Max Drawdown | -60.0% | -34.1%Best |
| $10,000 over 5 years | $9,816 | $18,811Best |
| Top 10 Weight | 19.4%Best | 38.2% |
| Fund Family | Ark Invest | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Blend |
| Inception | Dec 4, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Dec 5, 2017 to Oct 1, 2026 (8.8 years).
IZRL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.8 years both funds cover.
IZRL vs SPY Performance
ARK Israel Innovative Technology ETF (IZRL) is an ETF from Ark Invest and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IZRL returned -1.23% while SPY returned +15.53%. Year to date, IZRL is down 4.94% versus a gain of 12.70% for SPY.
Over three years, IZRL compounded at +16.06% per year against +22.86% for SPY; over five years the annualized figures are -0.37% and +13.47% respectively. Across the full 9-year window we track, SPY has the edge at +13.83% annualized vs +4.79%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IZRL has been the more volatile fund, with annualized monthly volatility of 23.3% compared with 16.3% for SPY. 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IZRL charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, IZRL currently yields 2.65% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 65 holdings in IZRL and 504 in SPY, totalling 98.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 65 positions we hold weights for in IZRL and 504 in SPY, against full books of 67 and 1,515.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for IZRL (99.2% of the fund), and 28 for IZRL that do not appear in SPY (43.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IZRL and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IZRL or SPY?
IZRL has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, IZRL or SPY?
Over the past year IZRL returned -1.23% vs +15.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), IZRL annualized +4.79% vs +13.83% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IZRL or SPY?
IZRL has been the more volatile fund at 23.3% annualized versus 16.3% for SPY. Worst drawdown: IZRL -60.0% vs SPY -34.1%.
Should I hold both IZRL and SPY?
IZRL and SPY have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IZRL or SPY?
IZRL yields 2.65% while SPY yields 0.98%, so IZRL currently pays the higher dividend yield.
Is SPY better than IZRL?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. IZRL is less concentrated, with 19.4% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.