IZRL vs SPY
ARK Israel Innovative Technology ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IZRL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $142M | $789.1B | |
| Dividend Yield | 2.55% | 1.01% | |
| Holdings | 63 | 505 | |
| YTD Return | +0.27% | +14.47% | |
| 1Y Return | +11.14% | +21.96% | |
| 3Y Return (annualized) | +15.81% | +21.70% | |
| 5Y Return (annualized) | +0.21% | +13.30% | |
| Volatility (annualized) | 23.5% | 15.3% | |
| Max Drawdown | -60.0% | -56.5% | |
| Fund Family | Ark Invest | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 4, 2017 | Jan 22, 1993 |
IZRL vs SPY Performance
ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IZRL returned +11.14% while SPY returned +21.96%. Year to date, IZRL is up 0.27% versus a gain of 14.47% for SPY.
Over three years, IZRL compounded at +15.81% per year against +21.70% for SPY; over five years the annualized figures are +0.21% and +13.30% respectively. Across the full 9-year window we track, SPY has the edge at +8.87% annualized vs +5.51%. 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 15.3% 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 -56.5% for SPY. 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 0.81. 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 2.55% against 1.01% for SPY.
Holdings Overlap
IZRL and SPY share 0 holdings out of 569 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 SPY?
IZRL has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, IZRL or SPY?
Over the past year IZRL returned +11.14% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), IZRL annualized +5.51% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, IZRL or SPY?
IZRL has been the more volatile fund at 23.5% annualized versus 15.3% for SPY. Worst drawdown: IZRL -60.0% vs SPY -56.5%.
Should I hold both IZRL and SPY?
IZRL and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IZRL and SPY?
IZRL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, IZRL or SPY?
IZRL yields 2.55% while SPY yields 1.01%, so IZRL currently pays the higher dividend yield.
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