IZRL vs TLTP
ARK Israel Innovative Technology ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. IZRL delivered stronger 1-year returns. IZRL offers more diversification with 67 holdings.
Side-by-Side Comparison
| Metric | IZRL | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.39% | |
| AUM | $137M | $25M | |
| Dividend Yield | 2.63% | 15.05% | |
| Holdings | 67 | 5 | |
| YTD Return | -3.33% | -8.91% | |
| 1Y Return | +7.20% | -6.89% | |
| 3Y Return (annualized) | +15.13% | - | |
| 5Y Return (annualized) | -0.29% | - | |
| Volatility (annualized) | 23.5% | 8.7% | |
| Max Drawdown | -60.0% | -13.3% | |
| Fund Family | Ark Invest | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Dec 4, 2017 | Oct 29, 2024 |
IZRL vs TLTP Performance
ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year IZRL returned +7.20% while TLTP returned -6.89%. Year to date, IZRL is down 3.33% versus a loss of 8.91% for TLTP.
Risk: Volatility and Drawdowns
IZRL has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 8.7% for TLTP. 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 -13.3% for TLTP. 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 -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IZRL charges 0.49% per year while TLTP charges 0.39%. On a $10,000 position that is $49 vs $39 annually, a gap of $10 per year that compounds over a long holding period. On income, IZRL currently yields 2.63% against 15.05% for TLTP.
Holdings Overlap
IZRL and TLTP share 0 holdings out of 69 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 TLTP?
IZRL has an expense ratio of 0.49% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IZRL or TLTP?
Over the past year IZRL returned +7.20% vs -6.89% for TLTP, so IZRL leads on 1-year performance. Over the longest common window we track (2 years), IZRL annualized +5.06% vs -5.03% for TLTP. Past performance does not guarantee future results.
Which is riskier, IZRL or TLTP?
IZRL has been the more volatile fund at 23.5% annualized versus 8.7% for TLTP. Worst drawdown: IZRL -60.0% vs TLTP -13.3%.
Should I hold both IZRL and TLTP?
IZRL and TLTP have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IZRL and TLTP?
IZRL and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 69 unique securities.
Which pays a higher dividend, IZRL or TLTP?
IZRL yields 2.63% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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