IZRL vs TYO
IZRL vs TYO
ARK Israel Innovative Technology ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
IZRL has a lower expense ratio. IZRL delivered stronger 1-year returns. IZRL offers more diversification with 66 holdings.
Side-by-Side Comparison
| Metric | IZRL | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 1.00% | |
| AUM | $142M | $12M | |
| Dividend Yield | 2.55% | 2.62% | |
| Holdings | 63 | 6 | |
| YTD Return | -0.27% | +10.84% | |
| 1Y Return | +13.01% | +11.31% | |
| 3Y Return (annualized) | +15.44% | +6.14% | |
| 5Y Return (annualized) | +0.04% | +14.69% | |
| Volatility (annualized) | 23.5% | 19.3% | |
| Max Drawdown | -60.0% | -90.4% | |
| Fund Family | Ark Invest | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Dec 4, 2017 | Apr 16, 2009 |
IZRL vs TYO Performance
ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year IZRL returned +13.01% while TYO returned +11.31%. Year to date, IZRL is down 0.27% versus a gain of 10.84% for TYO.
Over three years, IZRL compounded at +15.44% per year against +6.14% for TYO; over five years the annualized figures are +0.04% and +14.69% respectively. Across the full 9-year window we track, IZRL has the edge at +5.46% annualized vs -7.26%. 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 19.3% for TYO. 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 -90.4% for TYO. 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 -0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IZRL charges 0.49% per year while TYO charges 1.00%. On a $10,000 position that is $49 vs $100 annually, a gap of $51 per year that compounds over a long holding period. On income, IZRL currently yields 2.55% against 2.62% for TYO.
Holdings Overlap
IZRL and TYO 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 TYO?
IZRL has an expense ratio of 0.49% while TYO charges 1.00%. IZRL is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, IZRL or TYO?
Over the past year IZRL returned +13.01% vs +11.31% for TYO, so IZRL leads on 1-year performance. Over the longest common window we track (9 years), IZRL annualized +5.46% vs -7.26% for TYO. Past performance does not guarantee future results.
Which is riskier, IZRL or TYO?
IZRL has been the more volatile fund at 23.5% annualized versus 19.3% for TYO. Worst drawdown: IZRL -60.0% vs TYO -90.4%.
Should I hold both IZRL and TYO?
IZRL and TYO have a monthly-return correlation of -0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IZRL and TYO?
IZRL and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 69 unique securities.
Which pays a higher dividend, IZRL or TYO?
IZRL yields 2.55% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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