IZRL vs VGI
IZRL vs VGI
ARK Israel Innovative Technology ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
IZRL has a lower expense ratio. IZRL delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | IZRL | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 1.74% | |
| AUM | $142M | $88M | |
| Dividend Yield | 2.55% | 11.98% | |
| Holdings | 63 | 646 | |
| YTD Return | -0.27% | +1.47% | |
| 1Y Return | +13.01% | +5.12% | |
| 3Y Return (annualized) | +15.44% | +11.60% | |
| 5Y Return (annualized) | +0.04% | +2.10% | |
| Volatility (annualized) | 23.5% | 14.2% | |
| Max Drawdown | -60.0% | -63.3% | |
| Fund Family | Ark Invest | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | Dec 4, 2017 | Feb 23, 2012 |
IZRL vs VGI Performance
ARK Israel Innovative Technology ETF (IZRL) is a ETF from Ark Invest and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year IZRL returned +13.01% while VGI returned +5.12%. Year to date, IZRL is down 0.27% versus a gain of 1.47% for VGI.
Over three years, IZRL compounded at +15.44% per year against +11.60% for VGI; over five years the annualized figures are +0.04% and +2.10% respectively. Across the full 9-year window we track, IZRL has the edge at +5.46% annualized vs -2.38%. 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 14.2% for VGI. 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 -63.3% for VGI. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IZRL charges 0.49% per year while VGI charges 1.74%. On a $10,000 position that is $49 vs $174 annually, a gap of $125 per year that compounds over a long holding period. On income, IZRL currently yields 2.55% against 11.98% for VGI.
Holdings Overlap
IZRL and VGI share 0 holdings out of 500 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 VGI?
IZRL has an expense ratio of 0.49% while VGI charges 1.74%. IZRL is the cheaper option. On a $10,000 investment, that is $125 per year of difference.
Which performed better, IZRL or VGI?
Over the past year IZRL returned +13.01% vs +5.12% for VGI, so IZRL leads on 1-year performance. Over the longest common window we track (9 years), IZRL annualized +5.46% vs -2.38% for VGI. Past performance does not guarantee future results.
Which is riskier, IZRL or VGI?
IZRL has been the more volatile fund at 23.5% annualized versus 14.2% for VGI. Worst drawdown: IZRL -60.0% vs VGI -63.3%.
Should I hold both IZRL and VGI?
IZRL and VGI have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IZRL and VGI?
IZRL and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 500 unique securities.
Which pays a higher dividend, IZRL or VGI?
IZRL yields 2.55% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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