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IZRL

GradeCChicago Board Options Exchange

ARK Israel Innovative Technology ETF

Countries & Regions · ARK · Inception 2017-12-05 · SEC filings

$28.66−0.60 (−2.05%)

As of Sep 23, 2026, 2:45 PM EDT

Intraday session: down, 22 prints from 29.26 to 28.66. Range 28.56 to 29.24. Use the arrow keys to read each point.$28.80$29.00$29.2010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$137M
1Y return
+5.2%
Yield · Last 12 months
2.65%
Holdings
76
Volume · 30D
0M sh
NAV per share
$29.25
52W range
low $25.96high $32.76

The ETF.net IZRL Grade

C

43/ 100

Rank 28 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for IZRL. Scores out of 100: Cost 55, Risk 24, Mission 41, Tradability 28, Holdings 71, Durability 37. Strongest: Holdings (71). Weakest: Risk (24). Leans toward Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank24/38 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 41
    Category rank32/35 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 24
    Category rank34/37 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 28
    Category rank31/38 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 71
    Category rank9/36 · top 25%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank32/38 · bottom quartile

Graded as of Sep 22, 2026

Our read on IZRL

ETF.net Research

CARK's odd one out. Instead of Cathie Wood's team picking stocks, IZRL follows a rules-based index of Israeli-incorporated innovators, equally weighted so the small names carry the same load as the household ones.

Stated mandate

IZRL seeks to track, before fees and expenses, the ARK Israeli Innovation Index. The index targets exchange-listed Israeli companies whose operations pursue disruptive innovation across genomics, health care, biotechnology, industrials, manufacturing, the Internet, and information technology.

Why people hold it

  1. 01Runs on published rules, not conviction calls: it tracks the ARK Israeli Innovation Index, which screens for companies incorporated or domiciled in Israel and listed in the US or Israel.sec.gov
  2. 020.49% a year, below the typical disruptive-innovation fund and level with peers like TRFM while undercutting FDTX.
  3. 03Equal weighting across roughly 80 stocks means no single giant sets the tone, and smaller Israeli tech names get real room in the basket.stockanalysis.comsec.gov
  4. 04A pure local read on Israeli innovation, spanning genomics, biotech, manufacturing and information technology, and trading in the US since its 2017 launch.

Worth knowing

  1. 01Thinly traded and modest in size, so the gap between bid and ask can be wider than on the big innovation funds.
  2. 02One country, one theme. Israeli market moves, shekel swings and regional headlines land on this portfolio with nothing to offset them.
  3. 03Income is an afterthought here: distributions arrive once or twice a year, not monthly.

IZRL Holdings

As of Sep 20, 2026, 5:47 AM
Asset class
Stocks
Holdings
76
Top-10 weight
20%
Largest holding
WIX2.5%

Sectors

  • Technology52.4%
  • Health Care17.7%
  • Communication12.9%
  • Industrials7.6%
  • Consumer Discr.6.6%
  • Cons. Staples1.4%
  • Financials1.4%

Geography

  • Israel91.74%
  • United States8.26%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001WIXWIX.COM LTD2.45%41,078$3M65
002DRTSALPHA TAU MEDICAL LTD2.13%184,377$3M15
003TEVJFTEVA PHARMACEUTICAL IND LTD2.00%68,295$3M4
004RSKDRISKIFIED LTD-A1.99%421,877$3M14
005—GOLDMAN FS TRSY OBLIG INST 4681.93%2,578,360$3M11
006MTRXMATRIX IT LTD1.93%76,131$3M54
007SMWBSIMILARWEB LTD1.92%307,891$3M3
008ODDODDITY TECH LTD-CL A1.91%132,485$3M50
009PGYPAGAYA TECHNOLOGIES LTD -A1.90%123,942$3M36
010SILCSILICOM LTD1.87%55,022$3M8
011MNDYMONDAY.COM LTD1.84%27,267$2M61
012—CELLCOM ISRAEL LTD1.82%198,244$2M1
013—ISSTA LTD1.80%74,097$2M1
014HLANHILAN LTD1.79%29,748$2M3
015URGNUROGEN PHARMA LTD1.78%54,250$2M59

Showing 1–15 of 66 holdings

IZRL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IZRL$10,520
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. IZRL $10,520. SPY $11,723. Use the arrow keys to read each point.$9,204$10,581$11,958Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IZRL. Periods over one year show the average yearly return.
PeriodIZRL
Year to date−2.1%
1 month+0.7%
3 months−0.2%
1 year+5.2%
3 years+18.3%per year
5 years+0.1%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IZRL
YearReturn barIZRL
2026 YTD−2.1%
2025+37.0%
2024+15.3%
2023+11.4%
2022−38.6%
2021−3.6%
2020+34.1%

IZRL in the news

ETF.net Research hasn’t filed on IZRL yet — coverage lands here as it’s written.

IZRL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.65%Last 12 months
Payout per share
$0.78Last 12 months
Last payment
$0.78 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2018–2026

One bar per payment. 5 payments from 2018 to 2026 YTD. Dec 27, 2018 $0.57; Dec 27, 2019 $0.48; Dec 29, 2021 $0.10; Dec 27, 2024 $0.10; Dec 26, 2025 $0.78. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 29, 2025$0.78
Dec 27, 2024Dec 30, 2024$0.10
Dec 29, 2021Dec 31, 2021$0.10
Dec 27, 2019Dec 31, 2019$0.48
Dec 27, 2018Dec 31, 2018$0.57

IZRL Risk

How much the fund’s monthly returns vary, scaled to a year.
22.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.57
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−52.4%
Trough Oct 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.91
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

IZRL Cost

Expense ratio0.49%
  • The middle half of Developed Single Country funds
  • Median 0.50%

9 of the 38 Developed Single Country funds charge less.

IZRL costs $49.00 a year on $10,000. The median Developed Single Country fund costs $50.00.