Skip to content
etf.net

Launched · SEC filings

ARK Israel Innovative Technology ETF

IZRLCboeARKC

$26.88−0.23 (−0.85%)

As of Nov 2, 2026, 3:59 PM ET

C42/ 100

Rank 29 of 38 in Developed Single Country

C42/100Rank 29 of 38inDeveloped Single Country
Intraday session: down, 79 prints from 27.11 to 26.88. Range 26.78 to 27.77. Use the arrow keys to read each point.27.0027.4027.6027.8010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$134M
1Y total return
−4.5%
Yield · Last 12 months
2.88%
Holdings
66
Avg volume · 30D
8.98K sh
52W range
low $25.96high $32.76
Launched
Filings
SEC EDGAR

The ETF.net IZRL Grade

C

Score 42 out of 100

Category
Developed Single Country⁠
Rank
29 of 38
Six-pillar profile for IZRL. Scores out of 100: Cost 55, Risk 24, Mission 41, Tradability 21, Holdings 70, Durability 38. Strongest: Holdings (70). Weakest: Tradability (21). Leans toward Holdings.

Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 10 of 38

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C41 out of 100
    Rank 32 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 34 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F21 out of 100
    Rank 33 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 9 of 36

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D38 out of 100
    Rank 32 of 38

Our read on IZRL

ETF.net Research

In short

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

  • Runs 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
  • 0.49% a year, below the typical disruptive-innovation fund and level with peers like TRFM while undercutting FDTX.
  • Equal 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
  • A pure local read on Israeli innovation, spanning genomics, biotech, manufacturing and information technology, and trading in the US since its 2017 launch.

Worth knowing

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

IZRL Performance

Launched Dec 5, 2017

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

Not enough history yet.
IZRL$9,552
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IZRL $9,552. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−9.9%
1 month−5.7%
3 months−8.2%
1 year−4.5%
3 yearsper year+20.9%
5 yearsper year−2.0%
10 yearsFund is under 10 years oldper yearNo data

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−9.9%
2025+37.0%
2024+15.3%

IZRL in the news

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 Oct 30, 2026.
2.88%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

$10,000 in IZRL 5 years ago paid $306 in dividends.

IZRL Risk

Risk pillarF24 out of 100Rank 34 of 38 in Developed Single Country
How much the fund’s monthly returns vary, scaled to a year.
20.8%
Annualised · 36 months to Oct 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.
0.80
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

IZRL Cost

Compare IZRL and FLKR

Overpaying vs FLKR, tied cheapest in Developed Single Country

$7,894

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IZRL 0.49%

    $9,792

  • FLKR 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • IZRL 0.49%
  • FLKR 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530IZRL $9,792FLKR $1,898

Year by year

YearIZRLFLKROverpaying
10$883$165$718
20$3,394$646$2,748
30$9,792$1,898$7,894

Other funds in Developed Single Country

See others