BBCA vs IZRL

BBCAAJPMorgan BetaBuilders Canada ETF

IZRLCARK Israel Innovative Technology ETF

In short

BBCA Canada, at a discount. BBCA tracks a Morningstar index of roughly 80 Canadian stocks for 0.19% a year, a fraction of what most single-country funds charge, and it has grown into a multi-billion-dollar fund since its 2018 launch.

IZRL ARK'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

BBCA The fund seeks to track the Morningstar Canada Target Market Exposure Index before fees and expenses. It uses a passive indexing approach to approximate the index rather than outperform it.

IZRL 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

• BBCA Costs 0.19% a year, against a 0.50% median for developed single-country funds. The older Canada name in this group, EWC, charges 0.50%.
• Plain passive plumbing: it aims to approximate the Morningstar Canada Target Market Exposure Index before fees rather than beat it. No stock-picking surprises.jpmorgan.com
• Running since 2018, now a multi-billion-dollar fund that pays quarterly, and one of the stronger implementations in its single-country peer group.

• IZRL 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

• BBCA One country, about 80 stocks. The sector mix is whatever Canada's market hands you, set by the index rather than by a diversification plan.
• Moderately traded, not one of the busiest names on the tape, so spreads can widen on large or off-hours orders.
• Indexing means no manager leaning away from a soft patch in Canadian equities. You get the index, minus the 0.19% fee.

• IZRL 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.

Full BBCA profile⁠

Full IZRL profile⁠