FLCA vs IZRL

FLCAAFranklin FTSE Canada ETF

IZRLCARK Israel Innovative Technology ETF

In short

FLCA Canada in one ticker, at index-fund pricing. FLCA tracks the FTSE Canada Capped Index, about 50 large- and mid-cap Canadian names, for 0.09% a year.

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

FLCA The fund seeks to track the FTSE Canada Capped Index, which measures the performance of Canadian large- and mid-capitalization stocks.

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

• FLCA 0.09% a year against a 0.45% median for index-tracking ETFs. On plain-vanilla country exposure, the fee gap is most of the story.
• The mandate is refreshingly plain: the FTSE Canada Capped Index, Canadian large and mid caps, no factor tilts, no derivatives overlay.
• Live since 2017 and one of the stronger implementations in a crowded field of index trackers.

• 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

• FLCA About 50 stocks in one country. That is a targeted slice of the world, not a diversified core.
• Mid-sized and moderately traded, so limit orders are the sane way in and out.
• Distributions arrive once or twice a year rather than quarterly, which matters if you spend the income.

• 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 FLCA profile⁠

Full IZRL profile⁠