ETF Evaluator:
ARK Israel Innovative Technology ETF ()
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(as of Aug 26)
Best Performing in Focused Region Over the Last Year
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ETF Details
ARK Israel Innovative Technology ETF Overview
ARK Israel Innovative Technology ETF (IZRL) is a passively managed International Equity Focused Region exchange-traded fund (ETF). ARK ETF Trust launched the ETF in 2017.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index ("index").
The fund normally invests at least 80% of its total assets in securities that are included in the fund's benchmark index, depositary receipts representing securities included in the index or underlying stocks in respect of depositary receipts included in the index. The index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel ("Israeli Companies"). The fund is non-diversified.
About ARK Israel Innovative Technology ETF (IZRL)
There are 1 members of the management team with an average tenure of 3.87 years: William Scherer (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI World NR USD index with a weighting of 100%. ARK Israel Innovative Technology ETF has 66 securities in its portfolio. The top 10 holdings constitute 17.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ARK Israel Innovative Technology ETF is part of the Equity global asset class and is within the International Equity ETF group. ARK Israel Innovative Technology ETF has 68.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 31.7% There is 68.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ARK Israel Innovative Technology ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $136 million in total assets, which is below the $1 billion average for the Focused Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IZRL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ARK Israel Innovative Technology ETF expense ratio is average compared to funds in the Focused Region category. ARK Israel Innovative Technology ETF has an expense ratio of 0.49%, which is 5% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ARK Israel Innovative Technology ETF has a portfolio turnover rate of 56%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Focused Region category.
Recently, in the month of July 2026, ARK Israel Innovative Technology ETF returned -3.3%, which earned it a grade of F, as the Focused Region category had an average return of 1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ARK Israel Innovative Technology ETF has a trailing yield of 2.63%, which is below the 5.57% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ARK Israel Innovative Technology ETF Grades
Year to date, the ETF has returned -0.8%, 11.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.1% over the past year (grade of D), 14.8% over the past three years (grade of C) and 0.1% per year over the past five years (grade of F).
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IZRL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IZRL Return (NAV) | -3.3% | -1.7% | 10.1% | 14.8% | 0.1% | na |
| IZRL Return (Price) | -3.4% | -2.5% | 9.4% | 14.6% | 0.1% | na |
| NAV +/- Price Return | 0.119% | 0.794% | 0.775% | 0.194% | -0.004% | na |
| Focused Region Avg | 1.8% | 1.8% | 29.5% | 85.6% | 9.2% | 8.4% |
| IZRL Grade (NAV) | F | D | D | C | F | na |
| +/- Category (NAV) | -5.1% | -3.5% | -19.3% | -70.9% | -9.1% | na |
| IZRL Tax-Cost Ratio | na | na | 1.0% | 0.4% | 0.3% | na |
IZRL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IZRL Return (NAV) | -0.8% | 35.9% | 15.5% | 11.2% | -38.7% | -2.8% | 32.4% | 22.0% | -5.0% | na | na |
| IZRL Return (Price) | -1.8% | 37.0% | 15.3% | 11.4% | -38.6% | -3.6% | 34.1% | 21.8% | -6.2% | na | na |
| NAV +/- Price Ret | 1.139% | 0.031% | -0.013% | 0.019% | -0.001% | 0.258% | 0.053% | -1.0% | 23.1% | na | na |
| Focused Region Avg | 10.6% | 40.0% | 7.6% | 33.4% | -15.0% | 8.3% | 3.6% | 20.0% | -13.7% | 26.4% | 13.0% |
| IZRL Grade (NAV) | F | C | A | D | F | D | A | C | A | na | na |
| +/- Category | -11.4% | -4.1% | 7.9% | -22.3% | -23.7% | -11.1% | 28.8% | 2.0% | 8.7% | na | na |
| Risk Measures | |
| Beta: | 0.91 |
| R-Squared: | 32% |
| Standard Deviation: | 22.3% |
| Category Risk Index: | 0.28 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.82 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 137 Mil |
| Share Class Assets: | $ 137 Mil |
| Turnover: | 56.0% |
| Expense Ratio: | 0.49% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 3.9 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Scherer William (2022) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 66 |
| % in Top 10 Holdings: | 17.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 68.0% |
Portfolio Allocation |
|
| Domestic Stock: | 31.7% |
| Foreign Stock: | 68.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ARK ETF Trust |
| Phone Number: | 727-810-8160 |
| Website: | www.ark-funds.com |
| Inception Date: | December 4, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
