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ETFs

ARK Israel Innovative Technology ETF

IZRL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 05 2017
Expense Ratio
0.49%
Type
Global Ex. US Equities
Fund Owner
ARK Funds
Volume (1m avg. daily)
$208,576
AUM
$96,059,626
Associated Index
ARK Israeli Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PERI
Perion Network Ltd.
3.16%
CLBT
Cellebrite DI Ltd
3.10%
MBLY
Mobileye Global Inc - Ordinary Shares - Class A
3.09%
MNDY
Monday.Com Ltd
2.86%
WIX
Wix.com Ltd
2.79%
CYBR
CyberArk Software Ltd
2.77%
NVMI
Nova Ltd
2.72%
SMWB
Similarweb Ltd
2.70%
PLTK
Playtika Holding Corp
2.69%
SSYS
Stratasys Ltd
2.57%
Invest with IZRL

What is IZRL?

The ARK Israeli Innovation Index includes equity securities or depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing. ARK Israeli Innovation Index, which is designed to track the price movements of exchange listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology.

ETFs related toIZRL

ETFs correlated to IZRL include XSW, ARKQ, KOMP

IZRL
ARK Investment Management LLC - ARK Israel Innovative Technology ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIZRL

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IZRL using Composer

FAQ

IZRL is a Global Ex. US Equities ETF. The ARK Israeli Innovation Index includes equity securities or depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing. ARK Israeli Innovation Index, which is designed to track the price movements of exchange listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology.

IZRL tracks the ARK Israeli Innovation Index.

No, IZRL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IZRL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IZRL is -0.0596%. This is the percent change in the value of IZRL over the most recent 1-month period. The 3-month return on IZRL is -0.019%. This is the percent change in the value of IZRL over the most recent 3-month period.

The standard deviation of IZRL for the past year is 0.3006%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IZRL include EWW, EWC, and EWY.

ETFs correlated to IZRL include XSW, ARKQ, and KOMP.

ETFs that are inversely correlated to IZRL include WEBS, SARK, and HIBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.