IZRL vs. FPXE ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to First Trust IPOX Europe Equity Opportunities ETF (FPXE)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the 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. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) 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.

Grade (RS Rating)

Last Trade

$19.82

Average Daily Volume

21,544

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPXE

First Trust IPOX Europe Equity Opportunities ETF

FPXE Description

The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").

Grade (RS Rating)

Last Trade

$24.60

Average Daily Volume

237

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	FPXE
30 Days	-4.85%	-2.88%
60 Days	-7.08%	-1.21%
90 Days	0.97%	9.30%
12 Months	16.93%	17.64%

3 Overlapping Holdings

Symbol	Grade	Weight in IZRL	Weight in FPXE	Overlap
CLBT	D	2.22%	1.05%	1.05%
FROG	D	2.22%	0.43%	0.43%
MNDY	D	2.19%	2.64%	2.19%

IZRL Overweight 21 Positions Relative to FPXE

Symbol	Grade	Weight
PLTK	C	2.32%
TEVA	A	2.27%
RSKD	B	2.25%
FVRR	F	2.21%
AUDC	D	2.21%
MGIC	B	2.21%
CGNT	D	2.2%
ITRN	D	2.18%
RDWR	F	2.18%
SPNS	B	2.17%
NNOX	D	2.15%
CYBR	D	2.15%
URGN	F	2.15%
TARO	B	2.14%
INMD	F	2.11%
WKME	D	2.1%
SSYS	F	2.09%
WIX	D	2.07%
SMWB	D	2.07%
NICE	D	2.05%
CHKP	D	2.01%

IZRL Underweight 20 Positions Relative to FPXE

Symbol	Grade	Weight
NVT	A	-8.55%
ARM	F	-5.0%
SPOT	B	-3.57%
ONON	C	-2.0%
HAFN	B	-1.9%
ICLR	D	-1.54%
BIRK	D	-0.84%
ZGN	D	-0.44%
STVN	F	-0.36%
PHVS	D	-0.29%
JHG	B	-0.25%
CNTA	D	-0.22%
IMCR	D	-0.14%
CMPS	D	-0.13%
MRUS	C	-0.13%
PAX	F	-0.1%
SPNT	C	-0.1%
VTEX	D	-0.07%
OSW	A	-0.06%
IMTX	D	-0.05%