AWAY vs. CARZ

Last updated Jun 26, 2026

AWAY (ETFMG Travel Tech ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - AWAY tracks the Prime Travel Technology Index while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. Over the past 5 years, AWAY returned -10.42%/yr vs 15.13%/yr for CARZ. A 0.66 correlation means they provide meaningful diversification when combined. AWAY charges 0.75%/yr vs 0.70%/yr for CARZ.

Performance

AWAY vs. CARZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Travel Tech ETF (AWAY) and First Trust NASDAQ Global Auto Index Fund (CARZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AWAY achieves a -14.38% return, which is significantly lower than CARZ's 47.38% return.

AWAY

• 1D: -0.70%
• 1M: 6.45%
• YTD: -14.38%
• 6M: -14.46%
• 1Y: -16.06%
• 3Y*: 1.85%
• 5Y*: -10.42%
• 10Y*: —

CARZ

• 1D: 1.80%
• 1M: -3.61%
• YTD: 47.38%
• 6M: 45.80%
• 1Y: 92.92%
• 3Y*: 30.86%
• 5Y*: 15.13%
• 10Y*: 16.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AWAY vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	-14.38%	-3.36%	10.44%	17.94%	-32.25%	-5.91%	3.47%
CARZ First Trust NASDAQ Global Auto Index Fund	47.38%	37.18%	3.26%	42.47%	-31.25%	18.09%	48.25%

Correlation

The correlation between AWAY and CARZ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 13, 2020	0.66

The correlation between AWAY and CARZ shifts across timeframes, from 0.47 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

AWAY vs. CARZ - Sectors Allocation Comparison

Sectors	AWAY	CARZ
Consumer Cyclical	64.2%	21.5%
Technology	29.0%	34.6%
Communication Services	4.4%	1.9%
Industrials	1.2%	7.5%
Financial Services	0.2%	-
Basic Materials	-	6.5%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AWAY vs. CARZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AWAY

AWAY Risk / Return Rank: 4
AWAY Sharpe Ratio Rank: 4
AWAY Sortino Ratio Rank: 4
AWAY Omega Ratio Rank: 4
AWAY Calmar Ratio Rank: 5
AWAY Martin Ratio Rank: 5

CARZ

CARZ Risk / Return Rank: 93
CARZ Sharpe Ratio Rank: 95
CARZ Sortino Ratio Rank: 90
CARZ Omega Ratio Rank: 91
CARZ Calmar Ratio Rank: 95
CARZ Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AWAY vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) and First Trust NASDAQ Global Auto Index Fund (CARZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AWAY	CARZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	3.19	-3.92
Sortino ratio: Return per unit of downside risk	-0.91	3.63	-4.54
Omega ratio: Gain probability vs. loss probability	0.89	1.52	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.49	6.47	-6.96
Martin ratio: Return relative to average drawdown	-0.93	23.62	-24.55

AWAY vs. CARZ - Sharpe Ratio Comparison

The current AWAY Sharpe Ratio is -0.73, which is lower than the CARZ Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of AWAY and CARZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AWAY vs. CARZ - Drawdown Comparison

The maximum AWAY drawdown since its inception was -56.57%, which is greater than CARZ's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for AWAY and CARZ.

Drawdown Indicators

	AWAY	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-51.20%	-5.37%
Max Drawdown (1Y) Largest decline over 1 year	-32.83%	-14.44%	-18.39%
Max Drawdown (3Y) Largest decline over 3 years	-32.83%	-27.84%	-4.99%
Max Drawdown (5Y) Largest decline over 5 years	-51.49%	-40.30%	-11.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.20%	—
Current Drawdown Current decline from peak	-48.35%	-6.78%	-41.57%
Average Drawdown Average peak-to-trough decline	-36.34%	-12.87%	-23.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.33%	3.95%	+13.38%

Volatility

AWAY vs. CARZ - Volatility Comparison

The current volatility for ETFMG Travel Tech ETF (AWAY) is 7.08%, while First Trust NASDAQ Global Auto Index Fund (CARZ) has a volatility of 15.52%. This indicates that AWAY experiences smaller price fluctuations and is considered to be less risky than CARZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWAY	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	15.52%	-8.44%
Volatility (6M) Calculated over the trailing 6-month period	18.64%	24.91%	-6.27%
Volatility (1Y) Calculated over the trailing 1-year period	22.24%	29.29%	-7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	28.82%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	26.54%	+5.19%

AWAY vs. CARZ - Expense Ratio Comparison

AWAY has a 0.75% expense ratio, which is higher than CARZ's 0.70% expense ratio.

Dividends

AWAY vs. CARZ - Dividend Comparison

AWAY has not paid dividends to shareholders, while CARZ's dividend yield for the trailing twelve months is around 1.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWAY ETFMG Travel Tech ETF	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
CARZ First Trust NASDAQ Global Auto Index Fund	1.45%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%

Frequently Asked Questions

Can I hold both AWAY and CARZ in my portfolio?

AWAY and CARZ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AWAY or CARZ?

CARZ has higher volatility (15.52%) compared to AWAY (7.08%). In terms of maximum drawdown, AWAY dropped -56.57% vs CARZ's -51.20%.

Which ETF is better, AWAY or CARZ?

On 5-year performance, CARZ leads with 15.13% vs -10.42% for AWAY. On fees, CARZ is cheaper at 0.70% per year. On volatility, AWAY has been the lower-risk option at 7.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AWAY or CARZ?

Over the 5-year period, CARZ has performed better with a 15.13% return vs -10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AWAY or CARZ?

CARZ is cheaper with a 0.70% expense ratio, compared with 0.75% for AWAY.

Which ETF pays a higher dividend yield, AWAY or CARZ?

CARZ has the higher dividend yield at 1.45%, compared with 0.00% for AWAY.

What is the main difference between AWAY and CARZ?

AWAY tracks Prime Travel Technology Index, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: ETFMG and First Trust. Their fees differ too: 0.75% for AWAY and 0.70% for CARZ.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (3.19 vs -0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.