BEDZ vs. CARZ

Last updated Apr 1, 2026

Compare and contrast key facts about AdvisorShares Hotel ETF (BEDZ) and First Trust NASDAQ Global Auto Index Fund (CARZ).

BEDZ and CARZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BEDZ is an actively managed fund by AdvisorShares. It was launched on Apr 21, 2021. CARZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Global Automobile (TR). It was launched on May 9, 2011.

Performance

BEDZ vs. CARZ - Performance Comparison

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

BEDZ vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BEDZ AdvisorShares Hotel ETF	-6.97%	3.46%	18.31%	23.88%	-13.40%	6.49%
CARZ First Trust NASDAQ Global Auto Index Fund	3.74%	37.18%	3.26%	42.47%	-31.25%	5.74%

Returns By Period

In the year-to-date period, BEDZ achieves a -6.97% return, which is significantly lower than CARZ's 3.74% return.

BEDZ

• 1D: 1.61%
• 1M: -6.71%
• YTD: -6.97%
• 6M: -5.77%
• 1Y: 9.90%
• 3Y*: 9.64%
• 5Y*: —
• 10Y*: —

CARZ

• 1D: 5.11%
• 1M: -8.16%
• YTD: 3.74%
• 6M: 12.72%
• 1Y: 54.64%
• 3Y*: 18.45%
• 5Y*: 8.71%
• 10Y*: 11.68%

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

BEDZ vs. CARZ - Expense Ratio Comparison

BEDZ has a 0.99% expense ratio, which is higher than CARZ's 0.70% expense ratio.

BEDZ

AdvisorShares Hotel ETF

CARZ

First Trust NASDAQ Global Auto Index Fund

Return for Risk

BEDZ vs. CARZ — Risk / Return Rank

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

BEDZ

BEDZ Risk / Return Rank: 26
BEDZ Sharpe Ratio Rank: 24
BEDZ Sortino Ratio Rank: 27
BEDZ Omega Ratio Rank: 25
BEDZ Calmar Ratio Rank: 28
BEDZ Martin Ratio Rank: 25

CARZ

CARZ Risk / Return Rank: 89
CARZ Sharpe Ratio Rank: 87
CARZ Sortino Ratio Rank: 88
CARZ Omega Ratio Rank: 86
CARZ Calmar Ratio Rank: 91
CARZ Martin Ratio Rank: 92

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.

BEDZ vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Hotel ETF (BEDZ) 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.

	BEDZ	CARZ	Difference
Sharpe ratio Return per unit of total volatility	0.39	1.80	-1.41
Sortino ratio Return per unit of downside risk	0.76	2.45	-1.69
Omega ratio Gain probability vs. loss probability	1.10	1.34	-0.24
Calmar ratio Return relative to maximum drawdown	0.66	3.10	-2.44
Martin ratio Return relative to average drawdown	1.83	12.53	-10.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEDZ vs. CARZ - Sharpe Ratio Comparison

The current BEDZ Sharpe Ratio is 0.39, which is lower than the CARZ Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of BEDZ and CARZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BEDZ	CARZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	1.80	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.34	-0.12

Correlation

The correlation between BEDZ and CARZ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BEDZ vs. CARZ - Dividend Comparison

BEDZ's dividend yield for the trailing twelve months is around 2.48%, more than CARZ's 2.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEDZ AdvisorShares Hotel ETF	2.48%	2.31%	0.00%	1.67%	0.21%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CARZ First Trust NASDAQ Global Auto Index Fund	2.06%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%

Drawdowns

BEDZ vs. CARZ - Drawdown Comparison

The maximum BEDZ drawdown since its inception was -29.70%, smaller than the maximum CARZ drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for BEDZ and CARZ.

Drawdown Indicators

	BEDZ	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-29.70%	-51.20%	+21.50%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-16.91%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.20%	—
Current Drawdown Current decline from peak	-10.39%	-10.07%	-0.32%
Average Drawdown Average peak-to-trough decline	-8.25%	-13.03%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	4.19%	+1.30%

Volatility

BEDZ vs. CARZ - Volatility Comparison

The current volatility for AdvisorShares Hotel ETF (BEDZ) is 6.54%, while First Trust NASDAQ Global Auto Index Fund (CARZ) has a volatility of 11.13%. This indicates that BEDZ 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

	BEDZ	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	11.13%	-4.59%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	19.44%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	25.68%	30.54%	-4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.98%	27.64%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	26.03%	-1.05%