BETZ vs. CARZ

Last updated Jun 3, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - BETZ tracks the Roundhill Sports Betting & iGaming Index while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. Over the past 5 years, BETZ returned -8.45%/yr vs 16.84%/yr for CARZ. A 0.62 correlation means they provide meaningful diversification when combined. BETZ charges 0.75%/yr vs 0.70%/yr for CARZ.

Performance

BETZ vs. CARZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) 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, BETZ achieves a -9.29% return, which is significantly lower than CARZ's 58.10% return.

BETZ

• 1D: -0.47%
• 1M: -1.76%
• YTD: -9.29%
• 6M: -6.63%
• 1Y: -5.17%
• 3Y*: 5.35%
• 5Y*: -8.45%
• 10Y*: —

CARZ

• 1D: 2.83%
• 1M: 18.55%
• YTD: 58.10%
• 6M: 63.30%
• 1Y: 118.34%
• 3Y*: 34.35%
• 5Y*: 16.84%
• 10Y*: 16.53%

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

BETZ vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	-9.29%	15.75%	10.22%	21.17%	-42.02%	-3.91%	60.54%
CARZ First Trust NASDAQ Global Auto Index Fund	58.10%	37.18%	3.26%	42.47%	-31.25%	18.09%	64.34%

Correlation

The correlation between BETZ and CARZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.62

Over the past year, the correlation between BETZ and CARZ has dropped to 0.40 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

BETZ vs. CARZ - Sectors Allocation Comparison

Sectors	BETZ	CARZ
Consumer Cyclical	96.4%	19.5%
Technology	2.8%	60.6%
Communication Services	0.8%	5.1%
Financial Services	0.0%	-
Basic Materials	-	6.6%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	8.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

BETZ vs. CARZ — Risk / Return Rank

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

BETZ

BETZ Risk / Return Rank: 6
BETZ Sharpe Ratio Rank: 6
BETZ Sortino Ratio Rank: 6
BETZ Omega Ratio Rank: 6
BETZ Calmar Ratio Rank: 7
BETZ Martin Ratio Rank: 7

CARZ

CARZ Risk / Return Rank: 95
CARZ Sharpe Ratio Rank: 97
CARZ Sortino Ratio Rank: 95
CARZ Omega Ratio Rank: 94
CARZ Calmar Ratio Rank: 95
CARZ Martin Ratio Rank: 96

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.

BETZ vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) 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.

	BETZ	CARZ	Difference
Sharpe ratio Return per unit of total volatility	-0.25	4.62	-4.87
Sortino ratio Return per unit of downside risk	-0.22	5.26	-5.47
Omega ratio Gain probability vs. loss probability	0.97	1.71	-0.73
Calmar ratio Return relative to maximum drawdown	-0.22	8.16	-8.38
Martin ratio Return relative to average drawdown	-0.38	33.04	-33.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BETZ vs. CARZ - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.25, which is lower than the CARZ Sharpe Ratio of 4.62. The chart below compares the historical Sharpe Ratios of BETZ 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.

Sharpe Ratios by Period

	BETZ	CARZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	4.62	-4.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.60	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.46	-0.32

Drawdowns

BETZ vs. CARZ - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than CARZ's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for BETZ and CARZ.

Drawdown Indicators

	BETZ	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-51.20%	-9.62%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-14.44%	-14.76%
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	-27.84%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-60.35%	-40.30%	-20.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.20%	—
Current Drawdown Current decline from peak	-38.64%	0.00%	-38.64%
Average Drawdown Average peak-to-trough decline	-33.81%	-12.90%	-20.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.93%	3.57%	+13.36%

Volatility

BETZ vs. CARZ - Volatility Comparison

The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.46%, while First Trust NASDAQ Global Auto Index Fund (CARZ) has a volatility of 10.21%. This indicates that BETZ 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

	BETZ	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	10.21%	-4.75%
Volatility (6M) Calculated over the trailing 6-month period	15.77%	20.31%	-4.54%
Volatility (1Y) Calculated over the trailing 1-year period	20.49%	25.79%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.95%	28.11%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.95%	26.28%	+1.67%

BETZ vs. CARZ - Expense Ratio Comparison

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

Dividends

BETZ vs. CARZ - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.04%, more than CARZ's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BETZ Roundhill Sports Betting & iGaming ETF	5.04%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%
CARZ First Trust NASDAQ Global Auto Index Fund	1.35%	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 BETZ and CARZ in my portfolio?

BETZ and CARZ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETZ or CARZ?

CARZ has higher volatility (10.21%) compared to BETZ (5.46%). In terms of maximum drawdown, BETZ dropped -60.82% vs CARZ's -51.20%.

Which ETF is better, BETZ or CARZ?

On 5-year performance, CARZ leads with 16.84% vs -8.45% for BETZ. On fees, CARZ is cheaper at 0.70% per year. On volatility, BETZ has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETZ or CARZ?

Over the 5-year period, CARZ has performed better with a 16.84% return vs -8.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETZ or CARZ?

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

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

BETZ has the higher dividend yield at 5.04%, compared with 1.35% for CARZ.

What is the main difference between BETZ and CARZ?

BETZ tracks Roundhill Sports Betting & iGaming Index, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: Roundhill Investments and First Trust. Their fees differ too: 0.75% for BETZ and 0.70% for CARZ.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (4.62 vs -0.25), 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.