CARD vs. FTXR
CARD (Max Auto Industry -3X Inverse Leveraged ETN) and FTXR (First Trust Nasdaq Transportation ETF) are both exchange-traded funds - CARD is a Inverse Equities fund tracking the Prime Auto Industry Index - Benchmark TR Net (--300%), while FTXR is a Industrials Equities fund tracking the Nasdaq U.S. Smart Transportation Index. Both are passively managed. Over the past year, CARD returned -30.65% vs 42.37% for FTXR. At a correlation of -0.80, they often move in opposite directions. CARD charges 0.95%/yr vs 0.60%/yr for FTXR.
Performance
CARD vs. FTXR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CARD achieves a 5.96% return, which is significantly lower than FTXR's 14.22% return.
CARD
- 1D
- 2.92%
- 1M
- 3.56%
- YTD
- 5.96%
- 6M
- 16.67%
- 1Y
- -30.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTXR
- 1D
- -1.25%
- 1M
- 3.59%
- YTD
- 14.22%
- 6M
- 11.94%
- 1Y
- 42.37%
- 3Y*
- 17.82%
- 5Y*
- 7.06%
- 10Y*
- —
CARD vs. FTXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CARD Max Auto Industry -3X Inverse Leveraged ETN | 5.96% | -60.21% | -58.19% | -32.77% |
FTXR First Trust Nasdaq Transportation ETF | 14.22% | 14.70% | 17.09% | 3.31% |
Correlation
The correlation between CARD and FTXR is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | -0.80 |
The correlation between CARD and FTXR has been stable across timeframes, ranging from -0.80 to -0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARD vs. FTXR — Risk / Return Rank
CARD
FTXR
CARD vs. FTXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) and First Trust Nasdaq Transportation ETF (FTXR). 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.
| CARD | FTXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 2.94 | -3.60 |
| Martin ratioReturn relative to average drawdown | -0.97 | 9.95 | -10.92 |
Loading charts...
Drawdowns
CARD vs. FTXR - Drawdown Comparison
The maximum CARD drawdown since its inception was -93.51%, which is greater than FTXR's maximum drawdown of -52.06%. Use the drawdown chart below to compare losses from any high point for CARD and FTXR.
Loading charts...
Drawdown Indicators
| CARD | FTXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.51% | -52.06% | -41.45% |
Max Drawdown (1Y)Largest decline over 1 year | -46.42% | -14.49% | -31.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.96% | — |
Current DrawdownCurrent decline from peak | -92.04% | -2.79% | -89.25% |
Average DrawdownAverage peak-to-trough decline | -68.71% | -11.00% | -57.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.50% | 4.27% | +27.23% |
Volatility
CARD vs. FTXR - Volatility Comparison
Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a higher volatility of 24.36% compared to First Trust Nasdaq Transportation ETF (FTXR) at 7.52%. This indicates that CARD's price experiences larger fluctuations and is considered to be riskier than FTXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CARD | FTXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.36% | 7.52% | +16.84% |
Volatility (6M)Calculated over the trailing 6-month period | 52.63% | 17.15% | +35.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.25% | 22.07% | +48.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.74% | 23.98% | +56.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.74% | 24.76% | +55.98% |
CARD vs. FTXR - Expense Ratio Comparison
CARD has a 0.95% expense ratio, which is higher than FTXR's 0.60% expense ratio.
Dividends
CARD vs. FTXR - Dividend Comparison
CARD has not paid dividends to shareholders, while FTXR's dividend yield for the trailing twelve months is around 1.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CARD Max Auto Industry -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTXR First Trust Nasdaq Transportation ETF | 1.14% | 1.52% | 2.13% | 1.50% | 2.38% | 0.67% | 0.33% | 1.34% | 1.74% | 1.18% | 0.24% |
Frequently Asked Questions
CARD and FTXR have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARD has higher volatility (24.36%) compared to FTXR (7.52%). In terms of maximum drawdown, CARD dropped -93.51% vs FTXR's -52.06%.
On 1-year performance, FTXR leads with 42.37% vs -30.65% for CARD. On fees, FTXR is cheaper at 0.60% per year. On volatility, FTXR has been the lower-risk option at 7.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTXR has performed better with a 42.37% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXR is cheaper with a 0.60% expense ratio, compared with 0.95% for CARD.
FTXR has the higher dividend yield at 1.14%, compared with 0.00% for CARD.
CARD is categorized as Inverse Equities, while FTXR is Industrials Equities. CARD tracks Prime Auto Industry Index - Benchmark TR Net (--300%), while FTXR tracks Nasdaq U.S. Smart Transportation Index. They also come from different issuers: Max and First Trust. Their fees differ too: 0.95% for CARD and 0.60% for FTXR.
FTXR currently has the higher Sharpe Ratio (1.94 vs -0.44), 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.
Find the right allocation for CARD and FTXR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer