CARU vs. NTSD

Last updated Jun 4, 2026

CARU (Max Auto Industry 3X Leveraged ETN) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. CARU is passively managed, while NTSD is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. CARU charges 0.95%/yr vs 0.35%/yr for NTSD.

Performance

CARU vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Max Auto Industry 3X Leveraged ETN (CARU) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CARU

• 1D: -1.30%
• 1M: 8.25%
• YTD: -23.03%
• 6M: -25.68%
• 1Y: -15.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: -1.11%
• 1M: 7.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARU vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
CARU Max Auto Industry 3X Leveraged ETN	18.66%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	17.91%

Correlation

The correlation between CARU and NTSD is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.77

Return for Risk

CARU vs. NTSD — Risk / Return Rank

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

CARU

CARU Risk / Return Rank: 7
CARU Sharpe Ratio Rank: 7
CARU Sortino Ratio Rank: 9
CARU Omega Ratio Rank: 9
CARU Calmar Ratio Rank: 6
CARU Martin Ratio Rank: 6

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.

CARU vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry 3X Leveraged ETN (CARU) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	CARU	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	—	—
Sortino ratio: Return per unit of downside risk	0.15	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	-0.30	—	—
Martin ratio: Return relative to average drawdown	-0.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CARU	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	5.08	-5.13

Drawdowns

CARU vs. NTSD - Drawdown Comparison

The maximum CARU drawdown since its inception was -66.44%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for CARU and NTSD.

Drawdown Indicators

	CARU	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-66.44%	-5.20%	-61.24%
Max Drawdown (1Y) Largest decline over 1 year	-50.87%	—	—
Current Drawdown Current decline from peak	-39.22%	-1.11%	-38.11%
Average Drawdown Average peak-to-trough decline	-35.91%	-0.84%	-35.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.99%	—	—

Volatility

Volatility by Period

	CARU	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.70%	24.28%	+44.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.27%	24.28%	+55.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.27%	24.28%	+55.99%

CARU vs. NTSD - Expense Ratio Comparison

CARU has a 0.95% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

CARU vs. NTSD - Dividend Comparison

Neither CARU nor NTSD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CARU and NTSD in my portfolio?

CARU and NTSD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CARU or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CARU or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for CARU.

Which ETF pays a higher dividend yield, CARU or NTSD?

CARU and NTSD have nearly identical dividend yields, around 0.00%.

What is the main difference between CARU and NTSD?

They also come from different issuers: Max and WisdomTree. Their fees differ too: 0.95% for CARU and 0.35% for NTSD.