CARZ vs. BEDZ

Last updated Aug 4, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) and BEDZ (AdvisorShares Hotel ETF) are both Consumer Discretionary Equities funds. CARZ is passively managed, while BEDZ is actively managed. Over the past 5 years, CARZ returned 12.76%/yr vs 11.88%/yr for BEDZ. Their 0.57 correlation means they have sometimes moved together and sometimes differently. CARZ charges 0.70%/yr vs 0.99%/yr for BEDZ.

Performance

CARZ vs. BEDZ - Performance Comparison

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

Returns By Period

In the year-to-date period, CARZ achieves a 32.79% return, which is significantly higher than BEDZ's 12.58% return.

CARZ

• 1D: 1.28%
• 1M: -5.98%
• 6M: 21.21%
• YTD: 32.79%
• 1Y: 68.69%
• 3Y*: 24.16%
• 5Y*: 12.76%
• 10Y*: 14.17%
• ALL TIME*: 10.24%

BEDZ

• 1D: 0.60%
• 1M: 2.16%
• 6M: 12.82%
• YTD: 12.58%
• 1Y: 19.65%
• 3Y*: 14.99%
• 5Y*: 11.88%
• 10Y*: —
• ALL TIME*: 9.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEDZ AdvisorShares Hotel ETF	$41.69K	$47.62K	$77.24K
CARZ First Trust NASDAQ Global Auto Index Fund	$456.71K	$511.80K	$495.78K

CARZ vs. BEDZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CARZ First Trust NASDAQ Global Auto Index Fund	32.79%	37.18%	3.26%	42.47%	-31.25%	5.72%
BEDZ AdvisorShares Hotel ETF	12.58%	3.46%	18.31%	23.88%	-13.40%	7.95%

Correlation

The correlation between CARZ and BEDZ is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.57

Over the past year, the correlation between CARZ and BEDZ has dropped to 0.32 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

CARZ vs. BEDZ - Sectors Allocation Comparison

Sectors	CARZ	BEDZ
Technology	69.1%	-
Consumer Cyclical	16.3%	44.5%
Industrials	6.4%	4.1%
Basic Materials	4.2%	-
Communication Services	4.1%	1.5%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	50.6%
Utilities	-	-

Return for Risk

CARZ vs. BEDZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CARZ

CARZ Risk / Return Rank: 83
CARZ Sharpe Ratio Rank: 87
CARZ Sortino Ratio Rank: 79
CARZ Omega Ratio Rank: 82
CARZ Calmar Ratio Rank: 83
CARZ Martin Ratio Rank: 82

BEDZ

BEDZ Risk / Return Rank: 39
BEDZ Sharpe Ratio Rank: 37
BEDZ Sortino Ratio Rank: 40
BEDZ Omega Ratio Rank: 36
BEDZ Calmar Ratio Rank: 44
BEDZ Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CARZ vs. BEDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and AdvisorShares Hotel ETF (BEDZ). 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.

	CARZ	BEDZ	Difference
Sharpe ratio: Return per unit of total volatility	2.17	0.97	+1.20
Sortino ratio: Return per unit of downside risk	2.69	1.55	+1.14
Omega ratio: Gain probability vs. loss probability	1.36	1.18	+0.18
Calmar ratio: Return relative to maximum drawdown	3.22	1.64	+1.58
Martin ratio: Return relative to average drawdown	11.66	3.88	+7.77

CARZ vs. BEDZ - Sharpe Ratio Comparison

The current CARZ Sharpe Ratio is 2.17, which is higher than the BEDZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of CARZ and BEDZ, 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

CARZ vs. BEDZ - Drawdown Comparison

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

Drawdown Indicators

	CARZ	BEDZ	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	-29.70%	-21.50%
Max Drawdown (1Y) Largest decline over 1 year	-21.44%	-12.06%	-9.38%
Max Drawdown (3Y) Largest decline over 3 years	-27.84%	-28.31%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-29.70%	-10.60%
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	—	—
Current Drawdown Current decline from peak	-16.01%	-1.84%	-14.17%
Average Drawdown Average peak-to-trough decline	-12.87%	-7.88%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.91%	5.07%	+0.84%

Volatility

CARZ vs. BEDZ - Volatility Comparison

First Trust NASDAQ Global Auto Index Fund (CARZ) has a higher volatility of 11.77% compared to AdvisorShares Hotel ETF (BEDZ) at 5.38%. This indicates that CARZ's price experiences larger fluctuations and is considered to be riskier than BEDZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARZ	BEDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.77%	5.38%	+6.39%
Volatility (6M) Calculated over the trailing 6-month period	27.69%	15.13%	+12.56%
Volatility (1Y) Calculated over the trailing 1-year period	31.82%	20.29%	+11.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.28%	24.60%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.77%	24.65%	+2.12%

CARZ vs. BEDZ - Expense Ratio Comparison

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

Dividends

CARZ vs. BEDZ - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.32%, less than BEDZ's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEDZ AdvisorShares Hotel ETF	2.05%	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	1.32%	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 CARZ and BEDZ in my portfolio?

CARZ and BEDZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARZ or BEDZ?

CARZ has higher volatility (11.77%) compared to BEDZ (5.38%). In terms of maximum drawdown, CARZ dropped -51.20% vs BEDZ's -29.70%.

Which ETF is better, CARZ or BEDZ?

On 5-year performance, CARZ leads with 12.76% vs 11.88% for BEDZ. On fees, CARZ is cheaper at 0.70% per year. On volatility, BEDZ has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARZ or BEDZ?

Over the 5-year period, CARZ has performed better with a 12.76% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARZ or BEDZ?

CARZ is cheaper with a 0.70% expense ratio, compared with 0.99% for BEDZ.

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

BEDZ has the higher dividend yield at 2.05%, compared with 1.32% for CARZ.

What is the main difference between CARZ and BEDZ?

They also come from different issuers: First Trust and AdvisorShares. Their fees differ too: 0.70% for CARZ and 0.99% for BEDZ.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (2.17 vs 0.97), 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.