CARZ vs. COWZ
Compare and contrast key facts about First Trust NASDAQ Global Auto Index Fund (CARZ) and Pacer US Cash Cows 100 ETF (COWZ).
CARZ and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COWZ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016. Both CARZ and COWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARZ or COWZ.
Key characteristics
| CARZ | COWZ | |
|---|---|---|
| YTD Return | 2.63% | 16.47% |
| 1Y Return | 16.52% | 25.84% |
| 3Y Return (Ann) | -2.26% | 10.24% |
| 5Y Return (Ann) | 12.86% | 16.92% |
| Sharpe Ratio | 0.70 | 1.88 |
| Sortino Ratio | 1.08 | 2.72 |
| Omega Ratio | 1.13 | 1.33 |
| Calmar Ratio | 0.77 | 3.40 |
| Martin Ratio | 2.39 | 8.07 |
| Ulcer Index | 6.85% | 3.19% |
| Daily Std Dev | 23.46% | 13.70% |
| Max Drawdown | -51.20% | -38.63% |
| Current Drawdown | -8.25% | -0.93% |
Correlation
The correlation between CARZ and COWZ is 0.65, 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.
Performance
CARZ vs. COWZ - Performance Comparison
In the year-to-date period, CARZ achieves a 2.63% return, which is significantly lower than COWZ's 16.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CARZ vs. COWZ - Expense Ratio Comparison
CARZ has a 0.70% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
CARZ vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Pacer US Cash Cows 100 ETF (COWZ). 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.
Dividends
CARZ vs. COWZ - Dividend Comparison
CARZ's dividend yield for the trailing twelve months is around 1.06%, less than COWZ's 1.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.06% | 1.40% | 1.59% | 2.26% | 0.63% | 3.23% | 2.85% | 2.10% | 2.48% | 1.64% | 1.69% | 0.73% |
COWZ Pacer US Cash Cows 100 ETF | 1.83% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
CARZ vs. COWZ - Drawdown Comparison
The maximum CARZ drawdown since its inception was -51.20%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for CARZ and COWZ. For additional features, visit the drawdowns tool.
Volatility
CARZ vs. COWZ - Volatility Comparison
First Trust NASDAQ Global Auto Index Fund (CARZ) has a higher volatility of 5.18% compared to Pacer US Cash Cows 100 ETF (COWZ) at 4.08%. This indicates that CARZ's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.