CARZ vs. DBE
CARZ (First Trust NASDAQ Global Auto Index Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - CARZ is a Consumer Discretionary Equities fund tracking the NASDAQ OMX Global Automobile (TR), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, CARZ returned 14.17%/yr vs 12.24%/yr for DBE. Their 0.22 correlation means their historical movements had little consistent relationship. CARZ charges 0.70%/yr vs 0.78%/yr for DBE.
Performance
CARZ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, CARZ achieves a 32.79% return, which is significantly lower than DBE's 71.26% return. Over the past 10 years, CARZ has outperformed DBE with an annualized return of 14.17%, while DBE has yielded a comparatively lower 12.24% annualized 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%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $456.71K | $511.80K | $495.78K | |
| $1.27M | $1.08M | $1.67M |
CARZ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 32.79% | 37.18% | 3.26% | 42.47% | -31.25% | 18.09% | 54.66% | 11.39% | -23.91% | 25.47% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between CARZ and DBE is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 10, 2011 | 0.22 |
The correlation between CARZ and DBE shifts across timeframes, from -0.23 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CARZ vs. DBE — Risk / Return Rank
CARZ
DBE
CARZ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.50 | +0.72 |
| Martin ratioReturn relative to average drawdown | 11.66 | 7.82 | +3.84 |
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Drawdowns
CARZ vs. DBE - Drawdown Comparison
The maximum CARZ drawdown since its inception was -51.20%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for CARZ and DBE.
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Drawdown Indicators
| CARZ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -86.69% | +35.49% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -24.72% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -24.72% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -38.74% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.20% | -60.84% | +9.64% |
Current DrawdownCurrent decline from peak | -16.01% | -34.98% | +18.97% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -57.13% | +44.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 7.90% | -1.99% |
Volatility
CARZ vs. DBE - Volatility Comparison
The current volatility for First Trust NASDAQ Global Auto Index Fund (CARZ) is 11.77%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that CARZ experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CARZ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 15.07% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 27.69% | 34.26% | -6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.82% | 37.66% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.28% | 30.15% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 28.60% | -1.83% |
CARZ vs. DBE - Expense Ratio Comparison
CARZ has a 0.70% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
CARZ vs. DBE - Dividend Comparison
CARZ's dividend yield for the trailing twelve months is around 1.32%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CARZ and DBE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to CARZ (11.77%). In terms of maximum drawdown, CARZ dropped -51.20% vs DBE's -86.69%.
On 10-year performance, CARZ leads with 14.17% vs 12.24% for DBE. On fees, CARZ is cheaper at 0.70% per year. On volatility, CARZ has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CARZ has performed better with a 14.17% return vs 12.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CARZ is cheaper with a 0.70% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.26%, compared with 1.32% for CARZ.
CARZ is categorized as Consumer Discretionary Equities, while DBE is Oil & Gas. CARZ tracks NASDAQ OMX Global Automobile (TR), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for CARZ and 0.78% for DBE.
CARZ currently has the higher Sharpe Ratio (2.17 vs 1.64), 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.
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