CARZ vs. EATZ

Last updated Jul 14, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) and EATZ (AdvisorShares Restaurant ETF) are both Consumer Discretionary Equities funds. CARZ is passively managed, while EATZ is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. CARZ charges 0.70%/yr vs 1.00%/yr for EATZ.

Performance

CARZ vs. EATZ - 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 Restaurant ETF (EATZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CARZ

• 1D: -3.25%
• 1M: -7.39%
• 6M: 28.29%
• YTD: 37.83%
• 1Y: 72.79%
• 3Y*: 24.42%
• 5Y*: 14.20%
• 10Y*: 14.96%

EATZ

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARZ vs. EATZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CARZ First Trust NASDAQ Global Auto Index Fund	37.83%	37.18%	3.26%	42.47%	-31.25%	5.72%
EATZ AdvisorShares Restaurant ETF	4.80%	-6.67%	23.21%	25.23%	-20.68%	-4.90%

Correlation

The correlation between CARZ and EATZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.53

Over the past year, the correlation between CARZ and EATZ has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

CARZ vs. EATZ - Sectors Allocation Comparison

Sectors	CARZ	EATZ
Technology	34.3%	-
Consumer Cyclical	21.9%	78.2%
Industrials	8.6%	4.9%
Basic Materials	6.7%	-
Communication Services	1.9%	2.3%
Consumer Defensive	-	16.9%
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CARZ vs. EATZ — Risk / Return Rank

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

CARZ

CARZ Risk / Return Rank: 88
CARZ Sharpe Ratio Rank: 90
CARZ Sortino Ratio Rank: 81
CARZ Omega Ratio Rank: 84
CARZ Calmar Ratio Rank: 93
CARZ Martin Ratio Rank: 91

EATZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CARZ vs. EATZ - 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 Restaurant ETF (EATZ). 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	EATZ	Difference
Sharpe ratio: Return per unit of total volatility	2.40	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	5.07	—	—
Martin ratio: Return relative to average drawdown	16.53	—	—

Drawdowns

Drawdown Indicators

	CARZ	EATZ	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	—	—
Current Drawdown Current decline from peak	-12.82%	—	—
Average Drawdown Average peak-to-trough decline	-12.86%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	—	—

Volatility

Volatility by Period

	CARZ	EATZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.58%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	—	—

CARZ vs. EATZ - Expense Ratio Comparison

CARZ has a 0.70% expense ratio, which is lower than EATZ's 1.00% expense ratio.

Dividends

CARZ vs. EATZ - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.27%, more than EATZ's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.27%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
EATZ AdvisorShares Restaurant ETF	0.48%	0.50%	0.18%	0.49%	2.35%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CARZ and EATZ in my portfolio?

CARZ and EATZ 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 ETF is better, CARZ or EATZ?

On fees, CARZ is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CARZ or EATZ?

CARZ is cheaper with a 0.70% expense ratio, compared with 1.00% for EATZ.

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

CARZ has the higher dividend yield at 1.27%, compared with 0.48% for EATZ.

What is the main difference between CARZ and EATZ?

They also come from different issuers: First Trust and AdvisorShares. Their fees differ too: 0.70% for CARZ and 1.00% for EATZ.