CARZ vs. GM

Last updated Jun 3, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) is Consumer Discretionary Equities fund tracking the NASDAQ OMX Global Automobile (TR), while GM (General Motors Company) is a stock. Over the past 10 years, CARZ returned 16.53%/yr vs 13.01%/yr for GM. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

CARZ vs. GM - Performance Comparison

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

Returns By Period

In the year-to-date period, CARZ achieves a 58.10% return, which is significantly higher than GM's 0.74% return. Over the past 10 years, CARZ has outperformed GM with an annualized return of 16.53%, while GM has yielded a comparatively lower 13.01% annualized return.

CARZ

• 1D: 2.83%
• 1M: 18.55%
• YTD: 58.10%
• 6M: 63.30%
• 1Y: 118.34%
• 3Y*: 34.35%
• 5Y*: 16.84%
• 10Y*: 16.53%

GM

• 1D: -1.15%
• 1M: 7.87%
• YTD: 0.74%
• 6M: 11.44%
• 1Y: 73.12%
• 3Y*: 34.87%
• 5Y*: 6.00%
• 10Y*: 13.01%

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

CARZ vs. GM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CARZ First Trust NASDAQ Global Auto Index Fund	58.10%	37.18%	3.26%	42.47%	-31.25%	18.09%	54.66%	11.39%	-23.91%	25.47%
GM General Motors Company	0.74%	54.24%	49.84%	7.92%	-42.36%	40.80%	15.16%	14.02%	-15.06%	22.51%

Correlation

The correlation between CARZ and GM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 11, 2011	0.57

The correlation between CARZ and GM shifts across timeframes, from 0.38 (1 year) to 0.58 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CARZ vs. GM — Risk / Return Rank

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

CARZ

CARZ Risk / Return Rank: 95
CARZ Sharpe Ratio Rank: 97
CARZ Sortino Ratio Rank: 95
CARZ Omega Ratio Rank: 94
CARZ Calmar Ratio Rank: 95
CARZ Martin Ratio Rank: 96

GM

GM Risk / Return Rank: 88
GM Sharpe Ratio Rank: 88
GM Sortino Ratio Rank: 89
GM Omega Ratio Rank: 88
GM Calmar Ratio Rank: 88
GM Martin Ratio Rank: 87

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. GM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and General Motors Company (GM). 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.

	CARZ	GM	Difference
Sharpe ratio Return per unit of total volatility	4.62	2.13	+2.49
Sortino ratio Return per unit of downside risk	5.26	3.15	+2.10
Omega ratio Gain probability vs. loss probability	1.71	1.40	+0.31
Calmar ratio Return relative to maximum drawdown	8.16	4.15	+4.01
Martin ratio Return relative to average drawdown	33.04	10.31	+22.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CARZ vs. GM - Sharpe Ratio Comparison

The current CARZ Sharpe Ratio is 4.62, which is higher than the GM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of CARZ and GM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CARZ	GM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.62	2.13	+2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.16	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.35	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.23	+0.23

Drawdowns

CARZ vs. GM - Drawdown Comparison

The maximum CARZ drawdown since its inception was -51.20%, smaller than the maximum GM drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for CARZ and GM.

Drawdown Indicators

	CARZ	GM	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	-59.96%	+8.76%
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	-16.00%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-27.84%	-34.02%	+6.18%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-58.96%	+18.66%
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	-59.96%	+8.76%
Current Drawdown Current decline from peak	0.00%	-5.16%	+5.16%
Average Drawdown Average peak-to-trough decline	-12.90%	-21.54%	+8.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	6.44%	-2.87%

Volatility

CARZ vs. GM - Volatility Comparison

The current volatility for First Trust NASDAQ Global Auto Index Fund (CARZ) is 10.21%, while General Motors Company (GM) has a volatility of 11.27%. This indicates that CARZ experiences smaller price fluctuations and is considered to be less risky than GM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARZ	GM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.21%	11.27%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	20.31%	23.55%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	25.79%	34.82%	-9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	36.69%	-8.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.28%	36.91%	-10.63%

Dividends

CARZ vs. GM - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.35%, more than GM's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.35%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
GM General Motors Company	0.77%	0.70%	0.90%	1.00%	0.54%	0.00%	0.91%	4.15%	4.54%	3.71%	4.36%	4.06%

Frequently Asked Questions

Can I hold both CARZ and GM in my portfolio?

CARZ and GM have a correlation of 0.38, 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 GM?

GM has higher volatility (11.27%) compared to CARZ (10.21%). In terms of maximum drawdown, CARZ dropped -51.20% vs GM's -59.96%.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (4.62 vs 2.13), 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.