CARZ vs. GXPD
CARZ (First Trust NASDAQ Global Auto Index Fund) and GXPD (Global X PureCap MSCI Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - CARZ tracks the NASDAQ OMX Global Automobile (TR) while GXPD tracks the MSCI USA Consumer Discretionary PureCap Index. Both are passively managed. Over the past year, CARZ returned 66.56% vs 10.32% for GXPD. Their 0.57 correlation means they have sometimes moved together and sometimes differently. CARZ charges 0.70%/yr vs 0.15%/yr for GXPD.
Performance
CARZ vs. GXPD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CARZ achieves a 31.11% return, which is significantly higher than GXPD's -0.23% return.
CARZ
- 1D
- -0.24%
- 1M
- -7.17%
- 6M
- 20.80%
- YTD
- 31.11%
- 1Y
- 66.56%
- 3Y*
- 22.13%
- 5Y*
- 12.78%
- 10Y*
- 14.32%
- ALL TIME*
- 10.15%
GXPD
- 1D
- 5.81%
- 1M
- 0.88%
- 6M
- -1.81%
- YTD
- -0.23%
- 1Y
- 10.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $535.60K | $505.64K | $494.01K | |
| $4.13M | $2.16M | $1.71M |
CARZ vs. GXPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 31.11% | 22.00% |
GXPD Global X PureCap MSCI Consumer Discretionary ETF | -0.23% | 5.36% |
Correlation
The correlation between CARZ and GXPD is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.57 |
The correlation between CARZ and GXPD has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARZ vs. GXPD — Risk / Return Rank
CARZ
GXPD
CARZ vs. GXPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Global X PureCap MSCI Consumer Discretionary ETF (GXPD). 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 | GXPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 0.40 | +2.58 |
| Martin ratioReturn relative to average drawdown | 10.94 | 1.07 | +9.86 |
Loading charts...
Drawdowns
CARZ vs. GXPD - Drawdown Comparison
The maximum CARZ drawdown since its inception was -51.20%, which is greater than GXPD's maximum drawdown of -16.61%. Use the drawdown chart below to compare losses from any high point for CARZ and GXPD.
Loading charts...
Drawdown Indicators
| CARZ | GXPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -16.61% | -34.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -16.61% | -4.83% |
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 DrawdownCurrent decline from peak | -17.07% | -4.86% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -4.71% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.83% | 6.15% | -0.32% |
Volatility
CARZ vs. GXPD - Volatility Comparison
First Trust NASDAQ Global Auto Index Fund (CARZ) has a higher volatility of 12.06% compared to Global X PureCap MSCI Consumer Discretionary ETF (GXPD) at 9.09%. This indicates that CARZ's price experiences larger fluctuations and is considered to be riskier than GXPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CARZ | GXPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 9.09% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.80% | 16.76% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.88% | 21.74% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.28% | 21.56% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 21.56% | +5.21% |
CARZ vs. GXPD - Expense Ratio Comparison
CARZ has a 0.70% expense ratio, which is higher than GXPD's 0.15% expense ratio.
Dividends
CARZ vs. GXPD - Dividend Comparison
CARZ's dividend yield for the trailing twelve months is around 1.34%, more than GXPD's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.34% | 2.13% | 1.17% | 1.40% | 1.59% | 2.25% | 0.63% | 3.23% | 2.85% | 2.11% | 2.47% | 1.64% |
GXPD Global X PureCap MSCI Consumer Discretionary ETF | 0.34% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CARZ and GXPD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARZ has higher volatility (12.06%) compared to GXPD (9.09%). In terms of maximum drawdown, CARZ dropped -51.20% vs GXPD's -16.61%.
On 1-year performance, CARZ leads with 66.56% vs 10.32% for GXPD. On fees, GXPD is cheaper at 0.15% per year. On volatility, GXPD has been the lower-risk option at 9.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CARZ has performed better with a 66.56% return vs 10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPD is cheaper with a 0.15% expense ratio, compared with 0.70% for CARZ.
CARZ has the higher dividend yield at 1.34%, compared with 0.34% for GXPD.
CARZ tracks NASDAQ OMX Global Automobile (TR), while GXPD tracks MSCI USA Consumer Discretionary PureCap Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.70% for CARZ and 0.15% for GXPD.
CARZ currently has the higher Sharpe Ratio (2.01 vs 0.30), 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.
Find the right allocation for CARZ and GXPD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer