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. A 0.62 correlation means they provide meaningful diversification when combined. CARZ charges 0.70%/yr vs 0.15%/yr for GXPD.
Performance
CARZ vs. GXPD - Performance Comparison
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Returns By Period
In the year-to-date period, CARZ achieves a 55.03% return, which is significantly higher than GXPD's -0.87% return.
CARZ
- 1D
- -1.58%
- 1M
- 13.96%
- YTD
- 55.03%
- 6M
- 57.92%
- 1Y
- 110.10%
- 3Y*
- 33.87%
- 5Y*
- 15.95%
- 10Y*
- 16.21%
GXPD
- 1D
- -0.87%
- 1M
- -2.13%
- YTD
- -0.87%
- 6M
- -0.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARZ vs. GXPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 55.03% | 21.00% |
GXPD Global X PureCap MSCI Consumer Discretionary ETF | -0.87% | 5.44% |
Correlation
The correlation between CARZ and GXPD is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.62 |
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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.
| CARZ | GXPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.66 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.67 | — | — |
| Martin ratioReturn relative to average drawdown | 30.97 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CARZ | GXPD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.28 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.26 | +0.19 |
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.
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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 | -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 DrawdownCurrent decline from peak | -1.94% | -5.48% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -4.27% | -8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | — | — |
Volatility
CARZ vs. GXPD - Volatility Comparison
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Volatility by Period
| CARZ | GXPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.86% | 20.01% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.11% | 20.01% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 20.01% | +6.26% |
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 1.38%, more than GXPD's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.38% | 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 | 0.19% | 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 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPD is cheaper with a 0.15% expense ratio, compared with 0.70% for CARZ.
CARZ has the higher dividend yield at 1.38%, compared with 0.19% 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.
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