CARZ vs. IDRV
Compare and contrast key facts about First Trust NASDAQ Global Auto Index Fund (CARZ) and iShares Self-driving EV & Tech ETF (IDRV).
CARZ and IDRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CARZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Global Automobile (TR). It was launched on May 9, 2011. IDRV is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index. It was launched on Apr 16, 2019. Both CARZ and IDRV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARZ or IDRV.
Key characteristics
| CARZ | IDRV | |
|---|---|---|
| YTD Return | 1.25% | -13.79% |
| 1Y Return | 14.38% | -7.74% |
| 3Y Return (Ann) | -3.07% | -16.62% |
| 5Y Return (Ann) | 12.26% | 4.16% |
| Sharpe Ratio | 0.63 | -0.26 |
| Sortino Ratio | 1.00 | -0.19 |
| Omega Ratio | 1.12 | 0.98 |
| Calmar Ratio | 0.66 | -0.14 |
| Martin Ratio | 2.17 | -0.48 |
| Ulcer Index | 6.78% | 14.58% |
| Daily Std Dev | 23.35% | 27.02% |
| Max Drawdown | -51.20% | -50.37% |
| Current Drawdown | -9.49% | -42.87% |
Correlation
The correlation between CARZ and IDRV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CARZ vs. IDRV - Performance Comparison
In the year-to-date period, CARZ achieves a 1.25% return, which is significantly higher than IDRV's -13.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CARZ vs. IDRV - Expense Ratio Comparison
CARZ has a 0.70% expense ratio, which is higher than IDRV's 0.47% expense ratio.
Risk-Adjusted Performance
CARZ vs. IDRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and iShares Self-driving EV & Tech ETF (IDRV). 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.
Dividends
CARZ vs. IDRV - Dividend Comparison
CARZ's dividend yield for the trailing twelve months is around 1.07%, less than IDRV's 2.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.07% | 1.40% | 1.59% | 2.26% | 0.63% | 3.23% | 2.85% | 2.10% | 2.48% | 1.64% | 1.69% | 0.73% |
IDRV iShares Self-driving EV & Tech ETF | 2.45% | 2.17% | 2.29% | 1.11% | 0.69% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CARZ vs. IDRV - Drawdown Comparison
The maximum CARZ drawdown since its inception was -51.20%, roughly equal to the maximum IDRV drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for CARZ and IDRV. For additional features, visit the drawdowns tool.
Volatility
CARZ vs. IDRV - Volatility Comparison
The current volatility for First Trust NASDAQ Global Auto Index Fund (CARZ) is 4.51%, while iShares Self-driving EV & Tech ETF (IDRV) has a volatility of 7.61%. This indicates that CARZ experiences smaller price fluctuations and is considered to be less risky than IDRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.