CARZ vs. IDRV

Last updated Jun 24, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) and IDRV (iShares Self-Driving EV and Tech ETF) are both exchange-traded funds - CARZ is a Consumer Discretionary Equities fund tracking the NASDAQ OMX Global Automobile (TR), while IDRV is a Technology Equities fund tracking the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index. Both are passively managed. Over the past 5 years, CARZ returned 14.87%/yr vs -2.98%/yr for IDRV. Their correlation of 0.83 suggests significant overlap in exposure. CARZ charges 0.70%/yr vs 0.48%/yr for IDRV.

Performance

CARZ vs. IDRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Global Auto Index Fund (CARZ) and iShares Self-Driving EV and Tech ETF (IDRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARZ achieves a 45.91% return, which is significantly higher than IDRV's 1.49% return.

CARZ

• 1D: -6.26%
• 1M: -0.36%
• YTD: 45.91%
• 6M: 45.04%
• 1Y: 96.22%
• 3Y*: 30.25%
• 5Y*: 14.87%
• 10Y*: 16.27%

IDRV

• 1D: -3.97%
• 1M: -9.94%
• YTD: 1.49%
• 6M: 0.18%
• 1Y: 29.70%
• 3Y*: 2.08%
• 5Y*: -2.98%
• 10Y*: —

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

CARZ vs. IDRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CARZ First Trust NASDAQ Global Auto Index Fund	45.91%	37.18%	3.26%	42.47%	-31.25%	18.09%	54.66%	-3.50%
IDRV iShares Self-Driving EV and Tech ETF	1.49%	32.24%	-16.05%	7.83%	-36.37%	26.99%	59.46%	7.24%

Correlation

The correlation between CARZ and IDRV is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.83

The correlation between CARZ and IDRV has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

CARZ vs. IDRV - Sectors Allocation Comparison

Sectors	CARZ	IDRV
Technology	34.6%	2.0%
Consumer Cyclical	21.5%	56.7%
Industrials	7.5%	24.5%
Basic Materials	6.5%	16.8%
Communication Services	1.9%	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CARZ vs. IDRV — Risk / Return Rank

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

CARZ

CARZ Risk / Return Rank: 92
CARZ Sharpe Ratio Rank: 94
CARZ Sortino Ratio Rank: 88
CARZ Omega Ratio Rank: 89
CARZ Calmar Ratio Rank: 94
CARZ Martin Ratio Rank: 94

IDRV

IDRV Risk / Return Rank: 36
IDRV Sharpe Ratio Rank: 33
IDRV Sortino Ratio Rank: 31
IDRV Omega Ratio Rank: 32
IDRV Calmar Ratio Rank: 41
IDRV Martin Ratio Rank: 43

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. IDRV - Risk-Adjusted Trends 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 and 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.

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	IDRV	Difference
Sharpe ratio: Return per unit of total volatility	3.29	1.12	+2.17
Sortino ratio: Return per unit of downside risk	3.72	1.60	+2.13
Omega ratio: Gain probability vs. loss probability	1.53	1.21	+0.32
Calmar ratio: Return relative to maximum drawdown	6.70	1.94	+4.76
Martin ratio: Return relative to average drawdown	24.83	6.69	+18.14

CARZ vs. IDRV - Sharpe Ratio Comparison

The current CARZ Sharpe Ratio is 3.29, which is higher than the IDRV Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of CARZ and IDRV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARZ vs. IDRV - Drawdown Comparison

The maximum CARZ drawdown since its inception was -51.20%, roughly equal to the maximum IDRV drawdown of -53.00%. Use the drawdown chart below to compare losses from any high point for CARZ and IDRV.

Drawdown Indicators

	CARZ	IDRV	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	-53.00%	+1.80%
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	-15.37%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-27.84%	-44.00%	+16.16%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-53.00%	+12.70%
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	—	—
Current Drawdown Current decline from peak	-7.71%	-25.33%	+17.62%
Average Drawdown Average peak-to-trough decline	-12.87%	-22.35%	+9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	4.45%	-0.56%

Volatility

CARZ vs. IDRV - Volatility Comparison

First Trust NASDAQ Global Auto Index Fund (CARZ) has a higher volatility of 16.09% compared to iShares Self-Driving EV and Tech ETF (IDRV) at 11.47%. This indicates that CARZ's price experiences larger fluctuations and is considered to be riskier than IDRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARZ	IDRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.09%	11.47%	+4.62%
Volatility (6M) Calculated over the trailing 6-month period	24.90%	21.60%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	29.42%	26.60%	+2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.81%	28.08%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.54%	28.26%	-1.72%

CARZ vs. IDRV - Expense Ratio Comparison

CARZ has a 0.70% expense ratio, which is higher than IDRV's 0.48% expense ratio.

Dividends

CARZ vs. IDRV - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.46%, less than IDRV's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.46%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
IDRV iShares Self-Driving EV and Tech ETF	1.68%	1.70%	2.68%	2.17%	2.29%	1.12%	0.69%	1.29%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CARZ and IDRV in my portfolio?

CARZ and IDRV have a correlation of 0.80, 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 IDRV?

CARZ has higher volatility (16.09%) compared to IDRV (11.47%). In terms of maximum drawdown, CARZ dropped -51.20% vs IDRV's -53.00%.

Which ETF is better, CARZ or IDRV?

On 5-year performance, CARZ leads with 14.87% vs -2.98% for IDRV. On fees, IDRV is cheaper at 0.48% per year. On volatility, IDRV has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARZ or IDRV?

Over the 5-year period, CARZ has performed better with a 14.87% return vs -2.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARZ or IDRV?

IDRV is cheaper with a 0.48% expense ratio, compared with 0.70% for CARZ.

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

IDRV has the higher dividend yield at 1.68%, compared with 1.46% for CARZ.

What is the main difference between CARZ and IDRV?

CARZ is categorized as Consumer Discretionary Equities, while IDRV is Technology Equities. CARZ tracks NASDAQ OMX Global Automobile (TR), while IDRV tracks NYSE FactSet Global Autonomous Driving and Electric Vehicle Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for CARZ and 0.48% for IDRV.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (3.29 vs 1.12), 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.