CARZ vs. KLXY

Last updated Jun 5, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) and KLXY (Kraneshares Global Luxury Index ETF) are both Consumer Discretionary Equities funds - CARZ tracks the NASDAQ OMX Global Automobile (TR) while KLXY tracks the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. CARZ charges 0.70%/yr vs 0.69%/yr for KLXY.

Performance

CARZ vs. KLXY - Performance Comparison

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

Returns By Period

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%

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARZ vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CARZ First Trust NASDAQ Global Auto Index Fund	55.03%	37.18%	3.26%	7.53%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between CARZ and KLXY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.51

The correlation between CARZ and KLXY shifts across timeframes, from 0.35 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

CARZ vs. KLXY - Sectors Allocation Comparison

Sectors	CARZ	KLXY
Technology	60.6%	-
Consumer Cyclical	19.5%	73.2%
Industrials	8.1%	-
Basic Materials	6.6%	-
Communication Services	5.1%	-
Consumer Defensive	-	21.8%
Energy	-	-
Financial Services	-	-
Healthcare	-	4.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

CARZ vs. KLXY — 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: 96
CARZ Sortino Ratio Rank: 95
CARZ Omega Ratio Rank: 94
CARZ Calmar Ratio Rank: 95
CARZ Martin Ratio Rank: 95

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. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Kraneshares Global Luxury Index ETF (KLXY). 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	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	4.28	—	—
Sortino ratio: Return per unit of downside risk	4.98	—	—
Omega ratio: Gain probability vs. loss probability	1.66	—	—
Calmar ratio: Return relative to maximum drawdown	7.67	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	CARZ	KLXY	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	—	—

Drawdowns

Drawdown Indicators

	CARZ	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	—	—
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 Drawdown Current decline from peak	-1.94%	—	—
Average Drawdown Average peak-to-trough decline	-12.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	—	—

Volatility

Volatility by Period

	CARZ	KLXY	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.27%	—	—

CARZ vs. KLXY - Expense Ratio Comparison

CARZ has a 0.70% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

CARZ vs. KLXY - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.38%, more than KLXY's 0.85% 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%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CARZ and KLXY in my portfolio?

CARZ and KLXY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CARZ or KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CARZ or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.70% for CARZ.

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

CARZ has the higher dividend yield at 1.38%, compared with 0.85% for KLXY.

What is the main difference between CARZ and KLXY?

CARZ tracks NASDAQ OMX Global Automobile (TR), while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. They also come from different issuers: First Trust and KraneShares. Their fees differ too: 0.70% for CARZ and 0.69% for KLXY.