CARZ vs. TMH

Last updated Jun 4, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) and TMH (Toyota Motor Corporation ADRhedged) are both Consumer Discretionary Equities funds - CARZ tracks the NASDAQ OMX Global Automobile (TR) while TMH tracks the Toyota Motor Corporation Local Shares Total Return. Both are passively managed. At a correlation of -0.40, they often move in opposite directions. CARZ charges 0.70%/yr vs 0.19%/yr for TMH.

Performance

CARZ vs. TMH - Performance Comparison

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

Returns By Period

CARZ

• 1D: -0.37%
• 1M: 19.08%
• YTD: 57.52%
• 6M: 60.74%
• 1Y: 116.25%
• 3Y*: 34.19%
• 5Y*: 16.32%
• 10Y*: 16.49%

TMH

• 1D: -0.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARZ vs. TMH - Yearly Performance Comparison

	2026 (YTD)
CARZ First Trust NASDAQ Global Auto Index Fund	2.83%
TMH Toyota Motor Corporation ADRhedged	-5.59%

Correlation

The correlation between CARZ and TMH is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.40

Return for Risk

CARZ vs. TMH — 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: 97
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. TMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Toyota Motor Corporation ADRhedged (TMH). 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	TMH	Difference
Sharpe ratio: Return per unit of total volatility	4.53	—	—
Sortino ratio: Return per unit of downside risk	5.19	—	—
Omega ratio: Gain probability vs. loss probability	1.70	—	—
Calmar ratio: Return relative to maximum drawdown	8.10	—	—
Martin ratio: Return relative to average drawdown	32.71	—	—
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	TMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	-5.39	+5.85

Drawdowns

CARZ vs. TMH - Drawdown Comparison

The maximum CARZ drawdown since its inception was -51.20%, which is greater than TMH's maximum drawdown of -5.59%. Use the drawdown chart below to compare losses from any high point for CARZ and TMH.

Drawdown Indicators

	CARZ	TMH	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	-5.59%	-45.61%
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	-0.37%	-5.59%	+5.22%
Average Drawdown Average peak-to-trough decline	-12.90%	-4.22%	-8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	—	—

Volatility

Volatility by Period

	CARZ	TMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.79%	20.85%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	20.85%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.27%	20.85%	+5.42%

CARZ vs. TMH - Expense Ratio Comparison

CARZ has a 0.70% expense ratio, which is higher than TMH's 0.19% expense ratio.

Dividends

CARZ vs. TMH - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.35%, while TMH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.35%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
TMH Toyota Motor Corporation ADRhedged	0.00%	0.00%	0.00%	0.00%	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 TMH in my portfolio?

CARZ and TMH have a correlation of -0.40, 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 TMH?

On fees, TMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CARZ or TMH?

TMH is cheaper with a 0.19% expense ratio, compared with 0.70% for CARZ.

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

CARZ has the higher dividend yield at 1.35%, compared with 0.00% for TMH.

What is the main difference between CARZ and TMH?

CARZ tracks NASDAQ OMX Global Automobile (TR), while TMH tracks Toyota Motor Corporation Local Shares Total Return. They also come from different issuers: First Trust and ADRhedged. Their fees differ too: 0.70% for CARZ and 0.19% for TMH.