CARZ vs. VOO
Compare and contrast key facts about First Trust NASDAQ Global Auto Index Fund (CARZ) and Vanguard S&P 500 ETF (VOO).
CARZ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both CARZ and VOO 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 VOO.
Key characteristics
| CARZ | VOO | |
|---|---|---|
| YTD Return | 2.37% | 26.94% |
| 1Y Return | 11.30% | 35.06% |
| 3Y Return (Ann) | -2.35% | 10.23% |
| 5Y Return (Ann) | 12.70% | 15.77% |
| 10Y Return (Ann) | 6.51% | 13.41% |
| Sharpe Ratio | 0.69 | 3.08 |
| Sortino Ratio | 1.08 | 4.09 |
| Omega Ratio | 1.13 | 1.58 |
| Calmar Ratio | 0.82 | 4.46 |
| Martin Ratio | 2.36 | 20.36 |
| Ulcer Index | 6.87% | 1.85% |
| Daily Std Dev | 23.46% | 12.23% |
| Max Drawdown | -51.20% | -33.99% |
| Current Drawdown | -8.49% | -0.25% |
Correlation
The correlation between CARZ and VOO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CARZ vs. VOO - Performance Comparison
In the year-to-date period, CARZ achieves a 2.37% return, which is significantly lower than VOO's 26.94% return. Over the past 10 years, CARZ has underperformed VOO with an annualized return of 6.51%, while VOO has yielded a comparatively higher 13.41% annualized 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. VOO - Expense Ratio Comparison
CARZ has a 0.70% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CARZ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
CARZ's dividend yield for the trailing twelve months is around 1.06%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.06% | 1.40% | 1.59% | 2.26% | 0.63% | 3.23% | 2.85% | 2.10% | 2.48% | 1.64% | 1.69% | 0.73% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CARZ vs. VOO - Drawdown Comparison
The maximum CARZ drawdown since its inception was -51.20%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CARZ and VOO. For additional features, visit the drawdowns tool.
Volatility
CARZ vs. VOO - Volatility Comparison
First Trust NASDAQ Global Auto Index Fund (CARZ) has a higher volatility of 4.77% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that CARZ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.