CARZ vs. XLK
Compare and contrast key facts about First Trust NASDAQ Global Auto Index Fund (CARZ) and Technology Select Sector SPDR Fund (XLK).
CARZ and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both CARZ and XLK 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 XLK.
Correlation
The correlation between CARZ and XLK is 0.70, 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. XLK - Performance Comparison
Key characteristics
CARZ:
-0.06
XLK:
0.22
CARZ:
0.13
XLK:
0.51
CARZ:
1.02
XLK:
1.07
CARZ:
-0.07
XLK:
0.25
CARZ:
-0.20
XLK:
0.83
CARZ:
9.53%
XLK:
7.78%
CARZ:
31.17%
XLK:
30.19%
CARZ:
-51.20%
XLK:
-82.05%
CARZ:
-17.22%
XLK:
-15.03%
Returns By Period
In the year-to-date period, CARZ achieves a -10.31% return, which is significantly higher than XLK's -11.50% return. Over the past 10 years, CARZ has underperformed XLK with an annualized return of 4.14%, while XLK has yielded a comparatively higher 18.34% annualized return.
CARZ
-10.31%
-10.13%
-9.07%
-4.65%
16.43%
4.14%
XLK
-11.50%
-5.92%
-10.03%
4.46%
19.37%
18.34%
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CARZ vs. XLK - Expense Ratio Comparison
CARZ has a 0.70% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
CARZ vs. XLK — Risk-Adjusted Performance Rank
CARZ
XLK
CARZ vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
CARZ's dividend yield for the trailing twelve months is around 1.17%, more than XLK's 0.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.17% | 1.17% | 1.40% | 1.59% | 2.26% | 0.63% | 3.23% | 2.85% | 2.10% | 2.48% | 1.64% | 1.69% |
XLK Technology Select Sector SPDR Fund | 0.76% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
CARZ vs. XLK - Drawdown Comparison
The maximum CARZ drawdown since its inception was -51.20%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for CARZ and XLK. For additional features, visit the drawdowns tool.
Volatility
CARZ vs. XLK - Volatility Comparison
First Trust NASDAQ Global Auto Index Fund (CARZ) and Technology Select Sector SPDR Fund (XLK) have volatilities of 19.93% and 19.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.