CARZ vs. XLYI

Last updated Aug 2, 2026

CARZ (First Trust NASDAQ Global Auto Index Fund) and XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) are both exchange-traded funds - CARZ is a Consumer Discretionary Equities fund tracking the NASDAQ OMX Global Automobile (TR), while XLYI is a Derivative Income fund actively managed by State Street. CARZ is passively managed, while XLYI is actively managed. Over the past year, CARZ returned 66.56% vs 8.70% for XLYI. Their 0.57 correlation means they have sometimes moved together and sometimes differently. CARZ charges 0.70%/yr vs 0.35%/yr for XLYI.

Performance

CARZ vs. XLYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Global Auto Index Fund (CARZ) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARZ achieves a 31.11% return, which is significantly higher than XLYI's -0.31% return.

CARZ

• 1D: -0.24%
• 1M: -7.17%
• 6M: 20.80%
• YTD: 31.11%
• 1Y: 66.56%
• 3Y*: 22.13%
• 5Y*: 12.78%
• 10Y*: 14.32%
• ALL TIME*: 10.15%

XLYI

• 1D: 2.83%
• 1M: -0.39%
• 6M: -2.34%
• YTD: -0.31%
• 1Y: 8.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CARZ First Trust NASDAQ Global Auto Index Fund	$535.60K	$505.64K	$494.01K
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$81.44K	$62.05K	$59.61K

CARZ vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
CARZ First Trust NASDAQ Global Auto Index Fund	31.11%	21.70%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-0.31%	5.63%

Correlation

The correlation between CARZ and XLYI is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.57

The correlation between CARZ and XLYI has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.

CARZ vs. XLYI - Sectors Allocation Comparison

Sectors	CARZ	XLYI
Technology	69.1%	1.0%
Consumer Cyclical	16.3%	99.0%
Industrials	6.4%	-
Basic Materials	4.2%	-
Communication Services	4.1%	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.8%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CARZ vs. XLYI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CARZ

CARZ Risk / Return Rank: 81
CARZ Sharpe Ratio Rank: 85
CARZ Sortino Ratio Rank: 78
CARZ Omega Ratio Rank: 81
CARZ Calmar Ratio Rank: 81
CARZ Martin Ratio Rank: 82

XLYI

XLYI Risk / Return Rank: 20
XLYI Sharpe Ratio Rank: 20
XLYI Sortino Ratio Rank: 19
XLYI Omega Ratio Rank: 19
XLYI Calmar Ratio Rank: 21
XLYI Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CARZ vs. XLYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Global Auto Index Fund (CARZ) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). 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	XLYI	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.40	+1.61
Sortino ratio: Return per unit of downside risk	2.53	0.66	+1.88
Omega ratio: Gain probability vs. loss probability	1.34	1.08	+0.26
Calmar ratio: Return relative to maximum drawdown	2.98	0.53	+2.45
Martin ratio: Return relative to average drawdown	10.94	1.50	+9.44

CARZ vs. XLYI - Sharpe Ratio Comparison

The current CARZ Sharpe Ratio is 2.01, which is higher than the XLYI Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of CARZ and XLYI, 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. XLYI - Drawdown Comparison

The maximum CARZ drawdown since its inception was -51.20%, which is greater than XLYI's maximum drawdown of -12.32%. Use the drawdown chart below to compare losses from any high point for CARZ and XLYI.

Drawdown Indicators

	CARZ	XLYI	Difference
Max Drawdown Largest peak-to-trough decline	-51.20%	-12.32%	-38.88%
Max Drawdown (1Y) Largest decline over 1 year	-21.44%	-12.32%	-9.12%
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	-17.07%	-3.86%	-13.21%
Average Drawdown Average peak-to-trough decline	-12.87%	-3.29%	-9.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	4.33%	+1.50%

Volatility

CARZ vs. XLYI - Volatility Comparison

First Trust NASDAQ Global Auto Index Fund (CARZ) has a higher volatility of 12.06% compared to State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) at 6.42%. This indicates that CARZ's price experiences larger fluctuations and is considered to be riskier than XLYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARZ	XLYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.06%	6.42%	+5.64%
Volatility (6M) Calculated over the trailing 6-month period	27.80%	12.97%	+14.83%
Volatility (1Y) Calculated over the trailing 1-year period	31.88%	16.34%	+15.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.28%	16.32%	+12.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.77%	16.32%	+10.45%

CARZ vs. XLYI - Expense Ratio Comparison

CARZ has a 0.70% expense ratio, which is higher than XLYI's 0.35% expense ratio.

Dividends

CARZ vs. XLYI - Dividend Comparison

CARZ's dividend yield for the trailing twelve months is around 1.34%, less than XLYI's 14.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.34%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	14.79%	6.76%	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 XLYI in my portfolio?

CARZ and XLYI have a correlation of 0.57, 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 XLYI?

CARZ has higher volatility (12.06%) compared to XLYI (6.42%). In terms of maximum drawdown, CARZ dropped -51.20% vs XLYI's -12.32%.

Which ETF is better, CARZ or XLYI?

On 1-year performance, CARZ leads with 66.56% vs 8.70% for XLYI. On fees, XLYI is cheaper at 0.35% per year. On volatility, XLYI has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARZ or XLYI?

Over the 1-year period, CARZ has performed better with a 66.56% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARZ or XLYI?

XLYI is cheaper with a 0.35% expense ratio, compared with 0.70% for CARZ.

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

XLYI has the higher dividend yield at 14.79%, compared with 1.34% for CARZ.

What is the main difference between CARZ and XLYI?

CARZ is categorized as Consumer Discretionary Equities, while XLYI is Derivative Income. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.70% for CARZ and 0.35% for XLYI.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (2.01 vs 0.40), 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.