CARZ vs. XLYI

Last updated Jul 14, 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. A 0.61 correlation means they provide meaningful diversification when combined. 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 37.83% return, which is significantly higher than XLYI's -0.73% return.

CARZ

• 1D: -3.25%
• 1M: -7.39%
• 6M: 28.29%
• YTD: 37.83%
• 1Y: 72.79%
• 3Y*: 24.42%
• 5Y*: 14.20%
• 10Y*: 14.96%

XLYI

• 1D: -1.08%
• 1M: 0.69%
• 6M: -4.22%
• YTD: -0.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARZ vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
CARZ First Trust NASDAQ Global Auto Index Fund	37.83%	21.70%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-0.73%	5.63%

Correlation

The correlation between CARZ and XLYI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.61

CARZ vs. XLYI - Sectors Allocation Comparison

Sectors	CARZ	XLYI
Technology	34.3%	-
Consumer Cyclical	21.9%	-
Industrials	8.6%	-
Basic Materials	6.7%	-
Communication Services	1.9%	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.2%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CARZ vs. XLYI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARZ

CARZ Risk / Return Rank: 88
CARZ Sharpe Ratio Rank: 90
CARZ Sortino Ratio Rank: 81
CARZ Omega Ratio Rank: 84
CARZ Calmar Ratio Rank: 93
CARZ Martin Ratio Rank: 91

XLYI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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	2.40	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	5.07	—	—
Martin ratio: Return relative to average drawdown	16.53	—	—

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	-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	-12.82%	-4.27%	-8.55%
Average Drawdown Average peak-to-trough decline	-12.86%	-3.14%	-9.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	—	—

Volatility

Volatility by Period

	CARZ	XLYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.58%	15.73%	+14.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.09%	15.73%	+13.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	15.73%	+10.90%

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 1.27%, less than XLYI's 14.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.27%	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	14.86%	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 0.61, 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 XLYI?

On fees, XLYI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 14.86%, compared with 1.27% 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.