DVXY vs. CARZ
DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - DVXY tracks the Syntax Defined Volatility XLY Index while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. DVXY charges 0.89%/yr vs 0.70%/yr for CARZ.
Performance
DVXY vs. CARZ - Performance Comparison
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Returns By Period
In the year-to-date period, DVXY achieves a -12.70% return, which is significantly lower than CARZ's 45.91% return.
DVXY
- 1D
- -1.04%
- 1M
- -6.12%
- YTD
- -12.70%
- 6M
- -16.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARZ
- 1D
- -6.26%
- 1M
- -0.36%
- YTD
- 45.91%
- 6M
- 45.04%
- 1Y
- 96.22%
- 3Y*
- 30.25%
- 5Y*
- 14.87%
- 10Y*
- 16.27%
DVXY vs. CARZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF | -12.70% | 1.31% |
CARZ First Trust NASDAQ Global Auto Index Fund | 45.91% | 22.00% |
Correlation
The correlation between DVXY and CARZ is 0.62, 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 23, 2025 | 0.62 |
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Return for Risk
DVXY vs. CARZ — Risk / Return Rank
DVXY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CARZ
DVXY vs. CARZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) and First Trust NASDAQ Global Auto Index Fund (CARZ). 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.
| DVXY | CARZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.53 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.70 | — |
| Martin ratioReturn relative to average drawdown | — | 24.83 | — |
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Drawdowns
DVXY vs. CARZ - Drawdown Comparison
The maximum DVXY drawdown since its inception was -23.09%, smaller than the maximum CARZ drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for DVXY and CARZ.
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Drawdown Indicators
| DVXY | CARZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -51.20% | +28.11% |
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 DrawdownCurrent decline from peak | -18.78% | -7.71% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -12.87% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.89% | — |
Volatility
DVXY vs. CARZ - Volatility Comparison
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Volatility by Period
| DVXY | CARZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.09% | 29.42% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 28.81% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 26.54% | +0.55% |
DVXY vs. CARZ - Expense Ratio Comparison
DVXY has a 0.89% expense ratio, which is higher than CARZ's 0.70% expense ratio.
Dividends
DVXY vs. CARZ - Dividend Comparison
DVXY has not paid dividends to shareholders, while CARZ's dividend yield for the trailing twelve months is around 1.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARZ First Trust NASDAQ Global Auto Index Fund | 1.46% | 2.13% | 1.17% | 1.40% | 1.59% | 2.25% | 0.63% | 3.23% | 2.85% | 2.11% | 2.47% | 1.64% |
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF | 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
DVXY and CARZ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CARZ is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CARZ is cheaper with a 0.70% expense ratio, compared with 0.89% for DVXY.
CARZ has the higher dividend yield at 1.46%, compared with 0.00% for DVXY.
DVXY tracks Syntax Defined Volatility XLY Index, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: WEBs and First Trust. Their fees differ too: 0.89% for DVXY and 0.70% for CARZ.
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