EBIZ vs. CARZ

Last updated Jun 4, 2026

EBIZ (Global X E-commerce ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - EBIZ tracks the Solactive E-commerce Index while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. Over the past 5 years, EBIZ returned -3.65%/yr vs 16.32%/yr for CARZ. A 0.65 correlation means they provide meaningful diversification when combined. EBIZ charges 0.50%/yr vs 0.70%/yr for CARZ.

Performance

EBIZ vs. CARZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X E-commerce ETF (EBIZ) and First Trust NASDAQ Global Auto Index Fund (CARZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIZ achieves a -15.29% return, which is significantly lower than CARZ's 57.52% return.

EBIZ

• 1D: -2.05%
• 1M: -2.71%
• YTD: -15.29%
• 6M: -15.50%
• 1Y: -8.74%
• 3Y*: 17.16%
• 5Y*: -3.65%
• 10Y*: —

CARZ

• 1D: -0.37%
• 1M: 19.08%
• YTD: 57.52%
• 6M: 60.74%
• 1Y: 116.25%
• 3Y*: 34.19%
• 5Y*: 16.32%
• 10Y*: 16.49%

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

EBIZ vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EBIZ Global X E-commerce ETF	-15.29%	17.74%	31.26%	30.88%	-40.96%	-13.26%	74.39%	32.76%	-11.01%
CARZ First Trust NASDAQ Global Auto Index Fund	57.52%	37.18%	3.26%	42.47%	-31.25%	18.09%	54.66%	11.39%	-7.03%

Correlation

The correlation between EBIZ and CARZ is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018	0.65

The correlation between EBIZ and CARZ shifts across timeframes, from 0.56 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

EBIZ vs. CARZ - Sectors Allocation Comparison

Sectors	EBIZ	CARZ
Consumer Cyclical	75.6%	19.5%
Technology	13.2%	60.6%
Industrials	4.6%	8.1%
Real Estate	2.6%	-
Healthcare	2.1%	-
Communication Services	1.6%	5.1%
Financial Services	0.3%	-
Basic Materials	-	6.6%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

EBIZ vs. CARZ — Risk / Return Rank

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

EBIZ

EBIZ Risk / Return Rank: 5
EBIZ Sharpe Ratio Rank: 5
EBIZ Sortino Ratio Rank: 5
EBIZ Omega Ratio Rank: 5
EBIZ Calmar Ratio Rank: 6
EBIZ Martin Ratio Rank: 6

CARZ

CARZ Risk / Return Rank: 95
CARZ Sharpe Ratio Rank: 97
CARZ Sortino Ratio Rank: 95
CARZ Omega Ratio Rank: 94
CARZ Calmar Ratio Rank: 95
CARZ Martin Ratio Rank: 95

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.

EBIZ vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce ETF (EBIZ) 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.

	EBIZ	CARZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	4.53	-4.98
Sortino ratio: Return per unit of downside risk	-0.49	5.19	-5.69
Omega ratio: Gain probability vs. loss probability	0.94	1.70	-0.75
Calmar ratio: Return relative to maximum drawdown	-0.32	8.10	-8.41
Martin ratio: Return relative to average drawdown	-0.65	32.71	-33.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIZ vs. CARZ - Sharpe Ratio Comparison

The current EBIZ Sharpe Ratio is -0.44, which is lower than the CARZ Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of EBIZ and CARZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBIZ	CARZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	4.53	-4.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.58	-0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.46	-0.17

Drawdowns

EBIZ vs. CARZ - Drawdown Comparison

The maximum EBIZ drawdown since its inception was -61.58%, which is greater than CARZ's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for EBIZ and CARZ.

Drawdown Indicators

	EBIZ	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-61.58%	-51.20%	-10.38%
Max Drawdown (1Y) Largest decline over 1 year	-27.73%	-14.44%	-13.29%
Max Drawdown (3Y) Largest decline over 3 years	-27.73%	-27.84%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-58.21%	-40.30%	-17.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.20%	—
Current Drawdown Current decline from peak	-25.77%	-0.37%	-25.40%
Average Drawdown Average peak-to-trough decline	-24.33%	-12.90%	-11.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.41%	3.57%	+9.84%

Volatility

EBIZ vs. CARZ - Volatility Comparison

The current volatility for Global X E-commerce ETF (EBIZ) is 5.39%, while First Trust NASDAQ Global Auto Index Fund (CARZ) has a volatility of 10.14%. This indicates that EBIZ experiences smaller price fluctuations and is considered to be less risky than CARZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIZ	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	10.14%	-4.75%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	20.31%	-5.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	25.79%	-5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.90%	28.11%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	26.27%	+2.41%

EBIZ vs. CARZ - Expense Ratio Comparison

EBIZ has a 0.50% expense ratio, which is lower than CARZ's 0.70% expense ratio.

Dividends

EBIZ vs. CARZ - Dividend Comparison

EBIZ's dividend yield for the trailing twelve months is around 0.60%, less than CARZ's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.35%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
EBIZ Global X E-commerce ETF	0.60%	0.51%	0.23%	0.00%	0.10%	0.57%	0.84%	0.18%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EBIZ and CARZ in my portfolio?

EBIZ and CARZ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIZ or CARZ?

CARZ has higher volatility (10.14%) compared to EBIZ (5.39%). In terms of maximum drawdown, EBIZ dropped -61.58% vs CARZ's -51.20%.

Which ETF is better, EBIZ or CARZ?

On 5-year performance, CARZ leads with 16.32% vs -3.65% for EBIZ. On fees, EBIZ is cheaper at 0.50% per year. On volatility, EBIZ has been the lower-risk option at 5.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIZ or CARZ?

Over the 5-year period, CARZ has performed better with a 16.32% return vs -3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIZ or CARZ?

EBIZ is cheaper with a 0.50% expense ratio, compared with 0.70% for CARZ.

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

CARZ has the higher dividend yield at 1.35%, compared with 0.60% for EBIZ.

What is the main difference between EBIZ and CARZ?

EBIZ tracks Solactive E-commerce Index, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: Global X and First Trust. Their fees differ too: 0.50% for EBIZ and 0.70% for CARZ.

Which has better risk-adjusted returns?

CARZ currently has the higher Sharpe Ratio (4.53 vs -0.44), 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.