GXPD vs. CARZ
GXPD (Global X PureCap MSCI Consumer Discretionary ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - GXPD tracks the MSCI USA Consumer Discretionary PureCap Index while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. Over the past year, GXPD returned 12.08% vs 72.49% for CARZ. Their 0.56 correlation means they have sometimes moved together and sometimes differently. GXPD charges 0.15%/yr vs 0.70%/yr for CARZ.
Performance
GXPD vs. CARZ - Performance Comparison
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Returns By Period
In the year-to-date period, GXPD achieves a 1.93% return, which is significantly lower than CARZ's 38.09% return.
GXPD
- 1D
- -0.41%
- 1M
- 3.06%
- 6M
- 0.68%
- YTD
- 1.93%
- 1Y
- 12.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.16%
CARZ
- 1D
- 3.99%
- 1M
- -2.23%
- 6M
- 26.71%
- YTD
- 38.09%
- 1Y
- 72.49%
- 3Y*
- 25.79%
- 5Y*
- 13.63%
- 10Y*
- 14.62%
- ALL TIME*
- 10.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $425.87K | $537.04K | $495.08K | |
| $3.91M | $2.08M | $1.74M |
GXPD vs. CARZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPD Global X PureCap MSCI Consumer Discretionary ETF | 1.93% | 5.36% |
CARZ First Trust NASDAQ Global Auto Index Fund | 38.09% | 22.00% |
Correlation
The correlation between GXPD and CARZ is 0.56, 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. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.56 |
The correlation between GXPD and CARZ has been stable across timeframes, ranging from 0.56 to 0.56 - a consistent structural relationship.
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Return for Risk
GXPD vs. CARZ — Risk / Return Rank
GXPD
CARZ
GXPD vs. CARZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Consumer Discretionary ETF (GXPD) 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.
| GXPD | CARZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 3.40 | -2.67 |
| Martin ratioReturn relative to average drawdown | 1.97 | 12.19 | -10.22 |
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Drawdowns
GXPD vs. CARZ - Drawdown Comparison
The maximum GXPD drawdown since its inception was -16.61%, smaller than the maximum CARZ drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for GXPD and CARZ.
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Drawdown Indicators
| GXPD | CARZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.61% | -51.20% | +34.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.61% | -21.44% | +4.83% |
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 | -2.80% | -12.66% | +9.86% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -12.87% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 5.96% | +0.19% |
Volatility
GXPD vs. CARZ - Volatility Comparison
The current volatility for Global X PureCap MSCI Consumer Discretionary ETF (GXPD) is 9.36%, while First Trust NASDAQ Global Auto Index Fund (CARZ) has a volatility of 11.98%. This indicates that GXPD 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.
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Volatility by Period
| GXPD | CARZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 11.98% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 27.93% | -10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 31.98% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 29.34% | -7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 26.79% | -5.16% |
GXPD vs. CARZ - Expense Ratio Comparison
GXPD has a 0.15% expense ratio, which is lower than CARZ's 0.70% expense ratio.
Dividends
GXPD vs. CARZ - Dividend Comparison
GXPD's dividend yield for the trailing twelve months is around 0.33%, less than CARZ's 1.27% 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% |
GXPD Global X PureCap MSCI Consumer Discretionary ETF | 0.33% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXPD 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.
CARZ has higher volatility (11.98%) compared to GXPD (9.36%). In terms of maximum drawdown, GXPD dropped -16.61% vs CARZ's -51.20%.
On 1-year performance, CARZ leads with 72.49% vs 12.08% for GXPD. On fees, GXPD is cheaper at 0.15% per year. On volatility, GXPD has been the lower-risk option at 9.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CARZ has performed better with a 72.49% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPD is cheaper with a 0.15% expense ratio, compared with 0.70% for CARZ.
CARZ has the higher dividend yield at 1.27%, compared with 0.33% for GXPD.
GXPD tracks MSCI USA Consumer Discretionary PureCap Index, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: Global X and First Trust. Their fees differ too: 0.15% for GXPD and 0.70% for CARZ.
CARZ currently has the higher Sharpe Ratio (2.28 vs 0.56), 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.
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