KLXY vs. CARZ

Last updated Jun 5, 2026

KLXY (Kraneshares Global Luxury Index ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - KLXY tracks the Solactive Global Luxury Index - Benchmark TR Net while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. KLXY charges 0.69%/yr vs 0.70%/yr for CARZ.

Performance

KLXY vs. CARZ - Performance Comparison

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

Returns By Period

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CARZ

• 1D: -1.58%
• 1M: 13.96%
• YTD: 55.03%
• 6M: 57.92%
• 1Y: 110.10%
• 3Y*: 33.87%
• 5Y*: 15.95%
• 10Y*: 16.21%

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

KLXY vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%
CARZ First Trust NASDAQ Global Auto Index Fund	55.03%	37.18%	3.26%	7.53%

Correlation

The correlation between KLXY and CARZ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.51

The correlation between KLXY and CARZ shifts across timeframes, from 0.35 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

KLXY vs. CARZ - Sectors Allocation Comparison

Sectors	KLXY	CARZ
Consumer Cyclical	73.2%	19.5%
Consumer Defensive	21.8%	-
Healthcare	4.9%	-
Basic Materials	-	6.6%
Communication Services	-	5.1%
Energy	-	-
Financial Services	-	-
Industrials	-	8.1%
Real Estate	-	-
Technology	-	60.6%
Utilities	-	-

Return for Risk

KLXY vs. CARZ — Risk / Return Rank

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

CARZ

CARZ Risk / Return Rank: 95
CARZ Sharpe Ratio Rank: 96
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.

KLXY vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) 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.

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

Sharpe Ratios by Period

	KLXY	CARZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Drawdowns

Drawdown Indicators

	KLXY	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.20%	—
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	—	-1.94%	—
Average Drawdown Average peak-to-trough decline	—	-12.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.57%	—

Volatility

Volatility by Period

	KLXY	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.86%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.27%	—

KLXY vs. CARZ - Expense Ratio Comparison

KLXY has a 0.69% expense ratio, which is lower than CARZ's 0.70% expense ratio.

Dividends

KLXY vs. CARZ - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, less than CARZ's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.38%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLXY and CARZ in my portfolio?

KLXY and CARZ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLXY or CARZ?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLXY or CARZ?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.70% for CARZ.

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

CARZ has the higher dividend yield at 1.38%, compared with 0.85% for KLXY.

What is the main difference between KLXY and CARZ?

KLXY tracks Solactive Global Luxury Index - Benchmark TR Net, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: KraneShares and First Trust. Their fees differ too: 0.69% for KLXY and 0.70% for CARZ.