TMH vs. CARZ

Last updated Jun 25, 2026

TMH (Toyota Motor Corporation ADRhedged) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both Consumer Discretionary Equities funds - TMH tracks the Toyota Motor Corporation Local Shares Total Return while CARZ tracks the NASDAQ OMX Global Automobile (TR). Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. TMH charges 0.19%/yr vs 0.70%/yr for CARZ.

Performance

TMH vs. CARZ - Performance Comparison

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

Returns By Period

TMH

• 1D: 0.63%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CARZ

• 1D: -0.77%
• 1M: -1.14%
• YTD: 44.78%
• 6M: 43.23%
• 1Y: 87.95%
• 3Y*: 29.91%
• 5Y*: 14.72%
• 10Y*: 16.18%

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

TMH vs. CARZ - Yearly Performance Comparison

	2026 (YTD)
TMH Toyota Motor Corporation ADRhedged	-9.14%
CARZ First Trust NASDAQ Global Auto Index Fund	-4.78%

Correlation

The correlation between TMH and CARZ is 0.57, 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 May 28, 2026	0.57

Return for Risk

TMH vs. CARZ — Risk / Return Rank

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

TMH

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

CARZ

CARZ Risk / Return Rank: 91
CARZ Sharpe Ratio Rank: 93
CARZ Sortino Ratio Rank: 88
CARZ Omega Ratio Rank: 89
CARZ Calmar Ratio Rank: 94
CARZ Martin Ratio Rank: 94

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.

TMH vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toyota Motor Corporation ADRhedged (TMH) 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.

	TMH	CARZ	Difference
Sharpe ratio: Return per unit of total volatility	—	3.02	—
Sortino ratio: Return per unit of downside risk	—	3.49	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	6.12	—
Martin ratio: Return relative to average drawdown	—	22.49	—

Drawdowns

TMH vs. CARZ - Drawdown Comparison

The maximum TMH drawdown since its inception was -10.20%, smaller than the maximum CARZ drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for TMH and CARZ.

Drawdown Indicators

	TMH	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-10.20%	-51.20%	+41.00%
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	-9.63%	-8.43%	-1.20%
Average Drawdown Average peak-to-trough decline	-5.98%	-12.87%	+6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.92%	—

Volatility

Volatility by Period

	TMH	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.57%	29.44%	-3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.57%	28.81%	-3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.57%	26.54%	-0.97%

TMH vs. CARZ - Expense Ratio Comparison

TMH has a 0.19% expense ratio, which is lower than CARZ's 0.70% expense ratio.

Dividends

TMH vs. CARZ - Dividend Comparison

TMH's dividend yield for the trailing twelve months is around 5.24%, more than CARZ's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.47%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
TMH Toyota Motor Corporation ADRhedged	5.24%	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

Can I hold both TMH and CARZ in my portfolio?

TMH and CARZ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TMH or CARZ?

On fees, TMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMH or CARZ?

TMH is cheaper with a 0.19% expense ratio, compared with 0.70% for CARZ.

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

TMH has the higher dividend yield at 5.24%, compared with 1.47% for CARZ.

What is the main difference between TMH and CARZ?

TMH tracks Toyota Motor Corporation Local Shares Total Return, while CARZ tracks NASDAQ OMX Global Automobile (TR). They also come from different issuers: ADRhedged and First Trust. Their fees differ too: 0.19% for TMH and 0.70% for CARZ.