XLY vs. CARZ

Last updated Apr 2, 2026

Compare and contrast key facts about Consumer Discretionary Select Sector SPDR Fund (XLY) and First Trust NASDAQ Global Auto Index Fund (CARZ).

XLY and CARZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary Select Sector Index. It was launched on Dec 16, 1998. CARZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Global Automobile (TR). It was launched on May 9, 2011. Both XLY and CARZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XLY vs. CARZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Discretionary Select Sector SPDR Fund (XLY) and First Trust NASDAQ Global Auto Index Fund (CARZ). The values are adjusted to include any dividend payments, if applicable.

XLY vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLY Consumer Discretionary Select Sector SPDR Fund	-7.86%	7.37%	26.51%	39.64%	-36.27%	27.93%	29.63%	28.39%	1.58%	22.82%
CARZ First Trust NASDAQ Global Auto Index Fund	5.91%	37.18%	3.26%	42.47%	-31.25%	18.09%	54.66%	11.39%	-23.91%	25.47%

Returns By Period

In the year-to-date period, XLY achieves a -7.86% return, which is significantly lower than CARZ's 5.91% return. Both investments have delivered pretty close results over the past 10 years, with XLY having a 11.88% annualized return and CARZ not far ahead at 11.91%.

XLY

• 1D: 0.75%
• 1M: -4.68%
• YTD: -7.86%
• 6M: -8.57%
• 1Y: 10.93%
• 3Y*: 14.60%
• 5Y*: 6.19%
• 10Y*: 11.88%

CARZ

• 1D: 2.10%
• 1M: -5.52%
• YTD: 5.91%
• 6M: 13.54%
• 1Y: 56.71%
• 3Y*: 19.27%
• 5Y*: 9.16%
• 10Y*: 11.91%

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

XLY vs. CARZ - Expense Ratio Comparison

XLY has a 0.13% expense ratio, which is lower than CARZ's 0.70% expense ratio.

CARZ

First Trust NASDAQ Global Auto Index Fund

XLY

Consumer Discretionary Select Sector SPDR Fund

Return for Risk

XLY vs. CARZ — Risk / Return Rank

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

XLY

XLY Risk / Return Rank: 28
XLY Sharpe Ratio Rank: 25
XLY Sortino Ratio Rank: 27
XLY Omega Ratio Rank: 25
XLY Calmar Ratio Rank: 31
XLY Martin Ratio Rank: 30

CARZ

CARZ Risk / Return Rank: 89
CARZ Sharpe Ratio Rank: 87
CARZ Sortino Ratio Rank: 88
CARZ Omega Ratio Rank: 85
CARZ Calmar Ratio Rank: 91
CARZ Martin Ratio Rank: 92

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.

XLY vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector SPDR Fund (XLY) 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.

	XLY	CARZ	Difference
Sharpe ratio Return per unit of total volatility	0.46	1.87	-1.40
Sortino ratio Return per unit of downside risk	0.85	2.52	-1.66
Omega ratio Gain probability vs. loss probability	1.11	1.35	-0.24
Calmar ratio Return relative to maximum drawdown	0.81	3.42	-2.62
Martin ratio Return relative to average drawdown	2.66	13.72	-11.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLY vs. CARZ - Sharpe Ratio Comparison

The current XLY Sharpe Ratio is 0.46, which is lower than the CARZ Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of XLY and CARZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XLY	CARZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	1.87	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.33	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.46	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.35	+0.07

Correlation

The correlation between XLY and CARZ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XLY vs. CARZ - Dividend Comparison

XLY's dividend yield for the trailing twelve months is around 0.81%, less than CARZ's 2.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XLY Consumer Discretionary Select Sector SPDR Fund	0.81%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%
CARZ First Trust NASDAQ Global Auto Index Fund	2.01%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%

Drawdowns

XLY vs. CARZ - Drawdown Comparison

The maximum XLY drawdown since its inception was -59.05%, which is greater than CARZ's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for XLY and CARZ.

Drawdown Indicators

	XLY	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-51.20%	-7.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-16.91%	+1.93%
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	-40.30%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	-39.67%	-51.20%	+11.53%
Current Drawdown Current decline from peak	-11.64%	-8.18%	-3.46%
Average Drawdown Average peak-to-trough decline	-9.58%	-13.03%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	4.22%	+0.32%

Volatility

XLY vs. CARZ - Volatility Comparison

The current volatility for Consumer Discretionary Select Sector SPDR Fund (XLY) is 7.36%, while First Trust NASDAQ Global Auto Index Fund (CARZ) has a volatility of 10.35%. This indicates that XLY 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

	XLY	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	10.35%	-2.99%
Volatility (6M) Calculated over the trailing 6-month period	13.63%	19.53%	-5.90%
Volatility (1Y) Calculated over the trailing 1-year period	23.65%	30.55%	-6.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.73%	27.65%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	26.03%	-4.06%