XLYI vs. CARZ

Last updated Jul 18, 2026

XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) and CARZ (First Trust NASDAQ Global Auto Index Fund) are both exchange-traded funds - XLYI is a Derivative Income fund actively managed by State Street, while CARZ is a Consumer Discretionary Equities fund tracking the NASDAQ OMX Global Automobile (TR). XLYI is actively managed, while CARZ is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. XLYI charges 0.35%/yr vs 0.70%/yr for CARZ.

Performance

XLYI vs. CARZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) 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, XLYI achieves a -1.01% return, which is significantly lower than CARZ's 32.27% return.

XLYI

• 1D: -1.08%
• 1M: 0.81%
• 6M: -3.40%
• YTD: -1.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CARZ

• 1D: -1.07%
• 1M: -10.71%
• 6M: 22.25%
• YTD: 32.27%
• 1Y: 61.99%
• 3Y*: 22.02%
• 5Y*: 13.94%
• 10Y*: 14.54%

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

XLYI vs. CARZ - Yearly Performance Comparison

	2026 (YTD)	2025
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-1.01%	5.63%
CARZ First Trust NASDAQ Global Auto Index Fund	32.27%	21.70%

Correlation

The correlation between XLYI and CARZ is 0.60, 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 Jul 30, 2025	0.60

XLYI vs. CARZ - Sectors Allocation Comparison

Sectors	XLYI	CARZ
Financial Services	99.2%	-
Basic Materials	-	6.7%
Communication Services	-	1.9%
Consumer Cyclical	-	21.9%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	8.6%
Real Estate	-	-
Technology	-	34.3%
Utilities	-	-

Return for Risk

XLYI vs. CARZ — Risk / Return Rank

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

XLYI

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

CARZ

CARZ Risk / Return Rank: 79
CARZ Sharpe Ratio Rank: 80
CARZ Sortino Ratio Rank: 71
CARZ Omega Ratio Rank: 74
CARZ Calmar Ratio Rank: 86
CARZ Martin Ratio Rank: 84

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.

XLYI vs. CARZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) 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.

	XLYI	CARZ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.02	—
Sortino ratio: Return per unit of downside risk	—	2.52	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.81	—
Martin ratio: Return relative to average drawdown	—	13.07	—

Drawdowns

XLYI vs. CARZ - Drawdown Comparison

The maximum XLYI drawdown since its inception was -12.32%, smaller than the maximum CARZ drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for XLYI and CARZ.

Drawdown Indicators

	XLYI	CARZ	Difference
Max Drawdown Largest peak-to-trough decline	-12.32%	-51.20%	+38.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.34%	—
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	-4.54%	-16.34%	+11.80%
Average Drawdown Average peak-to-trough decline	-3.16%	-12.86%	+9.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.76%	—

Volatility

Volatility by Period

	XLYI	CARZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	30.85%	-15.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	29.12%	-13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.66%	26.66%	-11.00%

XLYI vs. CARZ - Expense Ratio Comparison

XLYI has a 0.35% expense ratio, which is lower than CARZ's 0.70% expense ratio.

Dividends

XLYI vs. CARZ - Dividend Comparison

XLYI's dividend yield for the trailing twelve months is around 14.90%, more than CARZ's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARZ First Trust NASDAQ Global Auto Index Fund	1.33%	2.13%	1.17%	1.40%	1.59%	2.25%	0.63%	3.23%	2.85%	2.11%	2.47%	1.64%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	14.90%	6.76%	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 XLYI and CARZ in my portfolio?

XLYI and CARZ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLYI or CARZ?

On fees, XLYI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLYI or CARZ?

XLYI is cheaper with a 0.35% expense ratio, compared with 0.70% for CARZ.

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

XLYI has the higher dividend yield at 14.90%, compared with 1.33% for CARZ.

What is the main difference between XLYI and CARZ?

XLYI is categorized as Derivative Income, while CARZ is Consumer Discretionary Equities. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.35% for XLYI and 0.70% for CARZ.