First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF
Snapshot*
Top 10 Holdings
What is CARZ?
The First Trust S-Network Future Vehicles & Technology ETF, formerly First Trust NASDAQ Global Auto Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the S-Network Electric & Future Vehicle Ecosystem Index. The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and depository receipts that comprise the Index.
CARZPerformance Measures**
for the time period May 10, 2011 to Dec 4, 2025
1M Trailing Return: 2.2%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 16.4%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -51.2%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 25.3%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.45
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.17
The annualized return divided by the max drawdown for the selected time period.
ETFs related toCARZ
ETFs correlated to CARZ include DRIV, QTUM, WTAI
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toCARZ
Pinnacle Evergreen - High Return + Low Max Drawdown
Category
Tactical multi-asset, regime switching, volatility hedging, momentum + mean reversion, inflation-aware, daily rebalanced
OOS Cumulative Return
3.08%
Create your own algorithmic trading strategy with CARZ using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.