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ETFs

First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF

CARZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 09 2011
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$184,808
AUM
$40,648,101
Associated Index
S-Network Electric & Future Vehicle Ecosystem Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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7203
Toyota Motor Corporation
2.51%
Invest with CARZ

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.

ETFs related toCARZ

ETFs correlated to CARZ include DRIV, QTUM, FWD

CARZ
First Trust Exchange-Traded Fund II - First Trust S-Network Future Vehicles & Technology ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
FWD
AB Active ETFs Inc - AB Disruptors ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
FIVG
ETF Series Solutions Trust - Defiance Next Gen Connectivity ETF
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
SOXX
BlackRock Institutional Trust Company N.A. - iShares Semiconductor ETF

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.

FAQ

CARZ is a Global Equities ETF. 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.

CARZ tracks the S-Network Electric & Future Vehicle Ecosystem Index.

No, CARZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CARZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CARZ is 0.1009%. This is the percent change in the value of CARZ over the most recent 1-month period. The 3-month return on CARZ is 0.0895%. This is the percent change in the value of CARZ over the most recent 3-month period.

The standard deviation of CARZ for the past year is 0.3176%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CARZ include ARKK, TAN, and EFG.

ETFs correlated to CARZ include DRIV, QTUM, and FWD.

ETFs that are inversely correlated to CARZ include SOXS, HIBS, and BERZ.

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.