Future Vehicles vs the S&P 500 (CARZ): is it outperforming?
Over the past month, CARZ has outperformed the S&P 500 by 2.5 points. Here is where that puts it in the sector rotation — updated daily.
Where CARZ sits on the rotation map
Future Vehicles highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
CARZ vs SPY: head-to-head returns
CARZ (future vehicles) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means CARZ won that window.
Data as of 2026-08-28 · computed from daily adjusted closes · how we measure
The read
Future Vehicles (CARZ) has just turned the corner. Over the longer, time-shifted window it trailed the S&P 500 by 14.8 points, but over the past month it has moved clearly ahead of the market — a 2.5-point edge that puts it in the Emerging quadrant. Ranked by one-month spread, it currently stands #40 of the 115 groups Zensei tracks.
On the shorter tape, CARZ's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. CARZ's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via First Trust S-Network Future Vehicles & Technology ETF, whose 55 tracked holdings are led by MICRON TECHNOLOGY INC, ADVANCED MICRO DEVICES INC and INTEL CORP. Weighted by portfolio, the fund's holdings trade at roughly 87.7× earnings and 30.6× sales. The thing to watch from here is confirmation: emerging groups that hold a positive one-month spread long enough for the longer window to turn are the classic early-rotation entries — the ones that fail fall back quickly.
What's inside CARZ
Top 5 of 55 tracked holdings, by portfolio weight.
Future Vehicles vs the market — common questions
Is future vehicles outperforming the S&P 500?
Right now, yes: over the past month CARZ has outperformed the S&P 500 by 2.5 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is CARZ?
CARZ is First Trust S-Network Future Vehicles & Technology ETF, the fund Zensei uses to measure the future vehicles group against the S&P 500 benchmark (SPY).
Which stocks are in CARZ?
CARZ's largest tracked positions are MICRON TECHNOLOGY INC, ADVANCED MICRO DEVICES INC, INTEL CORP, n/a, TESLA INC — 55 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is future vehicles in right now?
As of the latest daily data, future vehicles is in the Emerging quadrant — behind the market over the longer window, but ahead over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track future vehicles against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.