BIRIX vs. LCTD
BIRIX (BlackRock Sustainable Advantage Large Cap Core Fund) and LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) are both funds - BIRIX is a Large Cap Blend Equities fund managed by BlackRock, while LCTD is a Alternative Energy Equities fund actively managed by BlackRock. Over the past 5 years, BIRIX returned 11.83%/yr vs 7.67%/yr for LCTD. Their 0.76 correlation means they have sometimes moved together and sometimes differently. BIRIX charges 0.48%/yr vs 0.20%/yr for LCTD.
Performance
BIRIX vs. LCTD - Performance Comparison
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Returns By Period
In the year-to-date period, BIRIX achieves a 11.23% return, which is significantly higher than LCTD's 9.23% return.
BIRIX
- 1D
- 2.04%
- 1M
- -0.42%
- 6M
- 9.83%
- YTD
- 11.23%
- 1Y
- 24.34%
- 3Y*
- 19.33%
- 5Y*
- 11.83%
- 10Y*
- 14.94%
- ALL TIME*
- 15.09%
LCTD
- 1D
- -0.83%
- 1M
- 1.33%
- 6M
- 4.65%
- YTD
- 9.23%
- 1Y
- 22.36%
- 3Y*
- 14.85%
- 5Y*
- 7.67%
- 10Y*
- —
- ALL TIME*
- 8.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $325.83K | $398.66K | $1.75M |
BIRIX vs. LCTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 11.23% | 18.97% | 21.83% | 25.55% | -19.73% | 17.04% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 9.23% | 30.42% | 3.14% | 17.10% | -16.16% | 4.48% |
Correlation
The correlation between BIRIX and LCTD is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021 | 0.76 |
The correlation between BIRIX and LCTD has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
BIRIX vs. LCTD — Risk / Return Rank
BIRIX
LCTD
BIRIX vs. LCTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). 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.
| BIRIX | LCTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.01 | +0.57 |
| Martin ratioReturn relative to average drawdown | 11.30 | 6.99 | +4.31 |
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Drawdowns
BIRIX vs. LCTD - Drawdown Comparison
The maximum BIRIX drawdown since its inception was -34.67%, which is greater than LCTD's maximum drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for BIRIX and LCTD.
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Drawdown Indicators
| BIRIX | LCTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -29.82% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -10.92% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -13.59% | -7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -29.82% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -1.83% | -0.83% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.66% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.13% | -1.20% |
Volatility
BIRIX vs. LCTD - Volatility Comparison
The current volatility for BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) is 3.77%, while BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) has a volatility of 4.39%. This indicates that BIRIX experiences smaller price fluctuations and is considered to be less risky than LCTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIRIX | LCTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 4.39% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 12.93% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 15.14% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 16.22% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 16.05% | +3.01% |
BIRIX vs. LCTD - Expense Ratio Comparison
BIRIX has a 0.48% expense ratio, which is higher than LCTD's 0.20% expense ratio.
Dividends
BIRIX vs. LCTD - Dividend Comparison
BIRIX's dividend yield for the trailing twelve months is around 8.52%, more than LCTD's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 8.52% | 6.51% | 15.58% | 1.01% | 1.22% | 5.79% | 3.69% | 2.95% | 8.26% | 4.89% | 2.78% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.32% | 3.61% | 3.74% | 3.16% | 3.52% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIRIX and LCTD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCTD has higher volatility (4.39%) compared to BIRIX (3.77%). In terms of maximum drawdown, BIRIX dropped -34.67% vs LCTD's -29.82%.
BIRIX currently has the higher Sharpe Ratio (1.63 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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