CNRG vs. LCTD
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).
CNRG and LCTD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018. LCTD is an actively managed fund by Blackrock Financial Management. It was launched on Apr 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNRG or LCTD.
Correlation
The correlation between CNRG and LCTD is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CNRG vs. LCTD - Performance Comparison
Key characteristics
CNRG:
-0.37
LCTD:
0.60
CNRG:
-0.31
LCTD:
0.94
CNRG:
0.97
LCTD:
1.13
CNRG:
-0.18
LCTD:
0.75
CNRG:
-1.01
LCTD:
2.17
CNRG:
12.44%
LCTD:
4.71%
CNRG:
34.62%
LCTD:
17.20%
CNRG:
-68.49%
LCTD:
-29.82%
CNRG:
-63.80%
LCTD:
-1.05%
Returns By Period
In the year-to-date period, CNRG achieves a -16.37% return, which is significantly lower than LCTD's 9.35% return.
CNRG
-16.37%
-3.54%
-17.64%
-11.78%
5.42%
N/A
LCTD
9.35%
1.37%
4.11%
10.90%
N/A
N/A
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CNRG vs. LCTD - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is higher than LCTD's 0.20% expense ratio.
Risk-Adjusted Performance
CNRG vs. LCTD — Risk-Adjusted Performance Rank
CNRG
LCTD
CNRG vs. LCTD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) 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.
Dividends
CNRG vs. LCTD - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.46%, less than LCTD's 3.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.46% | 1.34% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.42% | 3.74% | 3.16% | 3.52% | 2.21% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNRG vs. LCTD - Drawdown Comparison
The maximum CNRG drawdown since its inception was -68.49%, which is greater than LCTD's maximum drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for CNRG and LCTD. For additional features, visit the drawdowns tool.
Volatility
CNRG vs. LCTD - Volatility Comparison
SPDR S&P Kensho Clean Power ETF (CNRG) has a higher volatility of 17.10% compared to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) at 11.26%. This indicates that CNRG's price experiences larger fluctuations and is considered to be riskier than LCTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.