Correlation
The correlation between ESMV and LCTD is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ESMV vs. LCTD
Compare and contrast key facts about iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).
ESMV and LCTD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross. It was launched on Nov 2, 2021. 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: ESMV or LCTD.
Performance
ESMV vs. LCTD - Performance Comparison
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Key characteristics
ESMV:
0.87
LCTD:
0.79
ESMV:
1.41
LCTD:
1.36
ESMV:
1.20
LCTD:
1.18
ESMV:
1.08
LCTD:
1.14
ESMV:
3.76
LCTD:
3.29
ESMV:
3.49%
LCTD:
4.71%
ESMV:
13.57%
LCTD:
17.13%
ESMV:
-19.77%
LCTD:
-29.82%
ESMV:
-3.12%
LCTD:
0.00%
Returns By Period
In the year-to-date period, ESMV achieves a 3.58% return, which is significantly lower than LCTD's 16.89% return.
ESMV
3.58%
1.28%
-2.70%
11.77%
9.66%
N/A
N/A
LCTD
16.89%
4.69%
12.85%
13.44%
10.04%
N/A
N/A
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ESMV vs. LCTD - Expense Ratio Comparison
ESMV has a 0.18% expense ratio, which is lower than LCTD's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ESMV vs. LCTD — Risk-Adjusted Performance Rank
ESMV
LCTD
ESMV vs. LCTD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) 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.
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Dividends
ESMV vs. LCTD - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.61%, less than LCTD's 3.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.61% | 1.72% | 1.75% | 1.66% | 0.24% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.20% | 3.74% | 3.16% | 3.52% | 2.21% |
Drawdowns
ESMV vs. LCTD - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, smaller than the maximum LCTD drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for ESMV and LCTD.
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Volatility
ESMV vs. LCTD - Volatility Comparison
iShares ESG MSCI USA Min Vol Factor ETF (ESMV) has a higher volatility of 3.55% compared to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) at 2.94%. This indicates that ESMV'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.
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