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FAN vs. LCTD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAN vs. LCTD

Last updated Jun 24, 2026

FAN (First Trust Global Wind Energy ETF) and LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) are both Alternative Energy Equities funds. FAN is passively managed, while LCTD is actively managed. Over the past 5 years, FAN returned 4.21%/yr vs 6.84%/yr for LCTD. A 0.74 correlation means they provide meaningful diversification when combined. FAN charges 0.62%/yr vs 0.20%/yr for LCTD.

Performance

FAN vs. LCTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Global Wind Energy ETF (FAN) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FAN achieves a 20.47% return, which is significantly higher than LCTD's 5.94% return.

FAN

1D
-2.65%
1M
-5.81%
YTD
20.47%
6M
20.15%
1Y
38.86%
3Y*
14.67%
5Y*
4.21%
10Y*
9.88%

LCTD

1D
-1.60%
1M
-0.64%
YTD
5.94%
6M
5.46%
1Y
19.19%
3Y*
15.06%
5Y*
6.84%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAN vs. LCTD - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FAN
First Trust Global Wind Energy ETF		20.47%40.38%-8.96%-3.20%-13.12%-8.22%
LCTD
BlackRock World ex U.S. Carbon Transition Readiness ETF		5.94%30.42%3.14%17.10%-16.16%4.48%

Correlation

The correlation between FAN and LCTD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2021

0.74

The correlation between FAN and LCTD has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

FAN vs. LCTD - Sectors Allocation Comparison

Sectors
FAN
LCTD

Utilities

55.7%
3.6%

Industrials

41.3%
16.9%

Consumer Cyclical

1.7%
7.5%

Energy

1.1%
4.8%

Basic Materials

0.3%
7.0%

Communication Services

-

4.1%

Consumer Defensive

-

5.5%

Financial Services

-

26.7%

Healthcare

-

9.3%

Real Estate

-

1.5%

Technology

-

11.5%

Utilities

FAN
55.7%
LCTD
3.6%

Industrials

FAN
41.3%
LCTD
16.9%

Consumer Cyclical

FAN
1.7%
LCTD
7.5%

Energy

FAN
1.1%
LCTD
4.8%

Basic Materials

FAN
0.3%
LCTD
7.0%

Communication Services

FAN

-

LCTD
4.1%

Consumer Defensive

FAN

-

LCTD
5.5%

Financial Services

FAN

-

LCTD
26.7%

Healthcare

FAN

-

LCTD
9.3%

Real Estate

FAN

-

LCTD
1.5%

Technology

FAN

-

LCTD
11.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Global Wind Energy ETF

BlackRock World ex U.S. Carbon Transition Readiness ETF

Often compared with FAN:
FAN vs. TANFAN vs. ICLNFAN vs. QCLNFAN vs. PBDFAN vs. RAYSFAN vs. GRIDFAN vs. CTEC
Often compared with LCTD:
LCTD vs. GRIDLCTD vs. CNRGLCTD vs. BIRIXLCTD vs. LCTULCTD vs. SDGLCTD vs. QCLNLCTD vs. KRBN

Return for Risk

FAN vs. LCTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAN
FAN Risk / Return Rank: 6363
Overall Rank
FAN Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FAN Sortino Ratio Rank: 5757
Sortino Ratio Rank
FAN Omega Ratio Rank: 5555
Omega Ratio Rank
FAN Calmar Ratio Rank: 7373
Calmar Ratio Rank
FAN Martin Ratio Rank: 6767
Martin Ratio Rank
LCTD
LCTD Risk / Return Rank: 3838
Overall Rank
LCTD Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
LCTD Sortino Ratio Rank: 3838
Sortino Ratio Rank
LCTD Omega Ratio Rank: 3636
Omega Ratio Rank
LCTD Calmar Ratio Rank: 3737
Calmar Ratio Rank
LCTD Martin Ratio Rank: 4040
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAN vs. LCTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) 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.

FANLCTDDifference
Sharpe ratioReturn per unit of total volatility
1.91
1.29

+0.63

Sortino ratioReturn per unit of downside risk
2.57
1.86

+0.71

Omega ratioGain probability vs. loss probability

1.32

1.23

+0.09

Calmar ratioReturn relative to maximum drawdown

3.51

1.76

+1.74

Martin ratioReturn relative to average drawdown

11.64

6.19

+5.45

FAN vs. LCTD - Sharpe Ratio Comparison

The current FAN Sharpe Ratio is 1.91, which is higher than the LCTD Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FAN and LCTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FAN vs. LCTD - Drawdown Comparison

The maximum FAN drawdown since its inception was -79.94%, which is greater than LCTD's maximum drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for FAN and LCTD.

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Drawdown Indicators

FANLCTDDifference

Max Drawdown

Largest peak-to-trough decline

-79.94%

-29.82%

-50.12%

Max Drawdown (1Y)

Largest decline over 1 year

-11.13%

-10.92%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-24.46%

-13.59%

-10.87%

Max Drawdown (5Y)

Largest decline over 5 years

-38.45%

-29.82%

-8.63%

Max Drawdown (10Y)

Largest decline over 10 years

-46.29%

—

—

Current Drawdown

Current decline from peak

-9.44%

-3.59%

-5.85%

Average Drawdown

Average peak-to-trough decline

-45.08%

-6.75%

-38.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

3.11%

+0.24%

Volatility

FAN vs. LCTD - Volatility Comparison

First Trust Global Wind Energy ETF (FAN) has a higher volatility of 6.87% compared to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) at 4.65%. This indicates that FAN'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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Volatility by Period

FANLCTDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.87%

4.65%

+2.22%

Volatility (6M)

Calculated over the trailing 6-month period

15.93%

12.59%

+3.34%

Volatility (1Y)

Calculated over the trailing 1-year period

20.41%

14.98%

+5.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.42%

16.21%

+5.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.96%

16.09%

+4.87%

FAN vs. LCTD - Expense Ratio Comparison

FAN has a 0.62% expense ratio, which is higher than LCTD's 0.20% expense ratio.

Dividends

FAN vs. LCTD - Dividend Comparison

FAN's dividend yield for the trailing twelve months is around 1.03%, less than LCTD's 3.43% yield.

PositionTTM20252024202320222021202020192018201720162015
FAN
First Trust Global Wind Energy ETF		1.03%1.35%1.52%1.71%1.50%1.79%0.84%2.42%2.67%2.59%6.04%2.35%
LCTD
BlackRock World ex U.S. Carbon Transition Readiness ETF		3.43%3.61%3.74%3.16%3.52%2.20%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FAN and LCTD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FAN has higher volatility (6.87%) compared to LCTD (4.65%). In terms of maximum drawdown, FAN dropped -79.94% vs LCTD's -29.82%.

On 5-year performance, LCTD leads with 6.84% vs 4.21% for FAN. On fees, LCTD is cheaper at 0.20% per year. On volatility, LCTD has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, LCTD has performed better with a 6.84% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LCTD is cheaper with a 0.20% expense ratio, compared with 0.62% for FAN.

LCTD has the higher dividend yield at 3.43%, compared with 1.03% for FAN.

They also come from different issuers: First Trust and BlackRock. Their fees differ too: 0.62% for FAN and 0.20% for LCTD.

FAN currently has the higher Sharpe Ratio (1.91 vs 1.29), 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.

Portfolio Optimizer

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