LCTD vs. BALI

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and Blackrock Advantage Large Cap Income ETF (BALI).

LCTD and BALI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LCTD is an actively managed fund by BlackRock. It was launched on Apr 8, 2021. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.

Performance

LCTD vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

LCTD vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	1.14%	30.42%	3.14%	9.87%
BALI Blackrock Advantage Large Cap Income ETF	-1.60%	14.51%	22.38%	9.52%

Returns By Period

In the year-to-date period, LCTD achieves a 1.14% return, which is significantly higher than BALI's -1.60% return.

LCTD

• 1D: 3.15%
• 1M: -7.73%
• YTD: 1.14%
• 6M: 5.65%
• 1Y: 24.28%
• 3Y*: 13.76%
• 5Y*: —
• 10Y*: —

BALI

• 1D: 2.56%
• 1M: -3.85%
• YTD: -1.60%
• 6M: 0.88%
• 1Y: 16.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCTD vs. BALI - Expense Ratio Comparison

LCTD has a 0.20% expense ratio, which is lower than BALI's 0.35% expense ratio.

BALI

Blackrock Advantage Large Cap Income ETF

LCTD

BlackRock World ex U.S. Carbon Transition Readiness ETF

Return for Risk

LCTD vs. BALI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCTD

LCTD Risk / Return Rank: 78
LCTD Sharpe Ratio Rank: 78
LCTD Sortino Ratio Rank: 79
LCTD Omega Ratio Rank: 77
LCTD Calmar Ratio Rank: 79
LCTD Martin Ratio Rank: 77

BALI

BALI Risk / Return Rank: 70
BALI Sharpe Ratio Rank: 65
BALI Sortino Ratio Rank: 67
BALI Omega Ratio Rank: 72
BALI Calmar Ratio Rank: 68
BALI Martin Ratio Rank: 80

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.

LCTD vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	LCTD	BALI	Difference
Sharpe ratio Return per unit of total volatility	1.43	1.09	+0.34
Sortino ratio Return per unit of downside risk	2.00	1.60	+0.40
Omega ratio Gain probability vs. loss probability	1.29	1.26	+0.03
Calmar ratio Return relative to maximum drawdown	2.13	1.63	+0.50
Martin ratio Return relative to average drawdown	8.08	8.32	-0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCTD vs. BALI - Sharpe Ratio Comparison

The current LCTD Sharpe Ratio is 1.43, which is higher than the BALI Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of LCTD and BALI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LCTD	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.09	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.37	-0.94

Correlation

The correlation between LCTD and BALI is 0.69, 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.

Dividends

LCTD vs. BALI - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.57%, less than BALI's 8.74% yield.

	TTM	2025	2024	2023	2022	2021
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.57%	3.61%	3.74%	3.16%	3.52%	2.20%
BALI Blackrock Advantage Large Cap Income ETF	8.74%	8.51%	7.13%	2.13%	0.00%	0.00%

Drawdowns

LCTD vs. BALI - Drawdown Comparison

The maximum LCTD drawdown since its inception was -29.82%, which is greater than BALI's maximum drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for LCTD and BALI.

Drawdown Indicators

	LCTD	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-29.82%	-16.65%	-13.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-10.86%	-0.06%
Current Drawdown Current decline from peak	-7.95%	-4.32%	-3.63%
Average Drawdown Average peak-to-trough decline	-6.91%	-1.70%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.12%	+0.76%

Volatility

LCTD vs. BALI - Volatility Comparison

BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) has a higher volatility of 7.53% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 4.59%. This indicates that LCTD's price experiences larger fluctuations and is considered to be riskier than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTD	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	4.59%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	7.93%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	17.08%	15.60%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	13.14%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	13.14%	+2.88%