LCTD vs. BALI

Last updated Jun 4, 2026

LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - LCTD is a Alternative Energy Equities fund actively managed by BlackRock, while BALI is a Derivative Income fund actively managed by BlackRock. Both are actively managed. Over the past year, LCTD returned 19.28% vs 26.38% for BALI. A 0.69 correlation means they provide meaningful diversification when combined. LCTD charges 0.20%/yr vs 0.35%/yr for BALI.

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.

Returns By Period

In the year-to-date period, LCTD achieves a 6.33% return, which is significantly lower than BALI's 11.22% return.

LCTD

• 1D: -0.76%
• 1M: 1.69%
• YTD: 6.33%
• 6M: 8.97%
• 1Y: 19.28%
• 3Y*: 14.96%
• 5Y*: 6.77%
• 10Y*: —

BALI

• 1D: -0.41%
• 1M: 4.44%
• YTD: 11.22%
• 6M: 11.78%
• 1Y: 26.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCTD vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	6.33%	30.42%	3.14%	9.87%
BALI Blackrock Advantage Large Cap Income ETF	11.22%	14.51%	22.38%	9.52%

Correlation

The correlation between LCTD and BALI is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.69

The correlation between LCTD and BALI has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

LCTD vs. BALI - Sectors Allocation Comparison

Sectors	LCTD	BALI
Financial Services	26.7%	9.0%
Industrials	19.5%	8.0%
Healthcare	9.3%	9.4%
Technology	9.1%	35.0%
Consumer Cyclical	8.4%	10.2%
Consumer Defensive	6.0%	6.1%
Basic Materials	5.8%	1.4%
Energy	5.8%	4.3%
Utilities	4.0%	1.9%
Communication Services	3.5%	10.6%
Real Estate	1.9%	0.9%

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: 37
LCTD Sharpe Ratio Rank: 37
LCTD Sortino Ratio Rank: 36
LCTD Omega Ratio Rank: 36
LCTD Calmar Ratio Rank: 36
LCTD Martin Ratio Rank: 40

BALI

BALI Risk / Return Rank: 82
BALI Sharpe Ratio Rank: 81
BALI Sortino Ratio Rank: 81
BALI Omega Ratio Rank: 81
BALI Calmar Ratio Rank: 77
BALI Martin Ratio Rank: 88

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	1.33	2.67	-1.34
Sortino ratio: Return per unit of downside risk	1.92	3.72	-1.80
Omega ratio: Gain probability vs. loss probability	1.24	1.50	-0.26
Calmar ratio: Return relative to maximum drawdown	1.77	3.95	-2.17
Martin ratio: Return relative to average drawdown	6.39	19.71	-13.33
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 1.33, which is lower than the BALI Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of LCTD and BALI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCTD	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.67	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.72	-1.24

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%	-6.71%	-4.21%
Max Drawdown (3Y) Largest decline over 3 years	-13.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.82%	—	—
Current Drawdown Current decline from peak	-3.23%	-0.41%	-2.82%
Average Drawdown Average peak-to-trough decline	-6.79%	-1.63%	-5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.34%	+1.69%

Volatility

LCTD vs. BALI - Volatility Comparison

BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) has a higher volatility of 4.31% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 1.95%. 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	4.31%	1.95%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	7.47%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	9.91%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	12.93%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	12.93%	+3.13%

LCTD vs. BALI - Expense Ratio Comparison

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

Dividends

LCTD vs. BALI - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.40%, less than BALI's 7.66% yield.

Position	TTM	2025	2024	2023	2022	2021
BALI Blackrock Advantage Large Cap Income ETF	7.66%	8.51%	7.13%	2.13%	0.00%	0.00%
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.40%	3.61%	3.74%	3.16%	3.52%	2.20%

Frequently Asked Questions

Can I hold both LCTD and BALI in my portfolio?

LCTD and BALI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCTD or BALI?

LCTD has higher volatility (4.31%) compared to BALI (1.95%). In terms of maximum drawdown, LCTD dropped -29.82% vs BALI's -16.65%.

Which ETF is better, LCTD or BALI?

On 1-year performance, BALI leads with 26.38% vs 19.28% for LCTD. On fees, LCTD is cheaper at 0.20% per year. On volatility, BALI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCTD or BALI?

Over the 1-year period, BALI has performed better with a 26.38% return vs 19.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCTD or BALI?

LCTD is cheaper with a 0.20% expense ratio, compared with 0.35% for BALI.

Which ETF pays a higher dividend yield, LCTD or BALI?

BALI has the higher dividend yield at 7.66%, compared with 3.40% for LCTD.

What is the main difference between LCTD and BALI?

LCTD is categorized as Alternative Energy Equities, while BALI is Derivative Income. Their fees differ too: 0.20% for LCTD and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.67 vs 1.33), 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.