LCTD vs. BIRIX

Last updated Jun 23, 2026

LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) and BIRIX (BlackRock Sustainable Advantage Large Cap Core Fund) are both funds - LCTD is a Alternative Energy Equities fund actively managed by BlackRock, while BIRIX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 5 years, LCTD returned 7.39%/yr vs 13.24%/yr for BIRIX. A 0.76 correlation means they provide meaningful diversification when combined. LCTD charges 0.20%/yr vs 0.48%/yr for BIRIX.

Performance

LCTD vs. BIRIX - 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 Sustainable Advantage Large Cap Core Fund (BIRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCTD achieves a 7.66% return, which is significantly lower than BIRIX's 12.33% return.

LCTD

• 1D: 0.05%
• 1M: 0.97%
• YTD: 7.66%
• 6M: 7.73%
• 1Y: 22.12%
• 3Y*: 15.68%
• 5Y*: 7.39%
• 10Y*: —

BIRIX

• 1D: 0.84%
• 1M: 1.49%
• YTD: 12.33%
• 6M: 11.71%
• 1Y: 31.15%
• 3Y*: 21.12%
• 5Y*: 13.24%
• 10Y*: 15.60%

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

LCTD vs. BIRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	7.66%	30.42%	3.14%	17.10%	-16.16%	4.48%
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund	12.33%	18.97%	21.83%	25.55%	-19.73%	17.04%

Correlation

The correlation between LCTD and BIRIX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021	0.76

The correlation between LCTD and BIRIX has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

Return for Risk

LCTD vs. BIRIX — Risk / Return Rank

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

LCTD

LCTD Risk / Return Rank: 43
LCTD Sharpe Ratio Rank: 44
LCTD Sortino Ratio Rank: 43
LCTD Omega Ratio Rank: 42
LCTD Calmar Ratio Rank: 42
LCTD Martin Ratio Rank: 45

BIRIX

BIRIX Risk / Return Rank: 79
BIRIX Sharpe Ratio Rank: 79
BIRIX Sortino Ratio Rank: 73
BIRIX Omega Ratio Rank: 71
BIRIX Calmar Ratio Rank: 83
BIRIX Martin Ratio Rank: 91

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. BIRIX - 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 Sustainable Advantage Large Cap Core Fund (BIRIX). 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.

	LCTD	BIRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.40	-0.91
Sortino ratio: Return per unit of downside risk	2.13	3.24	-1.11
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	2.03	3.65	-1.62
Martin ratio: Return relative to average drawdown	7.16	16.89	-9.73

LCTD vs. BIRIX - Sharpe Ratio Comparison

The current LCTD Sharpe Ratio is 1.49, which is lower than the BIRIX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of LCTD and BIRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCTD vs. BIRIX - Drawdown Comparison

The maximum LCTD drawdown since its inception was -29.82%, smaller than the maximum BIRIX drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for LCTD and BIRIX.

Drawdown Indicators

	LCTD	BIRIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.82%	-34.67%	+4.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-8.46%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.59%	-20.97%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	-29.82%	-25.88%	-3.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.67%	—
Current Drawdown Current decline from peak	-2.02%	-0.86%	-1.16%
Average Drawdown Average peak-to-trough decline	-6.76%	-4.93%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	1.83%	+1.27%

Volatility

LCTD vs. BIRIX - Volatility Comparison

The current volatility for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is 4.38%, while BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) has a volatility of 5.15%. This indicates that LCTD experiences smaller price fluctuations and is considered to be less risky than BIRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTD	BIRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	5.15%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	10.32%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	12.88%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	18.67%	-2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	19.10%	-3.02%

LCTD vs. BIRIX - Expense Ratio Comparison

LCTD has a 0.20% expense ratio, which is lower than BIRIX's 0.48% expense ratio.

Dividends

LCTD vs. BIRIX - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.37%, less than BIRIX's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund	5.80%	6.51%	15.58%	1.01%	1.22%	5.79%	3.69%	2.95%	8.26%	4.89%	2.78%
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.37%	3.61%	3.74%	3.16%	3.52%	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCTD and BIRIX in my portfolio?

LCTD and BIRIX have a correlation of 0.77, 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 BIRIX?

BIRIX has higher volatility (5.15%) compared to LCTD (4.38%). In terms of maximum drawdown, LCTD dropped -29.82% vs BIRIX's -34.67%.

Which has better risk-adjusted returns?

BIRIX currently has the higher Sharpe Ratio (2.40 vs 1.49), 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.