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LCTD vs. CNRG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

LCTD vs. CNRG - 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 SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-0.70%
-3.87%
LCTD
CNRG

Returns By Period

In the year-to-date period, LCTD achieves a 4.60% return, which is significantly higher than CNRG's -12.39% return.


LCTD

YTD

4.60%

1M

-4.36%

6M

-0.69%

1Y

11.06%

5Y (annualized)

N/A

10Y (annualized)

N/A

CNRG

YTD

-12.39%

1M

2.73%

6M

-3.87%

1Y

-1.28%

5Y (annualized)

11.23%

10Y (annualized)

N/A

Key characteristics


LCTDCNRG
Sharpe Ratio0.86-0.03
Sortino Ratio1.250.18
Omega Ratio1.151.02
Calmar Ratio1.15-0.02
Martin Ratio4.04-0.07
Ulcer Index2.76%13.37%
Daily Std Dev12.89%31.47%
Max Drawdown-29.82%-59.60%
Current Drawdown-8.23%-55.66%

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LCTD vs. CNRG - Expense Ratio Comparison

LCTD has a 0.20% expense ratio, which is lower than CNRG's 0.45% expense ratio.


CNRG
SPDR S&P Kensho Clean Power ETF
Expense ratio chart for CNRG: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for LCTD: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.6

The correlation between LCTD and CNRG is 0.61, 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.

Risk-Adjusted Performance

LCTD vs. CNRG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and SPDR S&P Kensho Clean Power ETF (CNRG). 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.


Sharpe ratio
The chart of Sharpe ratio for LCTD, currently valued at 0.86, compared to the broader market0.002.004.000.86-0.03
The chart of Sortino ratio for LCTD, currently valued at 1.25, compared to the broader market-2.000.002.004.006.008.0010.001.250.18
The chart of Omega ratio for LCTD, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.001.151.02
The chart of Calmar ratio for LCTD, currently valued at 1.15, compared to the broader market0.005.0010.0015.001.15-0.02
The chart of Martin ratio for LCTD, currently valued at 4.04, compared to the broader market0.0020.0040.0060.0080.00100.004.04-0.07
LCTD
CNRG

The current LCTD Sharpe Ratio is 0.86, which is higher than the CNRG Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of LCTD and CNRG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
0.86
-0.03
LCTD
CNRG

Dividends

LCTD vs. CNRG - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.42%, more than CNRG's 1.70% yield.


TTM202320222021202020192018
LCTD
BlackRock World ex U.S. Carbon Transition Readiness ETF
3.42%3.16%3.52%2.21%0.00%0.00%0.00%
CNRG
SPDR S&P Kensho Clean Power ETF
1.70%1.17%1.23%1.34%0.69%1.16%0.35%

Drawdowns

LCTD vs. CNRG - Drawdown Comparison

The maximum LCTD drawdown since its inception was -29.82%, smaller than the maximum CNRG drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for LCTD and CNRG. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-8.23%
-42.54%
LCTD
CNRG

Volatility

LCTD vs. CNRG - Volatility Comparison

The current volatility for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is 3.64%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 10.14%. This indicates that LCTD experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
3.64%
10.14%
LCTD
CNRG