LCTD vs. CNRG
Compare and contrast key facts about BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and SPDR S&P Kensho Clean Power ETF (CNRG).
LCTD and CNRG 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 Financial Management. It was launched on Apr 8, 2021. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LCTD or CNRG.
Key characteristics
| LCTD | CNRG | |
|---|---|---|
| YTD Return | 2.08% | -18.27% |
| 1Y Return | 8.47% | -28.65% |
| 3Y Return (Ann) | 0.91% | -18.11% |
| Sharpe Ratio | 0.57 | -1.03 |
| Daily Std Dev | 12.48% | 29.36% |
| Max Drawdown | -29.82% | -59.60% |
| Current Drawdown | -2.47% | -58.64% |
Correlation
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.
Performance
LCTD vs. CNRG - Performance Comparison
In the year-to-date period, LCTD achieves a 2.08% return, which is significantly higher than CNRG's -18.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
LCTD vs. CNRG - Dividend Comparison
LCTD's dividend yield for the trailing twelve months is around 3.10%, more than CNRG's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.10% | 3.16% | 3.52% | 2.21% | 0.00% | 0.00% | 0.00% |
CNRG SPDR S&P Kensho Clean Power ETF | 1.51% | 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.
Volatility
LCTD vs. CNRG - Volatility Comparison
The current volatility for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is 3.17%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 8.16%. 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.