LCTD vs. GRID
Compare and contrast key facts about BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
LCTD and GRID 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. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LCTD or GRID.
Key characteristics
| LCTD | GRID | |
|---|---|---|
| YTD Return | 1.70% | 7.22% |
| 1Y Return | 8.28% | 19.99% |
| 3Y Return (Ann) | 0.78% | 8.69% |
| Sharpe Ratio | 0.65 | 1.08 |
| Daily Std Dev | 12.42% | 15.83% |
| Max Drawdown | -29.82% | -40.55% |
| Current Drawdown | -2.83% | -2.34% |
Correlation
The correlation between LCTD and GRID is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LCTD vs. GRID - Performance Comparison
In the year-to-date period, LCTD achieves a 1.70% return, which is significantly lower than GRID's 7.22% 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. GRID - Expense Ratio Comparison
LCTD has a 0.20% expense ratio, which is lower than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
LCTD vs. GRID - 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 First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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. GRID - Dividend Comparison
LCTD's dividend yield for the trailing twelve months is around 3.11%, more than GRID's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.11% | 3.16% | 3.52% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.17% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.46% | 1.35% |
Drawdowns
LCTD vs. GRID - Drawdown Comparison
The maximum LCTD drawdown since its inception was -29.82%, smaller than the maximum GRID drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for LCTD and GRID. For additional features, visit the drawdowns tool.
Volatility
LCTD vs. GRID - Volatility Comparison
The current volatility for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is 3.18%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 3.58%. This indicates that LCTD experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.