LCTD vs. HJEN

Last updated Jun 4, 2026

LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) and HJEN (Direxion Hydrogen ETF) are both Alternative Energy Equities funds. LCTD is actively managed, while HJEN is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. LCTD charges 0.20%/yr vs 0.45%/yr for HJEN.

Performance

LCTD vs. HJEN - 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 Direxion Hydrogen ETF (HJEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LCTD

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

HJEN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCTD vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	6.33%	30.42%	3.14%	17.10%	-16.16%	4.36%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-17.03%

Correlation

The correlation between LCTD and HJEN is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021	0.50

The correlation between LCTD and HJEN shifts across timeframes, from 0.33 (3 years) to 0.51 (5 years), reflecting how their relationship changes across market environments.

LCTD vs. HJEN - Sectors Allocation Comparison

Sectors	LCTD	HJEN
Financial Services	26.7%	3.3%
Industrials	19.5%	31.7%
Healthcare	9.3%	-
Technology	9.1%	7.6%
Consumer Cyclical	8.4%	-
Consumer Defensive	6.0%	-
Basic Materials	5.8%	9.2%
Energy	5.8%	8.3%
Utilities	4.0%	-
Communication Services	3.5%	-
Real Estate	1.9%	-

Return for Risk

LCTD vs. HJEN — 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

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. HJEN - 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 Direxion Hydrogen ETF (HJEN). 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	HJEN	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.77	—	—
Martin ratio: Return relative to average drawdown	6.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LCTD	HJEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	—	—
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	—	—

Drawdowns

Drawdown Indicators

	LCTD	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-29.82%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	—	—
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%	—	—
Average Drawdown Average peak-to-trough decline	-6.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	—	—

Volatility

Volatility by Period

	LCTD	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	—	—

LCTD vs. HJEN - Expense Ratio Comparison

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

Dividends

LCTD vs. HJEN - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.40%, while HJEN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
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 HJEN in my portfolio?

LCTD and HJEN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCTD or HJEN?

On fees, LCTD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LCTD or HJEN?

LCTD is cheaper with a 0.20% expense ratio, compared with 0.45% for HJEN.

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

LCTD has the higher dividend yield at 3.40%, compared with 0.00% for HJEN.

What is the main difference between LCTD and HJEN?

They also come from different issuers: BlackRock and Direxion. Their fees differ too: 0.20% for LCTD and 0.45% for HJEN.