LCTD vs. INMU
LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) and INMU (BlackRock Intermediate Muni Income Bond ETF) are both exchange-traded funds - LCTD is a Alternative Energy Equities fund actively managed by BlackRock, while INMU is a Municipal Bonds fund actively managed by BlackRock. Both are actively managed. Over the past 5 years, LCTD returned 6.77%/yr vs 1.78%/yr for INMU. At a 0.19 correlation, their price movements are largely independent. LCTD charges 0.20%/yr vs 0.30%/yr for INMU.
Performance
LCTD vs. INMU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LCTD achieves a 6.33% return, which is significantly higher than INMU's 1.73% return.
LCTD
- 1D
- -0.76%
- 1M
- 1.69%
- YTD
- 6.33%
- 6M
- 8.97%
- 1Y
- 19.28%
- 3Y*
- 14.96%
- 5Y*
- 6.77%
- 10Y*
- —
INMU
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- 1.73%
- 6M
- 1.98%
- 1Y
- 7.17%
- 3Y*
- 4.89%
- 5Y*
- 1.78%
- 10Y*
- —
LCTD vs. INMU - 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% |
INMU BlackRock Intermediate Muni Income Bond ETF | 1.73% | 5.52% | 2.77% | 6.50% | -7.78% | 1.93% |
Correlation
The correlation between LCTD and INMU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021 | 0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LCTD vs. INMU — Risk / Return Rank
LCTD
INMU
LCTD vs. INMU - 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 Intermediate Muni Income Bond ETF (INMU). 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 | INMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.65 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.79 | -1.02 |
| Martin ratioReturn relative to average drawdown | 6.39 | 9.53 | -3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LCTD | INMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.87 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.50 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.60 | -0.11 |
Drawdowns
LCTD vs. INMU - Drawdown Comparison
The maximum LCTD drawdown since its inception was -29.82%, which is greater than INMU's maximum drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for LCTD and INMU.
Loading charts...
Drawdown Indicators
| LCTD | INMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.82% | -10.67% | -19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -2.58% | -8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.59% | -4.88% | -8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.82% | -10.67% | -19.15% |
Current DrawdownCurrent decline from peak | -3.23% | -0.66% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -2.81% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.75% | +2.28% |
Volatility
LCTD vs. INMU - Volatility Comparison
BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) has a higher volatility of 4.31% compared to BlackRock Intermediate Muni Income Bond ETF (INMU) at 0.81%. This indicates that LCTD's price experiences larger fluctuations and is considered to be riskier than INMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LCTD | INMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 0.81% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 1.88% | +10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 2.51% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 3.60% | +12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 3.54% | +12.52% |
LCTD vs. INMU - Expense Ratio Comparison
LCTD has a 0.20% expense ratio, which is lower than INMU's 0.30% expense ratio.
Dividends
LCTD vs. INMU - Dividend Comparison
LCTD's dividend yield for the trailing twelve months is around 3.40%, more than INMU's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 3.36% | 3.48% | 3.47% | 3.44% | 1.92% | 1.14% |
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
LCTD and INMU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCTD has higher volatility (4.31%) compared to INMU (0.81%). In terms of maximum drawdown, LCTD dropped -29.82% vs INMU's -10.67%.
On 5-year performance, LCTD leads with 6.77% vs 1.78% for INMU. On fees, LCTD is cheaper at 0.20% per year. On volatility, INMU has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LCTD has performed better with a 6.77% return vs 1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LCTD is cheaper with a 0.20% expense ratio, compared with 0.30% for INMU.
LCTD has the higher dividend yield at 3.40%, compared with 3.36% for INMU.
LCTD is categorized as Alternative Energy Equities, while INMU is Municipal Bonds. Their fees differ too: 0.20% for LCTD and 0.30% for INMU.
INMU currently has the higher Sharpe Ratio (2.87 vs 1.33), 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.
Find the right allocation for LCTD and INMU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer