LCTD vs. KRBN
Compare and contrast key facts about BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) and KraneShares Global Carbon ETF (KRBN).
LCTD and KRBN 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. KRBN is a passively managed fund by CICC that tracks the performance of the IHS Markit Global Carbon Index. It was launched on Jul 30, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LCTD or KRBN.
Performance
LCTD vs. KRBN - Performance Comparison
Returns By Period
In the year-to-date period, LCTD achieves a 4.86% return, which is significantly higher than KRBN's -14.33% return.
LCTD
4.86%
-3.16%
-1.28%
11.33%
N/A
N/A
KRBN
-14.33%
-1.36%
-12.41%
-11.13%
N/A
N/A
Key characteristics
| LCTD | KRBN | |
|---|---|---|
| Sharpe Ratio | 0.88 | -0.48 |
| Sortino Ratio | 1.27 | -0.57 |
| Omega Ratio | 1.16 | 0.94 |
| Calmar Ratio | 1.21 | -0.34 |
| Martin Ratio | 4.04 | -0.90 |
| Ulcer Index | 2.81% | 12.38% |
| Daily Std Dev | 12.90% | 23.36% |
| Max Drawdown | -29.82% | -36.42% |
| Current Drawdown | -8.00% | -26.61% |
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LCTD vs. KRBN - Expense Ratio Comparison
LCTD has a 0.20% expense ratio, which is lower than KRBN's 0.79% expense ratio.
Correlation
The correlation between LCTD and KRBN is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
LCTD vs. KRBN - 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 KraneShares Global Carbon ETF (KRBN). 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. KRBN - Dividend Comparison
LCTD's dividend yield for the trailing twelve months is around 3.41%, less than KRBN's 3.61% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.41% | 3.16% | 3.52% | 2.21% |
KRBN KraneShares Global Carbon ETF | 3.61% | 7.60% | 22.91% | 0.49% |
Drawdowns
LCTD vs. KRBN - Drawdown Comparison
The maximum LCTD drawdown since its inception was -29.82%, smaller than the maximum KRBN drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for LCTD and KRBN. For additional features, visit the drawdowns tool.
Volatility
LCTD vs. KRBN - Volatility Comparison
The current volatility for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is 3.61%, while KraneShares Global Carbon ETF (KRBN) has a volatility of 6.09%. This indicates that LCTD experiences smaller price fluctuations and is considered to be less risky than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.