LCTD vs. URAN

Last updated Jun 4, 2026

LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) and URAN (Themes Uranium & Nuclear ETF) are both exchange-traded funds - LCTD is a Alternative Energy Equities fund actively managed by BlackRock, while URAN is a Commodity Producers Equities fund tracking the BITA Global Uranium and Nuclear Select Index. LCTD is actively managed, while URAN is passively managed. Over the past year, LCTD returned 19.28% vs 28.74% for URAN. At a 0.47 correlation, their price movements are largely independent. LCTD charges 0.20%/yr vs 0.35%/yr for URAN.

Performance

LCTD vs. URAN - 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 Themes Uranium & Nuclear ETF (URAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCTD achieves a 6.33% return, which is significantly higher than URAN's 5.17% return.

LCTD

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

URAN

• 1D: -3.96%
• 1M: -5.96%
• YTD: 5.17%
• 6M: 2.21%
• 1Y: 28.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCTD vs. URAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	6.33%	30.42%	-8.17%
URAN Themes Uranium & Nuclear ETF	5.17%	49.05%	4.09%

Correlation

The correlation between LCTD and URAN is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.47

Return for Risk

LCTD vs. URAN — 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

URAN

URAN Risk / Return Rank: 22
URAN Sharpe Ratio Rank: 21
URAN Sortino Ratio Rank: 23
URAN Omega Ratio Rank: 21
URAN Calmar Ratio Rank: 24
URAN Martin Ratio Rank: 20

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. URAN - 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 Themes Uranium & Nuclear ETF (URAN). 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	URAN	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.73	+0.60
Sortino ratio: Return per unit of downside risk	1.92	1.25	+0.68
Omega ratio: Gain probability vs. loss probability	1.24	1.15	+0.09
Calmar ratio: Return relative to maximum drawdown	1.77	1.14	+0.63
Martin ratio: Return relative to average drawdown	6.39	2.27	+4.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCTD vs. URAN - Sharpe Ratio Comparison

The current LCTD Sharpe Ratio is 1.33, which is higher than the URAN Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of LCTD and URAN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCTD	URAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.73	+0.60
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	0.87	-0.39

Drawdowns

LCTD vs. URAN - Drawdown Comparison

The maximum LCTD drawdown since its inception was -29.82%, smaller than the maximum URAN drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for LCTD and URAN.

Drawdown Indicators

	LCTD	URAN	Difference
Max Drawdown Largest peak-to-trough decline	-29.82%	-31.96%	+2.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-25.31%	+14.39%
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%	-20.16%	+16.93%
Average Drawdown Average peak-to-trough decline	-6.79%	-10.75%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	12.71%	-9.68%

Volatility

LCTD vs. URAN - Volatility Comparison

The current volatility for BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is 4.31%, while Themes Uranium & Nuclear ETF (URAN) has a volatility of 12.29%. This indicates that LCTD experiences smaller price fluctuations and is considered to be less risky than URAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTD	URAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	12.29%	-7.98%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	29.33%	-17.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	39.47%	-24.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	39.13%	-22.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	39.13%	-23.07%

LCTD vs. URAN - Expense Ratio Comparison

LCTD has a 0.20% expense ratio, which is lower than URAN's 0.35% expense ratio.

Dividends

LCTD vs. URAN - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.40%, more than URAN's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.40%	3.61%	3.74%	3.16%	3.52%	2.20%
URAN Themes Uranium & Nuclear ETF	2.44%	2.56%	0.21%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCTD and URAN in my portfolio?

LCTD and URAN have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCTD or URAN?

URAN has higher volatility (12.29%) compared to LCTD (4.31%). In terms of maximum drawdown, LCTD dropped -29.82% vs URAN's -31.96%.

Which ETF is better, LCTD or URAN?

On 1-year performance, URAN leads with 28.74% vs 19.28% for LCTD. On fees, LCTD is cheaper at 0.20% per year. On volatility, LCTD has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCTD or URAN?

Over the 1-year period, URAN has performed better with a 28.74% return vs 19.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCTD or URAN?

LCTD is cheaper with a 0.20% expense ratio, compared with 0.35% for URAN.

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

LCTD has the higher dividend yield at 3.40%, compared with 2.44% for URAN.

What is the main difference between LCTD and URAN?

LCTD is categorized as Alternative Energy Equities, while URAN is Commodity Producers Equities. They also come from different issuers: BlackRock and Themes. Their fees differ too: 0.20% for LCTD and 0.35% for URAN.

Which has better risk-adjusted returns?

LCTD currently has the higher Sharpe Ratio (1.33 vs 0.73), 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.