LCTD vs. VOO

Last updated Aug 4, 2026

LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - LCTD is a Alternative Energy Equities fund actively managed by BlackRock, while VOO is a S&P 500 fund tracking the S&P 500 Index. LCTD is actively managed, while VOO is passively managed. Over the past 5 years, LCTD returned 7.61%/yr vs 13.12%/yr for VOO. Their 0.77 correlation means they have sometimes moved together and sometimes differently. LCTD charges 0.20%/yr vs 0.03%/yr for VOO.

Performance

LCTD vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCTD achieves a 9.67% return, which is significantly lower than VOO's 11.72% return.

LCTD

• 1D: 0.40%
• 1M: 1.73%
• 6M: 4.47%
• YTD: 9.67%
• 1Y: 22.85%
• 3Y*: 15.76%
• 5Y*: 7.61%
• 10Y*: —
• ALL TIME*: 8.10%

VOO

• 1D: 1.42%
• 1M: 1.69%
• 6M: 9.53%
• YTD: 11.72%
• 1Y: 23.30%
• 3Y*: 20.85%
• 5Y*: 13.12%
• 10Y*: 15.17%
• ALL TIME*: 14.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	$320.78K	$394.26K	$1.78M
VOO Vanguard S&P 500 ETF	$3.97B	$3.80B	$5.49B

LCTD vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	9.67%	30.42%	3.14%	17.10%	-16.16%	4.48%
VOO Vanguard S&P 500 ETF	11.72%	17.82%	24.98%	26.32%	-18.17%	18.03%

Correlation

The correlation between LCTD and VOO is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021	0.77

The correlation between LCTD and VOO has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

LCTD vs. VOO - Sectors Allocation Comparison

Sectors	LCTD	VOO
Financial Services	27.8%	11.4%
Industrials	17.3%	8.5%
Technology	10.8%	38.6%
Healthcare	9.6%	8.9%
Basic Materials	7.2%	1.7%
Consumer Cyclical	6.2%	9.5%
Consumer Defensive	5.7%	4.5%
Energy	5.3%	3.0%
Utilities	3.6%	2.2%
Communication Services	3.1%	9.9%
Real Estate	1.5%	1.8%

Return for Risk

LCTD vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LCTD

LCTD Risk / Return Rank: 60
LCTD Sharpe Ratio Rank: 63
LCTD Sortino Ratio Rank: 63
LCTD Omega Ratio Rank: 60
LCTD Calmar Ratio Rank: 57
LCTD Martin Ratio Rank: 59

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 79
VOO Sortino Ratio Rank: 77
VOO Omega Ratio Rank: 78
VOO Calmar Ratio Rank: 74
VOO Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LCTD vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LCTD	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.83	-0.31
Sortino ratio: Return per unit of downside risk	2.17	2.53	-0.35
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	2.10	2.63	-0.53
Martin ratio: Return relative to average drawdown	7.32	11.23	-3.91

LCTD vs. VOO - Sharpe Ratio Comparison

The current LCTD Sharpe Ratio is 1.52, which is comparable to the VOO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of LCTD and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCTD vs. VOO - Drawdown Comparison

The maximum LCTD drawdown since its inception was -29.82%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LCTD and VOO.

Drawdown Indicators

	LCTD	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-29.82%	-33.99%	+4.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-8.90%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.59%	-18.69%	+5.10%
Max Drawdown (5Y) Largest decline over 5 years	-29.82%	-24.52%	-5.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-6.65%	-3.67%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.08%	+1.05%

Volatility

LCTD vs. VOO - Volatility Comparison

BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) has a higher volatility of 4.25% compared to Vanguard S&P 500 ETF (VOO) at 3.81%. This indicates that LCTD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTD	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	3.81%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	10.18%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	12.80%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	16.95%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.04%	18.02%	-1.98%

LCTD vs. VOO - Expense Ratio Comparison

LCTD has a 0.20% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LCTD vs. VOO - Dividend Comparison

LCTD's dividend yield for the trailing twelve months is around 3.31%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.31%	3.61%	3.74%	3.16%	3.52%	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both LCTD and VOO in my portfolio?

LCTD and VOO have a correlation of 0.78, 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 VOO?

LCTD has higher volatility (4.25%) compared to VOO (3.81%). In terms of maximum drawdown, LCTD dropped -29.82% vs VOO's -33.99%.

Which ETF is better, LCTD or VOO?

On 5-year performance, VOO leads with 13.12% vs 7.61% for LCTD. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCTD or VOO?

Over the 5-year period, VOO has performed better with a 13.12% return vs 7.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCTD or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for LCTD.

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

LCTD has the higher dividend yield at 3.31%, compared with 1.05% for VOO.

What is the main difference between LCTD and VOO?

LCTD is categorized as Alternative Energy Equities, while VOO is S&P 500. They also come from different issuers: BlackRock and Vanguard. Their fees differ too: 0.20% for LCTD and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.83 vs 1.52), 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.