LCTU vs. BPAY

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and BlackRock Future Financial and Technology ETF (BPAY).

LCTU and BPAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LCTU is an actively managed fund by BlackRock. It was launched on Apr 6, 2021. BPAY is an actively managed fund by BlackRock. It was launched on Aug 16, 2022.

Performance

LCTU vs. BPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and BlackRock Future Financial and Technology ETF (BPAY). The values are adjusted to include any dividend payments, if applicable.

LCTU vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LCTU BlackRock U.S. Carbon Transition Readiness ETF	-4.34%	16.96%	24.00%	25.38%	-10.30%
BPAY BlackRock Future Financial and Technology ETF	-18.60%	8.54%	17.28%	13.19%	-16.39%

Returns By Period

In the year-to-date period, LCTU achieves a -4.34% return, which is significantly higher than BPAY's -18.60% return.

LCTU

• 1D: 0.83%
• 1M: -4.51%
• YTD: -4.34%
• 6M: -2.35%
• 1Y: 17.34%
• 3Y*: 17.55%
• 5Y*: —
• 10Y*: —

BPAY

• 1D: -0.02%
• 1M: -7.36%
• YTD: -18.60%
• 6M: -26.54%
• 1Y: -4.51%
• 3Y*: 8.29%
• 5Y*: —
• 10Y*: —

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

LCTU vs. BPAY - Expense Ratio Comparison

LCTU has a 0.15% expense ratio, which is lower than BPAY's 0.70% expense ratio.

BPAY

BlackRock Future Financial and Technology ETF

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

Return for Risk

LCTU vs. BPAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCTU

LCTU Risk / Return Rank: 54
LCTU Sharpe Ratio Rank: 49
LCTU Sortino Ratio Rank: 51
LCTU Omega Ratio Rank: 55
LCTU Calmar Ratio Rank: 52
LCTU Martin Ratio Rank: 62

BPAY

BPAY Risk / Return Rank: 9
BPAY Sharpe Ratio Rank: 9
BPAY Sortino Ratio Rank: 9
BPAY Omega Ratio Rank: 9
BPAY Calmar Ratio Rank: 10
BPAY Martin Ratio Rank: 10

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.

LCTU vs. BPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and BlackRock Future Financial and Technology ETF (BPAY). 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.

	LCTU	BPAY	Difference
Sharpe ratio Return per unit of total volatility	0.93	-0.15	+1.08
Sortino ratio Return per unit of downside risk	1.43	-0.02	+1.45
Omega ratio Gain probability vs. loss probability	1.22	1.00	+0.22
Calmar ratio Return relative to maximum drawdown	1.44	-0.11	+1.54
Martin ratio Return relative to average drawdown	6.59	-0.26	+6.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCTU vs. BPAY - Sharpe Ratio Comparison

The current LCTU Sharpe Ratio is 0.93, which is higher than the BPAY Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of LCTU and BPAY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LCTU	BPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	-0.15	+1.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	-0.02	+0.63

Correlation

The correlation between LCTU and BPAY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LCTU vs. BPAY - Dividend Comparison

LCTU's dividend yield for the trailing twelve months is around 1.06%, less than BPAY's 7.97% yield.

	TTM	2025	2024	2023	2022	2021
LCTU BlackRock U.S. Carbon Transition Readiness ETF	1.06%	1.02%	1.27%	1.46%	1.63%	2.20%
BPAY BlackRock Future Financial and Technology ETF	7.97%	6.49%	0.48%	1.18%	0.18%	0.00%

Drawdowns

LCTU vs. BPAY - Drawdown Comparison

The maximum LCTU drawdown since its inception was -25.93%, smaller than the maximum BPAY drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for LCTU and BPAY.

Drawdown Indicators

	LCTU	BPAY	Difference
Max Drawdown Largest peak-to-trough decline	-25.93%	-33.62%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-12.49%	-33.62%	+21.13%
Current Drawdown Current decline from peak	-5.99%	-31.23%	+25.24%
Average Drawdown Average peak-to-trough decline	-6.51%	-9.88%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	13.77%	-11.05%

Volatility

LCTU vs. BPAY - Volatility Comparison

The current volatility for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is 5.44%, while BlackRock Future Financial and Technology ETF (BPAY) has a volatility of 7.85%. This indicates that LCTU experiences smaller price fluctuations and is considered to be less risky than BPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTU	BPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	7.85%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	19.02%	-9.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.77%	29.27%	-10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	24.19%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	24.19%	-7.03%