LCTU vs. KLMN
LCTU (BlackRock U.S. Carbon Transition Readiness ETF) and KLMN (Invesco MSCI North America Climate ETF) are both exchange-traded funds - LCTU is a ESG fund actively managed by BlackRock, while KLMN is a Large Cap Blend Equities fund tracking the MSCI Global Climate 500 North America Selection Index. LCTU is actively managed, while KLMN is passively managed. Over the past year, LCTU returned 25.72% vs 27.74% for KLMN. With a 0.98 correlation, they move nearly in lockstep. LCTU charges 0.15%/yr vs 0.09%/yr for KLMN.
Performance
LCTU vs. KLMN - Performance Comparison
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Returns By Period
In the year-to-date period, LCTU achieves a 9.04% return, which is significantly lower than KLMN's 10.80% return.
LCTU
- 1D
- -0.74%
- 1M
- 5.23%
- YTD
- 9.04%
- 6M
- 9.21%
- 1Y
- 25.72%
- 3Y*
- 21.17%
- 5Y*
- 12.37%
- 10Y*
- —
KLMN
- 1D
- -0.74%
- 1M
- 5.01%
- YTD
- 10.80%
- 6M
- 10.80%
- 1Y
- 27.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LCTU vs. KLMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 9.04% | 16.96% | -3.38% |
KLMN Invesco MSCI North America Climate ETF | 10.80% | 18.24% | -3.62% |
Correlation
The correlation between LCTU and KLMN is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.98 |
The correlation between LCTU and KLMN has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
LCTU vs. KLMN — Risk / Return Rank
LCTU
KLMN
LCTU vs. KLMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and Invesco MSCI North America Climate ETF (KLMN). 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 | KLMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.11 | -0.36 |
| Martin ratioReturn relative to average drawdown | 12.25 | 14.14 | -1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCTU | KLMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.28 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.99 | -0.23 |
Drawdowns
LCTU vs. KLMN - Drawdown Comparison
The maximum LCTU drawdown since its inception was -25.93%, which is greater than KLMN's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for LCTU and KLMN.
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Drawdown Indicators
| LCTU | KLMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.93% | -19.16% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -8.96% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.74% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -2.54% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.97% | +0.14% |
Volatility
LCTU vs. KLMN - Volatility Comparison
BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and Invesco MSCI North America Climate ETF (KLMN) have volatilities of 3.04% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCTU | KLMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.95% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 9.21% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 12.22% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 17.61% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 17.61% | -0.59% |
LCTU vs. KLMN - Expense Ratio Comparison
LCTU has a 0.15% expense ratio, which is higher than KLMN's 0.09% 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
LCTU vs. KLMN - Dividend Comparison
LCTU's dividend yield for the trailing twelve months is around 0.93%, less than KLMN's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KLMN Invesco MSCI North America Climate ETF | 1.28% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 0.93% | 1.02% | 1.27% | 1.46% | 1.63% | 2.20% |
Frequently Asked Questions
With a correlation of 0.97, LCTU and KLMN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LCTU has higher volatility (3.04%) compared to KLMN (2.95%). In terms of maximum drawdown, LCTU dropped -25.93% vs KLMN's -19.16%.
On 1-year performance, KLMN leads with 27.74% vs 25.72% for LCTU. On fees, KLMN is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KLMN has performed better with a 27.74% return vs 25.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KLMN is cheaper with a 0.09% expense ratio, compared with 0.15% for LCTU.
KLMN has the higher dividend yield at 1.28%, compared with 0.93% for LCTU.
LCTU is categorized as ESG, while KLMN is Large Cap Blend Equities. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.15% for LCTU and 0.09% for KLMN.
KLMN currently has the higher Sharpe Ratio (2.28 vs 2.10), 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.
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