LCTU vs. PARWX
Compare and contrast key facts about BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and Parnassus Endeavor Fund (PARWX).
LCTU is an actively managed fund by Blackrock Financial Management. It was launched on Apr 6, 2021. PARWX is managed by Parnassus. It was launched on Apr 29, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LCTU or PARWX.
Performance
LCTU vs. PARWX - Performance Comparison
Returns By Period
In the year-to-date period, LCTU achieves a 25.86% return, which is significantly higher than PARWX's 16.34% return.
LCTU
25.86%
3.49%
13.66%
32.97%
N/A
N/A
PARWX
16.34%
2.91%
9.62%
24.88%
11.17%
8.63%
Key characteristics
| LCTU | PARWX | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.11 |
| Sortino Ratio | 3.58 | 2.89 |
| Omega Ratio | 1.49 | 1.37 |
| Calmar Ratio | 3.77 | 1.17 |
| Martin Ratio | 16.90 | 9.86 |
| Ulcer Index | 1.95% | 2.52% |
| Daily Std Dev | 12.30% | 11.82% |
| Max Drawdown | -25.92% | -48.96% |
| Current Drawdown | -0.34% | -1.49% |
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LCTU vs. PARWX - Expense Ratio Comparison
LCTU has a 0.15% expense ratio, which is lower than PARWX's 0.88% expense ratio.
Correlation
The correlation between LCTU and PARWX is 0.91, 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.
Risk-Adjusted Performance
LCTU vs. PARWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and Parnassus Endeavor Fund (PARWX). 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
LCTU vs. PARWX - Dividend Comparison
LCTU's dividend yield for the trailing twelve months is around 1.24%, more than PARWX's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 1.24% | 1.46% | 1.62% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PARWX Parnassus Endeavor Fund | 1.03% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% | 1.85% |
Drawdowns
LCTU vs. PARWX - Drawdown Comparison
The maximum LCTU drawdown since its inception was -25.92%, smaller than the maximum PARWX drawdown of -48.96%. Use the drawdown chart below to compare losses from any high point for LCTU and PARWX. For additional features, visit the drawdowns tool.
Volatility
LCTU vs. PARWX - Volatility Comparison
BlackRock U.S. Carbon Transition Readiness ETF (LCTU) has a higher volatility of 4.05% compared to Parnassus Endeavor Fund (PARWX) at 3.59%. This indicates that LCTU's price experiences larger fluctuations and is considered to be riskier than PARWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.