LCTU vs. PARWX
LCTU (BlackRock U.S. Carbon Transition Readiness ETF) and PARWX (Parnassus Endeavor Fund) are both funds - LCTU is a ESG fund actively managed by BlackRock, while PARWX is a Large Cap Value Equities fund managed by Parnassus. Over the past 5 years, LCTU returned 11.42%/yr vs 9.69%/yr for PARWX. Their correlation of 0.90 means they have usually moved in the same direction. LCTU charges 0.15%/yr vs 0.88%/yr for PARWX.
Performance
LCTU vs. PARWX - Performance Comparison
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Returns By Period
In the year-to-date period, LCTU achieves a 8.70% return, which is significantly lower than PARWX's 16.18% return.
LCTU
- 1D
- 0.50%
- 1M
- 0.00%
- 6M
- 7.81%
- YTD
- 8.70%
- 1Y
- 19.58%
- 3Y*
- 18.15%
- 5Y*
- 11.42%
- 10Y*
- —
- ALL TIME*
- 12.41%
PARWX
- 1D
- 2.05%
- 1M
- -0.28%
- 6M
- 11.59%
- YTD
- 16.18%
- 1Y
- 30.17%
- 3Y*
- 17.56%
- 5Y*
- 9.69%
- 10Y*
- 14.90%
- ALL TIME*
- 12.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.76M | $15.41M | $7.11M | |
| $0.00 | $0.00 | $0.00 |
LCTU vs. PARWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 8.70% | 16.96% | 24.00% | 25.38% | -20.02% | 17.74% |
PARWX Parnassus Endeavor Fund | 16.18% | 19.07% | 12.03% | 13.67% | -13.71% | 9.02% |
Correlation
The correlation between LCTU and PARWX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021 | 0.90 |
The correlation between LCTU and PARWX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
LCTU vs. PARWX — Risk / Return Rank
LCTU
PARWX
LCTU vs. PARWX - Risk-Adjusted Trends 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.
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.
| LCTU | PARWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.10 | -1.22 |
| Martin ratioReturn relative to average drawdown | 7.95 | 14.45 | -6.50 |
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Drawdowns
LCTU vs. PARWX - Drawdown Comparison
The maximum LCTU drawdown since its inception was -25.93%, smaller than the maximum PARWX drawdown of -47.76%. Use the drawdown chart below to compare losses from any high point for LCTU and PARWX.
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Drawdown Indicators
| LCTU | PARWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.93% | -47.76% | +21.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -8.92% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -18.02% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | -32.27% | +6.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.21% | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.72% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -6.84% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.92% | +0.30% |
Volatility
LCTU vs. PARWX - Volatility Comparison
BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and Parnassus Endeavor Fund (PARWX) have volatilities of 3.28% and 3.41%, 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 | PARWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.41% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 9.64% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 12.39% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 18.74% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 20.95% | -4.03% |
LCTU vs. PARWX - Expense Ratio Comparison
LCTU has a 0.15% expense ratio, which is lower than PARWX's 0.88% expense ratio.
Dividends
LCTU vs. PARWX - Dividend Comparison
LCTU's dividend yield for the trailing twelve months is around 0.96%, less than PARWX's 10.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 0.96% | 1.02% | 1.27% | 1.46% | 1.63% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PARWX Parnassus Endeavor Fund | 10.45% | 12.14% | 8.25% | 1.76% | 2.97% | 16.75% | 0.70% | 0.79% | 12.34% | 6.32% | 3.27% | 10.26% |
Frequently Asked Questions
LCTU and PARWX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PARWX has higher volatility (3.41%) compared to LCTU (3.28%). In terms of maximum drawdown, LCTU dropped -25.93% vs PARWX's -47.76%.
PARWX currently has the higher Sharpe Ratio (2.23 vs 1.36), 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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