PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
LCTU vs. PARWX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LCTU and PARWX is 0.90, 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.


-0.50.00.51.00.9

Performance

LCTU vs. PARWX - Performance Comparison

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

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
11.22%
-0.50%
LCTU
PARWX

Key characteristics

Sharpe Ratio

LCTU:

2.19

PARWX:

0.46

Sortino Ratio

LCTU:

2.92

PARWX:

0.66

Omega Ratio

LCTU:

1.40

PARWX:

1.10

Calmar Ratio

LCTU:

3.16

PARWX:

0.37

Martin Ratio

LCTU:

13.88

PARWX:

1.86

Ulcer Index

LCTU:

1.99%

PARWX:

3.27%

Daily Std Dev

LCTU:

12.61%

PARWX:

13.19%

Max Drawdown

LCTU:

-25.93%

PARWX:

-48.96%

Current Drawdown

LCTU:

-1.02%

PARWX:

-10.88%

Returns By Period

In the year-to-date period, LCTU achieves a 27.20% return, which is significantly higher than PARWX's 5.48% return.


LCTU

YTD

27.20%

1M

1.06%

6M

11.22%

1Y

27.66%

5Y*

N/A

10Y*

N/A

PARWX

YTD

5.48%

1M

-9.34%

6M

-0.50%

1Y

6.07%

5Y*

7.79%

10Y*

7.29%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


LCTU vs. PARWX - Expense Ratio Comparison

LCTU has a 0.15% expense ratio, which is lower than PARWX's 0.88% expense ratio.


PARWX
Parnassus Endeavor Fund
Expense ratio chart for PARWX: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%
Expense ratio chart for LCTU: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

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.


Sharpe ratio
The chart of Sharpe ratio for LCTU, currently valued at 2.19, compared to the broader market0.002.004.002.190.46
The chart of Sortino ratio for LCTU, currently valued at 2.92, compared to the broader market-2.000.002.004.006.008.0010.002.920.66
The chart of Omega ratio for LCTU, currently valued at 1.40, compared to the broader market0.501.001.502.002.503.001.401.10
The chart of Calmar ratio for LCTU, currently valued at 3.16, compared to the broader market0.005.0010.0015.003.160.37
The chart of Martin ratio for LCTU, currently valued at 13.88, compared to the broader market0.0020.0040.0060.0080.00100.0013.881.86
LCTU
PARWX

The current LCTU Sharpe Ratio is 2.19, which is higher than the PARWX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of LCTU and PARWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.19
0.46
LCTU
PARWX

Dividends

LCTU vs. PARWX - Dividend Comparison

LCTU's dividend yield for the trailing twelve months is around 1.24%, while PARWX has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
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
0.00%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 -25.93%, 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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.02%
-10.88%
LCTU
PARWX

Volatility

LCTU vs. PARWX - Volatility Comparison

The current volatility for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is 4.04%, while Parnassus Endeavor Fund (PARWX) has a volatility of 7.09%. This indicates that LCTU experiences smaller price fluctuations and is considered to be less risky than PARWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.04%
7.09%
LCTU
PARWX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab