LCTU vs. RSPE

Last updated Aug 4, 2026

LCTU (BlackRock U.S. Carbon Transition Readiness ETF) and RSPE (Invesco ESG S&P 500 Equal Weight ETF) are both exchange-traded funds - LCTU is a ESG fund actively managed by BlackRock, while RSPE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index. LCTU is actively managed, while RSPE is passively managed. Over the past 3 years, LCTU returned 19.59%/yr vs 15.88%/yr for RSPE. Their correlation of 0.88 means they have usually moved in the same direction. LCTU charges 0.15%/yr vs 0.20%/yr for RSPE.

Performance

LCTU vs. RSPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and Invesco ESG S&P 500 Equal Weight ETF (RSPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCTU achieves a 10.19% return, which is significantly lower than RSPE's 16.35% return.

LCTU

• 1D: 1.37%
• 1M: 1.37%
• 6M: 8.59%
• YTD: 10.19%
• 1Y: 21.22%
• 3Y*: 19.59%
• 5Y*: 11.69%
• 10Y*: —
• ALL TIME*: 12.68%

RSPE

• 1D: 0.71%
• 1M: 0.61%
• 6M: 11.63%
• YTD: 16.35%
• 1Y: 27.64%
• 3Y*: 15.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LCTU BlackRock U.S. Carbon Transition Readiness ETF	$1.72M	$15.35M	$7.18M
RSPE Invesco ESG S&P 500 Equal Weight ETF	$309.58K	$266.66K	$342.82K

LCTU vs. RSPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LCTU BlackRock U.S. Carbon Transition Readiness ETF	10.19%	16.96%	24.00%	25.38%	-20.02%	0.73%
RSPE Invesco ESG S&P 500 Equal Weight ETF	16.35%	14.58%	10.87%	13.97%	-12.21%	1.42%

Correlation

The correlation between LCTU and RSPE is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.88

The correlation between LCTU and RSPE shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

LCTU vs. RSPE - Sectors Allocation Comparison

Sectors	LCTU	RSPE
Technology	37.2%	17.9%
Financial Services	11.8%	15.5%
Consumer Cyclical	10.0%	11.1%
Communication Services	9.3%	3.6%
Industrials	9.1%	17.4%
Healthcare	9.0%	13.4%
Consumer Defensive	4.4%	6.8%
Energy	2.9%	-
Utilities	2.4%	2.8%
Real Estate	2.2%	6.8%
Basic Materials	1.8%	4.7%

Return for Risk

LCTU vs. RSPE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LCTU

LCTU Risk / Return Rank: 66
LCTU Sharpe Ratio Rank: 67
LCTU Sortino Ratio Rank: 66
LCTU Omega Ratio Rank: 65
LCTU Calmar Ratio Rank: 61
LCTU Martin Ratio Rank: 73

RSPE

RSPE Risk / Return Rank: 85
RSPE Sharpe Ratio Rank: 88
RSPE Sortino Ratio Rank: 88
RSPE Omega Ratio Rank: 85
RSPE Calmar Ratio Rank: 81
RSPE Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LCTU vs. RSPE - 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 ESG S&P 500 Equal Weight ETF (RSPE). 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	RSPE	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.21	-0.56
Sortino ratio: Return per unit of downside risk	2.29	3.12	-0.84
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.09
Calmar ratio: Return relative to maximum drawdown	2.27	3.10	-0.83
Martin ratio: Return relative to average drawdown	9.58	12.61	-3.03

LCTU vs. RSPE - Sharpe Ratio Comparison

The current LCTU Sharpe Ratio is 1.64, which is comparable to the RSPE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of LCTU and RSPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCTU vs. RSPE - Drawdown Comparison

The maximum LCTU drawdown since its inception was -25.93%, which is greater than RSPE's maximum drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for LCTU and RSPE.

Drawdown Indicators

	LCTU	RSPE	Difference
Max Drawdown Largest peak-to-trough decline	-25.93%	-22.93%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-8.95%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.83%	-18.58%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	—	—
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-6.17%	-5.86%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.20%	+0.02%

Volatility

LCTU vs. RSPE - Volatility Comparison

BlackRock U.S. Carbon Transition Readiness ETF (LCTU) has a higher volatility of 3.55% compared to Invesco ESG S&P 500 Equal Weight ETF (RSPE) at 2.87%. This indicates that LCTU's price experiences larger fluctuations and is considered to be riskier than RSPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCTU	RSPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	2.87%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	9.26%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	12.62%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	16.60%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	16.60%	+0.33%

LCTU vs. RSPE - Expense Ratio Comparison

LCTU has a 0.15% expense ratio, which is lower than RSPE's 0.20% expense ratio. Despite the difference, 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. RSPE - Dividend Comparison

LCTU's dividend yield for the trailing twelve months is around 0.95%, less than RSPE's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021
LCTU BlackRock U.S. Carbon Transition Readiness ETF	0.95%	1.02%	1.27%	1.46%	1.63%	2.20%
RSPE Invesco ESG S&P 500 Equal Weight ETF	1.44%	1.63%	1.57%	1.91%	1.83%	0.29%

Frequently Asked Questions

Can I hold both LCTU and RSPE in my portfolio?

LCTU and RSPE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCTU or RSPE?

LCTU has higher volatility (3.55%) compared to RSPE (2.87%). In terms of maximum drawdown, LCTU dropped -25.93% vs RSPE's -22.93%.

Which ETF is better, LCTU or RSPE?

On 3-year performance, LCTU leads with 19.59% vs 15.88% for RSPE. On fees, LCTU is cheaper at 0.15% per year. On volatility, RSPE has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCTU or RSPE?

Over the 3-year period, LCTU has performed better with a 19.59% return vs 15.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCTU or RSPE?

LCTU is cheaper with a 0.15% expense ratio, compared with 0.20% for RSPE.

Which ETF pays a higher dividend yield, LCTU or RSPE?

RSPE has the higher dividend yield at 1.44%, compared with 0.95% for LCTU.

What is the main difference between LCTU and RSPE?

LCTU is categorized as ESG, while RSPE is S&P 500. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.15% for LCTU and 0.20% for RSPE.

Which has better risk-adjusted returns?

RSPE currently has the higher Sharpe Ratio (2.21 vs 1.64), 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.