LCTU vs. SMMU
Compare and contrast key facts about BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and PIMCO Short Term Municipal Bond Active ETF (SMMU).
LCTU and SMMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LCTU is an actively managed fund by BlackRock. It was launched on Apr 6, 2021. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010.
Performance
LCTU vs. SMMU - Performance Comparison
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LCTU vs. SMMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | -5.13% | 16.96% | 24.00% | 25.38% | -20.02% | 17.49% |
SMMU PIMCO Short Term Municipal Bond Active ETF | 0.49% | 4.06% | 2.68% | 4.39% | -2.45% | 0.14% |
Returns By Period
In the year-to-date period, LCTU achieves a -5.13% return, which is significantly lower than SMMU's 0.49% return.
LCTU
- 1D
- 2.89%
- 1M
- -5.09%
- YTD
- -5.13%
- 6M
- -2.83%
- 1Y
- 16.96%
- 3Y*
- 17.22%
- 5Y*
- —
- 10Y*
- —
SMMU
- 1D
- 0.08%
- 1M
- -0.63%
- YTD
- 0.49%
- 6M
- 1.19%
- 1Y
- 3.72%
- 3Y*
- 3.41%
- 5Y*
- 1.85%
- 10Y*
- 1.80%
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LCTU vs. SMMU - Expense Ratio Comparison
LCTU has a 0.15% expense ratio, which is lower than SMMU's 0.35% expense ratio.
Return for Risk
LCTU vs. SMMU — Risk / Return Rank
LCTU
SMMU
LCTU vs. SMMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and PIMCO Short Term Municipal Bond Active ETF (SMMU). 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 | SMMU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 2.10 | -1.19 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.53 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.59 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.03 | -0.64 |
Martin ratioReturn relative to average drawdown | 6.48 | 10.49 | -4.01 |
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 | SMMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.10 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.59 | 0.00 |
Correlation
The correlation between LCTU and SMMU is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LCTU vs. SMMU - Dividend Comparison
LCTU's dividend yield for the trailing twelve months is around 1.07%, less than SMMU's 2.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCTU BlackRock U.S. Carbon Transition Readiness ETF | 1.07% | 1.02% | 1.27% | 1.46% | 1.63% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMMU PIMCO Short Term Municipal Bond Active ETF | 2.58% | 2.80% | 3.03% | 2.79% | 1.37% | 0.60% | 1.19% | 1.82% | 1.57% | 1.41% | 1.03% | 0.89% |
Drawdowns
LCTU vs. SMMU - Drawdown Comparison
The maximum LCTU drawdown since its inception was -25.93%, which is greater than SMMU's maximum drawdown of -5.09%. Use the drawdown chart below to compare losses from any high point for LCTU and SMMU.
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Drawdown Indicators
| LCTU | SMMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.93% | -5.09% | -20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -1.95% | -10.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.09% | — |
Current DrawdownCurrent decline from peak | -6.76% | -0.63% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -0.55% | -5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.38% | +2.31% |
Volatility
LCTU vs. SMMU - Volatility Comparison
BlackRock U.S. Carbon Transition Readiness ETF (LCTU) has a higher volatility of 5.40% compared to PIMCO Short Term Municipal Bond Active ETF (SMMU) at 0.53%. This indicates that LCTU's price experiences larger fluctuations and is considered to be riskier than SMMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCTU | SMMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 0.53% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 0.74% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 1.79% | +16.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 1.67% | +15.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 2.75% | +14.42% |