PBD vs. LCTD
Compare and contrast key facts about Invesco Global Clean Energy ETF (PBD) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).
PBD and LCTD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 2007. LCTD is an actively managed fund by BlackRock. It was launched on Apr 8, 2021.
Performance
PBD vs. LCTD - Performance Comparison
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PBD vs. LCTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PBD Invesco Global Clean Energy ETF | 11.61% | 43.65% | -26.39% | -10.69% | -29.70% | -15.20% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 1.14% | 30.42% | 3.14% | 17.10% | -16.16% | 4.36% |
Returns By Period
In the year-to-date period, PBD achieves a 11.61% return, which is significantly higher than LCTD's 1.14% return.
PBD
- 1D
- 3.34%
- 1M
- -2.23%
- YTD
- 11.61%
- 6M
- 19.78%
- 1Y
- 74.57%
- 3Y*
- -0.76%
- 5Y*
- -9.29%
- 10Y*
- 7.28%
LCTD
- 1D
- 3.15%
- 1M
- -7.73%
- YTD
- 1.14%
- 6M
- 5.65%
- 1Y
- 24.28%
- 3Y*
- 13.76%
- 5Y*
- —
- 10Y*
- —
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PBD vs. LCTD - Expense Ratio Comparison
PBD has a 0.75% expense ratio, which is higher than LCTD's 0.20% expense ratio.
Return for Risk
PBD vs. LCTD — Risk / Return Rank
PBD
LCTD
PBD vs. LCTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). 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.
| PBD | LCTD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.96 | 1.43 | +1.53 |
Sortino ratioReturn per unit of downside risk | 3.67 | 2.00 | +1.68 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 5.24 | 2.13 | +3.11 |
Martin ratioReturn relative to average drawdown | 19.56 | 8.08 | +11.48 |
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
| PBD | LCTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.96 | 1.43 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.43 | -0.44 |
Correlation
The correlation between PBD and LCTD is 0.72, 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.
Dividends
PBD vs. LCTD - Dividend Comparison
PBD's dividend yield for the trailing twelve months is around 2.02%, less than LCTD's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBD Invesco Global Clean Energy ETF | 2.02% | 2.71% | 1.81% | 2.85% | 2.98% | 0.67% | 0.48% | 1.83% | 1.86% | 1.76% | 2.04% | 1.24% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.57% | 3.61% | 3.74% | 3.16% | 3.52% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBD vs. LCTD - Drawdown Comparison
The maximum PBD drawdown since its inception was -78.60%, which is greater than LCTD's maximum drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for PBD and LCTD.
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Drawdown Indicators
| PBD | LCTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.60% | -29.82% | -48.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -10.92% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -69.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -75.40% | — | — |
Current DrawdownCurrent decline from peak | -50.86% | -7.95% | -42.91% |
Average DrawdownAverage peak-to-trough decline | -53.49% | -6.91% | -46.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 2.88% | +0.74% |
Volatility
PBD vs. LCTD - Volatility Comparison
Invesco Global Clean Energy ETF (PBD) has a higher volatility of 9.50% compared to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) at 7.53%. This indicates that PBD's price experiences larger fluctuations and is considered to be riskier than LCTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBD | LCTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.50% | 7.53% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 17.96% | 10.99% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 17.08% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.43% | 16.02% | +12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.11% | 16.02% | +11.09% |