PWER vs. LCTD

Last updated Apr 3, 2026

Compare and contrast key facts about Macquarie Energy Transition ETF (PWER) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).

PWER and LCTD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWER is an actively managed fund by Macquarie. It was launched on Nov 28, 2023. LCTD is an actively managed fund by BlackRock. It was launched on Apr 8, 2021.

Performance

PWER vs. LCTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Energy Transition ETF (PWER) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). The values are adjusted to include any dividend payments, if applicable.

PWER vs. LCTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PWER Macquarie Energy Transition ETF	16.14%	35.28%	-3.50%	9.72%
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	2.28%	30.42%	3.14%	5.51%

Returns By Period

In the year-to-date period, PWER achieves a 16.14% return, which is significantly higher than LCTD's 2.28% return.

PWER

• 1D: -0.17%
• 1M: 0.58%
• YTD: 16.14%
• 6M: 23.78%
• 1Y: 59.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LCTD

• 1D: -0.49%
• 1M: -2.35%
• YTD: 2.28%
• 6M: 5.67%
• 1Y: 24.60%
• 3Y*: 13.86%
• 5Y*: —
• 10Y*: —

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

PWER vs. LCTD - Expense Ratio Comparison

PWER has a 0.80% expense ratio, which is higher than LCTD's 0.20% expense ratio.

PWER

Macquarie Energy Transition ETF

LCTD

BlackRock World ex U.S. Carbon Transition Readiness ETF

Return for Risk

PWER vs. LCTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PWER

PWER Risk / Return Rank: 93
PWER Sharpe Ratio Rank: 94
PWER Sortino Ratio Rank: 93
PWER Omega Ratio Rank: 93
PWER Calmar Ratio Rank: 89
PWER Martin Ratio Rank: 94

LCTD

LCTD Risk / Return Rank: 74
LCTD Sharpe Ratio Rank: 75
LCTD Sortino Ratio Rank: 75
LCTD Omega Ratio Rank: 73
LCTD Calmar Ratio Rank: 74
LCTD Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PWER vs. LCTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) 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.

	PWER	LCTD	Difference
Sharpe ratio Return per unit of total volatility	2.37	1.44	+0.93
Sortino ratio Return per unit of downside risk	2.92	2.02	+0.90
Omega ratio Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio Return relative to maximum drawdown	3.55	2.30	+1.24
Martin ratio Return relative to average drawdown	17.34	8.56	+8.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PWER vs. LCTD - Sharpe Ratio Comparison

The current PWER Sharpe Ratio is 2.37, which is higher than the LCTD Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of PWER and LCTD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PWER	LCTD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.44	+0.93
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.45	+0.59

Correlation

The correlation between PWER and LCTD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PWER vs. LCTD - Dividend Comparison

PWER's dividend yield for the trailing twelve months is around 1.18%, less than LCTD's 3.53% yield.

	TTM	2025	2024	2023	2022	2021
PWER Macquarie Energy Transition ETF	1.18%	1.37%	1.05%	0.06%	0.00%	0.00%
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.53%	3.61%	3.74%	3.16%	3.52%	2.20%

Drawdowns

PWER vs. LCTD - Drawdown Comparison

The maximum PWER drawdown since its inception was -29.68%, roughly equal to the maximum LCTD drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for PWER and LCTD.

Drawdown Indicators

	PWER	LCTD	Difference
Max Drawdown Largest peak-to-trough decline	-29.68%	-29.82%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-10.92%	-1.09%
Current Drawdown Current decline from peak	-2.51%	-6.92%	+4.41%
Average Drawdown Average peak-to-trough decline	-6.59%	-6.91%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.94%	+0.60%

Volatility

PWER vs. LCTD - Volatility Comparison

Macquarie Energy Transition ETF (PWER) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) have volatilities of 6.96% and 7.11%, 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.

Volatility by Period

	PWER	LCTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	7.11%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	16.53%	11.07%	+5.46%
Volatility (1Y) Calculated over the trailing 1-year period	25.19%	17.13%	+8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.69%	16.03%	+7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.69%	16.03%	+7.66%