LCTD vs SPY
iShares World ex US Carbon Transition Readiness Aware Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LCTD or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. LCTD is less concentrated, with 15.2% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LCTD | SPY |
|---|---|---|
| Expense Ratio | 0.22% | 0.09%Best |
| AUM | $297M | $814.4B |
| Dividend Yield | 3.30% | 1.01% |
| Holdings | 365 | 505 |
| YTD Return | +11.39% | +13.78%Best |
| 1Y Return | +20.89% | +21.44%Best |
| 3Y Return (annualized) | +17.44% | +21.38%Best |
| 5Y Return (annualized) | +7.71% | +12.80%Best |
| Volatility (annualized) | 15.1%Best | 15.3% |
| Max Drawdown | -29.8% | -24.5%Best |
| $10,000 over 5 years | $14,497 | $18,262Best |
| Top 10 Weight | 15.2%Best | 38.0% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 8, 2021 to Sep 3, 2026 (5.4 years).
LCTD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.4 years both funds cover.
LCTD vs SPY Performance
iShares World ex US Carbon Transition Readiness Aware Active ETF (LCTD) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LCTD returned +20.89% while SPY returned +21.44%. Year to date, LCTD is up 11.39% versus a gain of 13.78% for SPY.
Over three years, LCTD compounded at +17.44% per year against +21.38% for SPY; over five years the annualized figures are +7.71% and +12.80% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.1% for LCTD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.8% for LCTD and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LCTD charges 0.22% per year while SPY charges 0.09%. On a $10,000 position that is $22 vs $9 annually, a gap of $13 per year that compounds over a long holding period. On income, LCTD currently yields 3.30% against 1.01% for SPY.
Holdings Overlap
1.2% of LCTD's money is in holdings SPY also owns. 0.1% of SPY's money is in holdings LCTD also owns.
LCTD and SPY share little of their money.
3 positions in common, counted across the 347 positions we hold weights for in LCTD and 504 in SPY, against full books of 365 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for LCTD (99.3% of the fund), and 7 for LCTD that do not appear in SPY (3.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of LCTD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LCTD or SPY?
LCTD has an expense ratio of 0.22% while SPY charges 0.09%. SPY is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, LCTD or SPY?
Over the past year LCTD returned +20.89% vs +21.44% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LCTD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.1% for LCTD. Worst drawdown: LCTD -29.8% vs SPY -24.5%.
Should I hold both LCTD and SPY?
LCTD and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LCTD and SPY?
1.2% of LCTD's money is in holdings SPY also owns. 0.1% of SPY's is in holdings LCTD also owns. They hold 3 positions in common, counted across the 347 positions we hold weights for in LCTD and 504 in SPY.
Which pays a higher dividend, LCTD or SPY?
LCTD yields 3.30% while SPY yields 1.01%, so LCTD currently pays the higher dividend yield.
Is SPY better than LCTD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. LCTD is less concentrated, with 15.2% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.