LCTU vs NOEQ
iShares US Carbon Transition Readiness Aware Active ETF vs Northern Trust US Equity ETF
Which is better, LCTU or NOEQ?
NOEQ costs less.
NOEQ has a lower expense ratio. LCTU is less concentrated, with 35.1% of the fund in its ten largest positions against 59.9%.
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 | LCTU | NOEQ |
|---|---|---|
| Expense Ratio | 0.15% | 0.12%Best |
| AUM | $1.1B | $193M |
| Dividend Yield | 0.96% | 0.41% |
| Holdings | 659 | 814 |
| YTD Return | +10.55% | +15.26%Best |
| 1Y Return | +10.57% | - |
| 3Y Return (annualized) | +20.63% | - |
| 5Y Return (annualized) | +10.38% | - |
| Top 10 Weight | 35.1%Best | 59.9% |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2021 | Mar 20, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
LCTU vs NOEQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
LCTU vs NOEQ Performance
iShares US Carbon Transition Readiness Aware Active ETF (LCTU) is an ETF from iShares by BlackRock (US) and Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management. Year to date, LCTU is up 10.55% versus a gain of 15.26% for NOEQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
LCTU charges 0.15% per year while NOEQ charges 0.12%. On a $10,000 position that is $15 vs $12 annually, a gap of $3 per year that compounds over a long holding period. On income, LCTU currently yields 0.96% against 0.41% for NOEQ.
Holdings Overlap
81.0% of LCTU's money is in holdings NOEQ also owns. 59.5% of NOEQ's money is in holdings LCTU also owns.
Most of LCTU is already inside NOEQ. Owning both mostly buys the same companies twice.
158 positions in common, counted across the 322 positions we hold weights for in LCTU and 408 in NOEQ, against full books of 659 and 814.
What only one of them owns
Our book lists 152 positions for NOEQ that do not appear in our book for LCTU (40.2% of the fund), and 145 for LCTU that do not appear in NOEQ (18.1%).
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.
Top Shared Holdings
| Stock | Weight in LCTU | Weight in NOEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.73% | 3.29% | 4.44% |
| AAPLApple Inc | 7.36% | 3.41% | 3.95% |
| GOOGAlphabet Inc. C | 1.90% | 6.26% | 4.36% |
| MSFTMicrosoft Corp | 5.17% | 2.63% | 2.54% |
| AMZNAmazon.Com Inc | 3.12% | 4.34% | 1.22% |
| LLYEli Lilly & Co | 1.38% | 3.65% | 2.27% |
| XOMExxonmobil Corp. | 0.60% | 4.15% | 3.55% |
| JNJJohnson & Johnson - Common | 0.61% | 3.68% | 3.07% |
| CVXChevron Corp | 0.17% | 3.82% | 3.65% |
| METAMeta Platforms Inc | 2.40% | 0.88% | 1.52% |
81.0% of LCTU is already inside NOEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LCTU or NOEQ?
LCTU has an expense ratio of 0.15% while NOEQ charges 0.12%. NOEQ is the cheaper option, by $3 a year on a $10,000 investment.
What is the holdings overlap between LCTU and NOEQ?
81.0% of LCTU's money is in holdings NOEQ also owns. 59.5% of NOEQ's is in holdings LCTU also owns. They hold 158 positions in common, counted across the 322 positions we hold weights for in LCTU and 408 in NOEQ.
Which pays a higher dividend, LCTU or NOEQ?
LCTU yields 0.96% while NOEQ yields 0.41%, so LCTU currently pays the higher dividend yield.
Is NOEQ better than LCTU?
NOEQ has a lower expense ratio. LCTU is less concentrated, with 35.1% of the fund in its ten largest positions against 59.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.