BlackRock World ex U.S. Carbon Transition… (LCTD) Performance
LCTD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.5% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +7.1% a year
- Since first price
- +7.3% a year since 2021
LCTD trailing returns vs SPY, QQQ, AGG
| Period | LCTD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.7% | +0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.8% | +0.1% | +7.8% | +8.4% | −1.5% |
| YTD | +7.5% | +5.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +7.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.2%+18.2%/yr | +48.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +41.2%+7.1%/yr | +19.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 8, 2021 | +48.1%+7.3%/yr | +24.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LCTD vs SPY
From Apr 8, 2021: LCTD grew to $14,811, SPY to $20,019.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LCTD returns by calendar year
3 of 4 full years positive. Best 2025 (+30.4%), worst 2022 (−16.2%). 2026 is year to date.
LCTD annual returns table
| Year | LCTD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.5% | −10.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.4% | −13.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.1% | −9.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.1% | −12.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.2% | −29.0% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LCTD largest drawdowns
Now 4.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 3, 2021 | −29.8% | Oct 12, 2022 | Mar 13, 2024 | 1.1 years | 2.5 years |
| Sep 26, 2024 | −13.6% | Apr 8, 2025 | May 2, 2025 | 6 months | 7 months |
| Feb 26, 2026 | −10.9% | Mar 20, 2026 | Jul 30, 2026 | 22 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LCTD risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +16.9% | +8.0% | +7.4% |
| Volatility (annualized) | 12.1% | 15.7% | 15.2% |
| Sharpe ratio | 1.00 | 0.34 | 0.33 |
| Sortino ratio | 1.61 | 0.50 | 0.49 |
| Best month | +8.8% | +12.8% | +12.8% |
| Worst month | −7.7% | −9.7% | −9.7% |
| Best 12 months | +34.1% | +34.1% | +34.1% |
| Worst 12 months | +3.1% | −25.2% | −25.2% |
| Positive months | 69% | 62% | 62% |
| Beta vs S&P 500 | 0.61 | 0.79 | — |
| Correlation with S&P 500 | 0.63 | 0.79 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LCTD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −25.2% | +12.3% | +34.1% | 78% |
| 3-year (a year) | 31 | +0.4% | +13.8% | +20.3% | 100% |
| 5-year (a year) | 7 | +7.1% | +7.7% | +8.0% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
LCTD performance overview
BlackRock World ex U.S. Carbon Transition… (LCTD) returned +10.7% over the past year and +7.1% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +7.3% a year, turning $10,000 into about $14,811. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.8%, from Sep 3, 2021 to Oct 12, 2022, and it took 1.4 years to get back to the old high. LCTD finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+30.4%) and the worst 2022 (−16.2%). Volatility has been 15.2% a year.
Related: LCTD chart, LCTD holdings, LCTD dividends. See the LCTD overview for the latest quote and fund facts.
LCTD performance FAQ
What is the LCTD return over the past year?
LCTD returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.0%.
What is the average annual return of LCTD?
LCTD has returned +7.1% a year over 5 years, +7.3% a year since April 8, 2021 (total return, distributions reinvested).
How much would $10,000 invested in LCTD be worth?
$10,000 invested in LCTD at its first recorded close on April 8, 2021 would be worth about $14,811 on October 23, 2026 with distributions reinvested.
What was the worst year for LCTD?
The worst calendar year was 2022, with a total return of −16.2%. The best was 2025 at +30.4%.
What is the biggest drawdown of LCTD?
The largest peak-to-trough decline was −29.8% between September 3, 2021 and October 12, 2022. It recovered to the old high on March 13, 2024, 1.4 years after the bottom.
How volatile is LCTD?
Over the past 3 years LCTD had an annualized volatility of 12.1% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).