LCTU vs NBCR
iShares US Carbon Transition Readiness Aware Active ETF vs Neuberger Berman Core Equity ETF
Which is better, LCTU or NBCR?
Nearly the same fund. LCTU costs less.
LCTU has a lower expense ratio. LCTU led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. LCTU is less concentrated, with 35.5% of the fund in its ten largest positions against 36.9%.
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 | NBCR |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.29% |
| AUM | $1.2B | $856M |
| Dividend Yield | 0.97% | 0.42% |
| Holdings | 334 | 206 |
| YTD Return | +11.76%Best | +8.54% |
| 1Y Return | +15.34%Best | +12.11% |
| 3Y Return (annualized) | +21.21% | - |
| 5Y Return (annualized) | +11.70% | - |
| Volatility (annualized) | 12.2%Tie | 12.2%Tie |
| Max Drawdown | -19.8% | -18.2%Best |
| $10,000 over 2.2 years | $14,243Best | $13,791 |
| Top 10 Weight | 35.5%Best | 36.9% |
| Fund Family | iShares by BlackRock (US) | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2021 | Jul 31, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 1, 2024 to Oct 14, 2026 (2.2 years).
LCTU vs NBCR 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 2.2 years both funds cover.
LCTU vs NBCR Performance
iShares US Carbon Transition Readiness Aware Active ETF (LCTU) is an ETF from iShares by BlackRock (US) and Neuberger Berman Core Equity ETF (NBCR) is an ETF from Neuberger Berman. Over the past year LCTU returned +15.34% while NBCR returned +12.11%. Year to date, LCTU is up 11.76% versus a gain of 8.54% for NBCR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LCTU and NBCR have been equally volatile, both at 12.2% annualized.
The deepest peak-to-trough decline in our data was -19.8% for LCTU and -18.2% for NBCR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LCTU charges 0.15% per year while NBCR charges 0.29%. On a $10,000 position that is $15 vs $29 annually, a gap of $14 per year that compounds over a long holding period. On income, LCTU currently yields 0.97% against 0.42% for NBCR.
Holdings Overlap
69.6% of LCTU's money is in holdings NBCR also owns. 79.8% of NBCR's money is in holdings LCTU also owns.
Most of NBCR is already inside LCTU. Owning both mostly buys the same companies twice.
112 positions in common, counted across the 331 positions we hold weights for in LCTU and 203 in NBCR, against full books of 334 and 206.
What only one of them owns
Our book lists 84 positions for NBCR that do not appear in our book for LCTU (18.3% of the fund), and 200 for LCTU that do not appear in NBCR (29.3%).
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 NBCR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.16% | 7.72% | 0.44% |
| AAPLApple, Inc | 7.17% | 6.95% | 0.22% |
| MSFTMicrosoft Corp | 4.94% | 6.03% | 1.09% |
| AMZNAmazon.Com Inc | 3.08% | 3.51% | 0.43% |
| GOOGLAlphabet Inc | 2.49% | 3.10% | 0.61% |
| METAMeta Platforms Inc | 2.43% | 2.26% | 0.17% |
| GOOGAlphabet Inc. C | 1.91% | 2.31% | 0.40% |
| AVGOBroadcom Inc | 2.04% | 1.83% | 0.21% |
| MUMicron Technology, Inc. | 1.66% | 1.48% | 0.18% |
| AMDAdvanced Micro Devices Inc | 1.64% | 1.49% | 0.15% |
79.8% of NBCR is already inside LCTU.
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 NBCR?
LCTU has an expense ratio of 0.15% while NBCR charges 0.29%. LCTU is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, LCTU or NBCR?
Over the past year LCTU returned +15.34% vs +12.11% for NBCR, so LCTU leads on 1-year performance. Over the longest common window we track (2 years), LCTU annualized +17.44% vs +15.73% for NBCR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LCTU or NBCR?
LCTU and NBCR have been equally volatile, both at 12.2% annualized. Worst drawdown: LCTU -19.8% vs NBCR -18.2%.
Should I hold both LCTU and NBCR?
LCTU and NBCR have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between LCTU and NBCR?
79.8% of NBCR's money is in holdings LCTU also owns. 79.8% of NBCR's is in holdings LCTU also owns. They hold 112 positions in common, counted across the 331 positions we hold weights for in LCTU and 203 in NBCR.
Which pays a higher dividend, LCTU or NBCR?
LCTU yields 0.97% while NBCR yields 0.42%, so LCTU currently pays the higher dividend yield.
Is NBCR better than LCTU?
LCTU has a lower expense ratio. LCTU led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. LCTU is less concentrated, with 35.5% of the fund in its ten largest positions against 36.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.