ATESX vs. ECAT
ATESX (Anchor Risk Managed Equity Strategies Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - ATESX is a Long-Short fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, ATESX returned 7.42%/yr vs 19.30%/yr for ECAT. At a 0.38 correlation, their price movements are largely independent. ATESX charges 2.10%/yr vs 1.43%/yr for ECAT.
Performance
ATESX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, ATESX achieves a 8.26% return, which is significantly lower than ECAT's 11.26% return.
ATESX
- 1D
- -0.30%
- 1M
- -0.77%
- YTD
- 8.26%
- 6M
- 7.01%
- 1Y
- 14.83%
- 3Y*
- 7.42%
- 5Y*
- 5.16%
- 10Y*
- —
ECAT
- 1D
- -0.71%
- 1M
- 1.46%
- YTD
- 11.26%
- 6M
- 9.76%
- 1Y
- 21.00%
- 3Y*
- 19.30%
- 5Y*
- —
- 10Y*
- —
ATESX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ATESX Anchor Risk Managed Equity Strategies Fund | 8.26% | 5.56% | 7.21% | 8.12% | -9.25% | 2.03% |
ECAT BlackRock ESG Capital Allocation Term Trust | 11.26% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between ATESX and ECAT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.38 |
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Return for Risk
ATESX vs. ECAT — Risk / Return Rank
ATESX
ECAT
ATESX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Equity Strategies Fund (ATESX) and BlackRock ESG Capital Allocation Term Trust (ECAT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ATESX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.79 | -0.10 |
| Martin ratioReturn relative to average drawdown | 3.23 | 6.64 | -3.42 |
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Drawdowns
ATESX vs. ECAT - Drawdown Comparison
The maximum ATESX drawdown since its inception was -12.87%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for ATESX and ECAT.
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Drawdown Indicators
| ATESX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.87% | -32.23% | +19.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -11.80% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -15.79% | +5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -12.87% | — | — |
Current DrawdownCurrent decline from peak | -3.76% | -1.17% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -9.03% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 3.17% | +1.49% |
Volatility
ATESX vs. ECAT - Volatility Comparison
Anchor Risk Managed Equity Strategies Fund (ATESX) has a higher volatility of 6.02% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 4.44%. This indicates that ATESX's price experiences larger fluctuations and is considered to be riskier than ECAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATESX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.44% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 11.00% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 13.79% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.67% | 16.89% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.09% | 16.89% | -5.80% |
ATESX vs. ECAT - Expense Ratio Comparison
ATESX has a 2.10% expense ratio, which is higher than ECAT's 1.43% expense ratio.
Dividends
ATESX vs. ECAT - Dividend Comparison
ATESX has not paid dividends to shareholders, while ECAT's dividend yield for the trailing twelve months is around 21.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ATESX Anchor Risk Managed Equity Strategies Fund | 0.00% | 0.00% | 0.00% | 1.30% | 7.45% | 0.00% | 0.00% | 11.78% | 7.70% | 6.02% |
ECAT BlackRock ESG Capital Allocation Term Trust | 21.94% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ATESX and ECAT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATESX has higher volatility (6.02%) compared to ECAT (4.44%). In terms of maximum drawdown, ATESX dropped -12.87% vs ECAT's -32.23%.
ECAT currently has the higher Sharpe Ratio (1.53 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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