BCAT vs. BTZ
BCAT (BlackRock Capital Allocation Term Trust) and BTZ (BlackRock Credit Allocation Income Trust) are both stocks. Both are in the Financial Services sector — BCAT in Capital Markets, BTZ in Asset Management. Over the past 5 years, BCAT returned 8.60%/yr vs 0.81%/yr for BTZ. At a 0.36 correlation, their price movements are largely independent.
Performance
BCAT vs. BTZ - Performance Comparison
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Returns By Period
In the year-to-date period, BCAT achieves a 23.90% return, which is significantly higher than BTZ's -2.28% return.
BCAT
- 1D
- -0.19%
- 1M
- 3.66%
- YTD
- 23.90%
- 6M
- 23.12%
- 1Y
- 32.64%
- 3Y*
- 21.85%
- 5Y*
- 8.60%
- 10Y*
- —
BTZ
- 1D
- -0.30%
- 1M
- 1.03%
- YTD
- -2.28%
- 6M
- -1.83%
- 1Y
- 3.74%
- 3Y*
- 9.72%
- 5Y*
- 0.81%
- 10Y*
- 5.63%
BCAT vs. BTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Term Trust | 23.90% | 16.78% | 19.37% | 19.30% | -22.64% | -5.21% | 9.35% |
BTZ BlackRock Credit Allocation Income Trust | -2.28% | 13.70% | 11.25% | 12.78% | -27.11% | 9.34% | 7.54% |
Correlation
The correlation between BCAT and BTZ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.36 |
Fundamentals
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Return for Risk
BCAT vs. BTZ — Risk / Return Rank
BCAT
BTZ
BCAT vs. BTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Allocation Term Trust (BCAT) and BlackRock Credit Allocation Income Trust (BTZ). 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.
| BCAT | BTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.08 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 0.40 | +3.71 |
| Martin ratioReturn relative to average drawdown | 19.31 | 1.29 | +18.02 |
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Drawdowns
BCAT vs. BTZ - Drawdown Comparison
The maximum BCAT drawdown since its inception was -36.13%, smaller than the maximum BTZ drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for BCAT and BTZ.
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Drawdown Indicators
| BCAT | BTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -74.62% | +38.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -9.29% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -9.29% | -4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -35.03% | -34.67% | -0.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -0.19% | -3.78% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -12.48% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.90% | -1.21% |
Volatility
BCAT vs. BTZ - Volatility Comparison
BlackRock Capital Allocation Term Trust (BCAT) has a higher volatility of 4.25% compared to BlackRock Credit Allocation Income Trust (BTZ) at 1.78%. This indicates that BCAT's price experiences larger fluctuations and is considered to be riskier than BTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCAT | BTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 1.78% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.16% | 7.61% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 9.01% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 12.85% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 13.13% | +2.79% |
Dividends
BCAT vs. BTZ - Dividend Comparison
BCAT's dividend yield for the trailing twelve months is around 20.01%, more than BTZ's 9.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Term Trust | 20.01% | 23.45% | 17.48% | 10.08% | 9.01% | 6.42% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTZ BlackRock Credit Allocation Income Trust | 9.99% | 9.30% | 9.63% | 9.76% | 9.14% | 6.69% | 6.84% | 6.23% | 7.19% | 6.25% | 6.90% | 7.83% |
Financials
BCAT vs. BTZ - Financials Comparison
This section allows you to compare key financial metrics between BlackRock Capital Allocation Term Trust and BlackRock Credit Allocation Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BCAT and BTZ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCAT has higher volatility (4.25%) compared to BTZ (1.78%). In terms of maximum drawdown, BCAT dropped -36.13% vs BTZ's -74.62%.
BCAT currently has the higher Sharpe Ratio (2.84 vs 0.42), 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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