BCAT vs. SCHD
BCAT (BlackRock Capital Allocation Trust) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 5 years, BCAT returned 7.59%/yr vs 8.36%/yr for SCHD. At a 0.44 correlation, their price movements are largely independent.
Performance
BCAT vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, BCAT achieves a 20.75% return, which is significantly higher than SCHD's 19.01% return.
BCAT
- 1D
- -1.38%
- 1M
- 4.40%
- YTD
- 20.75%
- 6M
- 19.94%
- 1Y
- 29.15%
- 3Y*
- 21.04%
- 5Y*
- 7.59%
- 10Y*
- —
SCHD
- 1D
- 0.00%
- 1M
- 2.70%
- YTD
- 19.01%
- 6M
- 18.63%
- 1Y
- 27.16%
- 3Y*
- 15.09%
- 5Y*
- 8.36%
- 10Y*
- 12.77%
BCAT vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Trust | 20.75% | 16.78% | 19.37% | 19.30% | -22.64% | -5.21% | 9.35% |
SCHD Schwab U.S. Dividend Equity ETF | 19.01% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 19.29% |
Correlation
The correlation between BCAT and SCHD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2020 | 0.44 |
Over the past year, the correlation between BCAT and SCHD has dropped to 0.24 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
BCAT vs. SCHD — Risk / Return Rank
BCAT
SCHD
BCAT vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Allocation Trust (BCAT) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| BCAT | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.45 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 5.91 | -2.24 |
| Martin ratioReturn relative to average drawdown | 17.47 | 14.53 | +2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCAT | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.49 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.58 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.86 | -0.31 |
Drawdowns
BCAT vs. SCHD - Drawdown Comparison
The maximum BCAT drawdown since its inception was -36.13%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BCAT and SCHD.
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Drawdown Indicators
| BCAT | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -33.37% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -4.61% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -16.13% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.03% | -16.85% | -18.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -1.63% | -1.40% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -3.32% | -9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.88% | -0.21% |
Volatility
BCAT vs. SCHD - Volatility Comparison
BlackRock Capital Allocation Trust (BCAT) has a higher volatility of 3.34% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that BCAT's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCAT | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 2.66% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 7.66% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 10.96% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 14.38% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 16.72% | -0.81% |
Dividends
BCAT vs. SCHD - Dividend Comparison
BCAT's dividend yield for the trailing twelve months is around 20.33%, more than SCHD's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Trust | 20.33% | 23.45% | 17.48% | 10.08% | 9.01% | 6.42% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.26% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
BCAT and SCHD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCAT has higher volatility (3.34%) compared to SCHD (2.66%). In terms of maximum drawdown, BCAT dropped -36.13% vs SCHD's -33.37%.
BCAT currently has the higher Sharpe Ratio (2.63 vs 2.49), 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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