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BCSKX vs. ECAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BCSKX vs. ECAT

Last updated Jun 24, 2026

BCSKX (BlackRock Commodity Strategies Fund Class K) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - BCSKX is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, BCSKX returned 15.47%/yr vs 19.30%/yr for ECAT. At a 0.32 correlation, their price movements are largely independent. BCSKX charges 0.67%/yr vs 1.43%/yr for ECAT.

Performance

BCSKX vs. ECAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Commodity Strategies Fund Class K (BCSKX) and BlackRock ESG Capital Allocation Term Trust (ECAT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BCSKX achieves a 12.64% return, which is significantly higher than ECAT's 11.26% return.

BCSKX

1D
-0.17%
1M
-6.71%
YTD
12.64%
6M
11.14%
1Y
28.34%
3Y*
15.47%
5Y*
11.08%
10Y*
—

ECAT

1D
-0.71%
1M
1.46%
YTD
11.26%
6M
9.76%
1Y
21.00%
3Y*
19.30%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BCSKX vs. ECAT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BCSKX
BlackRock Commodity Strategies Fund Class K		12.64%28.88%4.44%-4.27%11.95%0.56%
ECAT
BlackRock ESG Capital Allocation Term Trust		11.26%16.64%19.96%32.36%-21.90%-6.25%

Correlation

The correlation between BCSKX and ECAT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2021

0.32

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock Commodity Strategies Fund Class K

BlackRock ESG Capital Allocation Term Trust

Often compared with BCSKX:
BCSKX vs. GCCIXBCSKX vs. FIQRXBCSKX vs. FFGIXBCSKX vs. BRCYXBCSKX vs. PCLPXBCSKX vs. PQCMXBCSKX vs. ARCNX
Often compared with ECAT:
ECAT vs. BCATECAT vs. BGTECAT vs. JQCECAT vs. QQQECAT vs. CIIECAT vs. JEPQECAT vs. GPIQ

Return for Risk

BCSKX vs. ECAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BCSKX
BCSKX Risk / Return Rank: 5353
Overall Rank
BCSKX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
BCSKX Sortino Ratio Rank: 3939
Sortino Ratio Rank
BCSKX Omega Ratio Rank: 4141
Omega Ratio Rank
BCSKX Calmar Ratio Rank: 7070
Calmar Ratio Rank
BCSKX Martin Ratio Rank: 6969
Martin Ratio Rank
ECAT
ECAT Risk / Return Rank: 3030
Overall Rank
ECAT Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
ECAT Sortino Ratio Rank: 3232
Sortino Ratio Rank
ECAT Omega Ratio Rank: 3131
Omega Ratio Rank
ECAT Calmar Ratio Rank: 2626
Calmar Ratio Rank
ECAT Martin Ratio Rank: 3131
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCSKX vs. ECAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Fund Class K (BCSKX) 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.

BCSKXECATDifference
Sharpe ratioReturn per unit of total volatility
1.86
1.53

+0.33

Sortino ratioReturn per unit of downside risk
2.42
2.19

+0.24

Omega ratioGain probability vs. loss probability

1.32

1.27

+0.04

Calmar ratioReturn relative to maximum drawdown

3.07

1.79

+1.28

Martin ratioReturn relative to average drawdown

12.40

6.64

+5.76

BCSKX vs. ECAT - Sharpe Ratio Comparison

The current BCSKX Sharpe Ratio is 1.86, which is comparable to the ECAT Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BCSKX and ECAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BCSKX vs. ECAT - Drawdown Comparison

The maximum BCSKX drawdown since its inception was -30.34%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for BCSKX and ECAT.

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Drawdown Indicators

BCSKXECATDifference

Max Drawdown

Largest peak-to-trough decline

-30.34%

-32.23%

+1.89%

Max Drawdown (1Y)

Largest decline over 1 year

-8.97%

-11.80%

+2.83%

Max Drawdown (3Y)

Largest decline over 3 years

-10.51%

-15.79%

+5.28%

Max Drawdown (5Y)

Largest decline over 5 years

-22.34%

—

—

Current Drawdown

Current decline from peak

-8.97%

-1.17%

-7.80%

Average Drawdown

Average peak-to-trough decline

-6.56%

-9.03%

+2.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

3.17%

-0.94%

Volatility

BCSKX vs. ECAT - Volatility Comparison

The current volatility for BlackRock Commodity Strategies Fund Class K (BCSKX) is 3.86%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 4.44%. This indicates that BCSKX experiences smaller price fluctuations and is considered to be less risky 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

BCSKXECATDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.86%

4.44%

-0.58%

Volatility (6M)

Calculated over the trailing 6-month period

12.13%

11.00%

+1.13%

Volatility (1Y)

Calculated over the trailing 1-year period

14.84%

13.79%

+1.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.75%

16.89%

-1.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

16.89%

-1.85%

BCSKX vs. ECAT - Expense Ratio Comparison

BCSKX has a 0.67% expense ratio, which is lower than ECAT's 1.43% expense ratio.

Dividends

BCSKX vs. ECAT - Dividend Comparison

BCSKX's dividend yield for the trailing twelve months is around 2.78%, less than ECAT's 21.94% yield.

PositionTTM20252024202320222021202020192018
BCSKX
BlackRock Commodity Strategies Fund Class K		2.78%3.13%3.66%9.45%9.11%2.72%0.84%2.08%2.02%
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%

Frequently Asked Questions

BCSKX and ECAT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECAT has higher volatility (4.44%) compared to BCSKX (3.86%). In terms of maximum drawdown, BCSKX dropped -30.34% vs ECAT's -32.23%.

BCSKX currently has the higher Sharpe Ratio (1.86 vs 1.53), 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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