BGT vs. ECAT
BGT (BlackRock Floating Rate Income Trust) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - BGT is a Bank Loan fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, BGT returned 8.99%/yr vs 19.50%/yr for ECAT. At a 0.36 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 1.43%/yr for ECAT.
Performance
BGT vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 0.45% return, which is significantly lower than ECAT's 15.10% return.
BGT
- 1D
- -0.28%
- 1M
- 0.28%
- 6M
- -1.55%
- YTD
- 0.45%
- 1Y
- -3.70%
- 3Y*
- 8.99%
- 5Y*
- 6.21%
- 10Y*
- 6.20%
ECAT
- 1D
- 0.19%
- 1M
- 4.02%
- 6M
- 11.20%
- YTD
- 15.10%
- 1Y
- 20.06%
- 3Y*
- 19.50%
- 5Y*
- —
- 10Y*
- —
BGT vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 0.45% | -0.84% | 16.12% | 26.29% | -16.57% | 8.30% |
ECAT BlackRock ESG Capital Allocation Term Trust | 15.10% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between BGT and ECAT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.36 |
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Return for Risk
BGT vs. ECAT — Risk / Return Rank
BGT
ECAT
BGT vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) 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.
| BGT | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.26 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 1.71 | -2.04 |
| Martin ratioReturn relative to average drawdown | -0.70 | 6.34 | -7.04 |
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Drawdowns
BGT vs. ECAT - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for BGT and ECAT.
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Drawdown Indicators
| BGT | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -32.23% | -25.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -11.80% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -15.79% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | — | — |
Current DrawdownCurrent decline from peak | -5.68% | 0.00% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -8.93% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 3.17% | +2.16% |
Volatility
BGT vs. ECAT - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 1.92%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 3.89%. This indicates that BGT 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
| BGT | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 3.89% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 10.96% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 13.90% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 16.84% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 16.84% | -1.51% |
BGT vs. ECAT - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than ECAT's 1.43% expense ratio.
Dividends
BGT vs. ECAT - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.54%, less than ECAT's 21.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.54% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
ECAT BlackRock ESG Capital Allocation Term Trust | 21.21% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGT and ECAT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECAT has higher volatility (3.89%) compared to BGT (1.92%). In terms of maximum drawdown, BGT dropped -58.06% vs ECAT's -32.23%.
ECAT currently has the higher Sharpe Ratio (1.45 vs -0.38), 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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