BIIPX vs. ECAT
BIIPX (iShares Short-Term TIPS Bond Index Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - BIIPX is a Inflation-Protected Bonds fund managed by BlackRock, while ECAT is a Derivative Income fund managed by BlackRock. Over the past 3 years, BIIPX returned 5.00%/yr vs 19.24%/yr for ECAT. At a 0.15 correlation, their price movements are largely independent. BIIPX charges 0.08%/yr vs 1.38%/yr for ECAT.
Performance
BIIPX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, BIIPX achieves a 1.98% return, which is significantly lower than ECAT's 11.23% return.
BIIPX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 1.98%
- 6M
- 2.04%
- 1Y
- 4.68%
- 3Y*
- 5.00%
- 5Y*
- 2.84%
- 10Y*
- —
ECAT
- 1D
- -1.20%
- 1M
- 6.84%
- YTD
- 11.23%
- 6M
- 9.37%
- 1Y
- 20.83%
- 3Y*
- 19.24%
- 5Y*
- —
- 10Y*
- —
BIIPX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 1.98% | 6.05% | 4.75% | 3.25% | -4.12% | 1.43% |
ECAT BlackRock ESG Capital Allocation Term Trust | 11.23% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between BIIPX and ECAT is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.15 |
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Return for Risk
BIIPX vs. ECAT — Risk / Return Rank
BIIPX
ECAT
BIIPX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) 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.
| BIIPX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 1.77 | +1.99 |
| Martin ratioReturn relative to average drawdown | 16.24 | 6.65 | +9.58 |
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
| BIIPX | ECAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.56 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.55 | +0.58 |
Drawdowns
BIIPX vs. ECAT - Drawdown Comparison
The maximum BIIPX drawdown since its inception was -6.46%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for BIIPX and ECAT.
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Drawdown Indicators
| BIIPX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.46% | -32.23% | +25.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -11.80% | +10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -15.79% | +14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.20% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -9.11% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 3.14% | -2.86% |
Volatility
BIIPX vs. ECAT - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund (BIIPX) is 1.21%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 3.31%. This indicates that BIIPX 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
| BIIPX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 3.31% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 10.59% | -8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 13.44% | -11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 16.90% | -13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 16.90% | -14.26% |
BIIPX vs. ECAT - Expense Ratio Comparison
BIIPX has a 0.08% expense ratio, which is lower than ECAT's 1.38% expense ratio.
Dividends
BIIPX vs. ECAT - Dividend Comparison
BIIPX's dividend yield for the trailing twelve months is around 4.59%, less than ECAT's 21.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 4.59% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% |
ECAT BlackRock ESG Capital Allocation Term Trust | 21.71% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIIPX and ECAT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECAT has higher volatility (3.31%) compared to BIIPX (1.21%). In terms of maximum drawdown, BIIPX dropped -6.46% vs ECAT's -32.23%.
BIIPX currently has the higher Sharpe Ratio (2.03 vs 1.56), 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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