BLSIX vs. ECAT
BLSIX (BlackRock Advantage Emerging Markets Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - BLSIX is a Emerging Markets Equities fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, BLSIX returned 17.59%/yr vs 18.63%/yr for ECAT. Their 0.54 correlation means they have sometimes moved together and sometimes differently. BLSIX charges 0.85%/yr vs 1.43%/yr for ECAT.
Performance
BLSIX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, BLSIX achieves a 19.25% return, which is significantly higher than ECAT's 11.70% return.
BLSIX
- 1D
- 2.02%
- 1M
- -1.71%
- 6M
- 9.81%
- YTD
- 19.25%
- 1Y
- 35.88%
- 3Y*
- 17.59%
- 5Y*
- 6.18%
- 10Y*
- 6.06%
- ALL TIME*
- 4.10%
ECAT
- 1D
- 1.13%
- 1M
- -2.46%
- 6M
- 8.98%
- YTD
- 11.70%
- 1Y
- 15.34%
- 3Y*
- 18.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.83M | $7.54M | $7.77M |
BLSIX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BLSIX BlackRock Advantage Emerging Markets Fund | 19.25% | 29.75% | 6.46% | 9.36% | -21.53% | -2.83% |
ECAT BlackRock ESG Capital Allocation Term Trust | 11.70% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between BLSIX and ECAT is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.54 |
The correlation between BLSIX and ECAT has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
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Return for Risk
BLSIX vs. ECAT — Risk / Return Rank
BLSIX
ECAT
BLSIX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Emerging Markets Fund (BLSIX) 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.
| BLSIX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.31 | +0.96 |
| Martin ratioReturn relative to average drawdown | 7.51 | 4.74 | +2.78 |
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Drawdowns
BLSIX vs. ECAT - Drawdown Comparison
The maximum BLSIX drawdown since its inception was -41.34%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for BLSIX and ECAT.
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Drawdown Indicators
| BLSIX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -32.23% | -9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.18% | -11.80% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -15.79% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | — | — |
Current DrawdownCurrent decline from peak | -9.96% | -3.19% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -8.85% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 3.25% | +1.33% |
Volatility
BLSIX vs. ECAT - Volatility Comparison
BlackRock Advantage Emerging Markets Fund (BLSIX) has a higher volatility of 10.04% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 3.93%. This indicates that BLSIX's price experiences larger fluctuations and is considered to be riskier 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
| BLSIX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 3.93% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.69% | 11.29% | +10.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.50% | 14.23% | +9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 16.82% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 16.82% | +1.43% |
BLSIX vs. ECAT - Expense Ratio Comparison
BLSIX has a 0.85% expense ratio, which is lower than ECAT's 1.43% expense ratio.
Dividends
BLSIX vs. ECAT - Dividend Comparison
BLSIX's dividend yield for the trailing twelve months is around 1.82%, less than ECAT's 22.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLSIX BlackRock Advantage Emerging Markets Fund | 1.82% | 4.54% | 2.38% | 1.99% | 3.89% | 1.39% | 1.54% | 2.10% | 0.00% | 0.00% | 0.00% | 1.16% |
ECAT BlackRock ESG Capital Allocation Term Trust | 22.06% | 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
BLSIX and ECAT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLSIX has higher volatility (10.04%) compared to ECAT (3.93%). In terms of maximum drawdown, BLSIX dropped -41.34% vs ECAT's -32.23%.
BLSIX currently has the higher Sharpe Ratio (1.47 vs 1.08), 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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