CCIF vs. ECAT
CCIF (Carlyle Credit Income Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - CCIF is a Intermediate Core Bond fund actively managed by Carlyle, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, CCIF returned -17.19%/yr vs 19.71%/yr for ECAT. At a 0.20 correlation, their price movements are largely independent.
Performance
CCIF vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -30.01% return, which is significantly lower than ECAT's 11.91% return.
CCIF
- 1D
- 1.47%
- 1M
- -7.43%
- YTD
- -30.01%
- 6M
- -29.41%
- 1Y
- -40.61%
- 3Y*
- -17.19%
- 5Y*
- -9.03%
- 10Y*
- —
ECAT
- 1D
- 0.32%
- 1M
- 1.40%
- YTD
- 11.91%
- 6M
- 10.48%
- 1Y
- 20.79%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
CCIF vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -30.01% | -27.64% | 16.37% | 14.50% | -6.37% | -3.13% |
ECAT BlackRock ESG Capital Allocation Term Trust | 11.91% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between CCIF and ECAT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.20 |
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Return for Risk
CCIF vs. ECAT — Risk / Return Rank
CCIF
ECAT
CCIF vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) 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.
| CCIF | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.27 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.77 | -2.67 |
| Martin ratioReturn relative to average drawdown | -1.54 | 6.58 | -8.12 |
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Drawdowns
CCIF vs. ECAT - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for CCIF and ECAT.
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Drawdown Indicators
| CCIF | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -32.23% | -21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -45.20% | -11.80% | -33.40% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -15.79% | -37.44% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | — | — |
Current DrawdownCurrent decline from peak | -51.66% | -0.59% | -51.07% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -9.01% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.34% | 3.17% | +23.17% |
Volatility
CCIF vs. ECAT - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 7.66% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 4.28%. This indicates that CCIF'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
| CCIF | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 4.28% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 26.17% | 10.90% | +15.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.51% | 13.76% | +16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.37% | 16.87% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 16.87% | +8.61% |
Dividends
CCIF vs. ECAT - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 44.70%, more than ECAT's 21.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 44.70% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% |
ECAT BlackRock ESG Capital Allocation Term Trust | 21.81% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
CCIF and ECAT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (7.66%) compared to ECAT (4.28%). In terms of maximum drawdown, CCIF dropped -53.23% vs ECAT's -32.23%.
ECAT currently has the higher Sharpe Ratio (1.52 vs -1.35), 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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