CREDX vs. ECAT
CREDX (BlackRock Credit Strategies Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - CREDX is a Bank Loan fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, CREDX returned 7.59%/yr vs 19.58%/yr for ECAT. At a 0.36 correlation, their price movements are largely independent. CREDX charges 2.19%/yr vs 1.43%/yr for ECAT.
Performance
CREDX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, CREDX achieves a 1.80% return, which is significantly lower than ECAT's 12.06% return.
CREDX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 1.80%
- 6M
- 2.04%
- 1Y
- 5.23%
- 3Y*
- 7.59%
- 5Y*
- 2.62%
- 10Y*
- —
ECAT
- 1D
- 0.00%
- 1M
- 2.19%
- YTD
- 12.06%
- 6M
- 10.41%
- 1Y
- 22.26%
- 3Y*
- 19.58%
- 5Y*
- —
- 10Y*
- —
CREDX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CREDX BlackRock Credit Strategies Fund | 1.80% | 5.55% | 8.41% | 12.18% | -12.08% | -0.43% |
ECAT BlackRock ESG Capital Allocation Term Trust | 12.06% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between CREDX and ECAT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.36 |
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Return for Risk
CREDX vs. ECAT — Risk / Return Rank
CREDX
ECAT
CREDX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Strategies Fund (CREDX) 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.
| CREDX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.29 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 1.90 | +2.06 |
| Martin ratioReturn relative to average drawdown | 10.84 | 7.04 | +3.79 |
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Drawdowns
CREDX vs. ECAT - Drawdown Comparison
The maximum CREDX drawdown since its inception was -15.13%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for CREDX and ECAT.
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Drawdown Indicators
| CREDX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -32.23% | +17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -11.80% | +10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -2.47% | -15.79% | +13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.46% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -9.04% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 3.17% | -2.69% |
Volatility
CREDX vs. ECAT - Volatility Comparison
The current volatility for BlackRock Credit Strategies Fund (CREDX) is 0.72%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 4.36%. This indicates that CREDX 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
| CREDX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 4.36% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 10.99% | -8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 13.79% | -10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 16.89% | -13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 16.89% | -13.57% |
CREDX vs. ECAT - Expense Ratio Comparison
CREDX has a 2.19% expense ratio, which is higher than ECAT's 1.43% expense ratio.
Dividends
CREDX vs. ECAT - Dividend Comparison
CREDX's dividend yield for the trailing twelve months is around 9.20%, less than ECAT's 21.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CREDX BlackRock Credit Strategies Fund | 9.20% | 9.16% | 9.78% | 9.98% | 3.41% | 5.69% |
ECAT BlackRock ESG Capital Allocation Term Trust | 21.78% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% |
Frequently Asked Questions
CREDX and ECAT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECAT has higher volatility (4.36%) compared to CREDX (0.72%). In terms of maximum drawdown, CREDX dropped -15.13% vs ECAT's -32.23%.
CREDX currently has the higher Sharpe Ratio (1.63 vs 1.62), 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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