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ECAT vs. BIIPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECAT vs. BIIPX

Last updated Jun 23, 2026

ECAT (BlackRock ESG Capital Allocation Term Trust) and BIIPX (iShares Short-Term TIPS Bond Index Fund) are both mutual funds - ECAT is a Tactical Allocation fund managed by BlackRock, while BIIPX is a Inflation-Protected Bonds fund managed by BlackRock. Over the past 3 years, ECAT returned 19.58%/yr vs 4.68%/yr for BIIPX. At a 0.15 correlation, their price movements are largely independent. ECAT charges 1.43%/yr vs 0.08%/yr for BIIPX.

Performance

ECAT vs. BIIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock ESG Capital Allocation Term Trust (ECAT) and iShares Short-Term TIPS Bond Index Fund (BIIPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECAT achieves a 12.06% return, which is significantly higher than BIIPX's 0.82% return.

ECAT

1D
0.00%
1M
2.19%
YTD
12.06%
6M
10.41%
1Y
22.26%
3Y*
19.58%
5Y*
—
10Y*
—

BIIPX

1D
0.00%
1M
0.21%
YTD
0.82%
6M
1.19%
1Y
3.39%
3Y*
4.68%
5Y*
2.76%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ECAT vs. BIIPX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ECAT
BlackRock ESG Capital Allocation Term Trust		12.06%16.64%19.96%32.36%-21.90%-6.25%
BIIPX
iShares Short-Term TIPS Bond Index Fund		0.82%6.05%4.75%3.25%-4.12%1.53%

Correlation

The correlation between ECAT and BIIPX is 0.09, 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

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2021

0.15

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock ESG Capital Allocation Term Trust

iShares Short-Term TIPS Bond Index Fund

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Return for Risk

ECAT vs. BIIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ECAT
ECAT Risk / Return Rank: 3434
Overall Rank
ECAT Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
ECAT Sortino Ratio Rank: 3636
Sortino Ratio Rank
ECAT Omega Ratio Rank: 3535
Omega Ratio Rank
ECAT Calmar Ratio Rank: 2929
Calmar Ratio Rank
ECAT Martin Ratio Rank: 3333
Martin Ratio Rank
BIIPX
BIIPX Risk / Return Rank: 5555
Overall Rank
BIIPX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
BIIPX Sortino Ratio Rank: 5555
Sortino Ratio Rank
BIIPX Omega Ratio Rank: 5555
Omega Ratio Rank
BIIPX Calmar Ratio Rank: 6565
Calmar Ratio Rank
BIIPX Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ECAT vs. BIIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Capital Allocation Term Trust (ECAT) and iShares Short-Term TIPS Bond Index Fund (BIIPX). 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.

ECATBIIPXDifference
Sharpe ratioReturn per unit of total volatility
1.62
1.56

+0.06

Sortino ratioReturn per unit of downside risk
2.30
2.86

-0.55

Omega ratioGain probability vs. loss probability

1.29

1.38

-0.08

Calmar ratioReturn relative to maximum drawdown

1.90

2.96

-1.07

Martin ratioReturn relative to average drawdown

7.04

11.68

-4.63

ECAT vs. BIIPX - Sharpe Ratio Comparison

The current ECAT Sharpe Ratio is 1.62, which is comparable to the BIIPX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ECAT and BIIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ECAT vs. BIIPX - Drawdown Comparison

The maximum ECAT drawdown since its inception was -32.23%, which is greater than BIIPX's maximum drawdown of -6.46%. Use the drawdown chart below to compare losses from any high point for ECAT and BIIPX.

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Drawdown Indicators

ECATBIIPXDifference

Max Drawdown

Largest peak-to-trough decline

-32.23%

-6.46%

-25.77%

Max Drawdown (1Y)

Largest decline over 1 year

-11.80%

-1.22%

-10.58%

Max Drawdown (3Y)

Largest decline over 3 years

-15.79%

-1.22%

-14.57%

Max Drawdown (5Y)

Largest decline over 5 years

—

-6.46%

—

Current Drawdown

Current decline from peak

-0.46%

-1.13%

+0.67%

Average Drawdown

Average peak-to-trough decline

-9.04%

-1.08%

-7.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

0.31%

+2.86%

Volatility

ECAT vs. BIIPX - Volatility Comparison

BlackRock ESG Capital Allocation Term Trust (ECAT) has a higher volatility of 4.36% compared to iShares Short-Term TIPS Bond Index Fund (BIIPX) at 1.30%. This indicates that ECAT's price experiences larger fluctuations and is considered to be riskier than BIIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECATBIIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

1.30%

+3.06%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

1.75%

+9.24%

Volatility (1Y)

Calculated over the trailing 1-year period

13.79%

2.32%

+11.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

3.11%

+13.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

2.64%

+14.25%

ECAT vs. BIIPX - Expense Ratio Comparison

ECAT has a 1.43% expense ratio, which is higher than BIIPX's 0.08% expense ratio.

Dividends

ECAT vs. BIIPX - Dividend Comparison

ECAT's dividend yield for the trailing twelve months is around 21.78%, more than BIIPX's 4.64% yield.

PositionTTM202520242023202220212020201920182017
BIIPX
iShares Short-Term TIPS Bond Index Fund		4.64%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		21.78%23.00%17.44%9.14%8.94%0.54%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ECAT and BIIPX have a correlation of 0.09, 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 BIIPX (1.30%). In terms of maximum drawdown, ECAT dropped -32.23% vs BIIPX's -6.46%.

ECAT currently has the higher Sharpe Ratio (1.62 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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