ECAT vs. BRHYX
ECAT (BlackRock ESG Capital Allocation Term Trust) and BRHYX (BlackRock High Yield K) are both mutual funds - ECAT is a Tactical Allocation fund managed by BlackRock, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 3 years, ECAT returned 17.59%/yr vs 8.54%/yr for BRHYX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. ECAT charges 1.43%/yr vs 0.48%/yr for BRHYX.
Performance
ECAT vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, ECAT achieves a 10.45% return, which is significantly higher than BRHYX's 1.22% return.
ECAT
- 1D
- -0.47%
- 1M
- -3.56%
- 6M
- 8.10%
- YTD
- 10.45%
- 1Y
- 14.04%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.71%
BRHYX
- 1D
- 0.14%
- 1M
- -0.84%
- 6M
- 0.79%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.54%
- 5Y*
- 4.12%
- 10Y*
- 5.67%
- ALL TIME*
- 6.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.46M | $7.38M | $7.72M |
ECAT vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ECAT BlackRock ESG Capital Allocation Term Trust | 10.45% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 0.55% |
Correlation
The correlation between ECAT and BRHYX is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.51 |
The correlation between ECAT and BRHYX has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
ECAT vs. BRHYX — Risk / Return Rank
ECAT
BRHYX
ECAT vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Capital Allocation Term Trust (ECAT) and BlackRock High Yield K (BRHYX). 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.
| ECAT | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.34 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.22 | 11.03 | -6.82 |
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Drawdowns
ECAT vs. BRHYX - Drawdown Comparison
The maximum ECAT drawdown since its inception was -32.23%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for ECAT and BRHYX.
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Drawdown Indicators
| ECAT | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -34.77% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -2.40% | -9.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -4.07% | -11.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.20% | — |
Current DrawdownCurrent decline from peak | -4.28% | -0.98% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -2.72% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 0.51% | +2.73% |
Volatility
ECAT vs. BRHYX - Volatility Comparison
BlackRock ESG Capital Allocation Term Trust (ECAT) has a higher volatility of 3.75% compared to BlackRock High Yield K (BRHYX) at 0.71%. This indicates that ECAT's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECAT | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 0.71% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 2.78% | +8.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 3.51% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 5.27% | +11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 5.88% | +10.94% |
ECAT vs. BRHYX - Expense Ratio Comparison
ECAT has a 1.43% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
ECAT vs. BRHYX - Dividend Comparison
ECAT's dividend yield for the trailing twelve months is around 22.31%, more than BRHYX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
ECAT BlackRock ESG Capital Allocation Term Trust | 22.31% | 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
ECAT and BRHYX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECAT has higher volatility (3.75%) compared to BRHYX (0.71%). In terms of maximum drawdown, ECAT dropped -32.23% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.60 vs 0.97), 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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