ECAT vs. FEPI
ECAT (BlackRock ESG Capital Allocation Term Trust) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both funds - ECAT is a Tactical Allocation fund managed by BlackRock, while FEPI is a Derivative Income fund actively managed by REX. Over the past year, ECAT returned 20.17% vs 17.05% for FEPI. A 0.59 correlation means they provide meaningful diversification when combined. ECAT charges 1.43%/yr vs 0.65%/yr for FEPI.
Performance
ECAT vs. FEPI - Performance Comparison
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Returns By Period
In the year-to-date period, ECAT achieves a 11.55% return, which is significantly higher than FEPI's 1.61% return.
ECAT
- 1D
- 0.26%
- 1M
- 1.72%
- YTD
- 11.55%
- 6M
- 10.12%
- 1Y
- 20.17%
- 3Y*
- 19.40%
- 5Y*
- —
- 10Y*
- —
FEPI
- 1D
- -1.42%
- 1M
- -5.97%
- YTD
- 1.61%
- 6M
- 0.64%
- 1Y
- 17.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECAT vs. FEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ECAT BlackRock ESG Capital Allocation Term Trust | 11.55% | 16.64% | 19.96% | 11.62% |
FEPI REX FANG & Innovation Equity Premium Income ETF | 1.61% | 18.33% | 15.69% | 11.75% |
Correlation
The correlation between ECAT and FEPI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.59 |
The correlation between ECAT and FEPI has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
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Return for Risk
ECAT vs. FEPI — Risk / Return Rank
ECAT
FEPI
ECAT vs. FEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Capital Allocation Term Trust (ECAT) and REX FANG & Innovation Equity Premium Income ETF (FEPI). 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 | FEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.33 | +0.39 |
| Martin ratioReturn relative to average drawdown | 6.38 | 4.20 | +2.18 |
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Drawdowns
ECAT vs. FEPI - Drawdown Comparison
The maximum ECAT drawdown since its inception was -32.23%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for ECAT and FEPI.
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Drawdown Indicators
| ECAT | FEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -23.56% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -12.91% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -9.32% | +8.41% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -3.54% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 4.07% | -0.90% |
Volatility
ECAT vs. FEPI - Volatility Comparison
The current volatility for BlackRock ESG Capital Allocation Term Trust (ECAT) is 4.31%, while REX FANG & Innovation Equity Premium Income ETF (FEPI) has a volatility of 7.67%. This indicates that ECAT experiences smaller price fluctuations and is considered to be less risky than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECAT | FEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 7.67% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 13.97% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 17.88% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 19.33% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 19.33% | -2.45% |
ECAT vs. FEPI - Expense Ratio Comparison
ECAT has a 1.43% expense ratio, which is higher than FEPI's 0.65% expense ratio.
Dividends
ECAT vs. FEPI - Dividend Comparison
ECAT's dividend yield for the trailing twelve months is around 21.88%, less than FEPI's 27.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ECAT BlackRock ESG Capital Allocation Term Trust | 21.88% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% |
FEPI REX FANG & Innovation Equity Premium Income ETF | 27.27% | 25.48% | 27.18% | 4.21% | 0.00% | 0.00% |
Frequently Asked Questions
ECAT and FEPI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEPI has higher volatility (7.67%) compared to ECAT (4.31%). In terms of maximum drawdown, ECAT dropped -32.23% vs FEPI's -23.56%.
ECAT currently has the higher Sharpe Ratio (1.47 vs 0.96), 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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