FIKWX vs. ECAT

Last updated Aug 1, 2026

FIKWX (Fidelity Advisor Asset Manager 30% Fund Class Z) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - FIKWX is a Diversified Portfolio fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, FIKWX returned 8.55%/yr vs 17.59%/yr for ECAT. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FIKWX charges 0.50%/yr vs 1.43%/yr for ECAT.

Performance

FIKWX vs. ECAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) and BlackRock ESG Capital Allocation Term Trust (ECAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKWX achieves a 4.77% return, which is significantly lower than ECAT's 10.45% return.

FIKWX

• 1D: 0.76%
• 1M: -0.90%
• 6M: 3.07%
• YTD: 4.77%
• 1Y: 10.46%
• 3Y*: 8.55%
• 5Y*: 3.91%
• 10Y*: —
• ALL TIME*: 5.61%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ECAT BlackRock ESG Capital Allocation Term Trust	$7.46M	$7.38M	$7.72M
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	$0.00	$0.00	$0.00

FIKWX vs. ECAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	4.77%	11.32%	6.32%	9.85%	-12.27%	1.02%
ECAT BlackRock ESG Capital Allocation Term Trust	10.45%	16.64%	19.96%	32.36%	-21.90%	-6.25%

Correlation

The correlation between FIKWX and ECAT is 0.72, 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.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.67

The correlation between FIKWX and ECAT has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

Return for Risk

FIKWX vs. ECAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIKWX

FIKWX Risk / Return Rank: 72
FIKWX Sharpe Ratio Rank: 71
FIKWX Sortino Ratio Rank: 71
FIKWX Omega Ratio Rank: 72
FIKWX Calmar Ratio Rank: 70
FIKWX Martin Ratio Rank: 76

ECAT

ECAT Risk / Return Rank: 29
ECAT Sharpe Ratio Rank: 31
ECAT Sortino Ratio Rank: 30
ECAT Omega Ratio Rank: 30
ECAT Calmar Ratio Rank: 27
ECAT Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIKWX vs. ECAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) 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.

	FIKWX	ECAT	Difference
Sharpe ratio: Return per unit of total volatility	1.72	0.97	+0.75
Sortino ratio: Return per unit of downside risk	2.46	1.42	+1.04
Omega ratio: Gain probability vs. loss probability	1.33	1.17	+0.15
Calmar ratio: Return relative to maximum drawdown	2.38	1.16	+1.22
Martin ratio: Return relative to average drawdown	9.68	4.22	+5.46

FIKWX vs. ECAT - Sharpe Ratio Comparison

The current FIKWX Sharpe Ratio is 1.72, which is higher than the ECAT Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FIKWX and ECAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIKWX vs. ECAT - Drawdown Comparison

The maximum FIKWX drawdown since its inception was -16.51%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for FIKWX and ECAT.

Drawdown Indicators

	FIKWX	ECAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.51%	-32.23%	+15.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-11.80%	+7.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.00%	-15.79%	+9.79%
Max Drawdown (5Y) Largest decline over 5 years	-16.51%	—	—
Current Drawdown Current decline from peak	-1.34%	-4.28%	+2.94%
Average Drawdown Average peak-to-trough decline	-3.35%	-8.86%	+5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	3.24%	-2.18%

Volatility

FIKWX vs. ECAT - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) is 1.71%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 3.75%. This indicates that FIKWX 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.

Volatility by Period

	FIKWX	ECAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	3.75%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	11.27%	-6.15%
Volatility (1Y) Calculated over the trailing 1-year period	5.99%	14.17%	-8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	16.82%	-10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.83%	16.82%	-9.99%

FIKWX vs. ECAT - Expense Ratio Comparison

FIKWX has a 0.50% expense ratio, which is lower than ECAT's 1.43% expense ratio.

Dividends

FIKWX vs. ECAT - Dividend Comparison

FIKWX's dividend yield for the trailing twelve months is around 2.48%, less than ECAT's 22.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	2.30%	2.84%	3.12%	2.82%	4.95%	1.90%	2.28%	3.31%	2.70%

Frequently Asked Questions

Can I hold both FIKWX and ECAT in my portfolio?

FIKWX and ECAT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKWX or ECAT?

ECAT has higher volatility (3.75%) compared to FIKWX (1.71%). In terms of maximum drawdown, FIKWX dropped -16.51% vs ECAT's -32.23%.

Which has better risk-adjusted returns?

FIKWX currently has the higher Sharpe Ratio (1.72 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.