FIXRX vs. ECAT

Last updated Jul 14, 2026

FIXRX (Fidelity Managed Retirement 2025 Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - FIXRX is a Target Retirement Date fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. A 0.67 correlation means they provide meaningful diversification when combined. FIXRX charges 0.48%/yr vs 1.43%/yr for ECAT.

Performance

FIXRX vs. ECAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2025 Fund (FIXRX) and BlackRock ESG Capital Allocation Term Trust (ECAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIXRX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECAT

• 1D: 0.19%
• 1M: 4.02%
• 6M: 11.20%
• YTD: 15.10%
• 1Y: 20.06%
• 3Y*: 19.50%
• 5Y*: —
• 10Y*: —

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

FIXRX vs. ECAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIXRX Fidelity Managed Retirement 2025 Fund	4.52%	13.42%	6.56%	11.83%	-15.65%	0.96%
ECAT BlackRock ESG Capital Allocation Term Trust	15.10%	16.64%	19.96%	32.36%	-21.90%	-6.25%

Correlation

The correlation between FIXRX and ECAT is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.67

The correlation between FIXRX and ECAT has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

Return for Risk

FIXRX vs. ECAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIXRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ECAT

ECAT Risk / Return Rank: 39
ECAT Sharpe Ratio Rank: 42
ECAT Sortino Ratio Rank: 42
ECAT Omega Ratio Rank: 40
ECAT Calmar Ratio Rank: 33
ECAT Martin Ratio Rank: 37

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.

FIXRX vs. ECAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2025 Fund (FIXRX) 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.

	FIXRX	ECAT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.45	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	1.71	—
Martin ratio: Return relative to average drawdown	—	6.34	—

Drawdowns

Drawdown Indicators

	FIXRX	ECAT	Difference
Max Drawdown Largest peak-to-trough decline	—	-32.23%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.79%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-8.93%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.17%	—

Volatility

Volatility by Period

	FIXRX	ECAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.90%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.84%	—

FIXRX vs. ECAT - Expense Ratio Comparison

FIXRX has a 0.48% expense ratio, which is lower than ECAT's 1.43% expense ratio.

Dividends

FIXRX vs. ECAT - Dividend Comparison

FIXRX's dividend yield for the trailing twelve months is around 3.58%, less than ECAT's 21.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECAT BlackRock ESG Capital Allocation Term Trust	21.21%	23.00%	17.44%	9.14%	8.94%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIXRX Fidelity Managed Retirement 2025 Fund	3.58%	2.67%	2.59%	2.44%	4.74%	5.12%	3.58%	3.87%	7.10%	24.84%	2.44%	4.49%

Frequently Asked Questions

Can I hold both FIXRX and ECAT in my portfolio?

FIXRX and ECAT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.