FTAAX vs. ECAT

Last updated Jun 23, 2026

FTAAX (Fidelity Advisor Asset Manager 30% Fund Class A) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - FTAAX is a Diversified Portfolio fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, FTAAX returned 9.02%/yr vs 19.58%/yr for ECAT. A 0.67 correlation means they provide meaningful diversification when combined. FTAAX charges 0.83%/yr vs 1.43%/yr for ECAT.

Performance

FTAAX vs. ECAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class A (FTAAX) 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, FTAAX achieves a 5.95% return, which is significantly lower than ECAT's 12.06% return.

FTAAX

• 1D: 0.67%
• 1M: 1.30%
• YTD: 5.95%
• 6M: 6.02%
• 1Y: 13.79%
• 3Y*: 9.02%
• 5Y*: 4.19%
• 10Y*: 5.41%

ECAT

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

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

FTAAX vs. ECAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FTAAX Fidelity Advisor Asset Manager 30% Fund Class A	5.95%	10.98%	6.05%	9.46%	-12.55%	0.90%
ECAT BlackRock ESG Capital Allocation Term Trust	12.06%	16.64%	19.96%	32.36%	-21.90%	-6.25%

Correlation

The correlation between FTAAX and ECAT is 0.68, 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	0.68
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 FTAAX and ECAT has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

FTAAX vs. ECAT — Risk / Return Rank

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

FTAAX

FTAAX Risk / Return Rank: 77
FTAAX Sharpe Ratio Rank: 77
FTAAX Sortino Ratio Rank: 77
FTAAX Omega Ratio Rank: 79
FTAAX Calmar Ratio Rank: 73
FTAAX Martin Ratio Rank: 77

ECAT

ECAT Risk / Return Rank: 34
ECAT Sharpe Ratio Rank: 36
ECAT Sortino Ratio Rank: 36
ECAT Omega Ratio Rank: 35
ECAT Calmar Ratio Rank: 29
ECAT Martin Ratio Rank: 33

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.

FTAAX vs. ECAT - Risk-Adjusted Trends Comparison

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

	FTAAX	ECAT	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.62	+0.73
Sortino ratio: Return per unit of downside risk	3.37	2.30	+1.06
Omega ratio: Gain probability vs. loss probability	1.47	1.29	+0.18
Calmar ratio: Return relative to maximum drawdown	3.17	1.90	+1.27
Martin ratio: Return relative to average drawdown	13.44	7.04	+6.40

FTAAX vs. ECAT - Sharpe Ratio Comparison

The current FTAAX Sharpe Ratio is 2.35, which is higher than the ECAT Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FTAAX 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

FTAAX vs. ECAT - Drawdown Comparison

The maximum FTAAX drawdown since its inception was -26.49%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for FTAAX and ECAT.

Drawdown Indicators

	FTAAX	ECAT	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-32.23%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-11.80%	+7.46%
Max Drawdown (3Y) Largest decline over 3 years	-6.02%	-15.79%	+9.77%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.76%	—	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-3.19%	-9.04%	+5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	3.17%	-2.15%

Volatility

FTAAX vs. ECAT - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class A (FTAAX) is 2.52%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 4.36%. This indicates that FTAAX 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

	FTAAX	ECAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	4.36%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	4.98%	10.99%	-6.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	13.79%	-7.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.56%	16.89%	-10.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.19%	16.89%	-10.70%

FTAAX vs. ECAT - Expense Ratio Comparison

FTAAX has a 0.83% expense ratio, which is lower than ECAT's 1.43% expense ratio.

Dividends

FTAAX vs. ECAT - Dividend Comparison

FTAAX's dividend yield for the trailing twelve months is around 2.47%, less than ECAT's 21.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
FTAAX Fidelity Advisor Asset Manager 30% Fund Class A	2.47%	2.55%	2.79%	2.49%	4.58%	1.56%	1.96%	2.96%	3.51%	2.55%	1.34%	3.24%

Frequently Asked Questions

Can I hold both FTAAX and ECAT in my portfolio?

FTAAX and ECAT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTAAX or ECAT?

ECAT has higher volatility (4.36%) compared to FTAAX (2.52%). In terms of maximum drawdown, FTAAX dropped -26.49% vs ECAT's -32.23%.

Which has better risk-adjusted returns?

FTAAX currently has the higher Sharpe Ratio (2.35 vs 1.62), 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.