LIHIX vs. ECAT
LIHIX (BlackRock LifePath Index 2045 Fund Institutional) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - LIHIX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2045 Custom Benchmark, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, LIHIX returned 14.76%/yr vs 17.59%/yr for ECAT. Their 0.73 correlation means they have sometimes moved together and sometimes differently. LIHIX charges 0.14%/yr vs 1.43%/yr for ECAT.
Performance
LIHIX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, LIHIX achieves a 9.63% return, which is significantly lower than ECAT's 10.45% return.
LIHIX
- 1D
- 1.70%
- 1M
- -0.51%
- 6M
- 6.72%
- YTD
- 9.63%
- 1Y
- 20.11%
- 3Y*
- 14.76%
- 5Y*
- 8.37%
- 10Y*
- 10.56%
- ALL TIME*
- 9.31%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.46M | $7.38M | $7.72M | |
| $0.00 | $0.00 | $0.00 |
LIHIX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LIHIX BlackRock LifePath Index 2045 Fund Institutional | 9.63% | 19.01% | 11.80% | 20.26% | -18.10% | 3.39% |
ECAT BlackRock ESG Capital Allocation Term Trust | 10.45% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between LIHIX and ECAT is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.73 |
The correlation between LIHIX and ECAT has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
LIHIX vs. ECAT — Risk / Return Rank
LIHIX
ECAT
LIHIX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2045 Fund Institutional (LIHIX) 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.
| LIHIX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.16 | +1.07 |
| Martin ratioReturn relative to average drawdown | 9.45 | 4.22 | +5.23 |
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Drawdowns
LIHIX vs. ECAT - Drawdown Comparison
The maximum LIHIX drawdown since its inception was -33.31%, roughly equal to the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for LIHIX and ECAT.
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Drawdown Indicators
| LIHIX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -32.23% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -11.80% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -15.79% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -4.28% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -8.86% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.24% | -1.28% |
Volatility
LIHIX vs. ECAT - Volatility Comparison
The current volatility for BlackRock LifePath Index 2045 Fund Institutional (LIHIX) is 3.39%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 3.75%. This indicates that LIHIX 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.
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Volatility by Period
| LIHIX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.75% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 11.27% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 14.17% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.64% | 16.82% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 16.82% | -1.13% |
LIHIX vs. ECAT - Expense Ratio Comparison
LIHIX has a 0.14% expense ratio, which is lower than ECAT's 1.43% expense ratio.
Dividends
LIHIX vs. ECAT - Dividend Comparison
LIHIX's dividend yield for the trailing twelve months is around 2.62%, less than ECAT's 22.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LIHIX BlackRock LifePath Index 2045 Fund Institutional | 2.62% | 2.78% | 0.01% | 2.19% | 2.01% | 2.29% | 1.09% | 3.32% | 2.43% | 2.29% | 1.55% | 3.11% |
Frequently Asked Questions
LIHIX and ECAT have a correlation of 0.73, 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 LIHIX (3.39%). In terms of maximum drawdown, LIHIX dropped -33.31% vs ECAT's -32.23%.
LIHIX currently has the higher Sharpe Ratio (1.57 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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