MAGRX vs. ECAT
MAGRX (BlackRock Natural Resources Trust Fund) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - MAGRX is a Energy Equities fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, MAGRX returned 11.49%/yr vs 18.63%/yr for ECAT. Their 0.42 correlation means their historical movements had little consistent relationship. MAGRX charges 0.87%/yr vs 1.43%/yr for ECAT.
Performance
MAGRX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, MAGRX achieves a 14.60% return, which is significantly higher than ECAT's 11.70% return.
MAGRX
- 1D
- -0.84%
- 1M
- 5.20%
- 6M
- 2.92%
- YTD
- 14.60%
- 1Y
- 35.66%
- 3Y*
- 11.49%
- 5Y*
- 12.25%
- 10Y*
- 9.86%
- ALL TIME*
- 7.79%
ECAT
- 1D
- 1.13%
- 1M
- -2.46%
- 6M
- 8.98%
- YTD
- 11.70%
- 1Y
- 15.34%
- 3Y*
- 18.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.83M | $7.54M | $7.77M | |
| $0.00 | $0.00 | $0.00 |
MAGRX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 14.60% | 30.26% | -5.65% | -1.36% | 17.20% | 8.62% |
ECAT BlackRock ESG Capital Allocation Term Trust | 11.70% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between MAGRX and ECAT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.42 |
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Return for Risk
MAGRX vs. ECAT — Risk / Return Rank
MAGRX
ECAT
MAGRX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Natural Resources Trust Fund (MAGRX) 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.
| MAGRX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.31 | +1.52 |
| Martin ratioReturn relative to average drawdown | 7.94 | 4.74 | +3.20 |
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Drawdowns
MAGRX vs. ECAT - Drawdown Comparison
The maximum MAGRX drawdown since its inception was -65.68%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for MAGRX and ECAT.
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Drawdown Indicators
| MAGRX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.68% | -32.23% | -33.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -11.80% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -15.79% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.11% | — | — |
Current DrawdownCurrent decline from peak | -6.08% | -3.19% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -8.85% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 3.25% | +1.12% |
Volatility
MAGRX vs. ECAT - Volatility Comparison
BlackRock Natural Resources Trust Fund (MAGRX) has a higher volatility of 4.25% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 3.93%. This indicates that MAGRX's price experiences larger fluctuations and is considered to be riskier 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
| MAGRX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.93% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 11.29% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.27% | 14.23% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 16.82% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 16.82% | +5.59% |
MAGRX vs. ECAT - Expense Ratio Comparison
MAGRX has a 0.87% expense ratio, which is lower than ECAT's 1.43% expense ratio.
Dividends
MAGRX vs. ECAT - Dividend Comparison
MAGRX's dividend yield for the trailing twelve months is around 10.88%, less than ECAT's 22.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECAT BlackRock ESG Capital Allocation Term Trust | 22.06% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAGRX BlackRock Natural Resources Trust Fund | 10.88% | 8.44% | 3.32% | 4.16% | 10.86% | 3.90% | 2.07% | 2.97% | 20.12% | 49.72% | 0.87% | 8.29% |
Frequently Asked Questions
MAGRX and ECAT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGRX has higher volatility (4.25%) compared to ECAT (3.93%). In terms of maximum drawdown, MAGRX dropped -65.68% vs ECAT's -32.23%.
MAGRX currently has the higher Sharpe Ratio (2.01 vs 1.08), 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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