NXG vs. ECAT

Last updated Apr 2, 2026

Compare and contrast key facts about NXG NextGen Infrastructure Income Fund (NXG) and BlackRock ESG Capital Allocation Term Trust (ECAT).

NXG is an actively managed fund by NXG. It was launched on Sep 28, 2012. ECAT is managed by BlackRock. It was launched on Sep 28, 2021.

Performance

NXG vs. ECAT - Performance Comparison

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

NXG vs. ECAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXG NXG NextGen Infrastructure Income Fund	11.11%	28.75%	51.16%	4.54%	-5.68%
ECAT BlackRock ESG Capital Allocation Term Trust	-4.58%	16.64%	19.96%	32.36%	0.16%

Returns By Period

In the year-to-date period, NXG achieves a 11.11% return, which is significantly higher than ECAT's -4.58% return.

NXG

• 1D: -0.92%
• 1M: -0.04%
• YTD: 11.11%
• 6M: 18.12%
• 1Y: 35.48%
• 3Y*: 32.28%
• 5Y*: —
• 10Y*: —

ECAT

• 1D: 2.28%
• 1M: -6.35%
• YTD: -4.58%
• 6M: -6.60%
• 1Y: 8.30%
• 3Y*: 14.06%
• 5Y*: —
• 10Y*: —

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

NXG vs. ECAT - Expense Ratio Comparison

NXG has a 1.00% expense ratio, which is lower than ECAT's 1.38% expense ratio.

ECAT

BlackRock ESG Capital Allocation Term Trust

NXG

NXG NextGen Infrastructure Income Fund

Return for Risk

NXG vs. ECAT — Risk / Return Rank

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

NXG

NXG Risk / Return Rank: 70
NXG Sharpe Ratio Rank: 75
NXG Sortino Ratio Rank: 69
NXG Omega Ratio Rank: 75
NXG Calmar Ratio Rank: 69
NXG Martin Ratio Rank: 60

ECAT

ECAT Risk / Return Rank: 19
ECAT Sharpe Ratio Rank: 17
ECAT Sortino Ratio Rank: 16
ECAT Omega Ratio Rank: 16
ECAT Calmar Ratio Rank: 24
ECAT Martin Ratio Rank: 24

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.

NXG vs. ECAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG NextGen Infrastructure Income Fund (NXG) 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.

	NXG	ECAT	Difference
Sharpe ratio Return per unit of total volatility	1.39	0.49	+0.90
Sortino ratio Return per unit of downside risk	1.77	0.78	+0.99
Omega ratio Gain probability vs. loss probability	1.30	1.11	+0.19
Calmar ratio Return relative to maximum drawdown	1.66	0.73	+0.92
Martin ratio Return relative to average drawdown	5.98	2.69	+3.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXG vs. ECAT - Sharpe Ratio Comparison

The current NXG Sharpe Ratio is 1.39, which is higher than the ECAT Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of NXG and ECAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXG	ECAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	0.49	+0.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.35	+0.58

Correlation

The correlation between NXG and ECAT is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NXG vs. ECAT - Dividend Comparison

NXG's dividend yield for the trailing twelve months is around 11.82%, less than ECAT's 24.82% yield.

	TTM	2025	2024	2023	2022	2021
NXG NXG NextGen Infrastructure Income Fund	11.82%	12.67%	14.15%	12.00%	1.11%	0.00%
ECAT BlackRock ESG Capital Allocation Term Trust	24.82%	23.00%	17.44%	9.14%	8.94%	0.54%

Drawdowns

NXG vs. ECAT - Drawdown Comparison

The maximum NXG drawdown since its inception was -26.14%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for NXG and ECAT.

Drawdown Indicators

	NXG	ECAT	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-32.23%	+6.09%
Max Drawdown (1Y) Largest decline over 1 year	-20.94%	-12.90%	-8.04%
Current Drawdown Current decline from peak	-3.72%	-8.44%	+4.72%
Average Drawdown Average peak-to-trough decline	-6.77%	-9.40%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	3.53%	+2.28%

Volatility

NXG vs. ECAT - Volatility Comparison

NXG NextGen Infrastructure Income Fund (NXG) has a higher volatility of 7.41% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 6.50%. This indicates that NXG'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.

Volatility by Period

	NXG	ECAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	6.50%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	10.60%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	17.10%	+8.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.90%	16.98%	+9.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.90%	16.98%	+9.92%