SHSAX vs. ECAT
SHSAX (BlackRock Health Sciences Opportunities Portfolio) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both mutual funds - SHSAX is a Health & Biotech Equities fund managed by BlackRock, while ECAT is a Tactical Allocation fund managed by BlackRock. Over the past 3 years, SHSAX returned 6.60%/yr vs 19.30%/yr for ECAT. A 0.51 correlation means they provide meaningful diversification when combined. SHSAX charges 1.09%/yr vs 1.43%/yr for ECAT.
Performance
SHSAX vs. ECAT - Performance Comparison
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Returns By Period
In the year-to-date period, SHSAX achieves a -1.61% return, which is significantly lower than ECAT's 11.26% return.
SHSAX
- 1D
- 1.37%
- 1M
- 1.76%
- YTD
- -1.61%
- 6M
- -2.20%
- 1Y
- 17.76%
- 3Y*
- 6.60%
- 5Y*
- 3.86%
- 10Y*
- 10.05%
ECAT
- 1D
- -0.71%
- 1M
- 1.46%
- YTD
- 11.26%
- 6M
- 9.76%
- 1Y
- 21.00%
- 3Y*
- 19.30%
- 5Y*
- —
- 10Y*
- —
SHSAX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | -1.61% | 15.85% | 3.73% | 3.59% | -5.94% | 4.28% |
ECAT BlackRock ESG Capital Allocation Term Trust | 11.26% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Correlation
The correlation between SHSAX and ECAT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.51 |
The correlation between SHSAX and ECAT shifts across timeframes, from 0.32 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHSAX vs. ECAT — Risk / Return Rank
SHSAX
ECAT
SHSAX vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) 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.
| SHSAX | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.79 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.39 | 6.64 | -2.26 |
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Drawdowns
SHSAX vs. ECAT - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for SHSAX and ECAT.
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Drawdown Indicators
| SHSAX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -32.23% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -11.80% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -15.79% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | — | — |
Current DrawdownCurrent decline from peak | -4.44% | -1.17% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -9.03% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 3.17% | +0.92% |
Volatility
SHSAX vs. ECAT - Volatility Comparison
BlackRock Health Sciences Opportunities Portfolio (SHSAX) has a higher volatility of 5.09% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 4.44%. This indicates that SHSAX'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
| SHSAX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 4.44% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.00% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 13.79% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 16.89% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 16.89% | -0.32% |
SHSAX vs. ECAT - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is lower than ECAT's 1.43% expense ratio.
Dividends
SHSAX vs. ECAT - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 10.81%, less than ECAT's 21.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECAT BlackRock ESG Capital Allocation Term Trust | 21.94% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 10.81% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
Frequently Asked Questions
SHSAX and ECAT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSAX has higher volatility (5.09%) compared to ECAT (4.44%). In terms of maximum drawdown, SHSAX dropped -35.49% vs ECAT's -32.23%.
ECAT currently has the higher Sharpe Ratio (1.53 vs 1.27), 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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