ECAT vs EVGN: Correlation
Measured on weekly returns over the past three years, BlackRock ESG Capital Allocation Term Trust (ECAT) and Evogene Ltd. (EVGN) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECAT and EVGN?
On 3 years of weekly data the ECAT/EVGN correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.23 over 1 year against 0.33 over 3. The 5-year figure is 0.30, and annualized covariance runs at 364.4 %².
Among the 12 assets we track against ECAT, EVGN sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months ECAT outperformed by 73.6 percentage points (+14.7% for ECAT against -58.9% for EVGN). One caveat on sizing: EVGN is 4.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ECAT vs EVGN: side by side
| ECAT (BlackRock ESG Capital Allocation Term Trust) | EVGN (Evogene Ltd.) | |
|---|---|---|
| 1-year return | +14.7% | -58.9% |
| 5-year return | +56.8% | -97.9% |
| Volatility (ann.) | 15.2% | 71.8% |
| Beta vs S&P 500 | 0.79 | 1.04 |
| Max drawdown (3Y) | -15.8% | -96.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | 7.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECAT | EVGN |
|---|---|---|
| 2022 | -21.9% | -57.3% |
| 2023 | +32.4% | +20.0% |
| 2024 | +20.0% | -77.7% |
| 2025 | +16.6% | -41.2% |
| 2026 | +15.6% | -51.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECAT and EVGN good diversifiers for each other?
Reasonably. At 0.33, ECAT and EVGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECAT and EVGN?
As of 2026-08-27, the correlation of weekly returns between ECAT and EVGN is 0.33 over 3 years, 0.23 over 1 year and 0.30 over 5 years.
Is EVGN a good diversifier for ECAT?
Reasonably. At 0.33, ECAT and EVGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ECAT correlations · EVGN correlations
