- ISIN
- US09257D1028
- CUSIP
- 09257D102
- Issuer
- Blackstone
- Inception Date
- Jan 27, 2011
- Category
- Long-Short
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BGX Performance Chart
Blackstone Long-Short Credit Income Fund (BGX) is down 4.0% since the beginning of the year. BGX is currently trading at $11 per share. Investors who bought $1,000 worth of BGX shares 5 years ago would now be looking at an investment worth $1,151.
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Returns By Period
Blackstone Long-Short Credit Income Fund (BGX) has returned -3.98% so far this year and -3.14% over the past 12 months. Over the last ten years, BGX has returned 6.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Blackstone Long-Short Credit Income Fund
- 1D
- 0.18%
- 1M
- 0.46%
- YTD
- -3.98%
- 6M
- -3.37%
- 1Y
- -3.14%
- 3Y*
- 9.09%
- 5Y*
- 2.85%
- 10Y*
- 6.43%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 27, 2011, BGX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 54% of months were positive and 46% were negative. The best month was Mar 2016 with a return of +10.1%, while the worst month was Mar 2020 at -27.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 10 months.
On a daily basis, BGX closed higher 50% of trading days. The best single day was Mar 20, 2020 with a return of +14.4%, while the worst single day was Mar 18, 2020 at -25.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.20% | -5.12% | 1.22% | 1.75% | -0.36% | -0.18% | -3.98% | ||||||
| 2025 | 4.02% | -1.74% | -1.45% | -1.22% | 0.79% | 3.10% | 1.97% | 0.12% | -3.36% | -1.07% | 1.63% | -0.46% | 2.09% |
| 2024 | 4.89% | 1.70% | 2.52% | -0.20% | 4.14% | -0.36% | 3.68% | 2.40% | -0.70% | -0.46% | 2.71% | -1.85% | 19.83% |
| 2023 | 8.57% | -1.00% | -3.93% | 0.99% | 0.00% | 5.80% | 3.13% | 0.56% | 1.83% | -2.97% | 2.52% | 2.60% | 18.92% |
| 2022 | -1.90% | -4.19% | -1.65% | -2.97% | -4.67% | -5.79% | 5.76% | -0.02% | -8.48% | 1.34% | 4.08% | -3.39% | -20.57% |
| 2021 | 2.53% | 2.27% | 1.66% | 1.28% | 1.84% | 5.43% | -3.56% | 1.72% | 3.99% | 1.48% | -1.89% | -0.16% | 17.54% |
Benchmark Metrics
Blackstone Long-Short Credit Income Fund has an annualized alpha of 0.80%, beta of 0.38, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since January 27, 2011.
- This fund participated in 54.88% of S&P 500 Index downside but only 40.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.38 may look defensive, but with R2 of 0.17 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.17 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.80%
- Beta
- 0.38
- R²
- 0.17
- Upside Capture
- 40.03%
- Downside Capture
- 54.88%
Expense Ratio
BGX has a high expense ratio of 1.46%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BGX ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Blackstone Long-Short Credit Income Fund (BGX) and compare them to S&P 500 Index.
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.
| BGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.78 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.51 | 12.44 | -12.95 |
Dividends
Dividend History
Blackstone Long-Short Credit Income Fund provided a 9.01% dividend yield over the last twelve months, with an annual payout of $0.98 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.98 | $1.03 | $1.23 | $1.34 | $0.88 | $1.03 | $1.18 | $1.46 | $1.61 | $1.13 | $1.43 | $1.18 |
Dividend yield | 9.01% | 8.87% | 9.89% | 11.71% | 8.15% | 7.01% | 8.76% | 9.35% | 11.74% | 7.12% | 9.01% | 8.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Blackstone Long-Short Credit Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.09 | $0.07 | $0.07 | $0.07 | $0.00 | $0.30 | ||||||
| 2025 | $0.00 | $0.10 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.18 | $1.03 |
| 2024 | $0.00 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.19 | $1.23 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.21 | $1.34 |
| 2022 | $0.00 | $0.08 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.10 | $0.88 |
| 2021 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.21 | $1.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Blackstone Long-Short Credit Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Blackstone Long-Short Credit Income Fund was 47.40%, occurring on Mar 18, 2020. Recovery took 312 trading sessions.
The current Blackstone Long-Short Credit Income Fund drawdown is 7.66%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -47.40%Mar 2020 | 26d | 1y 2mo | 1y 3moFeb 2020 - Jun 2021 |
Bear market2022 | -25.94%Oct 2022 | 11mo 1d | 1y 5mo | 2y 4moNov 2021 - Mar 2024 |
2016 bear market2016 | -24.79%Feb 2016 | 2y 10mo | 7mo 19d | 3y 5moApr 2013 - Sep 2016 |
Rate-hike selloffLate 2018 | -16.58%Dec 2018 | 3mo 24d | 3mo 20d | 7mo 14dAug 2018 - Apr 2019 |
2011 correction2011 | -16.24%Sep 2011 | 4mo 6d | 10mo 15d | 1y 2moMay 2011 - Aug 2012 |
Drawdown Indicators
| BGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -56.78% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.10% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -18.90% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | -25.43% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -33.92% | -13.48% |
Current DrawdownCurrent decline from peak | -7.66% | -1.80% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -10.71% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 2.03% | +4.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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