Blackstone Long-Short Credit Income Fund (BGX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BGX
BGX charges 1.46% annually. There are 20 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | BGX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | BGX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | BGX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | BGX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | BGX vs BTPIX |
Best Risk-Adjusted Alternatives to BGX
BGX has a PortfoliosLab risk / return rank of 2. There are 47 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 95 | — | Nov 1998 | BGX vs BPLEX | |
| BlackRock Global Long/Short Equity Fund Class I | 94 | — | Dec 2012 | BGX vs BDMIX | |
| Vanguard Market Neutral Fund Institutional Shares | 87 | — | Oct 1998 | BGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 87 | 561.90M | Nov 1998 | BGX vs VMNFX | |
| John Hancock Disciplined Value Global Long/Short F... | 85 | — | Apr 2014 | BGX vs JAKVX |
Top Performing BGX Alternatives (YTD)
BGX is at -3.70% YTD. There are 42 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 14.80% | — | Nov 1998 | BGX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 13.60% | 561.90M | Nov 1998 | BGX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 13.60% | — | Oct 1998 | BGX vs VMNIX | |
| Longboard Alternative Growth Fund | 13.22% | — | Mar 2015 | BGX vs LONGX | |
| CRM Long/Short Opportunities Fund | 13.08% | — | Aug 2016 | BGX vs CRIHX |
Lowest Volatility Alternatives to BGX
BGX has 7.92% 1-year volatility. There are 16 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.30% | — | Dec 2011 | BGX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.58% | — | Dec 2012 | BGX vs ASILX | |
| MFS Managed Wealth Fund | 5.87% | — | Jun 2014 | BGX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.12% | — | Dec 2019 | BGX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.16% | — | Jan 2012 | BGX vs WRAIX |
Lowest Drawdown Alternatives to BGX
BGX has a 1-year max drawdown of -12.43%. There are 39 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | BGX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | BGX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | BGX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | BGX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | BGX vs GARIX |
Other Mutual Funds from Blackstone
The 3 most viewed Blackstone mutual funds shown here include BXMIX, BGB, BSL and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Blackstone Alternative Multi-Strategy Fund | Multistrategy | 99 | 4.38% | — | Jun 2014 | BGX vs BXMIX | |
| Blackstone GSO Strategic Credit Closed Fund | High Yield Bonds | 4 | -0.99% | — | Sep 2012 | BGX vs BGB | |
| Blackstone Senior Floating Rate 2027 Term Fund | High Yield Bonds | 2 | -1.20% | — | May 2010 | BGX vs BSL |
Often Compared With BGX
Investors most often compare BGX with BIVIX, SAOAX, CDAZX. These 12 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invenomic Fund Institutional Class | Long-Short | 2 | -15.76% | — | Jun 2017 | BGX vs BIVIX | |
| Guggenheim Alpha Opportunity Fund | Long-Short | 36 | 11.83% | — | Jul 2003 | BGX vs SAOAX | |
| Multi-Manager Directional Alternative Strategies F... | Long-Short | 85 | 8.84% | — | Jan 2017 | BGX vs CDAZX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | Long-Short | 4 | -0.25% | — | Dec 2014 | BGX vs PWLIX | |
| John Hancock Disciplined Value Global Long/Short F... | Long-Short | 84 | 9.32% | — | Dec 2013 | BGX vs JAKRX | |
| Persimmon Long/Short Fund | Long-Short | 83 | 6.63% | — | Dec 2012 | BGX vs LSEIX | |
| Hussman Strategic Growth Fund | Long-Short | 0 | -8.26% | — | Jul 2000 | BGX vs HSGFX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 8 | -0.56% | — | Sep 2008 | BGX vs QAMNX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 36 | -3.16% | — | Jul 2013 | BGX vs QLENX | |
| AQR Long-Short Equity Fund | Long-Short | 38 | -3.02% | — | Jul 2013 | BGX vs QLEIX | |
| Easterly Snow Capital Long/Short Opportunity Fund | Long-Short | 78 | 7.37% | — | Apr 2006 | BGX vs SNOIX | |
| ACM Dynamic Opportunity Fund | Long-Short | 33 | 10.69% | — | Jan 2015 | BGX vs ADOIX |
Compare BGX with Any Fund or Stock
Compare BGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BGX with funds that move differently
Blackstone Long-Short Credit Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BGX.
Explore BGX Diversifiers