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 19 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% | 12.26M | 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 1. There are 47 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 97 | — | Nov 1998 | BGX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 96 | 561.90M | Nov 1998 | BGX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 96 | — | Oct 1998 | BGX vs VMNIX | |
| John Hancock Disciplined Value Global Long/Short F... | 89 | — | Apr 2014 | BGX vs JAKVX | |
| Quantitative U.S. Long/Short Equity Portfolio | 89 | — | Sep 2006 | BGX vs GTAPX |
Top Performing BGX Alternatives (YTD)
BGX is at -3.97% YTD. There are 49 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 18.98% | — | Nov 1998 | BGX vs BPLEX | |
| Guggenheim Alpha Opportunity Fund | 15.73% | — | Jul 2003 | BGX vs SAOAX | |
| Vanguard Market Neutral Fund Institutional Shares | 15.32% | — | Oct 1998 | BGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 15.32% | 561.90M | Nov 1998 | BGX vs VMNFX | |
| Longboard Alternative Growth Fund | 13.28% | — | Mar 2015 | BGX vs LONGX |
Lowest Volatility Alternatives to BGX
BGX has 7.79% 1-year volatility. There are 10 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.34% | — | Dec 2011 | BGX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.54% | — | Dec 2012 | BGX vs ASILX | |
| MFS Managed Wealth Fund | 5.92% | — | Jun 2014 | BGX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.24% | — | Jan 2012 | BGX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.33% | — | Dec 2019 | BGX vs KCEIX |
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 | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | BGX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | BGX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | BGX vs LSEIX |
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 | 5.47% | — | Jun 2014 | BGX vs BXMIX | |
| Blackstone GSO Strategic Credit Closed Fund | High Yield Bonds | 2 | -0.47% | — | Sep 2012 | BGX vs BGB | |
| Blackstone Senior Floating Rate 2027 Term Fund | High Yield Bonds | 2 | 0.41% | — | May 2010 | BGX vs BSL |
Often Compared With BGX
Investors most often compare BGX with BIVIX, CDAZX, PWLIX. These 14 comparison targets span 4 categories, based on PortfoliosLab usage data.
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