Blackstone Alternative Multi-Strategy Fund (BXMIX)

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Blackstone Alternative Multi-Strategy Fund (BXMIX) is up 4.4% since the beginning of the year. BXMIX is currently trading at $11 per share. Investors who bought $1,000 worth of BXMIX shares 5 years ago would now be looking at an investment worth $1,273.

Blackstone Alternative Multi-Strategy Fund (BXMIX) has returned 4.38% so far this year and 13.06% over the past 12 months. Over the last ten years, BXMIX has returned 4.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2015, BXMIX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jun 2020 with a return of +3.1%, while the worst month was Mar 2020 at -14.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BXMIX closed higher 45% of trading days. The best single day was Dec 18, 2024 with a return of +5.8%, while the worst single day was Dec 19, 2024 at -6.0%.

Blackstone Alternative Multi-Strategy Fund has an annualized alpha of 2.86%, beta of 0.10, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.60%) than losses (21.45%) - typical of diversified or defensive assets.
• Beta of 0.10 may look defensive, but with R2 of 0.13 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 0.13 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.

BXMIX has a high expense ratio of 2.33%, indicating above-average management fees.

BXMIX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Blackstone Alternative Multi-Strategy Fund provided a 7.43% dividend yield over the last twelve months, with an annual payout of $0.85 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Blackstone Alternative Multi-Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Blackstone Alternative Multi-Strategy 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 Alternative Multi-Strategy Fund was 19.28%, occurring on Mar 24, 2020. Recovery took 222 trading sessions.

The chart below shows the rolling one-month volatility.