BXMIX Alternatives & Similar Mutual Funds

Blackstone Alternative Multi-Strategy Fund (BXMIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BXMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BXMIX

BXMIX charges 2.33% annually. There are 40 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.

Symbol	Name	Expense Ratio	AUM	Inception
RMDFX	Aspiriant Defensive Allocation Fund	0.18%	—	Dec 2015	BXMIX vs RMDFX
SPATX	Symmetry Panoramic Alternatives Fund	0.50%	—	Nov 2018	BXMIX vs SPATX
TALTX	Morgan Stanley Pathway Funds Alternative Strategie...	0.59%	—	Feb 2018	BXMIX vs TALTX
GAAVX	GMO Alternative Allocation Fund	0.61%	—	May 2019	BXMIX vs GAAVX
WRPIX	Allspring Alternative Risk Premia Fund	0.72%	—	Jan 2019	BXMIX vs WRPIX

Best Risk-Adjusted Alternatives to BXMIX

BXMIX has a PortfoliosLab risk / return rank of 99. There are 4 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	100	—	Dec 2013	BXMIX vs SRRIX
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	100	—	Aug 2017	BXMIX vs ARBIX
ADAIX	AQR Diversified Arbitrage Fund Class I	99	—	Jan 2009	BXMIX vs ADAIX
ADANX	AQR Diversified Arbitrage Fund Class N	99	—	Jan 2009	BXMIX vs ADANX
SHRIX	Stone Ridge High Yield Reinsurance Risk Premium Fu...	98	—	Feb 2013	BXMIX vs SHRIX

Top Performing BXMIX Alternatives (YTD)

BXMIX is at 3.46% YTD. There are 39 mutual funds in the Multistrategy category with higher YTD returns, going as high as 19.20%.

Symbol	Name	YTD Return	AUM	Inception
QRPRX	AQR Alternative Risk Premia R6	19.20%	—	Sep 2017	BXMIX vs QRPRX
QRPIX	AQR Alternative Risk Premia Fund	18.92%	—	Sep 2017	BXMIX vs QRPIX
QRPNX	AQR Alternative Risk Premia Fund Class N	18.84%	—	Sep 2017	BXMIX vs QRPNX
MAFIX	Abbey Capital Multi Asset Fund Class I	13.53%	—	Apr 2018	BXMIX vs MAFIX
QSPRX	AQR Style Premia Alternative R6	12.86%	—	Sep 2014	BXMIX vs QSPRX

Lowest Volatility Alternatives to BXMIX

BXMIX has 3.15% 1-year volatility. There are 13 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.

Symbol	Name	Volatility 1Y	AUM	Inception
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	1.22%	—	Aug 2017	BXMIX vs ARBIX
ADAIX	AQR Diversified Arbitrage Fund Class I	1.40%	—	Jan 2009	BXMIX vs ADAIX
ADANX	AQR Diversified Arbitrage Fund Class N	1.43%	—	Jan 2009	BXMIX vs ADANX
TMSRX	T. Rowe Price Multi-Strategy Total Return Fund	1.70%	—	Feb 2018	BXMIX vs TMSRX
TALTX	Morgan Stanley Pathway Funds Alternative Strategie...	2.02%	—	Feb 2018	BXMIX vs TALTX

Lowest Drawdown Alternatives to BXMIX

BXMIX has a 1-year max drawdown of -1.53%. There are 11 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ADANX	AQR Diversified Arbitrage Fund Class N	-0.39%	—	Jan 2009	BXMIX vs ADANX
ADAIX	AQR Diversified Arbitrage Fund Class I	-0.46%	—	Jan 2009	BXMIX vs ADAIX
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	-0.51%	—	Aug 2017	BXMIX vs ARBIX
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	-0.55%	—	Dec 2013	BXMIX vs SRRIX
TMSRX	T. Rowe Price Multi-Strategy Total Return Fund	-0.83%	—	Feb 2018	BXMIX vs TMSRX

Other Mutual Funds from Blackstone

The 3 most viewed Blackstone mutual funds shown here include BGB, BGX, BSL and span 2 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BGB	Blackstone GSO Strategic Credit Closed Fund	High Yield Bonds	5	-1.05%	—	Sep 2012	BXMIX vs BGB
BGX	Blackstone Long-Short Credit Income Fund	Long-Short	1	-4.25%	—	Jan 2011	BXMIX vs BGX
BSL	Blackstone Senior Floating Rate 2027 Term Fund	High Yield Bonds	2	-1.37%	—	May 2010	BXMIX vs BSL

Often Compared With BXMIX

Investors most often compare BXMIX with BIMBX, SPY, ORILX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BIMBX	BlackRock Systematic Multi-Strategy Class I	Diversified Portfolio	4	-0.77%	—	May 2015	BXMIX vs BIMBX
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	BXMIX vs SPY
ORILX	North Square Multi Strategy Fund	Diversified Portfolio	47	7.83%	—	Feb 1999	BXMIX vs ORILX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	23	2.69%	—	Feb 2007	BXMIX vs EXG
MSFT	Microsoft Corporation		29	-11.24%	—	—	BXMIX vs MSFT
BND	Vanguard Total Bond Market ETF	Total Bond Market	37	0.27%	389.80B	Apr 2007	BXMIX vs BND
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	BXMIX vs SCHD
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	BXMIX vs VOO
IVVW	iShares S&P 500 BuyWrite ETF	Derivative Income, S&P 500	82	4.84%	292.36M	Mar 2024	BXMIX vs IVVW
^GSPC	S&P 500 Index		73	10.35%	—	—	BXMIX vs ^GSPC
APFOX	Artisan Emerging Markets Debt Opportunities Fund	Emerging Markets Bonds	96	4.89%	—	Apr 2022	BXMIX vs APFOX
QSPNX	AQR Style Premia Alternative Fund Class N	Multistrategy	49	12.78%	—	Oct 2013	BXMIX vs QSPNX
HMEZX	NexPoint Merger Arbitrage Fund	Event Driven	99	1.72%	—	Aug 2016	BXMIX vs HMEZX
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Nasdaq-100, Derivative Income	74	9.54%	39.63B	May 2022	BXMIX vs JEPQ
FCRIX	FS Credit Income Fund Class I	Multistrategy	96	2.81%	—	Nov 2017	BXMIX vs FCRIX
EBI	Longview Advantage ETF	Large Cap Blend Equities	86	15.14%	562.31M	Feb 2025	BXMIX vs EBI
CMNIX	Calamos Market Neutral Income Fund Institutional C...		98	2.86%	—	May 2000	BXMIX vs CMNIX
QSPIX	AQR Style Premia Alternative Fund	Multistrategy	50	12.83%	—	Oct 2013	BXMIX vs QSPIX
SPMO	Invesco S&P 500 Momentum ETF	Momentum, S&P 500	75	30.35%	19.93B	Oct 2015	BXMIX vs SPMO
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	4.26%	—	Jun 2007	BXMIX vs EIGMX

Compare BXMIX with Any Fund or Stock

Compare BXMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair BXMIX with funds that move differently

Blackstone Alternative Multi-Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BXMIX.

Explore BXMIX Diversifiers

Blackstone Alternative Multi-Strategy Fund (BXMIX) Alternatives