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 56 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | BXMIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | BXMIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | BXMIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | BXMIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | BXMIX vs JAAAX |
Best Risk-Adjusted Alternatives to BXMIX
BXMIX has a PortfoliosLab risk / return rank of 99. There are 3 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | BXMIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | BXMIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | BXMIX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | BXMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | BXMIX vs ADANX |
Top Performing BXMIX Alternatives (YTD)
BXMIX is at 5.29% YTD. There are 36 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | BXMIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | BXMIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | BXMIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | BXMIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | BXMIX vs QSPRX |
Lowest Volatility Alternatives to BXMIX
BXMIX has 3.58% 1-year volatility. There are 17 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | BXMIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | BXMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | BXMIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | BXMIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | BXMIX vs MSTVX |
Lowest Drawdown Alternatives to BXMIX
BXMIX has a 1-year max drawdown of -1.53%. There are 9 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | BXMIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | BXMIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | BXMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | BXMIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | BXMIX vs FSLTX |
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 | |
|---|---|---|---|---|---|---|---|
| Blackstone GSO Strategic Credit Closed Fund | High Yield Bonds | 2 | -1.21% | — | Sep 2012 | BXMIX vs BGB | |
| Blackstone Long-Short Credit Income Fund | Long-Short | 1 | -4.03% | — | Jan 2011 | BXMIX vs BGX | |
| Blackstone Senior Floating Rate 2027 Term Fund | High Yield Bonds | 3 | -0.14% | — | May 2010 | BXMIX vs BSL |
Often Compared With BXMIX
Investors most often compare BXMIX with BIMBX, ORILX, SPY. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare BXMIX with Any Fund or Stock
Compare BXMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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