ARSVX vs. BXMIX
ARSVX (AMG River Road Small Cap Value Fund) and BXMIX (Blackstone Alternative Multi-Strategy Fund) are both mutual funds - ARSVX is a Small Cap Value Equities fund managed by AMG, while BXMIX is a Multistrategy fund managed by Blackstone. Over the past 10 years, ARSVX returned 9.61%/yr vs 4.42%/yr for BXMIX. At a 0.37 correlation, their price movements are largely independent. ARSVX charges 1.35%/yr vs 2.33%/yr for BXMIX.
Performance
ARSVX vs. BXMIX - Performance Comparison
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Returns By Period
In the year-to-date period, ARSVX achieves a 5.09% return, which is significantly higher than BXMIX's 4.38% return. Over the past 10 years, ARSVX has outperformed BXMIX with an annualized return of 9.61%, while BXMIX has yielded a comparatively lower 4.42% annualized return.
ARSVX
- 1D
- 1.41%
- 1M
- 4.80%
- YTD
- 5.09%
- 6M
- 3.50%
- 1Y
- -0.53%
- 3Y*
- 7.70%
- 5Y*
- 4.28%
- 10Y*
- 9.61%
BXMIX
- 1D
- 0.17%
- 1M
- 0.97%
- YTD
- 4.38%
- 6M
- 4.47%
- 1Y
- 12.75%
- 3Y*
- 9.55%
- 5Y*
- 4.82%
- 10Y*
- 4.42%
ARSVX vs. BXMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARSVX AMG River Road Small Cap Value Fund | 5.09% | -7.36% | 14.05% | 14.86% | -6.49% | 21.14% | 1.84% | 38.29% | -6.96% | 11.73% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 4.38% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
Correlation
The correlation between ARSVX and BXMIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.37 |
Over the past year, the correlation between ARSVX and BXMIX has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
ARSVX vs. BXMIX — Risk / Return Rank
ARSVX
BXMIX
ARSVX vs. BXMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Small Cap Value Fund (ARSVX) and Blackstone Alternative Multi-Strategy Fund (BXMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARSVX | BXMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.76 | ||
| Sortino ratioReturn per unit of downside risk | -7.79 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.02 | -1.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 10.51 | -10.61 |
| Martin ratioReturn relative to average drawdown | -0.19 | 41.80 | -41.99 |
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Drawdowns
ARSVX vs. BXMIX - Drawdown Comparison
The maximum ARSVX drawdown since its inception was -54.85%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for ARSVX and BXMIX.
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Drawdown Indicators
| ARSVX | BXMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.85% | -19.28% | -35.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.62% | -1.53% | -15.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -8.47% | -10.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -8.56% | -10.65% |
Max Drawdown (10Y)Largest decline over 10 years | -40.52% | -19.28% | -21.24% |
Current DrawdownCurrent decline from peak | -8.52% | -0.09% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -8.68% | -2.50% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 0.37% | +8.04% |
Volatility
ARSVX vs. BXMIX - Volatility Comparison
AMG River Road Small Cap Value Fund (ARSVX) has a higher volatility of 3.40% compared to Blackstone Alternative Multi-Strategy Fund (BXMIX) at 1.47%. This indicates that ARSVX's price experiences larger fluctuations and is considered to be riskier than BXMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARSVX | BXMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 1.47% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 2.64% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 3.45% | +13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 6.02% | +11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 5.26% | +14.08% |
ARSVX vs. BXMIX - Expense Ratio Comparison
ARSVX has a 1.35% expense ratio, which is lower than BXMIX's 2.33% expense ratio.
Dividends
ARSVX vs. BXMIX - Dividend Comparison
ARSVX has not paid dividends to shareholders, while BXMIX's dividend yield for the trailing twelve months is around 7.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSVX AMG River Road Small Cap Value Fund | 0.00% | 0.00% | 8.50% | 4.78% | 3.87% | 7.75% | 0.00% | 12.10% | 13.01% | 14.96% | 4.96% | 6.51% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.43% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
Frequently Asked Questions
ARSVX and BXMIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARSVX has higher volatility (3.40%) compared to BXMIX (1.47%). In terms of maximum drawdown, ARSVX dropped -54.85% vs BXMIX's -19.28%.
BXMIX currently has the higher Sharpe Ratio (4.67 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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