BCX vs. BX
BCX (Blackrock Resources & Commodities Strategy Trust) is Natural Resources fund managed by BlackRock, while BX (Blackstone Inc.) is a stock. Over the past 10 years, BCX returned 11.96%/yr vs 22.48%/yr for BX. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
BCX vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, BCX achieves a 14.22% return, which is significantly higher than BX's -15.38% return. Over the past 10 years, BCX has underperformed BX with an annualized return of 11.96%, while BX has yielded a comparatively higher 22.48% annualized return.
BCX
- 1D
- 1.86%
- 1M
- 5.78%
- 6M
- -0.02%
- YTD
- 14.22%
- 1Y
- 37.51%
- 3Y*
- 15.78%
- 5Y*
- 12.91%
- 10Y*
- 11.96%
- ALL TIME*
- 4.54%
BX
- 1D
- -0.25%
- 1M
- 4.05%
- 6M
- -8.42%
- YTD
- -15.38%
- 1Y
- -22.31%
- 3Y*
- 9.46%
- 5Y*
- 5.49%
- 10Y*
- 22.48%
- ALL TIME*
- 12.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17M | $1.87M | $2.36M | |
| $746.59M | $603.17M | $618.74M |
BCX vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 14.22% | 40.37% | 3.18% | -4.79% | 12.80% | 32.90% | 0.04% | 23.80% | -22.55% | 26.76% |
BX Blackstone Inc. | -15.38% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
Correlation
The correlation between BCX and BX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2011 | 0.41 |
Over the past year, the correlation between BCX and BX has dropped to 0.12 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
BCX vs. BX — Risk / Return Rank
BCX
BX
BCX vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Resources & Commodities Strategy Trust (BCX) and Blackstone Inc. (BX). 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.
| BCX | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.91 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.53 | +2.44 |
| Martin ratioReturn relative to average drawdown | 4.76 | -0.87 | +5.63 |
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Drawdowns
BCX vs. BX - Drawdown Comparison
The maximum BCX drawdown since its inception was -62.36%, smaller than the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for BCX and BX.
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Drawdown Indicators
| BCX | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -88.09% | +25.73% |
Max Drawdown (1Y)Largest decline over 1 year | -18.85% | -44.76% | +25.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -46.50% | +27.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.22% | -49.29% | +20.07% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -49.29% | -9.94% |
Current DrawdownCurrent decline from peak | -9.08% | -32.45% | +23.37% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -26.44% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 26.92% | -19.35% |
Volatility
BCX vs. BX - Volatility Comparison
The current volatility for Blackrock Resources & Commodities Strategy Trust (BCX) is 4.74%, while Blackstone Inc. (BX) has a volatility of 9.31%. This indicates that BCX experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCX | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 9.31% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.00% | 28.89% | -11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 35.16% | -15.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 39.56% | -18.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.58% | 35.77% | -12.19% |
Dividends
BCX vs. BX - Dividend Comparison
BCX's dividend yield for the trailing twelve months is around 6.94%, more than BX's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 6.94% | 7.62% | 7.49% | 7.00% | 5.52% | 5.13% | 7.10% | 7.67% | 8.77% | 6.19% | 6.98% | 11.38% |
BX Blackstone Inc. | 3.89% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
Frequently Asked Questions
BCX and BX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (9.31%) compared to BCX (4.74%). In terms of maximum drawdown, BCX dropped -62.36% vs BX's -88.09%.
BCX currently has the higher Sharpe Ratio (1.81 vs -0.67), 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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