BGB vs. BXMIX
BGB (Blackstone GSO Strategic Credit Closed Fund) and BXMIX (Blackstone Alternative Multi-Strategy Fund) are both mutual funds - BGB is a High Yield Bonds fund actively managed by Blackstone, while BXMIX is a Multistrategy fund managed by Blackstone. Over the past 10 years, BGB returned 6.33%/yr vs 4.44%/yr for BXMIX. At a 0.25 correlation, their price movements are largely independent. BGB charges 2.36%/yr vs 2.33%/yr for BXMIX.
Performance
BGB vs. BXMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -0.47% return, which is significantly lower than BXMIX's 5.47% return. Over the past 10 years, BGB has outperformed BXMIX with an annualized return of 6.33%, while BXMIX has yielded a comparatively lower 4.44% annualized return.
BGB
- 1D
- 0.09%
- 1M
- 0.67%
- 6M
- -1.55%
- YTD
- -0.47%
- 1Y
- -0.80%
- 3Y*
- 10.83%
- 5Y*
- 4.87%
- 10Y*
- 6.33%
BXMIX
- 1D
- 0.00%
- 1M
- 1.22%
- 6M
- 4.52%
- YTD
- 5.47%
- 1Y
- 13.31%
- 3Y*
- 9.44%
- 5Y*
- 5.08%
- 10Y*
- 4.44%
BGB vs. BXMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -0.47% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 5.47% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
Correlation
The correlation between BGB and BXMIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.25 |
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Return for Risk
BGB vs. BXMIX — Risk / Return Rank
BGB
BXMIX
BGB vs. BXMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) 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.
| BGB | BXMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.98 | ||
| Sortino ratioReturn per unit of downside risk | -8.22 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.09 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 10.86 | -10.95 |
| Martin ratioReturn relative to average drawdown | -0.18 | 43.50 | -43.68 |
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Drawdowns
BGB vs. BXMIX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for BGB and BXMIX.
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Drawdown Indicators
| BGB | BXMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -19.28% | -25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -1.53% | -7.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -8.47% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -8.56% | -12.67% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -19.28% | -25.59% |
Current DrawdownCurrent decline from peak | -3.85% | 0.00% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -2.49% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 0.35% | +4.22% |
Volatility
BGB vs. BXMIX - Volatility Comparison
The current volatility for Blackstone GSO Strategic Credit Closed Fund (BGB) is 0.84%, while Blackstone Alternative Multi-Strategy Fund (BXMIX) has a volatility of 1.11%. This indicates that BGB experiences smaller price fluctuations and is considered to be less risky 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
| BGB | BXMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.11% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.39% | 2.59% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.59% | 3.43% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 6.01% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 5.26% | +10.81% |
BGB vs. BXMIX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than BXMIX's 2.33% expense ratio.
Dividends
BGB vs. BXMIX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, more than BXMIX's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | 8.44% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.35% | 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
BGB and BXMIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXMIX has higher volatility (1.11%) compared to BGB (0.84%). In terms of maximum drawdown, BGB dropped -44.87% vs BXMIX's -19.28%.
BXMIX currently has the higher Sharpe Ratio (4.87 vs -0.11), 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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