BGB vs. CG
BGB (Blackstone GSO Strategic Credit Closed Fund) is High Yield Bonds fund actively managed by Blackstone, while CG (The Carlyle Group Inc.) is a stock. Over the past 10 years, BGB returned 6.12%/yr vs 15.81%/yr for CG. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
BGB vs. CG - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -1.21% return, which is significantly higher than CG's -21.07% return. Over the past 10 years, BGB has underperformed CG with an annualized return of 6.12%, while CG has yielded a comparatively higher 15.81% annualized return.
BGB
- 1D
- 0.00%
- 1M
- -0.66%
- 6M
- -1.21%
- YTD
- -1.21%
- 1Y
- -2.25%
- 3Y*
- 9.67%
- 5Y*
- 4.65%
- 10Y*
- 6.12%
- ALL TIME*
- 4.25%
CG
- 1D
- 1.46%
- 1M
- 7.45%
- 6M
- -20.62%
- YTD
- -21.07%
- 1Y
- -19.55%
- 3Y*
- 12.55%
- 5Y*
- 1.35%
- 10Y*
- 15.81%
- ALL TIME*
- 10.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $1.35M | $1.36M | |
| $125.47M | $119.43M | $152.66M |
BGB vs. CG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -1.21% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
CG The Carlyle Group Inc. | -21.07% | 20.20% | 28.05% | 42.55% | -43.78% | 78.46% | 1.62% | 116.75% | -27.28% | 59.83% |
Correlation
The correlation between BGB and CG is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.29 |
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Return for Risk
BGB vs. CG — Risk / Return Rank
BGB
CG
BGB vs. CG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) and The Carlyle Group Inc. (CG). 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 | CG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.92 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.55 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.52 | -0.95 | +0.43 |
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Drawdowns
BGB vs. CG - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, smaller than the maximum CG drawdown of -62.69%. Use the drawdown chart below to compare losses from any high point for BGB and CG.
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Drawdown Indicators
| BGB | CG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -62.69% | +17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -40.36% | +31.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -40.36% | +27.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -56.75% | +35.52% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -56.75% | +11.88% |
Current DrawdownCurrent decline from peak | -4.57% | -32.27% | +27.70% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -21.87% | +15.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 23.42% | -18.77% |
Volatility
BGB vs. CG - Volatility Comparison
The current volatility for Blackstone GSO Strategic Credit Closed Fund (BGB) is 0.74%, while The Carlyle Group Inc. (CG) has a volatility of 8.71%. This indicates that BGB experiences smaller price fluctuations and is considered to be less risky than CG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | CG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 8.71% | -7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 27.96% | -22.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 36.50% | -29.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 39.88% | -29.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 37.46% | -21.40% |
Dividends
BGB vs. CG - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, more than CG's 3.04% 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% |
CG The Carlyle Group Inc. | 3.04% | 2.37% | 2.77% | 3.38% | 4.11% | 1.82% | 3.18% | 4.24% | 7.87% | 5.41% | 11.02% | 21.70% |
Frequently Asked Questions
BGB and CG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CG has higher volatility (8.71%) compared to BGB (0.74%). In terms of maximum drawdown, BGB dropped -44.87% vs CG's -62.69%.
BGB currently has the higher Sharpe Ratio (-0.33 vs -0.61), 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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