BGB vs. ICMUX
BGB (Blackstone GSO Strategic Credit Closed Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - BGB is a High Yield Bonds fund actively managed by Blackstone, while ICMUX is a Multisector Bonds fund actively managed by Intrepid. Both are actively managed. Over the past 10 years, BGB returned 6.12%/yr vs 5.73%/yr for ICMUX. Their 0.26 correlation means their historical movements had little consistent relationship. BGB charges 2.36%/yr vs 1.01%/yr for ICMUX.
Performance
BGB vs. ICMUX - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -1.21% return, which is significantly lower than ICMUX's 2.85% return. Over the past 10 years, BGB has outperformed ICMUX with an annualized return of 6.12%, while ICMUX has yielded a comparatively lower 5.73% 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%
ICMUX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 2.35%
- YTD
- 2.85%
- 1Y
- 6.60%
- 3Y*
- 8.93%
- 5Y*
- 6.14%
- 10Y*
- 5.73%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $1.35M | $1.36M | |
ICMUX Intrepid Income Fund | $0.00 | $0.00 | $0.00 |
BGB vs. ICMUX - 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% |
ICMUX Intrepid Income Fund | 2.85% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between BGB and ICMUX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.26 |
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Return for Risk
BGB vs. ICMUX — Risk / Return Rank
BGB
ICMUX
BGB vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) and Intrepid Income Fund (ICMUX). 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 | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.67 | ||
| Sortino ratioReturn per unit of downside risk | -5.86 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.79 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 4.83 | -5.10 |
| Martin ratioReturn relative to average drawdown | -0.52 | 16.75 | -17.27 |
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Drawdowns
BGB vs. ICMUX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for BGB and ICMUX.
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Drawdown Indicators
| BGB | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -8.77% | -36.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -1.34% | -7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -3.11% | -9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -5.64% | -15.59% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -8.77% | -36.10% |
Current DrawdownCurrent decline from peak | -4.57% | -0.11% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -0.73% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 0.39% | +4.26% |
Volatility
BGB vs. ICMUX - Volatility Comparison
Blackstone GSO Strategic Credit Closed Fund (BGB) has a higher volatility of 0.74% compared to Intrepid Income Fund (ICMUX) at 0.48%. This indicates that BGB's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.48% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 1.45% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 1.94% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 2.65% | +8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 2.57% | +13.49% |
BGB vs. ICMUX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than ICMUX's 1.01% expense ratio.
Dividends
BGB vs. ICMUX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, more than ICMUX's 6.89% 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% |
ICMUX Intrepid Income Fund | 6.89% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
Frequently Asked Questions
BGB and ICMUX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGB has higher volatility (0.74%) compared to ICMUX (0.48%). In terms of maximum drawdown, BGB dropped -44.87% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (3.34 vs -0.33), 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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