BGB vs. OSTIX
BGB (Blackstone GSO Strategic Credit Closed Fund) and OSTIX (Osterweis Strategic Income Fund) are both High Yield Bonds funds. Over the past 10 years, BGB returned 6.12%/yr vs 4.90%/yr for OSTIX. Their 0.31 correlation means their historical movements had little consistent relationship. BGB charges 2.36%/yr vs 0.84%/yr for OSTIX.
Performance
BGB vs. OSTIX - 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 OSTIX's 1.61% return. Over the past 10 years, BGB has outperformed OSTIX with an annualized return of 6.12%, while OSTIX has yielded a comparatively lower 4.90% 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%
OSTIX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 1.26%
- YTD
- 1.61%
- 1Y
- 3.80%
- 3Y*
- 6.32%
- 5Y*
- 4.04%
- 10Y*
- 4.90%
- ALL TIME*
- 6.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $1.35M | $1.36M | |
| $0.00 | $0.00 | $0.00 |
BGB vs. OSTIX - 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% |
OSTIX Osterweis Strategic Income Fund | 1.61% | 4.04% | 8.03% | 12.29% | -5.94% | 5.48% | 9.01% | 5.36% | -0.66% | 6.00% |
Correlation
The correlation between BGB and OSTIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.31 |
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Return for Risk
BGB vs. OSTIX — Risk / Return Rank
BGB
OSTIX
BGB vs. OSTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) and Osterweis Strategic Income Fund (OSTIX). 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 | OSTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.47 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.56 | -2.83 |
| Martin ratioReturn relative to average drawdown | -0.52 | 11.20 | -11.72 |
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Drawdowns
BGB vs. OSTIX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than OSTIX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for BGB and OSTIX.
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Drawdown Indicators
| BGB | OSTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -10.06% | -34.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -1.42% | -7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -3.27% | -9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -9.75% | -11.48% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -10.06% | -34.81% |
Current DrawdownCurrent decline from peak | -4.57% | -0.24% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -0.94% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 0.32% | +4.33% |
Volatility
BGB vs. OSTIX - Volatility Comparison
Blackstone GSO Strategic Credit Closed Fund (BGB) has a higher volatility of 0.74% compared to Osterweis Strategic Income Fund (OSTIX) at 0.50%. This indicates that BGB's price experiences larger fluctuations and is considered to be riskier than OSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | OSTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.50% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 1.48% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 1.77% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 3.00% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 2.94% | +13.12% |
BGB vs. OSTIX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than OSTIX's 0.84% expense ratio.
Dividends
BGB vs. OSTIX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, more than OSTIX's 4.39% 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% |
OSTIX Osterweis Strategic Income Fund | 4.39% | 3.96% | 5.25% | 5.72% | 4.72% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.23% | 5.98% |
Frequently Asked Questions
BGB and OSTIX have a correlation of 0.39, 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 OSTIX (0.50%). In terms of maximum drawdown, BGB dropped -44.87% vs OSTIX's -10.06%.
OSTIX currently has the higher Sharpe Ratio (2.05 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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