BGX vs. BGB
Compare and contrast key facts about Blackstone Long-Short Credit Income Fund (BGX) and Blackstone GSO Strategic Credit Closed Fund (BGB).
BGX is an actively managed fund by Blackstone. It was launched on Jan 27, 2011. BGB is an actively managed fund by Blackstone. It was launched on Sep 26, 2012.
Performance
BGX vs. BGB - Performance Comparison
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BGX vs. BGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGX Blackstone Long-Short Credit Income Fund | -5.38% | 2.09% | 19.83% | 18.92% | -20.57% | 17.54% | -5.67% | 24.98% | -4.19% | 7.28% |
BGB Blackstone GSO Strategic Credit Closed Fund | -3.79% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
Returns By Period
In the year-to-date period, BGX achieves a -5.38% return, which is significantly lower than BGB's -3.79% return. Both investments have delivered pretty close results over the past 10 years, with BGX having a 7.10% annualized return and BGB not far behind at 6.96%.
BGX
- 1D
- -0.28%
- 1M
- 1.41%
- YTD
- -5.38%
- 6M
- -4.43%
- 1Y
- -3.71%
- 3Y*
- 10.06%
- 5Y*
- 3.82%
- 10Y*
- 7.10%
BGB
- 1D
- 0.27%
- 1M
- 0.07%
- YTD
- -3.79%
- 6M
- -4.23%
- 1Y
- 0.85%
- 3Y*
- 11.53%
- 5Y*
- 5.04%
- 10Y*
- 6.96%
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BGX vs. BGB - Expense Ratio Comparison
BGX has a 1.46% expense ratio, which is lower than BGB's 2.36% expense ratio.
Return for Risk
BGX vs. BGB — Risk / Return Rank
BGX
BGB
BGX vs. BGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Long-Short Credit Income Fund (BGX) and Blackstone GSO Strategic Credit Closed Fund (BGB). 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.
| BGX | BGB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 0.07 | -0.35 |
Sortino ratioReturn per unit of downside risk | -0.30 | 0.18 | -0.48 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.03 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.06 | -0.39 |
Martin ratioReturn relative to average drawdown | -0.82 | 0.15 | -0.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGX | BGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 0.07 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.46 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.43 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.28 | 0.00 |
Correlation
The correlation between BGX and BGB is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BGX vs. BGB - Dividend Comparison
BGX's dividend yield for the trailing twelve months is around 9.32%, more than BGB's 8.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGX Blackstone Long-Short Credit Income Fund | 9.32% | 8.87% | 9.89% | 11.71% | 8.15% | 7.01% | 8.76% | 9.35% | 11.74% | 7.12% | 9.01% | 8.72% |
BGB Blackstone GSO Strategic Credit Closed Fund | 8.85% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
Drawdowns
BGX vs. BGB - Drawdown Comparison
The maximum BGX drawdown since its inception was -47.40%, which is greater than BGB's maximum drawdown of -44.87%. Use the drawdown chart below to compare losses from any high point for BGX and BGB.
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Drawdown Indicators
| BGX | BGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -44.87% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -10.03% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | -21.23% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -44.87% | -2.53% |
Current DrawdownCurrent decline from peak | -9.01% | -7.07% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -5.99% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 3.91% | +1.09% |
Volatility
BGX vs. BGB - Volatility Comparison
Blackstone Long-Short Credit Income Fund (BGX) has a higher volatility of 4.08% compared to Blackstone GSO Strategic Credit Closed Fund (BGB) at 3.84%. This indicates that BGX's price experiences larger fluctuations and is considered to be riskier than BGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGX | BGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.84% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 5.82% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 12.45% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.79% | 10.90% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 16.14% | +1.41% |