BGX vs. JAKRX
BGX (Blackstone Long-Short Credit Income Fund) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both Long-Short funds. Both are actively managed. Over the past year, BGX returned -6.31% vs 20.28% for JAKRX. At a 0.21 correlation, their price movements are largely independent. BGX charges 1.46%/yr vs 1.91%/yr for JAKRX.
Performance
BGX vs. JAKRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGX achieves a -3.97% return, which is significantly lower than JAKRX's 11.12% return.
BGX
- 1D
- -0.18%
- 1M
- 0.38%
- 6M
- -4.29%
- YTD
- -3.97%
- 1Y
- -6.31%
- 3Y*
- 7.78%
- 5Y*
- 3.08%
- 10Y*
- 6.07%
JAKRX
- 1D
- -0.22%
- 1M
- -0.28%
- 6M
- 9.16%
- YTD
- 11.12%
- 1Y
- 20.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BGX Blackstone Long-Short Credit Income Fund | -3.97% | 3.89% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 11.12% | 17.04% |
Correlation
The correlation between BGX and JAKRX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BGX vs. JAKRX — Risk / Return Rank
BGX
JAKRX
BGX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Long-Short Credit Income Fund (BGX) and John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX). 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.
| BGX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.39 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.50 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.93 | -4.44 |
| Martin ratioReturn relative to average drawdown | -0.98 | 11.67 | -12.65 |
Loading charts...
Drawdowns
BGX vs. JAKRX - Drawdown Comparison
The maximum BGX drawdown since its inception was -47.40%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for BGX and JAKRX.
Loading charts...
Drawdown Indicators
| BGX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -5.16% | -42.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -5.16% | -7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -2.40% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -0.96% | -6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 1.74% | +4.69% |
Volatility
BGX vs. JAKRX - Volatility Comparison
The current volatility for Blackstone Long-Short Credit Income Fund (BGX) is 1.05%, while John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) has a volatility of 2.43%. This indicates that BGX experiences smaller price fluctuations and is considered to be less risky than JAKRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.43% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.69% | 6.42% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.79% | 7.87% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 7.50% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 7.50% | +10.00% |
BGX vs. JAKRX - Expense Ratio Comparison
BGX has a 1.46% expense ratio, which is lower than JAKRX's 1.91% expense ratio.
Dividends
BGX vs. JAKRX - Dividend Comparison
BGX's dividend yield for the trailing twelve months is around 9.06%, more than JAKRX's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGX Blackstone Long-Short Credit Income Fund | 9.06% | 8.87% | 9.89% | 11.71% | 8.15% | 7.01% | 8.76% | 9.35% | 11.74% | 7.12% | 9.01% | 8.72% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.29% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGX and JAKRX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAKRX has higher volatility (2.43%) compared to BGX (1.05%). In terms of maximum drawdown, BGX dropped -47.40% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (2.58 vs -0.82), 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.
Find the right allocation for BGX and JAKRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer