BGX vs. LSEIX

Last updated Jun 4, 2026

BGX (Blackstone Long-Short Credit Income Fund) and LSEIX (Persimmon Long/Short Fund) are both Long-Short funds. Over the past 10 years, BGX returned 6.31%/yr vs 7.08%/yr for LSEIX. At a 0.31 correlation, their price movements are largely independent. BGX charges 1.46%/yr vs 1.91%/yr for LSEIX.

Performance

BGX vs. LSEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Long-Short Credit Income Fund (BGX) and Persimmon Long/Short Fund (LSEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGX achieves a -4.34% return, which is significantly lower than LSEIX's 6.29% return. Over the past 10 years, BGX has underperformed LSEIX with an annualized return of 6.31%, while LSEIX has yielded a comparatively higher 7.08% annualized return.

BGX

• 1D: -0.09%
• 1M: -0.09%
• YTD: -4.34%
• 6M: -3.89%
• 1Y: -2.62%
• 3Y*: 10.06%
• 5Y*: 3.44%
• 10Y*: 6.31%

LSEIX

• 1D: 0.11%
• 1M: 1.54%
• YTD: 6.29%
• 6M: 6.22%
• 1Y: 20.30%
• 3Y*: 15.93%
• 5Y*: 9.63%
• 10Y*: 7.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGX vs. LSEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGX Blackstone Long-Short Credit Income Fund	-4.34%	2.09%	19.83%	18.92%	-20.57%	17.54%	-5.67%	24.98%	-4.19%	7.28%
LSEIX Persimmon Long/Short Fund	6.29%	12.02%	17.36%	15.70%	-9.95%	14.67%	8.13%	5.28%	-6.10%	13.39%

Correlation

The correlation between BGX and LSEIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.31

Return for Risk

BGX vs. LSEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGX

BGX Risk / Return Rank: 2
BGX Sharpe Ratio Rank: 1
BGX Sortino Ratio Rank: 1
BGX Omega Ratio Rank: 1
BGX Calmar Ratio Rank: 2
BGX Martin Ratio Rank: 2

LSEIX

LSEIX Risk / Return Rank: 77
LSEIX Sharpe Ratio Rank: 68
LSEIX Sortino Ratio Rank: 63
LSEIX Omega Ratio Rank: 66
LSEIX Calmar Ratio Rank: 93
LSEIX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGX vs. LSEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Long-Short Credit Income Fund (BGX) and Persimmon Long/Short Fund (LSEIX). 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	LSEIX	Difference
Sharpe ratio Return per unit of total volatility	-0.33	2.42	-2.74
Sortino ratio Return per unit of downside risk	-0.42	3.33	-3.76
Omega ratio Gain probability vs. loss probability	0.95	1.45	-0.50
Calmar ratio Return relative to maximum drawdown	-0.21	5.36	-5.58
Martin ratio Return relative to average drawdown	-0.45	20.94	-21.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGX vs. LSEIX - Sharpe Ratio Comparison

The current BGX Sharpe Ratio is -0.33, which is lower than the LSEIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of BGX and LSEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGX	LSEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	2.42	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.89	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.67	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.63	-0.35

Drawdowns

BGX vs. LSEIX - Drawdown Comparison

The maximum BGX drawdown since its inception was -47.40%, which is greater than LSEIX's maximum drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for BGX and LSEIX.

Drawdown Indicators

	BGX	LSEIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.40%	-19.92%	-27.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-3.90%	-8.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-13.63%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-25.94%	-13.63%	-12.31%
Max Drawdown (10Y) Largest decline over 10 years	-47.40%	-19.92%	-27.48%
Current Drawdown Current decline from peak	-8.00%	0.00%	-8.00%
Average Drawdown Average peak-to-trough decline	-6.99%	-4.05%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	1.00%	+4.88%

Volatility

BGX vs. LSEIX - Volatility Comparison

Blackstone Long-Short Credit Income Fund (BGX) has a higher volatility of 1.41% compared to Persimmon Long/Short Fund (LSEIX) at 0.87%. This indicates that BGX's price experiences larger fluctuations and is considered to be riskier than LSEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGX	LSEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	0.87%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	5.95%	5.61%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	7.98%	8.67%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.79%	10.89%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	10.66%	+6.88%

BGX vs. LSEIX - Expense Ratio Comparison

BGX has a 1.46% expense ratio, which is lower than LSEIX's 1.91% expense ratio.

Dividends

BGX vs. LSEIX - Dividend Comparison

BGX's dividend yield for the trailing twelve months is around 9.04%, while LSEIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGX Blackstone Long-Short Credit Income Fund	9.04%	8.87%	9.89%	11.71%	8.15%	7.01%	8.76%	9.35%	11.74%	7.12%	9.01%	8.72%
LSEIX Persimmon Long/Short Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.23%	3.49%	6.18%	0.00%	4.88%

Frequently Asked Questions

Can I hold both BGX and LSEIX in my portfolio?

BGX and LSEIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGX or LSEIX?

BGX has higher volatility (1.41%) compared to LSEIX (0.87%). In terms of maximum drawdown, BGX dropped -47.40% vs LSEIX's -19.92%.

Which has better risk-adjusted returns?

LSEIX currently has the higher Sharpe Ratio (2.42 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.