BGX vs. SPEDX
Compare and contrast key facts about Blackstone Long-Short Credit Income Fund (BGX) and Alger Dynamic Opportunities Fund (SPEDX).
BGX is an actively managed fund by Blackstone. It was launched on Jan 27, 2011. SPEDX is managed by Alger. It was launched on Nov 1, 2009.
Performance
BGX vs. SPEDX - Performance Comparison
Loading graphics...
BGX vs. SPEDX - 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% |
SPEDX Alger Dynamic Opportunities Fund | -6.41% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
Returns By Period
In the year-to-date period, BGX achieves a -5.38% return, which is significantly higher than SPEDX's -6.41% return. Over the past 10 years, BGX has underperformed SPEDX with an annualized return of 7.10%, while SPEDX has yielded a comparatively higher 7.60% annualized return.
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%
SPEDX
- 1D
- 0.88%
- 1M
- -1.33%
- YTD
- -6.41%
- 6M
- -7.69%
- 1Y
- 4.68%
- 3Y*
- 8.59%
- 5Y*
- 1.72%
- 10Y*
- 7.60%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BGX vs. SPEDX - Expense Ratio Comparison
BGX has a 1.46% expense ratio, which is higher than SPEDX's 0.91% expense ratio.
Return for Risk
BGX vs. SPEDX — Risk / Return Rank
BGX
SPEDX
BGX vs. SPEDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Long-Short Credit Income Fund (BGX) and Alger Dynamic Opportunities Fund (SPEDX). 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 | SPEDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 0.48 | -0.76 |
Sortino ratioReturn per unit of downside risk | -0.30 | 0.72 | -1.02 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.09 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.54 | -0.87 |
Martin ratioReturn relative to average drawdown | -0.82 | 1.64 | -2.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BGX | SPEDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 0.48 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.14 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.60 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.48 | -0.20 |
Correlation
The correlation between BGX and SPEDX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BGX vs. SPEDX - Dividend Comparison
BGX's dividend yield for the trailing twelve months is around 9.32%, more than SPEDX's 0.10% 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% |
SPEDX Alger Dynamic Opportunities Fund | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
Drawdowns
BGX vs. SPEDX - Drawdown Comparison
The maximum BGX drawdown since its inception was -47.40%, which is greater than SPEDX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for BGX and SPEDX.
Loading graphics...
Drawdown Indicators
| BGX | SPEDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -29.02% | -18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.18% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | -29.02% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -29.02% | -18.38% |
Current DrawdownCurrent decline from peak | -9.01% | -8.39% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -7.00% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 3.04% | +1.96% |
Volatility
BGX vs. SPEDX - Volatility Comparison
Blackstone Long-Short Credit Income Fund (BGX) has a higher volatility of 4.08% compared to Alger Dynamic Opportunities Fund (SPEDX) at 2.82%. This indicates that BGX's price experiences larger fluctuations and is considered to be riskier than SPEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BGX | SPEDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 2.82% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 7.66% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 10.44% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.79% | 12.00% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 12.78% | +4.77% |