BGX vs. WTLS

Last updated Apr 1, 2026

Compare and contrast key facts about Blackstone Long-Short Credit Income Fund (BGX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS).

BGX is an actively managed fund by Blackstone. It was launched on Jan 27, 2011. WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026.

Performance

BGX vs. WTLS - Performance Comparison

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

BGX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
BGX Blackstone Long-Short Credit Income Fund	-5.53%
WTLS WisdomTree Efficient Long/Short US Equity Fund	-2.35%

Returns By Period

BGX

• 1D: 2.54%
• 1M: 1.22%
• YTD: -5.12%
• 6M: -5.05%
• 1Y: -3.84%
• 3Y*: 10.16%
• 5Y*: 3.88%
• 10Y*: 7.13%

WTLS

• 1D: 3.22%
• 1M: -4.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BGX vs. WTLS - Expense Ratio Comparison

BGX has a 1.46% expense ratio, which is higher than WTLS's 0.88% expense ratio.

BGX

Blackstone Long-Short Credit Income Fund

WTLS

WisdomTree Efficient Long/Short US Equity Fund

Return for Risk

BGX vs. WTLS — 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: 2
BGX Sortino Ratio Rank: 2
BGX Omega Ratio Rank: 2
BGX Calmar Ratio Rank: 3
BGX Martin Ratio Rank: 3

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. WTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Long-Short Credit Income Fund (BGX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). 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	WTLS	Difference
Sharpe ratio Return per unit of total volatility	-0.29	—	—
Sortino ratio Return per unit of downside risk	-0.31	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.34	—	—
Martin ratio Return relative to average drawdown	-0.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BGX	WTLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	-0.61	+0.89

Correlation

The correlation between BGX and WTLS is 0.34, 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. WTLS - Dividend Comparison

BGX's dividend yield for the trailing twelve months is around 9.29%, while WTLS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGX Blackstone Long-Short Credit Income Fund	9.29%	8.87%	9.89%	11.71%	8.15%	7.01%	8.76%	9.35%	11.74%	7.12%	9.01%	8.72%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BGX vs. WTLS - Drawdown Comparison

The maximum BGX drawdown since its inception was -47.40%, which is greater than WTLS's maximum drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for BGX and WTLS.

Drawdown Indicators

	BGX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-47.40%	-8.94%	-38.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.40%	—	—
Current Drawdown Current decline from peak	-8.75%	-6.01%	-2.74%
Average Drawdown Average peak-to-trough decline	-6.98%	-2.84%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	—	—

Volatility

Volatility by Period

	BGX	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	19.88%	-6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.79%	19.88%	-8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	19.88%	-2.33%