BSL vs. BXMIX
BSL (Blackstone Senior Floating Rate 2027 Term Fund) and BXMIX (Blackstone Alternative Multi-Strategy Fund) are both mutual funds - BSL is a High Yield Bonds fund actively managed by Blackstone, while BXMIX is a Multistrategy fund managed by Blackstone. Over the past 10 years, BSL returned 5.87%/yr vs 4.43%/yr for BXMIX. At a 0.20 correlation, their price movements are largely independent. BSL charges 1.50%/yr vs 2.33%/yr for BXMIX.
Performance
BSL vs. BXMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BSL achieves a -0.89% return, which is significantly lower than BXMIX's 4.47% return. Over the past 10 years, BSL has outperformed BXMIX with an annualized return of 5.87%, while BXMIX has yielded a comparatively lower 4.43% annualized return.
BSL
- 1D
- 0.29%
- 1M
- 0.50%
- YTD
- -0.89%
- 6M
- -0.34%
- 1Y
- -0.46%
- 3Y*
- 10.75%
- 5Y*
- 3.95%
- 10Y*
- 5.87%
BXMIX
- 1D
- 0.09%
- 1M
- 1.42%
- YTD
- 4.47%
- 6M
- 4.66%
- 1Y
- 13.06%
- 3Y*
- 9.58%
- 5Y*
- 4.88%
- 10Y*
- 4.43%
BSL vs. BXMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | -0.89% | 2.15% | 18.16% | 20.03% | -22.88% | 28.33% | -4.44% | 14.06% | -7.52% | 5.74% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 4.47% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
Correlation
The correlation between BSL and BXMIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.20 |
The correlation between BSL and BXMIX shifts across timeframes, from 0.11 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSL vs. BXMIX — Risk / Return Rank
BSL
BXMIX
BSL vs. BXMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Blackstone Alternative Multi-Strategy Fund (BXMIX). 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.
| BSL | BXMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.88 | ||
| Sortino ratioReturn per unit of downside risk | -8.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.07 | -1.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 10.76 | -10.82 |
| Martin ratioReturn relative to average drawdown | -0.14 | 42.86 | -43.00 |
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Drawdowns
BSL vs. BXMIX - Drawdown Comparison
The maximum BSL drawdown since its inception was -43.83%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for BSL and BXMIX.
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Drawdown Indicators
| BSL | BXMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -19.28% | -24.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -1.53% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -8.47% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -8.56% | -15.92% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -19.28% | -24.55% |
Current DrawdownCurrent decline from peak | -3.32% | 0.00% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -2.50% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.37% | +2.98% |
Volatility
BSL vs. BXMIX - Volatility Comparison
The current volatility for Blackstone Senior Floating Rate 2027 Term Fund (BSL) is 1.10%, while Blackstone Alternative Multi-Strategy Fund (BXMIX) has a volatility of 1.47%. This indicates that BSL experiences smaller price fluctuations and is considered to be less risky than BXMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSL | BXMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.47% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 2.68% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 3.44% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 6.01% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 5.27% | +11.13% |
BSL vs. BXMIX - Expense Ratio Comparison
BSL has a 1.50% expense ratio, which is lower than BXMIX's 2.33% expense ratio.
Dividends
BSL vs. BXMIX - Dividend Comparison
BSL's dividend yield for the trailing twelve months is around 8.35%, more than BXMIX's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | 8.35% | 8.45% | 9.46% | 10.76% | 6.89% | 5.75% | 7.65% | 8.15% | 9.21% | 5.93% | 5.86% | 7.27% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.42% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
Frequently Asked Questions
BSL and BXMIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXMIX has higher volatility (1.47%) compared to BSL (1.10%). In terms of maximum drawdown, BSL dropped -43.83% vs BXMIX's -19.28%.
BXMIX currently has the higher Sharpe Ratio (4.81 vs -0.07), 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.
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