BX vs. NANC
BX (Blackstone Inc.) is a stock, while NANC (Unusual Whales Subversive Democratic Trading ETF) is Large Cap Blend Equities fund actively managed by Subversive. Over the past 3 years, BX returned 14.49%/yr vs 22.64%/yr for NANC. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BX vs. NANC - Performance Comparison
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Returns By Period
In the year-to-date period, BX achieves a -17.45% return, which is significantly lower than NANC's 10.22% return.
BX
- 1D
- 1.50%
- 1M
- 5.72%
- YTD
- -17.45%
- 6M
- -15.36%
- 1Y
- -5.32%
- 3Y*
- 14.49%
- 5Y*
- 8.46%
- 10Y*
- 22.84%
NANC
- 1D
- 2.12%
- 1M
- 3.76%
- YTD
- 10.22%
- 6M
- 10.78%
- 1Y
- 26.20%
- 3Y*
- 22.64%
- 5Y*
- —
- 10Y*
- —
BX vs. NANC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BX Blackstone Inc. | -17.45% | -7.84% | 35.07% | 40.35% |
NANC Unusual Whales Subversive Democratic Trading ETF | 10.22% | 18.54% | 26.83% | 22.81% |
Correlation
The correlation between BX and NANC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023 | 0.58 |
The correlation between BX and NANC has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
BX vs. NANC — Risk / Return Rank
BX
NANC
BX vs. NANC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Inc. (BX) and Unusual Whales Subversive Democratic Trading ETF (NANC). 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.
| BX | NANC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 2.16 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.22 | 8.74 | -8.96 |
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Drawdowns
BX vs. NANC - Drawdown Comparison
The maximum BX drawdown since its inception was -88.09%, which is greater than NANC's maximum drawdown of -20.94%. Use the drawdown chart below to compare losses from any high point for BX and NANC.
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Drawdown Indicators
| BX | NANC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -20.94% | -67.15% |
Max Drawdown (1Y)Largest decline over 1 year | -44.76% | -12.21% | -32.55% |
Max Drawdown (3Y)Largest decline over 3 years | -46.50% | -20.94% | -25.56% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.29% | — | — |
Current DrawdownCurrent decline from peak | -34.10% | -0.68% | -33.42% |
Average DrawdownAverage peak-to-trough decline | -26.39% | -2.67% | -23.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.29% | 3.00% | +21.29% |
Volatility
BX vs. NANC - Volatility Comparison
Blackstone Inc. (BX) has a higher volatility of 12.54% compared to Unusual Whales Subversive Democratic Trading ETF (NANC) at 5.79%. This indicates that BX's price experiences larger fluctuations and is considered to be riskier than NANC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BX | NANC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.54% | 5.79% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 28.53% | 11.46% | +17.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.94% | 14.35% | +20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.42% | 16.87% | +22.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 16.87% | +18.92% |
Dividends
BX vs. NANC - Dividend Comparison
BX's dividend yield for the trailing twelve months is around 3.99%, more than NANC's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 3.99% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
NANC Unusual Whales Subversive Democratic Trading ETF | 0.19% | 0.21% | 0.20% | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BX and NANC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (12.54%) compared to NANC (5.79%). In terms of maximum drawdown, BX dropped -88.09% vs NANC's -20.94%.
NANC currently has the higher Sharpe Ratio (1.84 vs -0.15), 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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