BXMIX vs. BGB
BXMIX (Blackstone Alternative Multi-Strategy Fund) and BGB (Blackstone GSO Strategic Credit Closed Fund) are both mutual funds - BXMIX is a Multistrategy fund managed by Blackstone, while BGB is a High Yield Bonds fund actively managed by Blackstone. Over the past 10 years, BXMIX returned 4.40%/yr vs 6.34%/yr for BGB. At a 0.25 correlation, their price movements are largely independent. BXMIX charges 2.33%/yr vs 2.36%/yr for BGB.
Performance
BXMIX vs. BGB - Performance Comparison
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Returns By Period
In the year-to-date period, BXMIX achieves a 5.10% return, which is significantly higher than BGB's -0.64% return. Over the past 10 years, BXMIX has underperformed BGB with an annualized return of 4.40%, while BGB has yielded a comparatively higher 6.34% annualized return.
BXMIX
- 1D
- -0.35%
- 1M
- 0.87%
- 6M
- 4.16%
- YTD
- 5.10%
- 1Y
- 12.82%
- 3Y*
- 9.24%
- 5Y*
- 5.01%
- 10Y*
- 4.40%
BGB
- 1D
- -0.18%
- 1M
- 0.76%
- 6M
- -1.73%
- YTD
- -0.64%
- 1Y
- -0.82%
- 3Y*
- 10.73%
- 5Y*
- 4.83%
- 10Y*
- 6.34%
BXMIX vs. BGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 5.10% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
BGB Blackstone GSO Strategic Credit Closed Fund | -0.64% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
Correlation
The correlation between BXMIX and BGB is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.25 |
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Return for Risk
BXMIX vs. BGB — Risk / Return Rank
BXMIX
BGB
BXMIX vs. BGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and Blackstone GSO Strategic Credit Closed Fund (BGB). 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.
| BXMIX | BGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.76 | ||
| Sortino ratioReturn per unit of downside risk | +7.79 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 0.99 | +1.03 |
| Calmar ratioReturn relative to maximum drawdown | 10.46 | -0.09 | +10.55 |
| Martin ratioReturn relative to average drawdown | 41.80 | -0.18 | +41.97 |
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Drawdowns
BXMIX vs. BGB - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, smaller than the maximum BGB drawdown of -44.87%. Use the drawdown chart below to compare losses from any high point for BXMIX and BGB.
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Drawdown Indicators
| BXMIX | BGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -44.87% | +25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -9.06% | +7.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | -12.77% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -8.56% | -21.23% | +12.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -44.87% | +25.59% |
Current DrawdownCurrent decline from peak | -0.35% | -4.02% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -5.96% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 4.58% | -4.23% |
Volatility
BXMIX vs. BGB - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is 0.75%, while Blackstone GSO Strategic Credit Closed Fund (BGB) has a volatility of 0.81%. This indicates that BXMIX experiences smaller price fluctuations and is considered to be less risky than BGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMIX | BGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.81% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 5.39% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 7.53% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 10.87% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 16.07% | -10.81% |
BXMIX vs. BGB - Expense Ratio Comparison
BXMIX has a 2.33% expense ratio, which is lower than BGB's 2.36% expense ratio.
Dividends
BXMIX vs. BGB - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 7.37%, less than BGB's 8.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | 8.45% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.37% | 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
BXMIX and BGB have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGB has higher volatility (0.81%) compared to BXMIX (0.75%). In terms of maximum drawdown, BXMIX dropped -19.28% vs BGB's -44.87%.
BXMIX currently has the higher Sharpe Ratio (4.65 vs -0.11), 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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