BXMIX vs. BIMBX
Compare and contrast key facts about Blackstone Alternative Multi-Strategy Fund (BXMIX) and BlackRock Systematic Multi-Strategy Class I (BIMBX).
BXMIX is managed by Blackstone. It was launched on Jun 15, 2014. BIMBX is managed by Blackrock. It was launched on May 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXMIX or BIMBX.
Correlation
The correlation between BXMIX and BIMBX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
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BXMIX vs. BIMBX - Performance Comparison
Key characteristics
BXMIX:
0.51
BIMBX:
0.98
BXMIX:
0.71
BIMBX:
1.41
BXMIX:
1.09
BIMBX:
1.18
BXMIX:
0.51
BIMBX:
1.39
BXMIX:
2.08
BIMBX:
3.58
BXMIX:
0.81%
BIMBX:
1.08%
BXMIX:
3.27%
BIMBX:
3.97%
BXMIX:
-19.28%
BIMBX:
-8.73%
BXMIX:
-3.31%
BIMBX:
-2.58%
Returns By Period
In the year-to-date period, BXMIX achieves a -1.77% return, which is significantly lower than BIMBX's 0.99% return.
BXMIX
-1.77%
-2.05%
0.49%
1.68%
5.31%
1.79%
BIMBX
0.99%
-2.02%
-0.13%
4.08%
3.96%
N/A
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BXMIX vs. BIMBX - Expense Ratio Comparison
BXMIX has a 2.33% expense ratio, which is higher than BIMBX's 0.98% expense ratio.
Risk-Adjusted Performance
BXMIX vs. BIMBX — Risk-Adjusted Performance Rank
BXMIX
BIMBX
BXMIX vs. BIMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and BlackRock Systematic Multi-Strategy Class I (BIMBX). 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.
Dividends
BXMIX vs. BIMBX - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 5.86%, more than BIMBX's 4.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
Drawdowns
BXMIX vs. BIMBX - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, which is greater than BIMBX's maximum drawdown of -8.73%. Use the drawdown chart below to compare losses from any high point for BXMIX and BIMBX. For additional features, visit the drawdowns tool.
Volatility
BXMIX vs. BIMBX - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is NaN%, while BlackRock Systematic Multi-Strategy Class I (BIMBX) has a volatility of NaN%. This indicates that BXMIX experiences smaller price fluctuations and is considered to be less risky than BIMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
User Portfolios with BXMIX or BIMBX
Recent discussions
Dividend Paying Stock Portfolio
4803heights
Going forward performance roughly coinciding with historically optimized portfolios on this site?
I'm quite new to the site, but I am concerned that a portfolio optimized with past data may have no bearing at all on its future performance. Has anyone been around long enough to speak to this concern. Have you outperformed a relevant benchmark with actual invested money?
Also, if you've been here awhile, what tools on the site do you find most useful?
Thanks for reading!
Bob Peticolas
How is Sharpe ratio calculated?
The highest sharpe ratio portfolioi in User portfolios holds only ultrashort treasuries and show a sharpe ratio of 7+. But my understanding is the Sharpe ratio is the return less the risk-free rate divided by the standard deviation of returns. But short-term treasuries ARE the risk free rate, so the Sharpe ratio should be zero since the risk free rate minus the risk free rate is zero. So are you simply ignoring the risk-free rate and dividing returns by the standard deviation???
Addendum:
Just input my portfolio and asked that your site optimize it for Sharpe ratio. I have ready cash in USFR, and ETF that holds US floating rate notes exclusively. The optimization recommended I put over 99% in USFR. However, the interest rate on floating rate notes is based on the three month treasury, so again, USFR has a Sharpe ratio of zero! Please correct this!
Bob Peticolas