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.
Performance
BXMIX vs. BIMBX - Performance Comparison
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BXMIX vs. BIMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 0.09% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 1.16% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
Returns By Period
In the year-to-date period, BXMIX achieves a 0.09% return, which is significantly lower than BIMBX's 1.16% return. Over the past 10 years, BXMIX has underperformed BIMBX with an annualized return of 4.10%, while BIMBX has yielded a comparatively higher 4.72% annualized return.
BXMIX
- 1D
- 0.55%
- 1M
- -0.90%
- YTD
- 0.09%
- 6M
- 3.67%
- 1Y
- 10.24%
- 3Y*
- 8.35%
- 5Y*
- 4.71%
- 10Y*
- 4.10%
BIMBX
- 1D
- 0.19%
- 1M
- -2.60%
- YTD
- 1.16%
- 6M
- 3.25%
- 1Y
- 3.15%
- 3Y*
- 6.56%
- 5Y*
- 4.18%
- 10Y*
- 4.72%
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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.
Return for Risk
BXMIX vs. BIMBX — Risk / Return Rank
BXMIX
BIMBX
BXMIX vs. BIMBX - Risk-Adjusted Trends 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.
| BXMIX | BIMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 0.81 | +1.64 |
Sortino ratioReturn per unit of downside risk | 3.21 | 1.19 | +2.03 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.15 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.98 | +0.96 |
Martin ratioReturn relative to average drawdown | 9.07 | 3.51 | +5.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BXMIX | BIMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 0.81 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.19 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 1.34 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.44 | -0.70 |
Correlation
The correlation between BXMIX and BIMBX is 0.19, 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
BXMIX vs. BIMBX - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 7.74%, more than BIMBX's 2.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.74% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 2.24% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% | 0.00% |
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.
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Drawdown Indicators
| BXMIX | BIMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -8.73% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -3.61% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -8.56% | -6.50% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -8.73% | -10.55% |
Current DrawdownCurrent decline from peak | -0.99% | -2.96% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -1.14% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.01% | +0.05% |
Volatility
BXMIX vs. BIMBX - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is 1.13%, while BlackRock Systematic Multi-Strategy Class I (BIMBX) has a volatility of 1.56%. 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.
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Volatility by Period
| BXMIX | BIMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.56% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.83% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 4.02% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 3.53% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 3.52% | +1.72% |