BXMIX vs. BND
Compare and contrast key facts about Blackstone Alternative Multi-Strategy Fund (BXMIX) and Vanguard Total Bond Market ETF (BND).
BXMIX is managed by Blackstone. It was launched on Jun 15, 2014. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
BXMIX vs. BND - Performance Comparison
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BXMIX vs. BND - 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% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BXMIX at 0.09% and BND at 0.09%. Over the past 10 years, BXMIX has outperformed BND with an annualized return of 4.10%, while BND has yielded a comparatively lower 1.68% 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%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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BXMIX vs. BND - Expense Ratio Comparison
BXMIX has a 2.33% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
BXMIX vs. BND — Risk / Return Rank
BXMIX
BND
BXMIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 0.93 | +1.52 |
Sortino ratioReturn per unit of downside risk | 3.21 | 1.32 | +1.90 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.16 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.75 | +0.19 |
Martin ratioReturn relative to average drawdown | 9.07 | 4.78 | +4.29 |
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 | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 0.93 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.04 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.30 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.59 | +0.15 |
Correlation
The correlation between BXMIX and BND is 0.02, 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. BND - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 7.74%, more than BND's 3.93% 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% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
BXMIX vs. BND - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BXMIX and BND.
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Drawdown Indicators
| BXMIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -18.58% | -0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -2.44% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -8.56% | -17.91% | +9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -18.58% | -0.70% |
Current DrawdownCurrent decline from peak | -0.99% | -2.54% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -3.07% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.90% | +0.16% |
Volatility
BXMIX vs. BND - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is 1.13%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that BXMIX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.63% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.52% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 4.30% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 6.00% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 5.52% | -0.28% |