BXMIX vs. MSFT
BXMIX (Blackstone Alternative Multi-Strategy Fund) is Multistrategy fund managed by Blackstone, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, BXMIX returned 4.43%/yr vs 23.47%/yr for MSFT. At a 0.34 correlation, their price movements are largely independent.
Performance
BXMIX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, BXMIX achieves a 5.29% return, which is significantly higher than MSFT's -18.79% return. Over the past 10 years, BXMIX has underperformed MSFT with an annualized return of 4.43%, while MSFT has yielded a comparatively higher 23.47% annualized return.
BXMIX
- 1D
- 0.09%
- 1M
- 1.94%
- 6M
- 4.52%
- YTD
- 5.29%
- 1Y
- 13.12%
- 3Y*
- 9.66%
- 5Y*
- 4.95%
- 10Y*
- 4.43%
MSFT
- 1D
- 1.53%
- 1M
- 0.06%
- 6M
- -17.70%
- YTD
- -18.79%
- 1Y
- -21.70%
- 3Y*
- 5.05%
- 5Y*
- 7.60%
- 10Y*
- 23.47%
BXMIX vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 5.29% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
MSFT Microsoft Corporation | -18.79% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between BXMIX and MSFT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.34 |
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Return for Risk
BXMIX vs. MSFT — Risk / Return Rank
BXMIX
MSFT
BXMIX vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.57 | ||
| Sortino ratioReturn per unit of downside risk | +8.94 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 0.87 | +1.18 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | -0.63 | +11.30 |
| Martin ratioReturn relative to average drawdown | 42.61 | -1.18 | +43.80 |
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Drawdowns
BXMIX vs. MSFT - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for BXMIX and MSFT.
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Drawdown Indicators
| BXMIX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -69.38% | +50.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -34.50% | +32.97% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | -34.50% | +26.03% |
Max Drawdown (5Y)Largest decline over 5 years | -8.56% | -37.15% | +28.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -37.15% | +17.87% |
Current DrawdownCurrent decline from peak | 0.00% | -27.41% | +27.41% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -21.80% | +19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 18.36% | -18.00% |
Volatility
BXMIX vs. MSFT - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is 1.25%, while Microsoft Corporation (MSFT) has a volatility of 10.62%. This indicates that BXMIX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMIX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 10.62% | -9.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 24.24% | -21.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 27.18% | -23.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 27.01% | -21.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 27.17% | -21.91% |
Dividends
BXMIX vs. MSFT - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 7.36%, more than MSFT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.36% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
BXMIX and MSFT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.62%) compared to BXMIX (1.25%). In terms of maximum drawdown, BXMIX dropped -19.28% vs MSFT's -69.38%.
BXMIX currently has the higher Sharpe Ratio (4.76 vs -0.80), 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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