BXMIX vs. SPY
Compare and contrast key facts about Blackstone Alternative Multi-Strategy Fund (BXMIX) and SPDR S&P 500 ETF (SPY).
BXMIX is managed by Blackstone. It was launched on Jun 15, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXMIX or SPY.
Correlation
The correlation between BXMIX and SPY is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BXMIX vs. SPY - Performance Comparison
Key characteristics
BXMIX:
2.75
SPY:
1.88
BXMIX:
4.24
SPY:
2.51
BXMIX:
1.55
SPY:
1.35
BXMIX:
3.05
SPY:
2.83
BXMIX:
12.51
SPY:
11.89
BXMIX:
0.64%
SPY:
2.00%
BXMIX:
2.89%
SPY:
12.69%
BXMIX:
-19.28%
SPY:
-55.19%
BXMIX:
0.00%
SPY:
-3.89%
Returns By Period
In the year-to-date period, BXMIX achieves a 0.47% return, which is significantly higher than SPY's -0.66% return. Over the past 10 years, BXMIX has underperformed SPY with an annualized return of 2.42%, while SPY has yielded a comparatively higher 13.18% annualized return.
BXMIX
0.47%
0.34%
2.41%
7.85%
2.45%
2.42%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BXMIX vs. SPY - Expense Ratio Comparison
BXMIX has a 2.33% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BXMIX vs. SPY — Risk-Adjusted Performance Rank
BXMIX
SPY
BXMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 5.72%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 5.72% | 5.75% | 3.48% | 0.00% | 0.00% | 3.12% | 1.97% | 1.25% | 0.76% | 0.45% | 0.12% | 0.22% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BXMIX vs. SPY - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BXMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BXMIX vs. SPY - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is 0.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.61%. This indicates that BXMIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.