BXMIX vs. ^GSPC
Compare and contrast key facts about Blackstone Alternative Multi-Strategy Fund (BXMIX) and S&P 500 (^GSPC).
BXMIX is managed by Blackstone. It was launched on Jun 15, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXMIX or ^GSPC.
Correlation
The correlation between BXMIX and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
BXMIX:
2.75
^GSPC:
1.74
BXMIX:
4.24
^GSPC:
2.35
BXMIX:
1.55
^GSPC:
1.32
BXMIX:
3.05
^GSPC:
2.62
BXMIX:
12.51
^GSPC:
10.82
BXMIX:
0.64%
^GSPC:
2.05%
BXMIX:
2.89%
^GSPC:
12.77%
BXMIX:
-19.28%
^GSPC:
-56.78%
BXMIX:
0.00%
^GSPC:
-4.06%
Returns By Period
In the year-to-date period, BXMIX achieves a 0.47% return, which is significantly higher than ^GSPC's -0.66% return. Over the past 10 years, BXMIX has underperformed ^GSPC with an annualized return of 2.42%, while ^GSPC has yielded a comparatively higher 11.24% annualized return.
BXMIX
0.47%
0.34%
2.41%
7.85%
2.45%
2.42%
^GSPC
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BXMIX vs. ^GSPC — Risk-Adjusted Performance Rank
BXMIX
^GSPC
BXMIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and S&P 500 (^GSPC). 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.
Drawdowns
BXMIX vs. ^GSPC - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BXMIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BXMIX vs. ^GSPC - Volatility Comparison
The current volatility for Blackstone Alternative Multi-Strategy Fund (BXMIX) is 0.76%, while S&P 500 (^GSPC) has a volatility of 4.57%. This indicates that BXMIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.