EXG vs. BXMIX
EXG (Eaton Vance Tax-Managed Global Diversified Equity Income Fund) and BXMIX (Blackstone Alternative Multi-Strategy Fund) are both mutual funds - EXG is a Dividend fund actively managed by Eaton Vance, while BXMIX is a Multistrategy fund managed by Blackstone. Over the past 10 years, EXG returned 11.03%/yr vs 4.37%/yr for BXMIX. At a 0.41 correlation, their price movements are largely independent. EXG charges 1.07%/yr vs 2.33%/yr for BXMIX.
Performance
EXG vs. BXMIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EXG having a 4.49% return and BXMIX slightly lower at 4.38%. Over the past 10 years, EXG has outperformed BXMIX with an annualized return of 11.03%, while BXMIX has yielded a comparatively lower 4.37% annualized return.
EXG
- 1D
- -0.52%
- 1M
- 2.73%
- YTD
- 4.49%
- 6M
- 6.62%
- 1Y
- 22.82%
- 3Y*
- 16.76%
- 5Y*
- 8.10%
- 10Y*
- 11.03%
BXMIX
- 1D
- 0.17%
- 1M
- 1.33%
- YTD
- 4.38%
- 6M
- 4.76%
- 1Y
- 13.06%
- 3Y*
- 9.48%
- 5Y*
- 4.94%
- 10Y*
- 4.37%
EXG vs. BXMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 4.49% | 27.79% | 16.04% | 11.46% | -22.24% | 31.53% | 10.19% | 28.71% | -12.09% | 29.58% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 4.38% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
Correlation
The correlation between EXG and BXMIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.41 |
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Return for Risk
EXG vs. BXMIX — Risk / Return Rank
EXG
BXMIX
EXG vs. BXMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) and Blackstone Alternative Multi-Strategy Fund (BXMIX). 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.
| EXG | BXMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -5.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 2.06 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 10.74 | -9.13 |
| Martin ratioReturn relative to average drawdown | 7.32 | 42.66 | -35.33 |
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Drawdowns
EXG vs. BXMIX - Drawdown Comparison
The maximum EXG drawdown since its inception was -58.45%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for EXG and BXMIX.
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Drawdown Indicators
| EXG | BXMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -19.28% | -39.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -1.53% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -8.47% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -8.56% | -19.26% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -19.28% | -26.08% |
Current DrawdownCurrent decline from peak | -0.62% | 0.00% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -2.51% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 0.48% | +2.64% |
Volatility
EXG vs. BXMIX - Volatility Comparison
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has a higher volatility of 4.20% compared to Blackstone Alternative Multi-Strategy Fund (BXMIX) at 1.48%. This indicates that EXG's price experiences larger fluctuations and is considered to be riskier than BXMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXG | BXMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 1.48% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 2.69% | +8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 3.44% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 6.01% | +11.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 5.27% | +14.74% |
EXG vs. BXMIX - Expense Ratio Comparison
EXG has a 1.07% expense ratio, which is lower than BXMIX's 2.33% expense ratio.
Dividends
EXG vs. BXMIX - Dividend Comparison
EXG's dividend yield for the trailing twelve months is around 8.26%, more than BXMIX's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.43% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 8.26% | 8.27% | 9.27% | 8.60% | 10.59% | 7.27% | 8.43% | 8.42% | 12.23% | 9.84% | 12.16% | 11.02% |
Frequently Asked Questions
EXG and BXMIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXG has higher volatility (4.20%) compared to BXMIX (1.48%). In terms of maximum drawdown, EXG dropped -58.45% vs BXMIX's -19.28%.
BXMIX currently has the higher Sharpe Ratio (4.79 vs 1.64), 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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