LSEIX vs. BGX
LSEIX (Persimmon Long/Short Fund) and BGX (Blackstone Long-Short Credit Income Fund) are both Long-Short funds. Over the past 10 years, LSEIX returned 7.55%/yr vs 5.90%/yr for BGX. Their 0.31 correlation means their historical movements had little consistent relationship. LSEIX charges 1.91%/yr vs 1.46%/yr for BGX.
Performance
LSEIX vs. BGX - Performance Comparison
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Returns By Period
In the year-to-date period, LSEIX achieves a 10.15% return, which is significantly higher than BGX's -3.76% return. Over the past 10 years, LSEIX has outperformed BGX with an annualized return of 7.55%, while BGX has yielded a comparatively lower 5.90% annualized return.
LSEIX
- 1D
- 0.53%
- 1M
- 1.65%
- 6M
- 6.94%
- YTD
- 10.15%
- 1Y
- 19.75%
- 3Y*
- 15.33%
- 5Y*
- 9.74%
- 10Y*
- 7.55%
- ALL TIME*
- 6.34%
BGX
- 1D
- 0.28%
- 1M
- -0.25%
- 6M
- -2.51%
- YTD
- -3.76%
- 1Y
- -6.52%
- 3Y*
- 7.28%
- 5Y*
- 2.93%
- 10Y*
- 5.90%
- ALL TIME*
- 4.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $682.22K | $696.88K | $604.09K | |
| $0.00 | $0.00 | $0.00 |
LSEIX vs. BGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSEIX Persimmon Long/Short Fund | 10.15% | 12.02% | 17.36% | 15.70% | -9.95% | 14.67% | 8.13% | 5.28% | -6.10% | 13.39% |
BGX Blackstone Long-Short Credit Income Fund | -3.76% | 2.09% | 19.83% | 18.92% | -20.57% | 17.54% | -5.67% | 24.98% | -4.19% | 7.28% |
Correlation
The correlation between LSEIX and BGX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.31 |
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Return for Risk
LSEIX vs. BGX — Risk / Return Rank
LSEIX
BGX
LSEIX vs. BGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Persimmon Long/Short Fund (LSEIX) and Blackstone Long-Short Credit Income Fund (BGX). 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.
| LSEIX | BGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +4.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.86 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | -0.53 | +5.13 |
| Martin ratioReturn relative to average drawdown | 18.38 | -0.98 | +19.36 |
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Drawdowns
LSEIX vs. BGX - Drawdown Comparison
The maximum LSEIX drawdown since its inception was -19.92%, smaller than the maximum BGX drawdown of -47.40%. Use the drawdown chart below to compare losses from any high point for LSEIX and BGX.
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Drawdown Indicators
| LSEIX | BGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -47.40% | +27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -12.43% | +8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -14.08% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.63% | -25.94% | +12.31% |
Max Drawdown (10Y)Largest decline over 10 years | -19.92% | -47.40% | +27.48% |
Current DrawdownCurrent decline from peak | 0.00% | -7.45% | +7.45% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -7.00% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 6.66% | -5.68% |
Volatility
LSEIX vs. BGX - Volatility Comparison
Persimmon Long/Short Fund (LSEIX) has a higher volatility of 1.98% compared to Blackstone Long-Short Credit Income Fund (BGX) at 1.73%. This indicates that LSEIX's price experiences larger fluctuations and is considered to be riskier than BGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSEIX | BGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.73% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.69% | 5.77% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 7.83% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 11.64% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 17.50% | -6.81% |
LSEIX vs. BGX - Expense Ratio Comparison
LSEIX has a 1.91% expense ratio, which is higher than BGX's 1.46% expense ratio.
Dividends
LSEIX vs. BGX - Dividend Comparison
LSEIX has not paid dividends to shareholders, while BGX's dividend yield for the trailing twelve months is around 9.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGX Blackstone Long-Short Credit Income Fund | 9.09% | 8.87% | 9.89% | 11.71% | 8.15% | 7.01% | 8.76% | 9.35% | 11.74% | 7.12% | 9.01% | 8.72% |
LSEIX Persimmon Long/Short Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.23% | 3.49% | 6.18% | 0.00% | 4.88% |
Frequently Asked Questions
LSEIX and BGX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSEIX has higher volatility (1.98%) compared to BGX (1.73%). In terms of maximum drawdown, LSEIX dropped -19.92% vs BGX's -47.40%.
LSEIX currently has the higher Sharpe Ratio (2.06 vs -0.84), 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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