Correlation
The correlation between ORILX and BXMIX 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.
ORILX vs. BXMIX
Compare and contrast key facts about North Square Multi Strategy Fund (ORILX) and Blackstone Alternative Multi-Strategy Fund (BXMIX).
ORILX is managed by North Square. It was launched on Feb 28, 1999. 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: ORILX or BXMIX.
Performance
ORILX vs. BXMIX - Performance Comparison
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Key characteristics
ORILX:
0.61
BXMIX:
1.37
ORILX:
0.87
BXMIX:
1.76
ORILX:
1.12
BXMIX:
1.24
ORILX:
0.56
BXMIX:
1.27
ORILX:
2.15
BXMIX:
4.27
ORILX:
3.54%
BXMIX:
0.98%
ORILX:
13.69%
BXMIX:
3.38%
ORILX:
-50.58%
BXMIX:
-19.28%
ORILX:
-2.92%
BXMIX:
-0.18%
Returns By Period
In the year-to-date period, ORILX achieves a 1.30% return, which is significantly lower than BXMIX's 1.40% return. Over the past 10 years, ORILX has outperformed BXMIX with an annualized return of 8.52%, while BXMIX has yielded a comparatively lower 2.85% annualized return.
ORILX
1.30%
3.53%
-2.77%
7.50%
8.80%
11.27%
8.52%
BXMIX
1.40%
0.84%
1.90%
4.59%
5.00%
5.55%
2.85%
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ORILX vs. BXMIX - Expense Ratio Comparison
ORILX has a 0.79% expense ratio, which is lower than BXMIX's 2.33% expense ratio.
Risk-Adjusted Performance
ORILX vs. BXMIX — Risk-Adjusted Performance Rank
ORILX
BXMIX
ORILX vs. BXMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square Multi Strategy Fund (ORILX) 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.
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Dividends
ORILX vs. BXMIX - Dividend Comparison
ORILX's dividend yield for the trailing twelve months is around 1.94%, less than BXMIX's 5.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORILX North Square Multi Strategy Fund | 1.94% | 1.96% | 1.15% | 47.96% | 6.08% | 0.00% | 6.54% | 54.03% | 0.00% | 0.00% | 0.00% | 0.00% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 5.67% | 5.75% | 3.48% | 0.00% | 1.69% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% | 0.61% |
Drawdowns
ORILX vs. BXMIX - Drawdown Comparison
The maximum ORILX drawdown since its inception was -50.58%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for ORILX and BXMIX.
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Volatility
ORILX vs. BXMIX - Volatility Comparison
North Square Multi Strategy Fund (ORILX) has a higher volatility of 3.36% compared to Blackstone Alternative Multi-Strategy Fund (BXMIX) at 0.65%. This indicates that ORILX'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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