PJT vs. BX
PJT (PJT Partners Inc.) and BX (Blackstone Inc.) are both stocks. Both are in the Financial Services sector — PJT in Capital Markets, BX in Asset Management. Over the past 10 years, PJT returned 21.32%/yr vs 22.92%/yr for BX. At a 0.43 correlation, their price movements are largely independent.
Performance
PJT vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, PJT achieves a -7.26% return, which is significantly higher than BX's -18.35% return. Over the past 10 years, PJT has underperformed BX with an annualized return of 21.32%, while BX has yielded a comparatively higher 22.92% annualized return.
PJT
- 1D
- -0.59%
- 1M
- -1.13%
- YTD
- -7.26%
- 6M
- -9.61%
- 1Y
- 0.66%
- 3Y*
- 30.95%
- 5Y*
- 18.67%
- 10Y*
- 21.32%
BX
- 1D
- -0.43%
- 1M
- 4.01%
- YTD
- -18.35%
- 6M
- -19.24%
- 1Y
- -7.23%
- 3Y*
- 15.47%
- 5Y*
- 7.98%
- 10Y*
- 22.92%
PJT vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJT PJT Partners Inc. | -7.26% | 6.62% | 56.23% | 40.00% | 0.92% | 2.62% | 67.34% | 17.00% | -14.67% | 48.41% |
BX Blackstone Inc. | -18.35% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
Correlation
The correlation between PJT and BX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.43 |
The correlation between PJT and BX shifts across timeframes, from 0.43 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PJT:
$6.69B
BX:
$96.59B
PJT:
$4.70
BX:
$3.90
PJT:
32.91
BX:
31.57
PJT:
4.20
BX:
11.61
PJT:
3.40
BX:
6.43
PJT:
24.53
BX:
11.54
PJT:
$1.81B
BX:
$14.99B
PJT:
$590.27M
BX:
$13.12B
PJT:
$412.32M
BX:
$7.37B
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Return for Risk
PJT vs. BX — Risk / Return Rank
PJT
BX
PJT vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PJT Partners Inc. (PJT) and Blackstone Inc. (BX). 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.
| PJT | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.16 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.05 | -0.29 | +0.34 |
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Drawdowns
PJT vs. BX - Drawdown Comparison
The maximum PJT drawdown since its inception was -58.44%, smaller than the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for PJT and BX.
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Drawdown Indicators
| PJT | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.44% | -88.09% | +29.65% |
Max Drawdown (1Y)Largest decline over 1 year | -32.47% | -44.76% | +12.29% |
Max Drawdown (3Y)Largest decline over 3 years | -32.47% | -46.50% | +14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -37.80% | -49.29% | +11.49% |
Max Drawdown (10Y)Largest decline over 10 years | -58.44% | -49.29% | -9.15% |
Current DrawdownCurrent decline from peak | -19.00% | -34.82% | +15.82% |
Average DrawdownAverage peak-to-trough decline | -13.00% | -26.39% | +13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.41% | 24.61% | -10.20% |
Volatility
PJT vs. BX - Volatility Comparison
The current volatility for PJT Partners Inc. (PJT) is 8.76%, while Blackstone Inc. (BX) has a volatility of 11.94%. This indicates that PJT experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJT | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 11.94% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.80% | 28.65% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.29% | 35.03% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.17% | 39.45% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.59% | 35.80% | -2.21% |
Dividends
PJT vs. BX - Dividend Comparison
PJT's dividend yield for the trailing twelve months is around 0.65%, less than BX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 4.03% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
PJT PJT Partners Inc. | 0.65% | 0.60% | 0.63% | 0.98% | 1.36% | 4.32% | 0.27% | 0.44% | 0.52% | 0.44% | 0.65% | 0.00% |
Financials
PJT vs. BX - Financials Comparison
This section allows you to compare key financial metrics between PJT Partners Inc. and Blackstone Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PJT vs. BX - Profitability Comparison
PJT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PJT Partners Inc. reported a gross profit of 137.94M and revenue of 418.20M. Therefore, the gross margin over that period was 33.0%.
BX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.
PJT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PJT Partners Inc. reported an operating income of 80.34M and revenue of 418.20M, resulting in an operating margin of 19.2%.
BX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.
PJT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PJT Partners Inc. reported a net income of 60.50M and revenue of 418.20M, resulting in a net margin of 14.5%.
BX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.
Frequently Asked Questions
PJT and BX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (11.94%) compared to PJT (8.76%). In terms of maximum drawdown, PJT dropped -58.44% vs BX's -88.09%.
PJT currently has the higher Sharpe Ratio (0.02 vs -0.21), 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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