PSMIX vs. BXMIX
PSMIX (Principal Global Multi-Strategy Fund) and BXMIX (Blackstone Alternative Multi-Strategy Fund) are both Multistrategy funds. Over the past 10 years, PSMIX returned 5.16%/yr vs 4.39%/yr for BXMIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. PSMIX charges 1.63%/yr vs 2.33%/yr for BXMIX.
Performance
PSMIX vs. BXMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PSMIX achieves a 5.92% return, which is significantly higher than BXMIX's 5.29% return. Over the past 10 years, PSMIX has outperformed BXMIX with an annualized return of 5.16%, while BXMIX has yielded a comparatively lower 4.39% annualized return.
PSMIX
- 1D
- 0.16%
- 1M
- 0.65%
- 6M
- 4.14%
- YTD
- 5.92%
- 1Y
- 12.85%
- 3Y*
- 9.11%
- 5Y*
- 6.14%
- 10Y*
- 5.16%
- ALL TIME*
- 4.62%
BXMIX
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 4.71%
- YTD
- 5.29%
- 1Y
- 12.61%
- 3Y*
- 8.99%
- 5Y*
- 5.10%
- 10Y*
- 4.39%
- ALL TIME*
- 4.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PSMIX vs. BXMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSMIX Principal Global Multi-Strategy Fund | 5.92% | 10.47% | 8.90% | 6.59% | -1.80% | 5.62% | 5.11% | 8.18% | -4.34% | 6.60% |
BXMIX Blackstone Alternative Multi-Strategy Fund | 5.29% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
Correlation
The correlation between PSMIX and BXMIX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.55 |
The correlation between PSMIX and BXMIX has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
PSMIX vs. BXMIX — Risk / Return Rank
PSMIX
BXMIX
PSMIX vs. BXMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) 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.
| PSMIX | BXMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.93 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 10.09 | -4.87 |
| Martin ratioReturn relative to average drawdown | 20.64 | 38.53 | -17.89 |
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Drawdowns
PSMIX vs. BXMIX - Drawdown Comparison
The maximum PSMIX drawdown since its inception was -55.50%, which is greater than BXMIX's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PSMIX and BXMIX.
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Drawdown Indicators
| PSMIX | BXMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.50% | -19.28% | -36.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.53% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -8.47% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -6.39% | -8.56% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -55.50% | -19.28% | -36.22% |
Current DrawdownCurrent decline from peak | -24.40% | -0.17% | -24.23% |
Average DrawdownAverage peak-to-trough decline | -26.56% | -2.48% | -24.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.37% | +0.24% |
Volatility
PSMIX vs. BXMIX - Volatility Comparison
The current volatility for Principal Global Multi-Strategy Fund (PSMIX) is 0.92%, while Blackstone Alternative Multi-Strategy Fund (BXMIX) has a volatility of 1.14%. This indicates that PSMIX experiences smaller price fluctuations and is considered to be less risky 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
| PSMIX | BXMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.14% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 2.71% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.58% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 6.01% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.10% | 5.26% | +32.84% |
PSMIX vs. BXMIX - Expense Ratio Comparison
PSMIX has a 1.63% expense ratio, which is lower than BXMIX's 2.33% expense ratio.
Dividends
PSMIX vs. BXMIX - Dividend Comparison
PSMIX's dividend yield for the trailing twelve months is around 5.22%, less than BXMIX's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.36% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
PSMIX Principal Global Multi-Strategy Fund | 5.22% | 5.53% | 1.66% | 3.51% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.15% | 3.02% |
Frequently Asked Questions
PSMIX and BXMIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXMIX has higher volatility (1.14%) compared to PSMIX (0.92%). In terms of maximum drawdown, PSMIX dropped -55.50% vs BXMIX's -19.28%.
BXMIX currently has the higher Sharpe Ratio (4.32 vs 3.06), 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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