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Baillie Gifford China Equities Fund (BGCBX) Sharpe Ratio: 0.59

Mutual Fund · Currency in USD · Last updated Jul 15, 2026

The mutual fund aims to achieve its objective by investing mainly in common stocks and equity securities of Chinese companies. It focuses on companies located in China, regardless of where their securities are listed, and is considered non-diversified.

BGCBX's Sharpe Ratio of 0.59 indicates that for each unit of volatility, it generates 0.59 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 15, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BGCBX Sharpe Ratio Rank

BGCBX Sharpe Ratio Rank: 10.711
Concerning

BGCBX ranks above 10.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

BGCBX Sharpe Ratio Market Positioning

The chart shows BGCBX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.04 or lower
  • Yellow zone (middle 50%): 1.04 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 3.88+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Baillie Gifford China Equities Fund's Sharpe Ratio with other mutual funds in the China Equities, Asia Pacific Equities category across multiple time periods, showing how BGCBX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 15, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CAFMorgan Stanley China A Share Fund2.62
FIQFXFidelity Advisor China Region Fund Class Z2.56
FHKIXFidelity Advisor China Region Fund Class I2.56
FHKCXFidelity China Region Fund2.55
FHKAXFidelity Advisor China Region Fund Class A2.54
FHKTXFidelity Advisor China Region Fund Class M2.52
MATFXMatthews Asia Innovators Fund2.49
FCHKXFidelity Advisor China Region Fund Class C2.49
TRCLXT. Rowe Price China Evolution Equity Fund2.36
FIQPXFidelity Advisor Emerging Asia Fund Class Z2.14
BGCBXBaillie Gifford China Equities Fund0.59

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BGCBX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BGCBX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does BGCBX fit in your portfolio?

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