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Baillie Gifford Emerging Markets Equities Fund (BGELX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies located in countries represented in the MSCI Emerging Markets Index. It invests in equity securities either directly or indirectly, such as through depositary receipts or participatory notes, and may invest in preferred stocks, convertible securities and warrants. The fund is not constrained with respect to market capitalization and may participate in initial public offerings ("IPOs") and in securities offerings that are not registered in the U.S.

Looking to diversify beyond BGELX? The mutual funds below have the lowest correlation with BGELX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BGELX.

Best Diversifiers for BGELX

1 mutual funds have low correlation with BGELX (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Low Duration Bond Fund (DBLSX) (Short-Term Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DBLSX
DoubleLine Low Duration Bond Fund0.080.080.08
97
Short-Term BondBGELX vs DBLSX
EMPTX
UBS Emerging Markets Equity Opportunity Fund0.540.700.73
92
Emerging Markets DiversifiedBGELX vs EMPTX
WAEMX
Wasatch Emerging Markets Small Cap Fund0.580.600.62
62
Emerging Markets DiversifiedBGELX vs WAEMX
DEMIX
Delaware Emerging Markets Fund0.600.740.77
98
Emerging Markets DiversifiedBGELX vs DEMIX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.600.680.67
87
Emerging Markets DiversifiedBGELX vs ESCIX
See all 24 diversifiers for BGELX

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