BGCBX vs. BGGSX
BGCBX (Baillie Gifford China Equities Fund) and BGGSX (Baillie Gifford U.S. Equity Growth Fund) are both mutual funds - BGCBX is a China Equities fund managed by Baillie Gifford Funds, while BGGSX is a Large Cap Growth Equities fund managed by Baillie Gifford Funds. Over the past 3 years, BGCBX returned 9.63%/yr vs 13.03%/yr for BGGSX. At a 0.42 correlation, their price movements are largely independent. BGCBX charges 0.96%/yr vs 0.75%/yr for BGGSX.
Performance
BGCBX vs. BGGSX - Performance Comparison
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Returns By Period
In the year-to-date period, BGCBX achieves a -2.61% return, which is significantly higher than BGGSX's -8.99% return.
BGCBX
- 1D
- 0.60%
- 1M
- -1.03%
- YTD
- -2.61%
- 6M
- -3.28%
- 1Y
- 16.70%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
BGGSX
- 1D
- -2.46%
- 1M
- 0.11%
- YTD
- -8.99%
- 6M
- -11.03%
- 1Y
- -7.85%
- 3Y*
- 13.03%
- 5Y*
- -6.41%
- 10Y*
- —
BGCBX vs. BGGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGCBX Baillie Gifford China Equities Fund | -2.61% | 36.51% | 9.74% | -18.00% | -28.56% | -17.30% |
BGGSX Baillie Gifford U.S. Equity Growth Fund | -8.99% | 10.25% | 30.44% | 45.93% | -52.50% | -22.91% |
Correlation
The correlation between BGCBX and BGGSX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.42 |
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Return for Risk
BGCBX vs. BGGSX — Risk / Return Rank
BGCBX
BGGSX
BGCBX vs. BGGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford China Equities Fund (BGCBX) and Baillie Gifford U.S. Equity Growth Fund (BGGSX). 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.
| BGCBX | BGGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.97 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.26 | +1.58 |
| Martin ratioReturn relative to average drawdown | 3.08 | -0.55 | +3.63 |
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Drawdowns
BGCBX vs. BGGSX - Drawdown Comparison
The maximum BGCBX drawdown since its inception was -59.07%, smaller than the maximum BGGSX drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for BGCBX and BGGSX.
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Drawdown Indicators
| BGCBX | BGGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.07% | -68.76% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -26.08% | +12.60% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -30.87% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.71% | — |
Current DrawdownCurrent decline from peak | -30.28% | -33.47% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -38.18% | -25.20% | -12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 12.36% | -6.60% |
Volatility
BGCBX vs. BGGSX - Volatility Comparison
The current volatility for Baillie Gifford China Equities Fund (BGCBX) is 5.58%, while Baillie Gifford U.S. Equity Growth Fund (BGGSX) has a volatility of 8.50%. This indicates that BGCBX experiences smaller price fluctuations and is considered to be less risky than BGGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGCBX | BGGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 8.50% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 17.42% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 22.43% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.95% | 35.25% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.95% | 32.17% | -5.22% |
BGCBX vs. BGGSX - Expense Ratio Comparison
BGCBX has a 0.96% expense ratio, which is higher than BGGSX's 0.75% expense ratio.
Dividends
BGCBX vs. BGGSX - Dividend Comparison
BGCBX's dividend yield for the trailing twelve months is around 0.94%, while BGGSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BGCBX Baillie Gifford China Equities Fund | 0.94% | 0.91% | 2.03% | 1.50% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% |
BGGSX Baillie Gifford U.S. Equity Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 16.38% | 2.61% | 3.29% | 1.35% | 2.02% |
Frequently Asked Questions
BGCBX and BGGSX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGGSX has higher volatility (8.50%) compared to BGCBX (5.58%). In terms of maximum drawdown, BGCBX dropped -59.07% vs BGGSX's -68.76%.
BGCBX currently has the higher Sharpe Ratio (0.97 vs -0.30), 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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