BGCBX vs. WICGX
BGCBX (Baillie Gifford China Equities Fund) and WICGX (William Blair China Growth Fund) are both China Equities funds. Over the past 3 years, BGCBX returned 9.63%/yr vs 12.25%/yr for WICGX. A 0.77 correlation means they provide meaningful diversification when combined. BGCBX charges 0.96%/yr vs 1.01%/yr for WICGX.
Performance
BGCBX vs. WICGX - Performance Comparison
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Returns By Period
In the year-to-date period, BGCBX achieves a -2.61% return, which is significantly lower than WICGX's 17.46% return.
BGCBX
- 1D
- 0.60%
- 1M
- -1.03%
- YTD
- -2.61%
- 6M
- -3.28%
- 1Y
- 16.70%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
WICGX
- 1D
- 2.68%
- 1M
- 10.04%
- YTD
- 17.46%
- 6M
- 16.04%
- 1Y
- 34.98%
- 3Y*
- 12.25%
- 5Y*
- —
- 10Y*
- —
BGCBX vs. WICGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BGCBX Baillie Gifford China Equities Fund | -2.61% | 36.51% | 9.74% | -18.00% | -25.59% |
WICGX William Blair China Growth Fund | 17.46% | 24.24% | 10.36% | -24.29% | -26.26% |
Correlation
The correlation between BGCBX and WICGX is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.77 |
The correlation between BGCBX and WICGX has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
BGCBX vs. WICGX — Risk / Return Rank
BGCBX
WICGX
BGCBX vs. WICGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford China Equities Fund (BGCBX) and William Blair China Growth Fund (WICGX). 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 | WICGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.64 | -1.32 |
| Martin ratioReturn relative to average drawdown | 3.08 | 7.31 | -4.23 |
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Drawdowns
BGCBX vs. WICGX - Drawdown Comparison
The maximum BGCBX drawdown since its inception was -59.07%, which is greater than WICGX's maximum drawdown of -50.35%. Use the drawdown chart below to compare losses from any high point for BGCBX and WICGX.
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Drawdown Indicators
| BGCBX | WICGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.07% | -50.35% | -8.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -13.55% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -24.72% | -3.82% |
Current DrawdownCurrent decline from peak | -30.28% | -11.49% | -18.79% |
Average DrawdownAverage peak-to-trough decline | -38.18% | -32.14% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 4.88% | +0.88% |
Volatility
BGCBX vs. WICGX - Volatility Comparison
The current volatility for Baillie Gifford China Equities Fund (BGCBX) is 5.58%, while William Blair China Growth Fund (WICGX) has a volatility of 10.58%. This indicates that BGCBX experiences smaller price fluctuations and is considered to be less risky than WICGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGCBX | WICGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 10.58% | -5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 17.39% | -4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 23.04% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.95% | 25.02% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.95% | 25.02% | +1.93% |
BGCBX vs. WICGX - Expense Ratio Comparison
BGCBX has a 0.96% expense ratio, which is lower than WICGX's 1.01% expense ratio.
Dividends
BGCBX vs. WICGX - Dividend Comparison
BGCBX's dividend yield for the trailing twelve months is around 0.94%, more than WICGX's 0.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BGCBX Baillie Gifford China Equities Fund | 0.94% | 0.91% | 2.03% | 1.50% | 0.66% |
WICGX William Blair China Growth Fund | 0.71% | 0.84% | 1.38% | 0.43% | 0.00% |
Frequently Asked Questions
BGCBX and WICGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WICGX has higher volatility (10.58%) compared to BGCBX (5.58%). In terms of maximum drawdown, BGCBX dropped -59.07% vs WICGX's -50.35%.
WICGX currently has the higher Sharpe Ratio (1.56 vs 0.97), 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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