BGCG vs. IDHQ

Last updated Jul 18, 2026

BGCG (Baillie Gifford International Concentrated Growth ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds. BGCG is actively managed, while IDHQ is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. BGCG charges 0.72%/yr vs 0.29%/yr for IDHQ.

Performance

BGCG vs. IDHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford International Concentrated Growth ETF (BGCG) and Invesco S&P International Developed High Quality ETF (IDHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BGCG

• 1D: -2.04%
• 1M: 0.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDHQ

• 1D: -0.25%
• 1M: 1.40%
• 6M: 17.71%
• YTD: 24.14%
• 1Y: 35.93%
• 3Y*: 18.62%
• 5Y*: 9.52%
• 10Y*: 10.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGCG vs. IDHQ - Yearly Performance Comparison

	2026 (YTD)
BGCG Baillie Gifford International Concentrated Growth ETF	-1.46%
IDHQ Invesco S&P International Developed High Quality ETF	4.10%

Correlation

The correlation between BGCG and IDHQ 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 (All Time) Calculated using the full available price history since Jun 1, 2026	0.70

Return for Risk

BGCG vs. IDHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGCG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDHQ

IDHQ Risk / Return Rank: 70
IDHQ Sharpe Ratio Rank: 69
IDHQ Sortino Ratio Rank: 69
IDHQ Omega Ratio Rank: 68
IDHQ Calmar Ratio Rank: 68
IDHQ Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGCG vs. IDHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Concentrated Growth ETF (BGCG) and Invesco S&P International Developed High Quality ETF (IDHQ). 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.

	BGCG	IDHQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.50	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.69	—
Martin ratio: Return relative to average drawdown	—	10.55	—

Drawdowns

BGCG vs. IDHQ - Drawdown Comparison

The maximum BGCG drawdown since its inception was -5.68%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for BGCG and IDHQ.

Drawdown Indicators

	BGCG	IDHQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.68%	-73.84%	+68.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.54%	—
Current Drawdown Current decline from peak	-3.57%	-2.44%	-1.13%
Average Drawdown Average peak-to-trough decline	-2.00%	-21.07%	+19.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.41%	—

Volatility

Volatility by Period

	BGCG	IDHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.59%	20.74%	+4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.59%	17.83%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.59%	17.96%	+7.63%

BGCG vs. IDHQ - Expense Ratio Comparison

BGCG has a 0.72% expense ratio, which is higher than IDHQ's 0.29% expense ratio.

Dividends

BGCG vs. IDHQ - Dividend Comparison

BGCG has not paid dividends to shareholders, while IDHQ's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGCG Baillie Gifford International Concentrated Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDHQ Invesco S&P International Developed High Quality ETF	2.04%	2.46%	2.41%	2.52%	3.33%	2.10%	1.60%	2.10%	2.67%	1.68%	2.36%	1.71%

Frequently Asked Questions

Can I hold both BGCG and IDHQ in my portfolio?

BGCG and IDHQ 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.

Which ETF is better, BGCG or IDHQ?

On fees, IDHQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BGCG or IDHQ?

IDHQ is cheaper with a 0.29% expense ratio, compared with 0.72% for BGCG.

Which ETF pays a higher dividend yield, BGCG or IDHQ?

IDHQ has the higher dividend yield at 2.04%, compared with 0.00% for BGCG.

What is the main difference between BGCG and IDHQ?

They also come from different issuers: Baillie Gifford and Invesco. Their fees differ too: 0.72% for BGCG and 0.29% for IDHQ.