BGEG vs. EQLT
BGEG (Baillie Gifford Emerging Markets ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Emerging Markets Equities funds. BGEG is actively managed, while EQLT is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. BGEG charges 0.79%/yr vs 0.35%/yr for EQLT.
Performance
BGEG vs. EQLT - Performance Comparison
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Returns By Period
BGEG
- 1D
- -1.41%
- 1M
- -9.29%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQLT
- 1D
- -0.68%
- 1M
- -7.34%
- 6M
- 16.75%
- YTD
- 22.08%
- 1Y
- 41.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGEG vs. EQLT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BGEG Baillie Gifford Emerging Markets ETF | -11.84% |
EQLT iShares MSCI Emerging Markets Quality Factor ETF | -8.88% |
Correlation
The correlation between BGEG and EQLT is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | 0.87 |
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Return for Risk
BGEG vs. EQLT — Risk / Return Rank
BGEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQLT
BGEG vs. EQLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Emerging Markets ETF (BGEG) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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.
| BGEG | EQLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 11.61 | — |
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Drawdowns
BGEG vs. EQLT - Drawdown Comparison
The maximum BGEG drawdown since its inception was -11.84%, smaller than the maximum EQLT drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for BGEG and EQLT.
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Drawdown Indicators
| BGEG | EQLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.84% | -17.38% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.00% | — |
Current DrawdownCurrent decline from peak | -11.84% | -8.94% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -3.70% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.55% | — |
Volatility
BGEG vs. EQLT - Volatility Comparison
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Volatility by Period
| BGEG | EQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.08% | 23.13% | +12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.08% | 21.27% | +14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.08% | 21.27% | +14.81% |
BGEG vs. EQLT - Expense Ratio Comparison
BGEG has a 0.79% expense ratio, which is higher than EQLT's 0.35% expense ratio.
Dividends
BGEG vs. EQLT - Dividend Comparison
BGEG has not paid dividends to shareholders, while EQLT's dividend yield for the trailing twelve months is around 2.87%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BGEG Baillie Gifford Emerging Markets ETF | 0.00% | 0.00% | 0.00% |
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 2.87% | 3.10% | 0.51% |
Frequently Asked Questions
BGEG and EQLT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQLT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQLT is cheaper with a 0.35% expense ratio, compared with 0.79% for BGEG.
EQLT has the higher dividend yield at 2.87%, compared with 0.00% for BGEG.
They also come from different issuers: Baillie Gifford and iShares. Their fees differ too: 0.79% for BGEG and 0.35% for EQLT.
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