BGELX vs. BGGSX
BGELX (Baillie Gifford Emerging Markets Equities Fund) and BGGSX (Baillie Gifford U.S. Equity Growth Fund) are both mutual funds - BGELX is a Emerging Markets Equities fund managed by Baillie Gifford, while BGGSX is a Large Cap Growth Equities fund managed by Baillie Gifford. Over the past 5 years, BGELX returned 7.84%/yr vs -5.89%/yr for BGGSX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. BGELX charges 0.76%/yr vs 0.75%/yr for BGGSX.
Performance
BGELX vs. BGGSX - Performance Comparison
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Returns By Period
In the year-to-date period, BGELX achieves a 24.30% return, which is significantly higher than BGGSX's -6.28% return.
BGELX
- 1D
- 2.13%
- 1M
- 7.41%
- 6M
- 12.00%
- YTD
- 24.30%
- 1Y
- 50.40%
- 3Y*
- 22.16%
- 5Y*
- 7.84%
- 10Y*
- —
- ALL TIME*
- 12.26%
BGGSX
- 1D
- 0.66%
- 1M
- -4.17%
- 6M
- -1.69%
- YTD
- -6.28%
- 1Y
- -9.05%
- 3Y*
- 11.67%
- 5Y*
- -5.89%
- 10Y*
- —
- ALL TIME*
- 12.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGELX vs. BGGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGELX Baillie Gifford Emerging Markets Equities Fund | 24.30% | 40.75% | 6.04% | 14.42% | -26.46% | -8.93% | 29.66% | 28.10% | -14.87% | 26.59% |
BGGSX Baillie Gifford U.S. Equity Growth Fund | -6.28% | 10.25% | 30.44% | 45.93% | -52.50% | -11.13% | 125.42% | 30.00% | 8.31% | 16.54% |
Correlation
The correlation between BGELX and BGGSX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.54 |
The correlation between BGELX and BGGSX has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
BGELX vs. BGGSX — Risk / Return Rank
BGELX
BGGSX
BGELX vs. BGGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Emerging Markets Equities Fund (BGELX) 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.
| BGELX | BGGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.94 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | -0.43 | +3.80 |
| Martin ratioReturn relative to average drawdown | 12.70 | -0.84 | +13.54 |
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Drawdowns
BGELX vs. BGGSX - Drawdown Comparison
The maximum BGELX drawdown since its inception was -50.47%, smaller than the maximum BGGSX drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for BGELX and BGGSX.
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Drawdown Indicators
| BGELX | BGGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.47% | -68.76% | +18.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -26.08% | +11.17% |
Max Drawdown (3Y)Largest decline over 3 years | -19.74% | -30.87% | +11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -42.63% | -67.64% | +25.01% |
Current DrawdownCurrent decline from peak | -1.90% | -31.49% | +29.59% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -25.26% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 13.16% | -9.24% |
Volatility
BGELX vs. BGGSX - Volatility Comparison
Baillie Gifford Emerging Markets Equities Fund (BGELX) has a higher volatility of 13.31% compared to Baillie Gifford U.S. Equity Growth Fund (BGGSX) at 5.56%. This indicates that BGELX's price experiences larger fluctuations and is considered to be riskier 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
| BGELX | BGGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 5.56% | +7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 17.99% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 22.88% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 35.24% | -13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 32.05% | -10.14% |
BGELX vs. BGGSX - Expense Ratio Comparison
BGELX has a 0.76% expense ratio, which is higher than BGGSX's 0.75% expense ratio.
Dividends
BGELX vs. BGGSX - Dividend Comparison
BGELX's dividend yield for the trailing twelve months is around 1.35%, while BGGSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BGELX Baillie Gifford Emerging Markets Equities Fund | 1.35% | 1.68% | 3.52% | 4.02% | 5.46% | 3.08% | 1.31% | 3.90% | 10.14% | 1.16% |
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% | 0.00% |
Frequently Asked Questions
BGELX and BGGSX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGELX has higher volatility (13.31%) compared to BGGSX (5.56%). In terms of maximum drawdown, BGELX dropped -50.47% vs BGGSX's -68.76%.
BGELX currently has the higher Sharpe Ratio (2.19 vs -0.49), 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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