BGELX vs. DBLSX

Last updated Jun 4, 2026

BGELX (Baillie Gifford Emerging Markets Equities Fund) and DBLSX (DoubleLine Low Duration Bond Fund) are both mutual funds - BGELX is a Emerging Markets Diversified fund managed by Baillie Gifford Funds, while DBLSX is a Short-Term Bond fund managed by DoubleLine. Over the past 5 years, BGELX returned 4.67%/yr vs 3.17%/yr for DBLSX. At a 0.04 correlation, their price movements are largely independent. BGELX charges 0.76%/yr vs 0.41%/yr for DBLSX.

Performance

BGELX vs. DBLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford Emerging Markets Equities Fund (BGELX) and DoubleLine Low Duration Bond Fund (DBLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGELX achieves a 15.73% return, which is significantly higher than DBLSX's 1.06% return.

BGELX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 15.73%
• 6M: 19.86%
• 1Y: 47.52%
• 3Y*: 21.98%
• 5Y*: 4.67%
• 10Y*: —

DBLSX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.06%
• 6M: 1.37%
• 1Y: 4.51%
• 3Y*: 5.51%
• 5Y*: 3.17%
• 10Y*: 2.87%

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

BGELX vs. DBLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGELX Baillie Gifford Emerging Markets Equities Fund	15.73%	40.75%	6.04%	14.42%	-26.46%	-8.93%	29.66%	28.10%	-14.87%	50.50%
DBLSX DoubleLine Low Duration Bond Fund	1.06%	5.74%	5.32%	6.76%	-2.69%	0.70%	2.02%	4.73%	1.40%	2.65%

Correlation

The correlation between BGELX and DBLSX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.04

Return for Risk

BGELX vs. DBLSX — Risk / Return Rank

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

BGELX

BGELX Risk / Return Rank: 70
BGELX Sharpe Ratio Rank: 76
BGELX Sortino Ratio Rank: 57
BGELX Omega Ratio Rank: 79
BGELX Calmar Ratio Rank: 71
BGELX Martin Ratio Rank: 66

DBLSX

DBLSX Risk / Return Rank: 97
DBLSX Sharpe Ratio Rank: 97
DBLSX Sortino Ratio Rank: 98
DBLSX Omega Ratio Rank: 98
DBLSX Calmar Ratio Rank: 96
DBLSX Martin Ratio Rank: 98

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.

BGELX vs. DBLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Emerging Markets Equities Fund (BGELX) and DoubleLine Low Duration Bond Fund (DBLSX). 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.

	BGELX	DBLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	3.76	-1.23
Sortino ratio: Return per unit of downside risk	3.18	6.30	-3.13
Omega ratio: Gain probability vs. loss probability	1.52	2.06	-0.54
Calmar ratio: Return relative to maximum drawdown	3.29	6.27	-2.98
Martin ratio: Return relative to average drawdown	12.81	28.69	-15.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGELX vs. DBLSX - Sharpe Ratio Comparison

The current BGELX Sharpe Ratio is 2.53, which is lower than the DBLSX Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of BGELX and DBLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGELX	DBLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	3.76	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	2.28	-2.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.05	+0.49

Drawdowns

BGELX vs. DBLSX - Drawdown Comparison

The maximum BGELX drawdown since its inception was -50.47%, smaller than the maximum DBLSX drawdown of -57.22%. Use the drawdown chart below to compare losses from any high point for BGELX and DBLSX.

Drawdown Indicators

	BGELX	DBLSX	Difference
Max Drawdown Largest peak-to-trough decline	-50.47%	-57.22%	+6.75%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-0.72%	-14.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	-0.72%	-19.02%
Max Drawdown (5Y) Largest decline over 5 years	-45.82%	-4.71%	-41.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.22%	—
Current Drawdown Current decline from peak	-2.10%	-45.00%	+42.90%
Average Drawdown Average peak-to-trough decline	-18.57%	-31.51%	+12.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	0.16%	+3.62%

Volatility

BGELX vs. DBLSX - Volatility Comparison

The current volatility for Baillie Gifford Emerging Markets Equities Fund (BGELX) is 0.00%, while DoubleLine Low Duration Bond Fund (DBLSX) has a volatility of 0.42%. This indicates that BGELX experiences smaller price fluctuations and is considered to be less risky than DBLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGELX	DBLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.42%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	15.91%	0.89%	+15.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	1.20%	+18.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	1.39%	+19.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	63.99%	-42.31%

BGELX vs. DBLSX - Expense Ratio Comparison

BGELX has a 0.76% expense ratio, which is higher than DBLSX's 0.41% expense ratio.

Dividends

BGELX vs. DBLSX - Dividend Comparison

BGELX's dividend yield for the trailing twelve months is around 1.45%, less than DBLSX's 4.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGELX Baillie Gifford Emerging Markets Equities Fund	1.45%	1.68%	3.52%	4.02%	5.46%	3.08%	1.31%	3.90%	10.14%	1.16%	0.00%	0.00%
DBLSX DoubleLine Low Duration Bond Fund	4.55%	4.64%	5.09%	4.49%	2.50%	1.72%	2.37%	3.21%	2.92%	2.42%	2.52%	2.47%

Frequently Asked Questions

Can I hold both BGELX and DBLSX in my portfolio?

BGELX and DBLSX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGELX or DBLSX?

DBLSX has higher volatility (0.42%) compared to BGELX (0.00%). In terms of maximum drawdown, BGELX dropped -50.47% vs DBLSX's -57.22%.

Which has better risk-adjusted returns?

DBLSX currently has the higher Sharpe Ratio (3.76 vs 2.53), 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.