BGELX vs. DRESX
BGELX (Baillie Gifford Emerging Markets Equities Fund) and DRESX (Driehaus Emerging Markets Small Cap Growth Fund) are both Emerging Markets Equities funds. Over the past 5 years, BGELX returned 7.72%/yr vs 5.74%/yr for DRESX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. BGELX charges 0.76%/yr vs 1.24%/yr for DRESX.
Performance
BGELX vs. DRESX - Performance Comparison
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Returns By Period
In the year-to-date period, BGELX achieves a 25.68% return, which is significantly higher than DRESX's 6.65% return.
BGELX
- 1D
- 1.10%
- 1M
- 8.59%
- 6M
- 12.23%
- YTD
- 25.68%
- 1Y
- 49.55%
- 3Y*
- 23.67%
- 5Y*
- 7.72%
- 10Y*
- —
- ALL TIME*
- 12.38%
DRESX
- 1D
- 2.45%
- 1M
- -6.44%
- 6M
- -3.44%
- YTD
- 6.65%
- 1Y
- 18.85%
- 3Y*
- 15.33%
- 5Y*
- 5.74%
- 10Y*
- 9.36%
- ALL TIME*
- 7.73%
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. DRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGELX Baillie Gifford Emerging Markets Equities Fund | 25.68% | 40.75% | 6.04% | 14.42% | -26.46% | -8.93% | 29.66% | 28.10% | -14.87% | 50.50% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 6.65% | 24.08% | 14.86% | 10.30% | -21.17% | 15.93% | 33.56% | 33.70% | -24.00% | 33.30% |
Correlation
The correlation between BGELX and DRESX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.72 |
The correlation between BGELX and DRESX shifts across timeframes, from 0.61 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BGELX vs. DRESX — Risk / Return Rank
BGELX
DRESX
BGELX vs. DRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Emerging Markets Equities Fund (BGELX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX). 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 | DRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.21 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.01 | +2.64 |
| Martin ratioReturn relative to average drawdown | 13.73 | 3.59 | +10.14 |
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Drawdowns
BGELX vs. DRESX - Drawdown Comparison
The maximum BGELX drawdown since its inception was -50.47%, which is greater than DRESX's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for BGELX and DRESX.
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Drawdown Indicators
| BGELX | DRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.47% | -33.38% | -17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -20.40% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.74% | -20.40% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -42.63% | -25.88% | -16.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.38% | — |
Current DrawdownCurrent decline from peak | -0.82% | -15.87% | +15.05% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -9.92% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 5.72% | -1.80% |
Volatility
BGELX vs. DRESX - Volatility Comparison
Baillie Gifford Emerging Markets Equities Fund (BGELX) has a higher volatility of 13.32% compared to Driehaus Emerging Markets Small Cap Growth Fund (DRESX) at 7.98%. This indicates that BGELX's price experiences larger fluctuations and is considered to be riskier than DRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGELX | DRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.32% | 7.98% | +5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 16.83% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 18.73% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.69% | 15.46% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 16.26% | +5.65% |
BGELX vs. DRESX - Expense Ratio Comparison
BGELX has a 0.76% expense ratio, which is lower than DRESX's 1.24% expense ratio.
Dividends
BGELX vs. DRESX - Dividend Comparison
BGELX's dividend yield for the trailing twelve months is around 1.34%, less than DRESX's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BGELX Baillie Gifford Emerging Markets Equities Fund | 1.34% | 1.68% | 3.52% | 4.02% | 5.46% | 3.08% | 1.31% | 3.90% | 10.14% | 1.16% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.11% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% | 0.00% | 0.00% |
Frequently Asked Questions
BGELX and DRESX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGELX has higher volatility (13.32%) compared to DRESX (7.98%). In terms of maximum drawdown, BGELX dropped -50.47% vs DRESX's -33.38%.
BGELX currently has the higher Sharpe Ratio (2.37 vs 1.10), 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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