BGETX vs. MGGPX

Last updated Jun 3, 2026

BGETX (Baillie Gifford International Growth Fund) and MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) are both mutual funds - BGETX is a Foreign Large Cap Equities fund managed by Baillie Gifford Funds, while MGGPX is a Global Equities fund tracking the MSCI All Country World Index. Over the past 10 years, BGETX returned 8.69%/yr vs 13.18%/yr for MGGPX. Their correlation of 0.81 suggests significant overlap in exposure. BGETX charges 0.60%/yr vs 1.25%/yr for MGGPX.

Performance

BGETX vs. MGGPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford International Growth Fund (BGETX) and Morgan Stanley Global Opportunity Portfolio Class A (MGGPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGETX achieves a 4.08% return, which is significantly lower than MGGPX's 5.46% return. Over the past 10 years, BGETX has underperformed MGGPX with an annualized return of 8.69%, while MGGPX has yielded a comparatively higher 13.18% annualized return.

BGETX

• 1D: 0.62%
• 1M: 1.68%
• YTD: 4.08%
• 6M: 5.01%
• 1Y: 9.20%
• 3Y*: 10.35%
• 5Y*: -2.39%
• 10Y*: 8.69%

MGGPX

• 1D: 1.86%
• 1M: 9.13%
• YTD: 5.46%
• 6M: -4.35%
• 1Y: -5.16%
• 3Y*: 16.05%
• 5Y*: 2.61%
• 10Y*: 13.18%

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

BGETX vs. MGGPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGETX Baillie Gifford International Growth Fund	4.08%	17.30%	7.78%	14.22%	-34.40%	-9.47%	63.22%	37.37%	-17.30%	43.17%
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	5.46%	0.77%	27.16%	49.29%	-41.77%	-0.05%	55.05%	35.03%	-5.96%	49.03%

Correlation

The correlation between BGETX and MGGPX 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 (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.81

The correlation between BGETX and MGGPX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

BGETX vs. MGGPX — Risk / Return Rank

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

BGETX

BGETX Risk / Return Rank: 6
BGETX Sharpe Ratio Rank: 6
BGETX Sortino Ratio Rank: 6
BGETX Omega Ratio Rank: 6
BGETX Calmar Ratio Rank: 6
BGETX Martin Ratio Rank: 6

MGGPX

MGGPX Risk / Return Rank: 2
MGGPX Sharpe Ratio Rank: 2
MGGPX Sortino Ratio Rank: 2
MGGPX Omega Ratio Rank: 2
MGGPX Calmar Ratio Rank: 2
MGGPX Martin Ratio Rank: 2

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.

BGETX vs. MGGPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Growth Fund (BGETX) and Morgan Stanley Global Opportunity Portfolio Class A (MGGPX). 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.

	BGETX	MGGPX	Difference
Sharpe ratio Return per unit of total volatility	0.51	-0.21	+0.72
Sortino ratio Return per unit of downside risk	0.84	-0.12	+0.97
Omega ratio Gain probability vs. loss probability	1.10	0.98	+0.12
Calmar ratio Return relative to maximum drawdown	0.64	-0.16	+0.80
Martin ratio Return relative to average drawdown	1.86	-0.36	+2.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGETX vs. MGGPX - Sharpe Ratio Comparison

The current BGETX Sharpe Ratio is 0.51, which is higher than the MGGPX Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of BGETX and MGGPX, 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

	BGETX	MGGPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	-0.21	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.10	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.57	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.68	-0.33

Drawdowns

BGETX vs. MGGPX - Drawdown Comparison

The maximum BGETX drawdown since its inception was -54.44%, which is greater than MGGPX's maximum drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for BGETX and MGGPX.

Drawdown Indicators

	BGETX	MGGPX	Difference
Max Drawdown Largest peak-to-trough decline	-54.44%	-51.83%	-2.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.69%	-28.32%	+12.63%
Max Drawdown (3Y) Largest decline over 3 years	-22.59%	-28.32%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	-51.52%	-51.14%	-0.38%
Max Drawdown (10Y) Largest decline over 10 years	-54.44%	-51.83%	-2.61%
Current Drawdown Current decline from peak	-20.66%	-10.95%	-9.71%
Average Drawdown Average peak-to-trough decline	-18.97%	-9.45%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	12.84%	-7.43%

Volatility

BGETX vs. MGGPX - Volatility Comparison

The current volatility for Baillie Gifford International Growth Fund (BGETX) is 4.92%, while Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a volatility of 5.91%. This indicates that BGETX experiences smaller price fluctuations and is considered to be less risky than MGGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGETX	MGGPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	5.91%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	15.97%	19.56%	-3.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.93%	21.97%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.98%	26.08%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.99%	23.09%	+0.90%

BGETX vs. MGGPX - Expense Ratio Comparison

BGETX has a 0.60% expense ratio, which is lower than MGGPX's 1.25% expense ratio.

Dividends

BGETX vs. MGGPX - Dividend Comparison

BGETX's dividend yield for the trailing twelve months is around 5.21%, while MGGPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGETX Baillie Gifford International Growth Fund	5.21%	5.42%	7.29%	0.39%	0.62%	16.03%	10.22%	1.12%	10.73%	0.40%	0.00%	0.00%
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	0.00%	0.00%	9.95%	2.27%	24.31%	5.14%	1.20%	0.00%	0.82%	0.40%	7.23%	1.29%

Frequently Asked Questions

Can I hold both BGETX and MGGPX in my portfolio?

BGETX and MGGPX 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.

Which is riskier, BGETX or MGGPX?

MGGPX has higher volatility (5.91%) compared to BGETX (4.92%). In terms of maximum drawdown, BGETX dropped -54.44% vs MGGPX's -51.83%.

Which has better risk-adjusted returns?

BGETX currently has the higher Sharpe Ratio (0.51 vs -0.21), 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.