BGGSX vs. AIQ

Last updated Jun 4, 2026

BGGSX (Baillie Gifford U.S. Equity Growth Fund) and AIQ (Global X Artificial Intelligence & Technology ETF) are both funds - BGGSX is a Large Cap Growth Equities fund managed by Baillie Gifford Funds, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Over the past 5 years, BGGSX returned -3.41%/yr vs 19.07%/yr for AIQ. Their correlation of 0.82 suggests significant overlap in exposure. BGGSX charges 0.75%/yr vs 0.68%/yr for AIQ.

Performance

BGGSX vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGGSX achieves a -4.80% return, which is significantly lower than AIQ's 35.98% return.

BGGSX

• 1D: -1.77%
• 1M: 4.13%
• YTD: -4.80%
• 6M: -7.13%
• 1Y: -1.10%
• 3Y*: 15.80%
• 5Y*: -3.41%
• 10Y*: —

AIQ

• 1D: -1.40%
• 1M: 21.10%
• YTD: 35.98%
• 6M: 36.15%
• 1Y: 69.19%
• 3Y*: 37.50%
• 5Y*: 19.07%
• 10Y*: —

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

BGGSX vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BGGSX Baillie Gifford U.S. Equity Growth Fund	-4.80%	10.25%	30.44%	45.93%	-52.50%	-11.13%	125.42%	30.00%	-9.75%
AIQ Global X Artificial Intelligence & Technology ETF	35.98%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.03%

Correlation

The correlation between BGGSX and AIQ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 17, 2018	0.82

The correlation between BGGSX and AIQ has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

Return for Risk

BGGSX vs. AIQ — Risk / Return Rank

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

BGGSX

BGGSX Risk / Return Rank: 3
BGGSX Sharpe Ratio Rank: 3
BGGSX Sortino Ratio Rank: 3
BGGSX Omega Ratio Rank: 3
BGGSX Calmar Ratio Rank: 2
BGGSX Martin Ratio Rank: 2

AIQ

AIQ Risk / Return Rank: 81
AIQ Sharpe Ratio Rank: 88
AIQ Sortino Ratio Rank: 81
AIQ Omega Ratio Rank: 80
AIQ Calmar Ratio Rank: 80
AIQ Martin Ratio Rank: 75

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.

BGGSX vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

	BGGSX	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	3.02	-3.04
Sortino ratio: Return per unit of downside risk	0.11	3.70	-3.59
Omega ratio: Gain probability vs. loss probability	1.01	1.49	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.02	4.22	-4.24
Martin ratio: Return relative to average drawdown	-0.05	14.59	-14.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGGSX vs. AIQ - Sharpe Ratio Comparison

The current BGGSX Sharpe Ratio is -0.03, which is lower than the AIQ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of BGGSX and AIQ, 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

	BGGSX	AIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	3.02	-3.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.76	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.84	-0.42

Drawdowns

BGGSX vs. AIQ - Drawdown Comparison

The maximum BGGSX drawdown since its inception was -68.76%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for BGGSX and AIQ.

Drawdown Indicators

	BGGSX	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-68.76%	-44.66%	-24.10%
Max Drawdown (1Y) Largest decline over 1 year	-26.08%	-16.47%	-9.61%
Max Drawdown (3Y) Largest decline over 3 years	-30.87%	-26.35%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-67.71%	-44.66%	-23.05%
Current Drawdown Current decline from peak	-30.41%	-1.40%	-29.01%
Average Drawdown Average peak-to-trough decline	-25.16%	-9.80%	-15.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	4.76%	+7.01%

Volatility

BGGSX vs. AIQ - Volatility Comparison

The current volatility for Baillie Gifford U.S. Equity Growth Fund (BGGSX) is 5.60%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 8.60%. This indicates that BGGSX experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGGSX	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	8.60%	-3.00%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	18.46%	-2.43%
Volatility (1Y) Calculated over the trailing 1-year period	21.43%	23.04%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.17%	25.33%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.17%	25.50%	+6.67%

BGGSX vs. AIQ - Expense Ratio Comparison

BGGSX has a 0.75% expense ratio, which is higher than AIQ's 0.68% expense ratio.

Dividends

BGGSX vs. AIQ - Dividend Comparison

BGGSX has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	0.14%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%
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%

Frequently Asked Questions

Can I hold both BGGSX and AIQ in my portfolio?

BGGSX and AIQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGGSX or AIQ?

AIQ has higher volatility (8.60%) compared to BGGSX (5.60%). In terms of maximum drawdown, BGGSX dropped -68.76% vs AIQ's -44.66%.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (3.02 vs -0.03), 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.