BGGSX vs. BGELX

Last updated Apr 2, 2026

Compare and contrast key facts about Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Baillie Gifford Emerging Markets Equities Fund (BGELX).

BGGSX is managed by Baillie Gifford Funds. It was launched on Apr 28, 2017. BGELX is managed by Baillie Gifford Funds. It was launched on Apr 3, 2003.

Performance

BGGSX vs. BGELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Baillie Gifford Emerging Markets Equities Fund (BGELX). The values are adjusted to include any dividend payments, if applicable.

BGGSX vs. BGELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGGSX Baillie Gifford U.S. Equity Growth Fund	-15.13%	10.25%	30.44%	45.93%	-52.50%	-11.13%	125.42%	30.00%	8.31%	16.54%
BGELX Baillie Gifford Emerging Markets Equities Fund	4.16%	40.75%	6.04%	14.42%	-26.46%	-8.93%	29.66%	28.10%	-14.87%	26.66%

Returns By Period

In the year-to-date period, BGGSX achieves a -15.13% return, which is significantly lower than BGELX's 4.16% return.

BGGSX

• 1D: 4.30%
• 1M: -4.77%
• YTD: -15.13%
• 6M: -20.98%
• 1Y: 2.40%
• 3Y*: 14.90%
• 5Y*: -5.84%
• 10Y*: —

BGELX

• 1D: 3.54%
• 1M: -10.46%
• YTD: 4.16%
• 6M: 9.36%
• 1Y: 39.30%
• 3Y*: 18.33%
• 5Y*: 3.33%
• 10Y*: —

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

BGGSX vs. BGELX - Expense Ratio Comparison

BGGSX has a 0.75% expense ratio, which is lower than BGELX's 0.76% expense ratio.

BGELX

Baillie Gifford Emerging Markets Equities Fund

BGGSX

Baillie Gifford U.S. Equity Growth Fund

Return for Risk

BGGSX vs. BGELX — Risk / Return Rank

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

BGGSX

BGGSX Risk / Return Rank: 7
BGGSX Sharpe Ratio Rank: 6
BGGSX Sortino Ratio Rank: 7
BGGSX Omega Ratio Rank: 7
BGGSX Calmar Ratio Rank: 6
BGGSX Martin Ratio Rank: 6

BGELX

BGELX Risk / Return Rank: 86
BGELX Sharpe Ratio Rank: 87
BGELX Sortino Ratio Rank: 83
BGELX Omega Ratio Rank: 84
BGELX Calmar Ratio Rank: 89
BGELX Martin Ratio Rank: 88

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. BGELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Baillie Gifford Emerging Markets Equities Fund (BGELX). 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	BGELX	Difference
Sharpe ratio Return per unit of total volatility	0.12	1.81	-1.69
Sortino ratio Return per unit of downside risk	0.38	2.31	-1.93
Omega ratio Gain probability vs. loss probability	1.05	1.36	-0.31
Calmar ratio Return relative to maximum drawdown	0.09	2.62	-2.53
Martin ratio Return relative to average drawdown	0.25	10.09	-9.85
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. BGELX - Sharpe Ratio Comparison

The current BGGSX Sharpe Ratio is 0.12, which is lower than the BGELX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of BGGSX and BGELX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BGGSX	BGELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	1.81	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.16	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.49	-0.11

Correlation

The correlation between BGGSX and BGELX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BGGSX vs. BGELX - Dividend Comparison

BGGSX has not paid dividends to shareholders, while BGELX's dividend yield for the trailing twelve months is around 1.62%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
BGELX Baillie Gifford Emerging Markets Equities Fund	1.62%	1.68%	3.52%	4.02%	5.46%	3.08%	1.31%	3.90%	10.14%	1.16%

Drawdowns

BGGSX vs. BGELX - Drawdown Comparison

The maximum BGGSX drawdown since its inception was -68.76%, which is greater than BGELX's maximum drawdown of -50.47%. Use the drawdown chart below to compare losses from any high point for BGGSX and BGELX.

Drawdown Indicators

	BGGSX	BGELX	Difference
Max Drawdown Largest peak-to-trough decline	-68.76%	-50.47%	-18.29%
Max Drawdown (1Y) Largest decline over 1 year	-26.08%	-14.91%	-11.17%
Max Drawdown (5Y) Largest decline over 5 years	-67.71%	-45.88%	-21.83%
Current Drawdown Current decline from peak	-37.96%	-11.90%	-26.06%
Average Drawdown Average peak-to-trough decline	-25.00%	-18.81%	-6.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.41%	3.87%	+5.54%

Volatility

BGGSX vs. BGELX - Volatility Comparison

The current volatility for Baillie Gifford U.S. Equity Growth Fund (BGGSX) is 8.47%, while Baillie Gifford Emerging Markets Equities Fund (BGELX) has a volatility of 11.52%. This indicates that BGGSX experiences smaller price fluctuations and is considered to be less risky than BGELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGGSX	BGELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	11.52%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	16.92%	16.70%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	28.89%	22.24%	+6.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.39%	21.07%	+14.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.35%	21.75%	+10.60%