BGGSX vs. MEIFX
BGGSX (Baillie Gifford U.S. Equity Growth Fund) and MEIFX (Meridian Enhanced Equity Fund) are both Large Cap Growth Equities funds. Over the past 5 years, BGGSX returned -5.95%/yr vs 6.13%/yr for MEIFX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BGGSX charges 0.75%/yr vs 1.20%/yr for MEIFX.
Performance
BGGSX vs. MEIFX - Performance Comparison
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Returns By Period
In the year-to-date period, BGGSX achieves a -3.77% return, which is significantly lower than MEIFX's 8.48% return.
BGGSX
- 1D
- 2.67%
- 1M
- -1.61%
- 6M
- 4.20%
- YTD
- -3.77%
- 1Y
- -9.16%
- 3Y*
- 14.49%
- 5Y*
- -5.95%
- 10Y*
- —
- ALL TIME*
- 13.20%
MEIFX
- 1D
- 0.78%
- 1M
- 3.12%
- 6M
- 7.74%
- YTD
- 8.48%
- 1Y
- 9.32%
- 3Y*
- 11.54%
- 5Y*
- 6.13%
- 10Y*
- 13.76%
- ALL TIME*
- 9.72%
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 |
BGGSX vs. MEIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGGSX Baillie Gifford U.S. Equity Growth Fund | -3.77% | 10.25% | 30.44% | 45.93% | -52.50% | -11.13% | 125.42% | 30.00% | 8.31% | 16.54% |
MEIFX Meridian Enhanced Equity Fund | 8.48% | 6.51% | 13.19% | 18.96% | -16.43% | 15.15% | 26.18% | 44.95% | -0.51% | 21.49% |
Correlation
The correlation between BGGSX and MEIFX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.64 |
The correlation between BGGSX and MEIFX has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
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Return for Risk
BGGSX vs. MEIFX — Risk / Return Rank
BGGSX
MEIFX
BGGSX vs. MEIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Meridian Enhanced Equity Fund (MEIFX). 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.
| BGGSX | MEIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.06 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.50 | 6.38 | -6.89 |
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Drawdowns
BGGSX vs. MEIFX - Drawdown Comparison
The maximum BGGSX drawdown since its inception was -68.76%, which is greater than MEIFX's maximum drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for BGGSX and MEIFX.
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Drawdown Indicators
| BGGSX | MEIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -54.37% | -14.39% |
Max Drawdown (1Y)Largest decline over 1 year | -26.08% | -4.80% | -21.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.87% | -19.30% | -11.57% |
Max Drawdown (5Y)Largest decline over 5 years | -67.64% | -23.54% | -44.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.67% | — |
Current DrawdownCurrent decline from peak | -29.66% | 0.00% | -29.66% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -7.67% | -17.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.18% | 1.55% | +11.63% |
Volatility
BGGSX vs. MEIFX - Volatility Comparison
Baillie Gifford U.S. Equity Growth Fund (BGGSX) has a higher volatility of 6.25% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.38%. This indicates that BGGSX's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGGSX | MEIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 3.38% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 7.46% | +10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.94% | 9.98% | +12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.28% | 15.99% | +19.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.06% | 17.96% | +14.10% |
BGGSX vs. MEIFX - Expense Ratio Comparison
BGGSX has a 0.75% expense ratio, which is lower than MEIFX's 1.20% expense ratio.
Dividends
BGGSX vs. MEIFX - Dividend Comparison
BGGSX has not paid dividends to shareholders, while MEIFX's dividend yield for the trailing twelve months is around 6.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MEIFX Meridian Enhanced Equity Fund | 6.68% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
Frequently Asked Questions
BGGSX and MEIFX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGGSX has higher volatility (6.25%) compared to MEIFX (3.38%). In terms of maximum drawdown, BGGSX dropped -68.76% vs MEIFX's -54.37%.
MEIFX currently has the higher Sharpe Ratio (0.99 vs -0.29), 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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