BGIA vs. SPDW
BGIA (Baillie Gifford International Alpha ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. BGIA is actively managed, while SPDW is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. BGIA charges 0.59%/yr vs 0.04%/yr for SPDW.
Performance
BGIA vs. SPDW - Performance Comparison
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Returns By Period
BGIA
- 1D
- -1.21%
- 1M
- -0.58%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPDW
- 1D
- -0.92%
- 1M
- -0.32%
- 6M
- 8.06%
- YTD
- 12.92%
- 1Y
- 22.78%
- 3Y*
- 17.61%
- 5Y*
- 9.47%
- 10Y*
- 9.99%
- ALL TIME*
- 5.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.94M | $11.87M | $7.13M | |
| $153.42M | $164.18M | $165.07M |
BGIA vs. SPDW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BGIA Baillie Gifford International Alpha ETF | -3.99% |
SPDW SPDR Portfolio World ex-US ETF | -2.66% |
Correlation
The correlation between BGIA and SPDW is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | 0.93 |
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Return for Risk
BGIA vs. SPDW — Risk / Return Rank
BGIA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPDW
BGIA vs. SPDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Alpha ETF (BGIA) and SPDR Portfolio World ex-US ETF (SPDW). 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.
| BGIA | SPDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.98 | — |
| Martin ratioReturn relative to average drawdown | — | 7.50 | — |
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Drawdowns
BGIA vs. SPDW - Drawdown Comparison
The maximum BGIA drawdown since its inception was -4.88%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for BGIA and SPDW.
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Drawdown Indicators
| BGIA | SPDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.88% | -60.02% | +55.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -4.68% | -3.30% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -12.83% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.07% | — |
Volatility
BGIA vs. SPDW - Volatility Comparison
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Volatility by Period
| BGIA | SPDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.47% | 17.02% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 16.72% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 17.10% | +5.37% |
BGIA vs. SPDW - Expense Ratio Comparison
BGIA has a 0.59% expense ratio, which is higher than SPDW's 0.04% expense ratio.
Dividends
BGIA vs. SPDW - Dividend Comparison
BGIA has not paid dividends to shareholders, while SPDW's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGIA Baillie Gifford International Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDW SPDR Portfolio World ex-US ETF | 3.07% | 3.30% | 3.19% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.78% |
Frequently Asked Questions
With a correlation of 0.93, BGIA and SPDW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPDW is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPDW is cheaper with a 0.04% expense ratio, compared with 0.59% for BGIA.
SPDW has the higher dividend yield at 3.07%, compared with 0.00% for BGIA.
They also come from different issuers: Baillie Gifford and State Street. Their fees differ too: 0.59% for BGIA and 0.04% for SPDW.
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