BGITX vs. BGELX
BGITX (Baillie Gifford International Alpha Fund) and BGELX (Baillie Gifford Emerging Markets Equities Fund) are both mutual funds - BGITX is a Foreign Large Cap Equities fund managed by Baillie Gifford, while BGELX is a Emerging Markets Equities fund managed by Baillie Gifford. Over the past 5 years, BGITX returned 1.78%/yr vs 7.72%/yr for BGELX. Their correlation of 0.82 means they have usually moved in the same direction. BGITX charges 0.61%/yr vs 0.76%/yr for BGELX.
Performance
BGITX vs. BGELX - Performance Comparison
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Returns By Period
In the year-to-date period, BGITX achieves a 8.90% return, which is significantly lower than BGELX's 25.68% return.
BGITX
- 1D
- 0.34%
- 1M
- 1.65%
- 6M
- 6.25%
- YTD
- 8.90%
- 1Y
- 12.31%
- 3Y*
- 12.77%
- 5Y*
- 1.78%
- 10Y*
- 7.29%
- ALL TIME*
- 7.79%
BGELX
- 1D
- 1.10%
- 1M
- 8.59%
- 6M
- 12.23%
- YTD
- 25.68%
- 1Y
- 49.55%
- 3Y*
- 23.67%
- 5Y*
- 7.72%
- 10Y*
- —
- ALL TIME*
- 12.38%
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 |
BGITX vs. BGELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGITX Baillie Gifford International Alpha Fund | 8.90% | 19.51% | 5.03% | 18.77% | -28.71% | -0.72% | 26.59% | 32.17% | -16.61% | 31.67% |
BGELX Baillie Gifford Emerging Markets Equities Fund | 25.68% | 40.75% | 6.04% | 14.42% | -26.46% | -8.93% | 29.66% | 28.10% | -14.87% | 50.50% |
Correlation
The correlation between BGITX and BGELX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.82 |
The correlation between BGITX and BGELX shifts across timeframes, from 0.66 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BGITX vs. BGELX — Risk / Return Rank
BGITX
BGELX
BGITX vs. BGELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Alpha Fund (BGITX) 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.
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.
| BGITX | BGELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.53 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.65 | -2.57 |
| Martin ratioReturn relative to average drawdown | 3.68 | 13.73 | -10.05 |
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Drawdowns
BGITX vs. BGELX - Drawdown Comparison
The maximum BGITX drawdown since its inception was -44.45%, smaller than the maximum BGELX drawdown of -50.47%. Use the drawdown chart below to compare losses from any high point for BGITX and BGELX.
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Drawdown Indicators
| BGITX | BGELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -50.47% | +6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -14.91% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -19.74% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -44.08% | -42.63% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -44.45% | — | — |
Current DrawdownCurrent decline from peak | -2.05% | -0.82% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -18.29% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.92% | -0.15% |
Volatility
BGITX vs. BGELX - Volatility Comparison
The current volatility for Baillie Gifford International Alpha Fund (BGITX) is 5.04%, while Baillie Gifford Emerging Markets Equities Fund (BGELX) has a volatility of 13.32%. This indicates that BGITX 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.
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Volatility by Period
| BGITX | BGELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 13.32% | -8.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 19.87% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 23.02% | -5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 21.69% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 21.91% | -2.87% |
BGITX vs. BGELX - Expense Ratio Comparison
BGITX has a 0.61% expense ratio, which is lower than BGELX's 0.76% expense ratio.
Dividends
BGITX vs. BGELX - Dividend Comparison
BGITX's dividend yield for the trailing twelve months is around 11.44%, more than BGELX's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BGELX Baillie Gifford Emerging Markets Equities Fund | 1.34% | 1.68% | 3.52% | 4.02% | 5.46% | 3.08% | 1.31% | 3.90% | 10.14% | 1.16% |
BGITX Baillie Gifford International Alpha Fund | 11.44% | 12.46% | 4.26% | 1.25% | 1.77% | 8.00% | 2.28% | 5.00% | 9.76% | 0.99% |
Frequently Asked Questions
BGITX and BGELX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGELX has higher volatility (13.32%) compared to BGITX (5.04%). In terms of maximum drawdown, BGITX dropped -44.45% vs BGELX's -50.47%.
BGELX currently has the higher Sharpe Ratio (2.37 vs 0.79), 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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