BGITX vs. TBGVX

Last updated Jun 26, 2026

BGITX (Baillie Gifford International Alpha Fund) and TBGVX (Tweedy, Browne International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, BGITX returned 8.15%/yr vs 8.26%/yr for TBGVX. A 0.72 correlation means they provide meaningful diversification when combined. BGITX charges 0.61%/yr vs 1.40%/yr for TBGVX.

Performance

BGITX vs. TBGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford International Alpha Fund (BGITX) and Tweedy, Browne International Value Fund (TBGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGITX achieves a 6.84% return, which is significantly lower than TBGVX's 10.18% return. Both investments have delivered pretty close results over the past 10 years, with BGITX having a 8.15% annualized return and TBGVX not far ahead at 8.26%.

BGITX

• 1D: 0.48%
• 1M: -1.22%
• YTD: 6.84%
• 6M: 7.01%
• 1Y: 9.67%
• 3Y*: 11.57%
• 5Y*: 1.08%
• 10Y*: 8.15%

TBGVX

• 1D: 0.52%
• 1M: 0.26%
• YTD: 10.18%
• 6M: 10.46%
• 1Y: 19.17%
• 3Y*: 13.60%
• 5Y*: 8.13%
• 10Y*: 8.26%

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

BGITX vs. TBGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGITX Baillie Gifford International Alpha Fund	6.84%	19.51%	5.03%	18.77%	-28.71%	-0.72%	26.59%	32.17%	-16.61%	31.67%
TBGVX Tweedy, Browne International Value Fund	10.18%	23.86%	2.47%	12.48%	-7.52%	15.62%	-1.00%	14.64%	-6.72%	15.03%

Correlation

The correlation between BGITX and TBGVX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.72

The correlation between BGITX and TBGVX shifts across timeframes, from 0.58 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BGITX vs. TBGVX — Risk / Return Rank

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

BGITX

BGITX Risk / Return Rank: 10
BGITX Sharpe Ratio Rank: 9
BGITX Sortino Ratio Rank: 9
BGITX Omega Ratio Rank: 9
BGITX Calmar Ratio Rank: 10
BGITX Martin Ratio Rank: 12

TBGVX

TBGVX Risk / Return Rank: 53
TBGVX Sharpe Ratio Rank: 65
TBGVX Sortino Ratio Rank: 66
TBGVX Omega Ratio Rank: 64
TBGVX Calmar Ratio Rank: 37
TBGVX Martin Ratio Rank: 32

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.

BGITX vs. TBGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Alpha Fund (BGITX) and Tweedy, Browne International Value Fund (TBGVX). 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	TBGVX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.96	-1.42
Sortino ratio: Return per unit of downside risk	0.86	2.78	-1.91
Omega ratio: Gain probability vs. loss probability	1.11	1.36	-0.25
Calmar ratio: Return relative to maximum drawdown	0.72	1.98	-1.26
Martin ratio: Return relative to average drawdown	2.54	6.32	-3.78

BGITX vs. TBGVX - Sharpe Ratio Comparison

The current BGITX Sharpe Ratio is 0.54, which is lower than the TBGVX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BGITX and TBGVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGITX vs. TBGVX - Drawdown Comparison

The maximum BGITX drawdown since its inception was -44.45%, smaller than the maximum TBGVX drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for BGITX and TBGVX.

Drawdown Indicators

	BGITX	TBGVX	Difference
Max Drawdown Largest peak-to-trough decline	-44.45%	-50.97%	+6.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-9.56%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.07%	-11.45%	-6.62%
Max Drawdown (5Y) Largest decline over 5 years	-44.08%	-17.71%	-26.37%
Max Drawdown (10Y) Largest decline over 10 years	-44.45%	-31.18%	-13.27%
Current Drawdown Current decline from peak	-3.90%	-1.43%	-2.47%
Average Drawdown Average peak-to-trough decline	-11.76%	-6.07%	-5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	2.98%	+0.67%

Volatility

BGITX vs. TBGVX - Volatility Comparison

Baillie Gifford International Alpha Fund (BGITX) has a higher volatility of 7.57% compared to Tweedy, Browne International Value Fund (TBGVX) at 2.44%. This indicates that BGITX's price experiences larger fluctuations and is considered to be riskier than TBGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGITX	TBGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	2.44%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	14.74%	7.93%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	9.68%	+7.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.51%	11.12%	+8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	12.59%	+6.49%

BGITX vs. TBGVX - Expense Ratio Comparison

BGITX has a 0.61% expense ratio, which is lower than TBGVX's 1.40% expense ratio.

Dividends

BGITX vs. TBGVX - Dividend Comparison

BGITX's dividend yield for the trailing twelve months is around 11.66%, more than TBGVX's 10.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGITX Baillie Gifford International Alpha Fund	11.66%	12.46%	4.26%	1.25%	1.77%	8.00%	2.28%	5.00%	9.76%	0.99%	0.00%	0.00%
TBGVX Tweedy, Browne International Value Fund	10.99%	12.11%	9.95%	4.55%	5.68%	8.89%	0.94%	1.88%	6.74%	1.10%	3.16%	4.94%

Frequently Asked Questions

Can I hold both BGITX and TBGVX in my portfolio?

BGITX and TBGVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGITX or TBGVX?

BGITX has higher volatility (7.57%) compared to TBGVX (2.44%). In terms of maximum drawdown, BGITX dropped -44.45% vs TBGVX's -50.97%.

Which has better risk-adjusted returns?

TBGVX currently has the higher Sharpe Ratio (1.96 vs 0.54), 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.