BGLTX vs. BTLSX
BGLTX (Baillie Gifford Long Term Global Growth Fund) and BTLSX (Baillie Gifford International Concentrated Growth Equities Fund) are both mutual funds - BGLTX is a Global Equities fund managed by Baillie Gifford Funds, while BTLSX is a Foreign Large Cap Equities fund managed by Baillie Gifford Funds. Over the past 5 years, BGLTX returned -1.29%/yr vs -2.81%/yr for BTLSX. Their correlation of 0.87 suggests significant overlap in exposure. BGLTX charges 0.73%/yr vs 0.81%/yr for BTLSX.
Performance
BGLTX vs. BTLSX - Performance Comparison
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Returns By Period
In the year-to-date period, BGLTX achieves a -11.38% return, which is significantly lower than BTLSX's -7.50% return.
BGLTX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -11.38%
- 6M
- -12.42%
- 1Y
- -5.54%
- 3Y*
- 12.32%
- 5Y*
- -1.29%
- 10Y*
- 14.94%
BTLSX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -7.50%
- 6M
- -7.18%
- 1Y
- -7.71%
- 3Y*
- 8.52%
- 5Y*
- -2.81%
- 10Y*
- —
BGLTX vs. BTLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGLTX Baillie Gifford Long Term Global Growth Fund | -11.38% | 16.38% | 25.03% | 36.61% | -46.09% | 2.47% | 102.05% | 33.53% | -1.37% | -0.57% |
BTLSX Baillie Gifford International Concentrated Growth Equities Fund | -7.50% | 16.56% | 18.34% | 14.75% | -39.64% | 0.71% | 100.15% | 45.32% | -13.23% | -0.69% |
Correlation
The correlation between BGLTX and BTLSX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017 | 0.87 |
The correlation between BGLTX and BTLSX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
BGLTX vs. BTLSX — Risk / Return Rank
BGLTX
BTLSX
BGLTX vs. BTLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Long Term Global Growth Fund (BGLTX) and Baillie Gifford International Concentrated Growth Equities Fund (BTLSX). 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.
| BGLTX | BTLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.94 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.39 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.55 | -0.91 | +0.35 |
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Drawdowns
BGLTX vs. BTLSX - Drawdown Comparison
The maximum BGLTX drawdown since its inception was -70.17%, which is greater than BTLSX's maximum drawdown of -56.26%. Use the drawdown chart below to compare losses from any high point for BGLTX and BTLSX.
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Drawdown Indicators
| BGLTX | BTLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.17% | -56.26% | -13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -21.66% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -27.28% | -25.32% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -70.17% | -55.86% | -14.31% |
Max Drawdown (10Y)Largest decline over 10 years | -70.17% | — | — |
Current DrawdownCurrent decline from peak | -18.45% | -24.08% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -20.64% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 9.35% | +1.90% |
Volatility
BGLTX vs. BTLSX - Volatility Comparison
The current volatility for Baillie Gifford Long Term Global Growth Fund (BGLTX) is 3.60%, while Baillie Gifford International Concentrated Growth Equities Fund (BTLSX) has a volatility of 3.86%. This indicates that BGLTX experiences smaller price fluctuations and is considered to be less risky than BTLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGLTX | BTLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.86% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 15.70% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 20.01% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.82% | 29.12% | +38.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.04% | 28.38% | +22.66% |
BGLTX vs. BTLSX - Expense Ratio Comparison
BGLTX has a 0.73% expense ratio, which is lower than BTLSX's 0.81% expense ratio.
Dividends
BGLTX vs. BTLSX - Dividend Comparison
Neither BGLTX nor BTLSX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BGLTX Baillie Gifford Long Term Global Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 5.15% | 8.39% | 0.15% | 10.07% |
BTLSX Baillie Gifford International Concentrated Growth Equities Fund | 0.00% | 0.00% | 0.00% | 0.00% | 6.18% | 25.27% | 102.72% | 0.17% | 0.00% |
Frequently Asked Questions
BGLTX and BTLSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTLSX has higher volatility (3.86%) compared to BGLTX (3.60%). In terms of maximum drawdown, BGLTX dropped -70.17% vs BTLSX's -56.26%.
BGLTX currently has the higher Sharpe Ratio (-0.31 vs -0.43), 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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