BGLTX vs. GLIFX
BGLTX (Baillie Gifford Long Term Global Growth Fund) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 10 years, BGLTX returned 14.94%/yr vs 10.23%/yr for GLIFX. At a 0.31 correlation, their price movements are largely independent. BGLTX charges 0.73%/yr vs 0.97%/yr for GLIFX.
Performance
BGLTX vs. GLIFX - 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 GLIFX's 7.33% return. Over the past 10 years, BGLTX has outperformed GLIFX with an annualized return of 14.94%, while GLIFX has yielded a comparatively lower 10.23% annualized return.
BGLTX
- 1D
- 0.00%
- 1M
- -1.55%
- YTD
- -11.38%
- 6M
- -12.36%
- 1Y
- -6.19%
- 3Y*
- 12.32%
- 5Y*
- -0.95%
- 10Y*
- 14.94%
GLIFX
- 1D
- -0.51%
- 1M
- -1.97%
- YTD
- 7.33%
- 6M
- 7.56%
- 1Y
- 15.45%
- 3Y*
- 13.91%
- 5Y*
- 11.29%
- 10Y*
- 10.23%
BGLTX vs. GLIFX - 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% | 54.04% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.33% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between BGLTX and GLIFX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.31 |
Over the past year, the correlation between BGLTX and GLIFX has dropped to 0.04 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
BGLTX vs. GLIFX — Risk / Return Rank
BGLTX
GLIFX
BGLTX vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Long Term Global Growth Fund (BGLTX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.
| BGLTX | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.74 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.53 | 5.88 | -6.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGLTX | GLIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 1.46 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 1.03 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.77 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.84 | -0.56 |
Drawdowns
BGLTX vs. GLIFX - Drawdown Comparison
The maximum BGLTX drawdown since its inception was -70.17%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for BGLTX and GLIFX.
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Drawdown Indicators
| BGLTX | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.17% | -29.65% | -40.52% |
Max Drawdown (1Y)Largest decline over 1 year | -25.64% | -9.00% | -16.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.28% | -10.02% | -17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -70.17% | -17.15% | -53.02% |
Max Drawdown (10Y)Largest decline over 10 years | -70.17% | -29.65% | -40.52% |
Current DrawdownCurrent decline from peak | -18.45% | -5.79% | -12.66% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -3.36% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.19% | 2.66% | +8.53% |
Volatility
BGLTX vs. GLIFX - Volatility Comparison
The current volatility for Baillie Gifford Long Term Global Growth Fund (BGLTX) is 3.65%, while Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) has a volatility of 4.53%. This indicates that BGLTX experiences smaller price fluctuations and is considered to be less risky than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGLTX | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 4.53% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 9.30% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.51% | 10.72% | +9.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.82% | 10.99% | +56.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.05% | 13.33% | +37.72% |
BGLTX vs. GLIFX - Expense Ratio Comparison
BGLTX has a 0.73% expense ratio, which is lower than GLIFX's 0.97% expense ratio.
Dividends
BGLTX vs. GLIFX - Dividend Comparison
BGLTX has not paid dividends to shareholders, while GLIFX's dividend yield for the trailing twelve months is around 6.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
Frequently Asked Questions
BGLTX and GLIFX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIFX has higher volatility (4.53%) compared to BGLTX (3.65%). In terms of maximum drawdown, BGLTX dropped -70.17% vs GLIFX's -29.65%.
GLIFX currently has the higher Sharpe Ratio (1.46 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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