BGLTX vs. SPY
Compare and contrast key facts about Baillie Gifford Long Term Global Growth Fund (BGLTX) and SPDR S&P 500 ETF (SPY).
BGLTX is managed by Baillie Gifford Funds. It was launched on Jun 9, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGLTX or SPY.
Key characteristics
| BGLTX | SPY | |
|---|---|---|
| YTD Return | 11.53% | 11.74% |
| 1Y Return | 29.35% | 28.12% |
| 3Y Return (Ann) | -4.46% | 10.36% |
| 5Y Return (Ann) | 14.60% | 14.97% |
| Sharpe Ratio | 1.43 | 2.56 |
| Daily Std Dev | 21.59% | 11.48% |
| Max Drawdown | -56.56% | -55.19% |
| Current Drawdown | -28.76% | -0.06% |
Correlation
The correlation between BGLTX and SPY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BGLTX vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with BGLTX having a 11.53% return and SPY slightly higher at 11.74%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGLTX vs. SPY - Expense Ratio Comparison
BGLTX has a 0.73% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BGLTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Long Term Global Growth Fund (BGLTX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BGLTX vs. SPY - Dividend Comparison
BGLTX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGLTX Baillie Gifford Long Term Global Growth Fund | 0.00% | 0.00% | 3.84% | 5.15% | 8.39% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BGLTX vs. SPY - Drawdown Comparison
The maximum BGLTX drawdown since its inception was -56.56%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BGLTX and SPY. For additional features, visit the drawdowns tool.
Volatility
BGLTX vs. SPY - Volatility Comparison
Baillie Gifford Long Term Global Growth Fund (BGLTX) has a higher volatility of 6.78% compared to SPDR S&P 500 ETF (SPY) at 3.37%. This indicates that BGLTX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.