BSGLX vs. BTLSX

Last updated Jul 14, 2026

BSGLX (Baillie Gifford Long Term Global Growth Fund Class I) and BTLSX (Baillie Gifford International Concentrated Growth Equities Fund) are both mutual funds - BSGLX is a Large Cap Growth Equities fund managed by Baillie Gifford Funds, while BTLSX is a Foreign Large Cap Equities fund managed by Baillie Gifford Funds. Their correlation of 0.92 suggests significant overlap in exposure. BSGLX charges 0.80%/yr vs 0.81%/yr for BTLSX.

Performance

BSGLX vs. BTLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford Long Term Global Growth Fund Class I (BSGLX) and Baillie Gifford International Concentrated Growth Equities Fund (BTLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSGLX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTLSX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSGLX vs. BTLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSGLX Baillie Gifford Long Term Global Growth Fund Class I	-11.43%	16.26%	24.92%	36.43%	-46.11%	2.37%	101.90%	33.40%	-1.42%	-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 BSGLX 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	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017	0.92

The correlation between BSGLX and BTLSX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

BSGLX vs. BTLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford Long Term Global Growth Fund Class I (BSGLX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

BSGLX vs. BTLSX - Expense Ratio Comparison

BSGLX has a 0.80% expense ratio, which is lower than BTLSX's 0.81% expense ratio.

Dividends

BSGLX vs. BTLSX - Dividend Comparison

Neither BSGLX nor BTLSX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSGLX Baillie Gifford Long Term Global Growth Fund Class I	0.00%	0.00%	0.00%	0.00%	3.85%	5.17%	8.40%	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

Can I hold both BSGLX and BTLSX in my portfolio?

BSGLX 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.