BTLSX vs. BGELX
BTLSX (Baillie Gifford International Concentrated Growth Equities Fund) and BGELX (Baillie Gifford Emerging Markets Equities Fund) are both mutual funds - BTLSX is a Foreign Large Cap Equities fund managed by Baillie Gifford, while BGELX is a Emerging Markets Equities fund managed by Baillie Gifford. Their 0.75 correlation means they have sometimes moved together and sometimes differently. BTLSX charges 0.81%/yr vs 0.76%/yr for BGELX.
Performance
BTLSX vs. BGELX - Performance Comparison
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Returns By Period
BTLSX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BGELX
- 1D
- 1.10%
- 1M
- 8.59%
- 6M
- 12.23%
- YTD
- 25.68%
- 1Y
- 49.55%
- 3Y*
- 23.67%
- 5Y*
- 7.72%
- 10Y*
- —
- ALL TIME*
- 12.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 |
BTLSX vs. BGELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BGELX Baillie Gifford Emerging Markets Equities Fund | 25.68% | 40.75% | 6.04% | 14.42% | -26.46% | -8.93% | 29.66% | 28.10% | -14.87% | 1.65% |
Correlation
The correlation between BTLSX and BGELX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017 | 0.75 |
The correlation between BTLSX and BGELX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
BTLSX vs. BGELX — Risk / Return Rank
BTLSX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BGELX
BTLSX vs. BGELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Concentrated Growth Equities Fund (BTLSX) and Baillie Gifford Emerging Markets Equities Fund (BGELX). 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.
| BTLSX | BGELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.53 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.65 | — |
| Martin ratioReturn relative to average drawdown | — | 13.73 | — |
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Drawdowns
BTLSX vs. BGELX - Drawdown Comparison
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Drawdown Indicators
| BTLSX | BGELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -50.47% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.63% | — |
Current DrawdownCurrent decline from peak | — | -0.82% | — |
Average DrawdownAverage peak-to-trough decline | — | -18.29% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.92% | — |
Volatility
BTLSX vs. BGELX - Volatility Comparison
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Volatility by Period
| BTLSX | BGELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 23.02% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 21.69% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 21.91% | — |
BTLSX vs. BGELX - Expense Ratio Comparison
BTLSX has a 0.81% expense ratio, which is higher than BGELX's 0.76% expense ratio.
Dividends
BTLSX vs. BGELX - Dividend Comparison
BTLSX has not paid dividends to shareholders, while BGELX's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BGELX Baillie Gifford Emerging Markets Equities Fund | 1.34% | 1.68% | 3.52% | 4.02% | 5.46% | 3.08% | 1.31% | 3.90% | 10.14% | 1.16% |
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% | 0.00% |
Frequently Asked Questions
BTLSX and BGELX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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