BTLSX vs. DCINX

Last updated Aug 1, 2026

BTLSX (Baillie Gifford International Concentrated Growth Equities Fund) and DCINX (Dunham International Stock Fund) are both Foreign Large Cap Equities funds. Their 0.72 correlation means they have sometimes moved together and sometimes differently. BTLSX charges 0.81%/yr vs 2.92%/yr for DCINX.

Performance

BTLSX vs. DCINX - Performance Comparison

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

Returns By Period

BTLSX

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

DCINX

• 1D: 2.47%
• 1M: 0.37%
• 6M: 13.10%
• YTD: 23.03%
• 1Y: 44.20%
• 3Y*: 26.01%
• 5Y*: 13.91%
• 10Y*: 12.22%
• ALL TIME*: 6.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DCINX Dunham International Stock Fund	$0.00	$0.00	$0.00

BTLSX vs. DCINX - 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%
DCINX Dunham International Stock Fund	23.03%	46.37%	7.65%	15.98%	-14.67%	9.70%	19.86%	18.14%	-14.27%	1.81%

Correlation

The correlation between BTLSX and DCINX is 0.61, 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.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017	0.72

The correlation between BTLSX and DCINX shifts across timeframes, from 0.61 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BTLSX vs. DCINX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTLSX

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

DCINX

DCINX Risk / Return Rank: 89
DCINX Sharpe Ratio Rank: 92
DCINX Sortino Ratio Rank: 85
DCINX Omega Ratio Rank: 85
DCINX Calmar Ratio Rank: 92
DCINX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTLSX vs. DCINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Concentrated Growth Equities Fund (BTLSX) and Dunham International Stock Fund (DCINX). 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	DCINX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	3.06	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.57	—
Martin ratio: Return relative to average drawdown	—	13.03	—

Drawdowns

Drawdown Indicators

	BTLSX	DCINX	Difference
Max Drawdown Largest peak-to-trough decline	—	-61.79%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.28%	—
Current Drawdown Current decline from peak	—	-3.21%	—
Average Drawdown Average peak-to-trough decline	—	-12.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.26%	—

Volatility

Volatility by Period

	BTLSX	DCINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.06%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.53%	—

BTLSX vs. DCINX - Expense Ratio Comparison

BTLSX has a 0.81% expense ratio, which is lower than DCINX's 2.92% expense ratio.

Dividends

BTLSX vs. DCINX - Dividend Comparison

BTLSX has not paid dividends to shareholders, while DCINX's dividend yield for the trailing twelve months is around 8.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DCINX Dunham International Stock Fund	8.90%	10.95%	13.87%	3.45%	3.53%	15.49%	1.36%	1.54%	6.92%	3.92%

Frequently Asked Questions

Can I hold both BTLSX and DCINX in my portfolio?

BTLSX and DCINX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.