BTLSX vs. FIGSX

Last updated Aug 1, 2026

BTLSX (Baillie Gifford International Concentrated Growth Equities Fund) and FIGSX (Fidelity Series International Growth Fund) are both Foreign Large Cap Equities funds. Their 0.80 correlation means they have sometimes moved together and sometimes differently. BTLSX charges 0.81%/yr vs 0.01%/yr for FIGSX.

Performance

BTLSX vs. FIGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford International Concentrated Growth Equities Fund (BTLSX) and Fidelity Series International Growth Fund (FIGSX). 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*: —

FIGSX

• 1D: 3.82%
• 1M: -2.55%
• 6M: 2.43%
• YTD: 8.01%
• 1Y: 15.72%
• 3Y*: 12.52%
• 5Y*: 5.66%
• 10Y*: 10.10%
• ALL TIME*: 8.76%

*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)
FIGSX Fidelity Series International Growth Fund	$0.00	$0.00	$0.00

BTLSX vs. FIGSX - 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%
FIGSX Fidelity Series International Growth Fund	8.01%	19.12%	5.93%	21.74%	-22.87%	16.61%	18.52%	35.59%	-10.97%	1.96%

Correlation

The correlation between BTLSX and FIGSX is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017	0.80

The correlation between BTLSX and FIGSX shifts across timeframes, from 0.68 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BTLSX vs. FIGSX — 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.

FIGSX

FIGSX Risk / Return Rank: 22
FIGSX Sharpe Ratio Rank: 20
FIGSX Sortino Ratio Rank: 22
FIGSX Omega Ratio Rank: 21
FIGSX Calmar Ratio Rank: 23
FIGSX Martin Ratio Rank: 26

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. FIGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Concentrated Growth Equities Fund (BTLSX) and Fidelity Series International Growth Fund (FIGSX). 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	FIGSX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.70	—
Sortino ratio: Return per unit of downside risk	—	1.13	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	1.04	—
Martin ratio: Return relative to average drawdown	—	3.57	—

Drawdowns

Drawdown Indicators

	BTLSX	FIGSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.47%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.47%	—
Current Drawdown Current decline from peak	—	-4.75%	—
Average Drawdown Average peak-to-trough decline	—	-6.43%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.04%	—

Volatility

Volatility by Period

	BTLSX	FIGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.91%	—

BTLSX vs. FIGSX - Expense Ratio Comparison

BTLSX has a 0.81% expense ratio, which is higher than FIGSX's 0.01% expense ratio.

Dividends

BTLSX vs. FIGSX - Dividend Comparison

BTLSX has not paid dividends to shareholders, while FIGSX's dividend yield for the trailing twelve months is around 8.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
FIGSX Fidelity Series International Growth Fund	8.03%	8.67%	4.29%	1.27%	3.53%	8.33%	16.24%	3.64%	7.47%	3.14%	2.54%	3.54%

Frequently Asked Questions

Can I hold both BTLSX and FIGSX in my portfolio?

BTLSX and FIGSX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.