BTLSX vs. GSIMX

Last updated Jul 14, 2026

BTLSX (Baillie Gifford International Concentrated Growth Equities Fund) and GSIMX (Goldman Sachs GQG Partners International Opportunities Fund) are both Foreign Large Cap Equities funds. A 0.70 correlation means they provide meaningful diversification when combined. BTLSX charges 0.81%/yr vs 0.76%/yr for GSIMX.

Performance

BTLSX vs. GSIMX - Performance Comparison

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

Returns By Period

BTLSX

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

GSIMX

• 1D: 0.08%
• 1M: -1.58%
• 6M: 4.91%
• YTD: 5.47%
• 1Y: 10.47%
• 3Y*: 16.09%
• 5Y*: 8.93%
• 10Y*: —

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

BTLSX vs. GSIMX - 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%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	5.47%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	1.41%

Correlation

The correlation between BTLSX and GSIMX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017	0.70

Over the past year, the correlation between BTLSX and GSIMX has dropped to 0.29 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

BTLSX vs. GSIMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

GSIMX

GSIMX Risk / Return Rank: 21
GSIMX Sharpe Ratio Rank: 22
GSIMX Sortino Ratio Rank: 20
GSIMX Omega Ratio Rank: 22
GSIMX Calmar Ratio Rank: 22
GSIMX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTLSX vs. GSIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Concentrated Growth Equities Fund (BTLSX) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). 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	GSIMX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.00	—
Sortino ratio: Return per unit of downside risk	—	1.42	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.28	—
Martin ratio: Return relative to average drawdown	—	3.60	—

Drawdowns

Drawdown Indicators

	BTLSX	GSIMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.84%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.37%	—
Current Drawdown Current decline from peak	—	-4.59%	—
Average Drawdown Average peak-to-trough decline	—	-4.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.76%	—

Volatility

Volatility by Period

	BTLSX	GSIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.97%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.32%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.65%	—

BTLSX vs. GSIMX - Expense Ratio Comparison

BTLSX has a 0.81% expense ratio, which is higher than GSIMX's 0.76% expense ratio.

Dividends

BTLSX vs. GSIMX - Dividend Comparison

BTLSX has not paid dividends to shareholders, while GSIMX's dividend yield for the trailing twelve months is around 4.85%.

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%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.85%	5.12%	11.18%	2.36%	4.89%	2.23%	0.18%	0.65%	0.53%	0.16%

Frequently Asked Questions

Can I hold both BTLSX and GSIMX in my portfolio?

BTLSX and GSIMX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.