CHILX vs. BGCBX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock China A Opportunities Fund (CHILX) and Baillie Gifford China Equities Fund (BGCBX).

CHILX is managed by BlackRock. It was launched on Dec 26, 2018. BGCBX is managed by Baillie Gifford Funds. It was launched on Jul 6, 2021.

Performance

CHILX vs. BGCBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock China A Opportunities Fund (CHILX) and Baillie Gifford China Equities Fund (BGCBX). The values are adjusted to include any dividend payments, if applicable.

CHILX vs. BGCBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CHILX BlackRock China A Opportunities Fund	0.13%	26.30%	15.44%	-12.29%	-28.54%	-0.10%
BGCBX Baillie Gifford China Equities Fund	-6.09%	36.51%	9.74%	-18.00%	-28.56%	-17.30%

Returns By Period

In the year-to-date period, CHILX achieves a 0.13% return, which is significantly higher than BGCBX's -6.09% return.

CHILX

• 1D: 1.14%
• 1M: -5.75%
• YTD: 0.13%
• 6M: 1.86%
• 1Y: 23.88%
• 3Y*: 6.30%
• 5Y*: -0.62%
• 10Y*: —

BGCBX

• 1D: 1.41%
• 1M: -6.36%
• YTD: -6.09%
• 6M: -11.53%
• 1Y: 10.26%
• 3Y*: 4.12%
• 5Y*: —
• 10Y*: —

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

CHILX vs. BGCBX - Expense Ratio Comparison

CHILX has a 0.99% expense ratio, which is higher than BGCBX's 0.96% expense ratio.

CHILX

BlackRock China A Opportunities Fund

BGCBX

Baillie Gifford China Equities Fund

Return for Risk

CHILX vs. BGCBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHILX

CHILX Risk / Return Rank: 69
CHILX Sharpe Ratio Rank: 71
CHILX Sortino Ratio Rank: 67
CHILX Omega Ratio Rank: 63
CHILX Calmar Ratio Rank: 73
CHILX Martin Ratio Rank: 71

BGCBX

BGCBX Risk / Return Rank: 13
BGCBX Sharpe Ratio Rank: 14
BGCBX Sortino Ratio Rank: 13
BGCBX Omega Ratio Rank: 13
BGCBX Calmar Ratio Rank: 14
BGCBX Martin Ratio Rank: 14

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.

CHILX vs. BGCBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock China A Opportunities Fund (CHILX) and Baillie Gifford China Equities Fund (BGCBX). 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.

	CHILX	BGCBX	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.50	+0.83
Sortino ratio Return per unit of downside risk	1.77	0.79	+0.98
Omega ratio Gain probability vs. loss probability	1.25	1.11	+0.14
Calmar ratio Return relative to maximum drawdown	1.81	0.63	+1.18
Martin ratio Return relative to average drawdown	7.17	2.02	+5.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHILX vs. BGCBX - Sharpe Ratio Comparison

The current CHILX Sharpe Ratio is 1.33, which is higher than the BGCBX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of CHILX and BGCBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CHILX	BGCBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.50	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	-0.29	+0.78

Correlation

The correlation between CHILX and BGCBX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CHILX vs. BGCBX - Dividend Comparison

CHILX's dividend yield for the trailing twelve months is around 2.93%, more than BGCBX's 0.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CHILX BlackRock China A Opportunities Fund	2.93%	2.94%	2.11%	2.02%	0.92%	1.19%	3.64%	12.77%
BGCBX Baillie Gifford China Equities Fund	0.97%	0.91%	2.03%	1.50%	0.66%	0.00%	0.00%	0.00%

Drawdowns

CHILX vs. BGCBX - Drawdown Comparison

The maximum CHILX drawdown since its inception was -47.73%, smaller than the maximum BGCBX drawdown of -59.07%. Use the drawdown chart below to compare losses from any high point for CHILX and BGCBX.

Drawdown Indicators

	CHILX	BGCBX	Difference
Max Drawdown Largest peak-to-trough decline	-47.73%	-59.07%	+11.34%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	-15.88%	+4.37%
Max Drawdown (5Y) Largest decline over 5 years	-43.95%	—	—
Current Drawdown Current decline from peak	-16.23%	-32.77%	+16.54%
Average Drawdown Average peak-to-trough decline	-20.75%	-38.61%	+17.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	4.98%	-1.84%

Volatility

CHILX vs. BGCBX - Volatility Comparison

The current volatility for BlackRock China A Opportunities Fund (CHILX) is 5.77%, while Baillie Gifford China Equities Fund (BGCBX) has a volatility of 6.29%. This indicates that CHILX experiences smaller price fluctuations and is considered to be less risky than BGCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHILX	BGCBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	6.29%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	13.14%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	21.42%	-4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.15%	27.29%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	27.29%	-5.42%