DBLSX vs. BGELX

Last updated Aug 4, 2026

DBLSX (DoubleLine Low Duration Bond Fund) and BGELX (Baillie Gifford Emerging Markets Equities Fund) are both mutual funds - DBLSX is a Short-Term Bond fund managed by DoubleLine, while BGELX is a Emerging Markets Equities fund managed by Baillie Gifford. Over the past 5 years, DBLSX returned 3.12%/yr vs 7.84%/yr for BGELX. Their 0.04 correlation means their historical movements had little consistent relationship. DBLSX charges 0.41%/yr vs 0.76%/yr for BGELX.

Performance

DBLSX vs. BGELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Low Duration Bond Fund (DBLSX) and Baillie Gifford Emerging Markets Equities Fund (BGELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBLSX achieves a 1.02% return, which is significantly lower than BGELX's 24.30% return.

DBLSX

• 1D: -0.42%
• 1M: -0.31%
• 6M: 0.69%
• YTD: 1.02%
• 1Y: 3.10%
• 3Y*: 5.15%
• 5Y*: 3.12%
• 10Y*: 2.79%
• ALL TIME*: 2.63%

BGELX

• 1D: 2.13%
• 1M: 7.41%
• 6M: 12.00%
• YTD: 24.30%
• 1Y: 50.40%
• 3Y*: 22.16%
• 5Y*: 7.84%
• 10Y*: —
• ALL TIME*: 12.26%

*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)
BGELX Baillie Gifford Emerging Markets Equities Fund	$0.00	$0.00	$0.00
DBLSX DoubleLine Low Duration Bond Fund	$0.00	$0.00	$0.00

DBLSX vs. BGELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBLSX DoubleLine Low Duration Bond Fund	1.02%	5.74%	5.32%	6.76%	-2.69%	0.70%	2.02%	4.73%	1.40%	2.65%
BGELX Baillie Gifford Emerging Markets Equities Fund	24.30%	40.75%	6.04%	14.42%	-26.46%	-8.93%	29.66%	28.10%	-14.87%	50.50%

Correlation

The correlation between DBLSX and BGELX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.05
Correlation (5Y) Shows whether the relationship held over a longer period.	0.08
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.04

Return for Risk

DBLSX vs. BGELX — Risk / Return Rank

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

DBLSX

DBLSX Risk / Return Rank: 96
DBLSX Sharpe Ratio Rank: 96
DBLSX Sortino Ratio Rank: 95
DBLSX Omega Ratio Rank: 97
DBLSX Calmar Ratio Rank: 96
DBLSX Martin Ratio Rank: 98

BGELX

BGELX Risk / Return Rank: 88
BGELX Sharpe Ratio Rank: 87
BGELX Sortino Ratio Rank: 81
BGELX Omega Ratio Rank: 91
BGELX Calmar Ratio Rank: 88
BGELX Martin Ratio Rank: 90

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.

DBLSX vs. BGELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Bond Fund (DBLSX) 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.

	DBLSX	BGELX	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.19	+0.47
Sortino ratio: Return per unit of downside risk	3.95	2.88	+1.07
Omega ratio: Gain probability vs. loss probability	1.68	1.49	+0.19
Calmar ratio: Return relative to maximum drawdown	4.75	3.38	+1.38
Martin ratio: Return relative to average drawdown	21.29	12.70	+8.59

DBLSX vs. BGELX - Sharpe Ratio Comparison

The current DBLSX Sharpe Ratio is 2.66, which is comparable to the BGELX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of DBLSX and BGELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBLSX vs. BGELX - Drawdown Comparison

The maximum DBLSX drawdown since its inception was -57.22%, which is greater than BGELX's maximum drawdown of -50.47%. Use the drawdown chart below to compare losses from any high point for DBLSX and BGELX.

Drawdown Indicators

	DBLSX	BGELX	Difference
Max Drawdown Largest peak-to-trough decline	-57.22%	-50.47%	-6.75%
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	-14.91%	+14.19%
Max Drawdown (3Y) Largest decline over 3 years	-0.72%	-19.74%	+19.02%
Max Drawdown (5Y) Largest decline over 5 years	-4.71%	-42.63%	+37.92%
Max Drawdown (10Y) Largest decline over 10 years	-57.22%	—	—
Current Drawdown Current decline from peak	-45.02%	-1.90%	-43.12%
Average Drawdown Average peak-to-trough decline	-31.65%	-18.29%	-13.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	3.92%	-3.76%

Volatility

DBLSX vs. BGELX - Volatility Comparison

The current volatility for DoubleLine Low Duration Bond Fund (DBLSX) is 0.54%, while Baillie Gifford Emerging Markets Equities Fund (BGELX) has a volatility of 13.31%. This indicates that DBLSX experiences smaller price fluctuations and is considered to be less risky than BGELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBLSX	BGELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	13.31%	-12.77%
Volatility (6M) Calculated over the trailing 6-month period	1.04%	19.87%	-18.83%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	23.03%	-21.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.42%	21.68%	-20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.98%	21.91%	+42.07%

DBLSX vs. BGELX - Expense Ratio Comparison

DBLSX has a 0.41% expense ratio, which is lower than BGELX's 0.76% expense ratio.

Dividends

DBLSX vs. BGELX - Dividend Comparison

DBLSX's dividend yield for the trailing twelve months is around 4.14%, more than BGELX's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGELX Baillie Gifford Emerging Markets Equities Fund	1.35%	1.68%	3.52%	4.02%	5.46%	3.08%	1.31%	3.90%	10.14%	1.16%	0.00%	0.00%
DBLSX DoubleLine Low Duration Bond Fund	4.14%	4.64%	5.09%	4.49%	2.50%	1.72%	2.37%	3.21%	2.92%	2.42%	2.52%	2.47%

Frequently Asked Questions

Can I hold both DBLSX and BGELX in my portfolio?

DBLSX and BGELX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBLSX or BGELX?

BGELX has higher volatility (13.31%) compared to DBLSX (0.54%). In terms of maximum drawdown, DBLSX dropped -57.22% vs BGELX's -50.47%.

Which has better risk-adjusted returns?

DBLSX currently has the higher Sharpe Ratio (2.66 vs 2.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.