LNGZX vs. BGCBX
LNGZX (Columbia Greater China Fund) and BGCBX (Baillie Gifford China Equities Fund) are both China Equities funds. Over the past 3 years, LNGZX returned 3.37%/yr vs 7.75%/yr for BGCBX. Their correlation of 0.94 suggests significant overlap in exposure. LNGZX charges 1.25%/yr vs 0.96%/yr for BGCBX.
Performance
LNGZX vs. BGCBX - Performance Comparison
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Returns By Period
In the year-to-date period, LNGZX achieves a -9.19% return, which is significantly lower than BGCBX's -3.19% return.
LNGZX
- 1D
- 0.58%
- 1M
- -4.66%
- YTD
- -9.19%
- 6M
- -10.26%
- 1Y
- 3.04%
- 3Y*
- 3.37%
- 5Y*
- -10.92%
- 10Y*
- 3.90%
BGCBX
- 1D
- 0.60%
- 1M
- -1.62%
- YTD
- -3.19%
- 6M
- -4.13%
- 1Y
- 17.01%
- 3Y*
- 7.75%
- 5Y*
- —
- 10Y*
- —
LNGZX vs. BGCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LNGZX Columbia Greater China Fund | -9.19% | 27.49% | 12.29% | -18.70% | -28.42% | -24.06% |
BGCBX Baillie Gifford China Equities Fund | -3.19% | 36.51% | 9.74% | -18.00% | -28.56% | -17.30% |
Correlation
The correlation between LNGZX and BGCBX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.94 |
The correlation between LNGZX and BGCBX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
LNGZX vs. BGCBX — Risk / Return Rank
LNGZX
BGCBX
LNGZX vs. BGCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Greater China Fund (LNGZX) 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.
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.
| LNGZX | BGCBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.16 | -1.04 |
| Martin ratioReturn relative to average drawdown | 0.25 | 2.73 | -2.48 |
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Drawdowns
LNGZX vs. BGCBX - Drawdown Comparison
The maximum LNGZX drawdown since its inception was -73.37%, which is greater than BGCBX's maximum drawdown of -59.07%. Use the drawdown chart below to compare losses from any high point for LNGZX and BGCBX.
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Drawdown Indicators
| LNGZX | BGCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.37% | -59.07% | -14.30% |
Max Drawdown (1Y)Largest decline over 1 year | -19.13% | -13.48% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -28.54% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -63.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.94% | — | — |
Current DrawdownCurrent decline from peak | -52.64% | -30.70% | -21.94% |
Average DrawdownAverage peak-to-trough decline | -26.56% | -38.18% | +11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.32% | 5.74% | +3.58% |
Volatility
LNGZX vs. BGCBX - Volatility Comparison
Columbia Greater China Fund (LNGZX) has a higher volatility of 6.30% compared to Baillie Gifford China Equities Fund (BGCBX) at 5.60%. This indicates that LNGZX's price experiences larger fluctuations and is considered to be riskier than BGCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LNGZX | BGCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 5.60% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 12.94% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 18.37% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.00% | 26.96% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.56% | 26.96% | -0.40% |
LNGZX vs. BGCBX - Expense Ratio Comparison
LNGZX has a 1.25% expense ratio, which is higher than BGCBX's 0.96% expense ratio.
Dividends
LNGZX vs. BGCBX - Dividend Comparison
LNGZX's dividend yield for the trailing twelve months is around 2.07%, more than BGCBX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGCBX Baillie Gifford China Equities Fund | 0.94% | 0.91% | 2.03% | 1.50% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LNGZX Columbia Greater China Fund | 2.07% | 1.88% | 1.21% | 0.67% | 0.00% | 0.00% | 4.29% | 1.40% | 5.85% | 1.20% | 0.00% | 4.54% |
Frequently Asked Questions
With a correlation of 0.93, LNGZX and BGCBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LNGZX has higher volatility (6.30%) compared to BGCBX (5.60%). In terms of maximum drawdown, LNGZX dropped -73.37% vs BGCBX's -59.07%.
BGCBX currently has the higher Sharpe Ratio (0.85 vs 0.11), 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.
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