RBCIX vs. BGCBX
RBCIX (RBC China Equity Fund) and BGCBX (Baillie Gifford China Equities Fund) are both China Equities funds. Over the past 3 years, RBCIX returned 14.52%/yr vs 7.75%/yr for BGCBX. Their correlation of 0.92 suggests significant overlap in exposure. RBCIX charges 1.05%/yr vs 0.96%/yr for BGCBX.
Performance
RBCIX vs. BGCBX - Performance Comparison
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Returns By Period
In the year-to-date period, RBCIX achieves a 1.05% return, which is significantly higher than BGCBX's -3.19% return.
RBCIX
- 1D
- 1.71%
- 1M
- -1.26%
- YTD
- 1.05%
- 6M
- 1.63%
- 1Y
- 34.61%
- 3Y*
- 14.52%
- 5Y*
- —
- 10Y*
- —
BGCBX
- 1D
- 0.60%
- 1M
- -1.62%
- YTD
- -3.19%
- 6M
- -4.13%
- 1Y
- 17.01%
- 3Y*
- 7.75%
- 5Y*
- —
- 10Y*
- —
RBCIX vs. BGCBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RBCIX RBC China Equity Fund | 1.05% | 50.92% | 6.24% | -9.64% | -7.64% |
BGCBX Baillie Gifford China Equities Fund | -3.19% | 36.51% | 9.74% | -18.00% | -10.61% |
Correlation
The correlation between RBCIX 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.92 |
The correlation between RBCIX and BGCBX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
RBCIX vs. BGCBX — Risk / Return Rank
RBCIX
BGCBX
RBCIX vs. BGCBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC China Equity Fund (RBCIX) 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.
| RBCIX | BGCBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.16 | +1.32 |
| Martin ratioReturn relative to average drawdown | 6.46 | 2.73 | +3.73 |
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Drawdowns
RBCIX vs. BGCBX - Drawdown Comparison
The maximum RBCIX drawdown since its inception was -32.45%, smaller than the maximum BGCBX drawdown of -59.07%. Use the drawdown chart below to compare losses from any high point for RBCIX and BGCBX.
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Drawdown Indicators
| RBCIX | BGCBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -59.07% | +26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -13.48% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -28.54% | +2.87% |
Current DrawdownCurrent decline from peak | -8.23% | -30.70% | +22.47% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -38.18% | +24.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 5.74% | -0.58% |
Volatility
RBCIX vs. BGCBX - Volatility Comparison
RBC China Equity Fund (RBCIX) has a higher volatility of 7.21% compared to Baillie Gifford China Equities Fund (BGCBX) at 5.60%. This indicates that RBCIX'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
| RBCIX | BGCBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.60% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 12.94% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.66% | 18.37% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.03% | 26.96% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 26.96% | -0.93% |
RBCIX vs. BGCBX - Expense Ratio Comparison
RBCIX has a 1.05% expense ratio, which is higher than BGCBX's 0.96% expense ratio.
Dividends
RBCIX vs. BGCBX - Dividend Comparison
RBCIX's dividend yield for the trailing twelve months is around 3.62%, more than BGCBX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BGCBX Baillie Gifford China Equities Fund | 0.94% | 0.91% | 2.03% | 1.50% | 0.66% |
RBCIX RBC China Equity Fund | 3.62% | 3.66% | 2.01% | 1.20% | 1.02% |
Frequently Asked Questions
With a correlation of 0.93, RBCIX 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.
RBCIX has higher volatility (7.21%) compared to BGCBX (5.60%). In terms of maximum drawdown, RBCIX dropped -32.45% vs BGCBX's -59.07%.
RBCIX currently has the higher Sharpe Ratio (1.62 vs 0.85), 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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