SGMAX vs. BGLTX

Last updated Jul 18, 2026

SGMAX (SEI Institutional Investments Trust Global Managed Volatility Fund) and BGLTX (Baillie Gifford Long Term Global Growth Fund) are both Global Equities funds. At a 0.48 correlation, their price movements are largely independent. SGMAX charges 0.25%/yr vs 0.73%/yr for BGLTX.

Performance

SGMAX vs. BGLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Global Managed Volatility Fund (SGMAX) and Baillie Gifford Long Term Global Growth Fund (BGLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SGMAX

• 1D: 0.48%
• 1M: 2.44%
• 6M: 8.74%
• YTD: 10.46%
• 1Y: 18.19%
• 3Y*: 16.00%
• 5Y*: 10.77%
• 10Y*: —

BGLTX

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

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

SGMAX vs. BGLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGMAX SEI Institutional Investments Trust Global Managed Volatility Fund	10.46%	17.93%	15.18%	8.86%	-3.41%	18.94%	-2.71%	20.58%	-4.41%	17.10%
BGLTX Baillie Gifford Long Term Global Growth Fund	-11.38%	16.38%	25.03%	36.61%	-46.09%	2.47%	102.05%	33.53%	-1.37%	54.04%

Correlation

The correlation between SGMAX and BGLTX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.48

Return for Risk

SGMAX vs. BGLTX — Risk / Return Rank

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

SGMAX

SGMAX Risk / Return Rank: 85
SGMAX Sharpe Ratio Rank: 89
SGMAX Sortino Ratio Rank: 88
SGMAX Omega Ratio Rank: 84
SGMAX Calmar Ratio Rank: 82
SGMAX Martin Ratio Rank: 84

BGLTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SGMAX vs. BGLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Global Managed Volatility Fund (SGMAX) and Baillie Gifford Long Term Global Growth Fund (BGLTX). 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.

	SGMAX	BGLTX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	—	—
Sortino ratio: Return per unit of downside risk	3.65	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	12.26	—	—

Drawdowns

Drawdown Indicators

	SGMAX	BGLTX	Difference
Max Drawdown Largest peak-to-trough decline	-31.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.11%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	—	—

Volatility

Volatility by Period

	SGMAX	BGLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.50%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.14%	—	—

SGMAX vs. BGLTX - Expense Ratio Comparison

SGMAX has a 0.25% expense ratio, which is lower than BGLTX's 0.73% expense ratio.

Dividends

SGMAX vs. BGLTX - Dividend Comparison

SGMAX's dividend yield for the trailing twelve months is around 13.17%, while BGLTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGLTX Baillie Gifford Long Term Global Growth Fund	0.00%	0.00%	0.00%	0.00%	3.84%	5.15%	8.39%	0.15%	10.07%	0.00%
SGMAX SEI Institutional Investments Trust Global Managed Volatility Fund	13.17%	14.55%	12.63%	6.40%	11.12%	15.38%	2.06%	4.81%	7.86%	4.45%

Frequently Asked Questions

Can I hold both SGMAX and BGLTX in my portfolio?

SGMAX and BGLTX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.