SMT.L vs. DPGT.L
SMT.L (Scottish Mortgage Investment Trust plc) and DPGT.L (Dimensional Global Targeted Value UCITS ETF USD Acc) are both Global Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. SMT.L charges 0.31%/yr vs 0.44%/yr for DPGT.L.
Performance
SMT.L vs. DPGT.L - Performance Comparison
Loading charts...
Different Trading Currencies
SMT.L is traded in GBp, while DPGT.L is traded in GBP. To make them comparable, the DPGT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMT.L achieves a 27.32% return, which is significantly higher than DPGT.L's 8.87% return.
SMT.L
- 1D
- -1.53%
- 1M
- 5.30%
- YTD
- 27.32%
- 6M
- 42.05%
- 1Y
- 51.19%
- 3Y*
- 30.43%
- 5Y*
- 4.67%
- 10Y*
- 19.70%
DPGT.L
- 1D
- 0.80%
- 1M
- 3.18%
- YTD
- 8.87%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMT.L vs. DPGT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 27.32% | 0.51% |
DPGT.L Dimensional Global Targeted Value UCITS ETF USD Acc | 8.87% | -0.48% |
Correlation
The correlation between SMT.L and DPGT.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMT.L vs. DPGT.L — Risk / Return Rank
SMT.L
DPGT.L
SMT.L vs. DPGT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) and Dimensional Global Targeted Value UCITS ETF USD Acc (DPGT.L). 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.
| SMT.L | DPGT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | — | — |
| Martin ratioReturn relative to average drawdown | 14.08 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SMT.L | DPGT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.86 | -1.30 |
Drawdowns
SMT.L vs. DPGT.L - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -62.61%, which is greater than DPGT.L's maximum drawdown of -7.65%. Use the drawdown chart below to compare losses from any high point for SMT.L and DPGT.L.
Loading charts...
Drawdown Indicators
| SMT.L | DPGT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.61% | -7.65% | -54.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -28.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | 0.00% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -1.97% | -14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | — | — |
Volatility
SMT.L vs. DPGT.L - Volatility Comparison
Loading charts...
Volatility by Period
| SMT.L | DPGT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 10.78% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 10.78% | +18.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 10.78% | +17.98% |
SMT.L vs. DPGT.L - Expense Ratio Comparison
SMT.L has a 0.31% expense ratio, which is lower than DPGT.L's 0.44% expense ratio.
Dividends
SMT.L vs. DPGT.L - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.29%, while DPGT.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPGT.L Dimensional Global Targeted Value UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
Frequently Asked Questions
SMT.L and DPGT.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMT.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMT.L is cheaper with a 0.31% expense ratio, compared with 0.44% for DPGT.L.
They also come from different issuers: Baillie Gifford Funds and Dimensional. Their fees differ too: 0.31% for SMT.L and 0.44% for DPGT.L.
Find the right allocation for SMT.L and DPGT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer