SMT.L vs. III.L
Compare and contrast key facts about Scottish Mortgage Investment Trust plc (SMT.L) and 3I Group plc (III.L).
SMT.L is an actively managed fund by Baillie Gifford Funds. It was launched on Mar 31, 2023.
Performance
SMT.L vs. III.L - Performance Comparison
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SMT.L vs. III.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 0.42% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 41.09% |
III.L 3I Group plc | -25.28% | -6.44% | 50.11% | 85.46% | -3.46% | 28.99% | 9.36% | 47.12% | -12.49% | 32.12% |
Returns By Period
In the year-to-date period, SMT.L achieves a 0.42% return, which is significantly higher than III.L's -25.28% return. Over the past 10 years, SMT.L has underperformed III.L with an annualized return of 16.93%, while III.L has yielded a comparatively higher 21.84% annualized return.
SMT.L
- 1D
- 1.36%
- 1M
- -3.76%
- YTD
- 0.42%
- 6M
- 4.86%
- 1Y
- 26.79%
- 3Y*
- 21.23%
- 5Y*
- 0.91%
- 10Y*
- 16.93%
III.L
- 1D
- 3.39%
- 1M
- -26.61%
- YTD
- -25.28%
- 6M
- -39.70%
- 1Y
- -31.10%
- 3Y*
- 15.71%
- 5Y*
- 19.05%
- 10Y*
- 21.84%
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Return for Risk
SMT.L vs. III.L — Risk / Return Rank
SMT.L
III.L
SMT.L vs. III.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) and 3I Group plc (III.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 | III.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | -0.76 | +2.00 |
Sortino ratioReturn per unit of downside risk | 1.77 | -0.88 | +2.65 |
Omega ratioGain probability vs. loss probability | 1.23 | 0.86 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.66 | +2.57 |
Martin ratioReturn relative to average drawdown | 6.19 | -1.72 | +7.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMT.L | III.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | -0.76 | +2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.65 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.73 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.38 | +0.15 |
Correlation
The correlation between SMT.L and III.L is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMT.L vs. III.L - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.37%, less than III.L's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 0.37% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
III.L 3I Group plc | 3.24% | 2.42% | 1.82% | 2.32% | 3.76% | 2.78% | 3.02% | 3.42% | 3.75% | 1.75% | 2.64% | 1.68% |
Drawdowns
SMT.L vs. III.L - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -62.61%, smaller than the maximum III.L drawdown of -84.42%. Use the drawdown chart below to compare losses from any high point for SMT.L and III.L.
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Drawdown Indicators
| SMT.L | III.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.61% | -84.42% | +21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.26% | -47.86% | +33.60% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -47.86% | -12.25% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | -49.08% | -11.03% |
Current DrawdownCurrent decline from peak | -21.23% | -44.70% | +23.47% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -26.61% | +10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 18.45% | -14.28% |
Volatility
SMT.L vs. III.L - Volatility Comparison
The current volatility for Scottish Mortgage Investment Trust plc (SMT.L) is 8.11%, while 3I Group plc (III.L) has a volatility of 23.44%. This indicates that SMT.L experiences smaller price fluctuations and is considered to be less risky than III.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMT.L | III.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.11% | 23.44% | -15.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 37.10% | -22.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 40.62% | -18.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.89% | 29.55% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.63% | 29.73% | -1.10% |