Baillie Gifford Correlations

BGEHX Fund

USD 19.60 0.12 0.62%

The current 90-days correlation between Baillie Gifford Emerging and Morningstar Global Income is 0.13 (i.e., Average diversification). The correlation of Baillie Gifford is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Baillie Gifford Correlation With Market

Modest diversification

The correlation between Baillie Gifford Emerging and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baillie Gifford Emerging. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Baillie Mutual Fund

0.88	BSGPX	Eafe Pure	Pair Corr
0.69	BTLSX	Baillie Gifford Inte	Pair Corr
0.68	BTLKX	Baillie Gifford Inte	Pair Corr
0.86	BGCWX	Baillie Gifford Eafe	Pair Corr
0.87	BGCSX	Eafe Choice	Pair Corr
0.85	BGCJX	Baillie Gifford Eafe	Pair Corr
0.84	BGCDX	Baillie Gifford China	Pair Corr
0.78	BGCBX	Baillie Gifford China	Pair Corr
0.97	BGEZX	Baillie Gifford Emerging	Pair Corr
0.97	BGEWX	Baillie Gifford Emerging	Pair Corr
0.63	BGEUX	Baillie Gifford Eafe	Pair Corr
0.68	BGEVX	Baillie Gifford Eafe	Pair Corr
0.63	BGESX	Eafe Fund	Pair Corr
0.63	BGETX	Baillie Gifford Eafe	Pair Corr
0.91	BGEPX	Baillie Gifford Emerging	Pair Corr
0.63	BGEKX	Eafe Fund	Pair Corr
1.0	BGELX	Emerging Markets	Pair Corr
1.0	BGEGX	Baillie Gifford Emerging	Pair Corr
0.63	BGEFX	Baillie Gifford Eafe	Pair Corr
1.0	BGEDX	Baillie Gifford Emerging	Pair Corr
0.63	BGHDX	Baillie Gifford Health	Pair Corr
0.62	BGHBX	Baillie Gifford Health	Pair Corr
0.88	BGIUX	Baillie Gifford Inte	Pair Corr
0.86	BGIVX	Baillie Gifford Inte	Pair Corr
0.86	BGITX	Baillie Gifford Inte	Pair Corr
0.87	BGIKX	The International Equity	Pair Corr
0.86	BGIFX	Baillie Gifford Inte	Pair Corr
0.96	BGKEX	Emerging Markets	Pair Corr
0.93	BGPKX	Eafe Pure	Pair Corr
0.93	BGPFX	Baillie Gifford Eafe	Pair Corr

Moving against Baillie Mutual Fund

0.7	BGGSX	Equity Growth	Pair Corr
0.64	BGGKX	Equity Growth	Pair Corr
0.53	BSGLX	Long Term	Pair Corr
0.53	BGLTX	Baillie Gifford	Pair Corr
0.53	BGLKX	Long Term	Pair Corr
0.49	BGUIX	Baillie Gifford Discovery	Pair Corr
0.48	BGUKX	Baillie Gifford Discovery	Pair Corr
0.45	VTSAX	Vanguard Total Stock	Pair Corr
0.45	VFIAX	Vanguard 500 Index	Pair Corr
0.37	VTSMX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	MSTGX	DSDYX	MGGNX	RETSX	BXFIX	GBAYX
MSTGX		0.7	0.75	0.63	0.01	0.92	MSTGX
DSDYX	0.7		0.95	0.67	0.49	0.61	DSDYX
MGGNX	0.75	0.95		0.71	0.44	0.68	MGGNX
RETSX	0.63	0.67	0.71		0.58	0.52	RETSX
BXFIX	0.01	0.49	0.44	0.58		-0.12	BXFIX
GBAYX	0.92	0.61	0.68	0.52	-0.12		GBAYX
	MSTGX	DSDYX	MGGNX	RETSX	BXFIX	GBAYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MGGNX	+ 0.95	DSDYX
GBAYX	+ 0.92	MSTGX
MGGNX	+ 0.75	MSTGX
RETSX	+ 0.71	MGGNX
DSDYX	+ 0.7	MSTGX
GBAYX	+ 0.68	MGGNX

High negative correlations

GBAYX

- 0.12

BXFIX

Risk-Adjusted Indicators

There is a big difference between Baillie Mutual Fund performing well and Baillie Gifford Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baillie Gifford's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTGX	0.25	(0.02)	0.00	(0.25)	0.00	0.00	0.54	(0.64)	1.83
DSDYX	0.16	(0.01)	0.00	(0.21)	0.00	0.00	0.40	(0.30)	0.95
MGGNX	0.18	(0.02)	0.00	(0.54)	0.00	0.00	0.35	(0.35)	1.05
RETSX	0.56	0.03	0.04	0.80	0.80	(0.56)	1.19	(1.46)	5.40
BXFIX	0.07	0.01	0.07	2.67	0.00	(0.19)	0.12	(0.12)	0.81
GBAYX	0.31	(0.03)	0.00	(0.19)	0.00	0.00	0.52	(0.59)	2.22

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