Baillie Gifford Correlations

BGEFX Fund

USD 14.13 0.03 0.21%

The current 90-days correlation between Baillie Gifford Eafe and Fidelity International Growth is 0.76 (i.e., Poor 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

Weak diversification

The correlation between Baillie Gifford Eafe and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baillie Gifford Eafe 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 Eafe. 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 census.

Moving together with Baillie Mutual Fund

0.67	BSGLX	Long Term	Pair Corr
0.95	BTLSX	Baillie Gifford Inte	Pair Corr
0.95	BTLKX	Baillie Gifford Inte	Pair Corr
0.77	BCANX	Baillie Gifford China	Pair Corr
0.77	BCAKX	Baillie Gifford China	Pair Corr
0.85	BGAKX	Global Alpha	Pair Corr
0.85	BGALX	Baillie Gifford Global	Pair Corr
0.85	BGASX	Global Alpha	Pair Corr
0.85	BGATX	Baillie Gifford Global	Pair Corr
0.86	BGCDX	Baillie Gifford China	Pair Corr
0.86	BGCBX	Baillie Gifford China	Pair Corr
0.99	BGEUX	Baillie Gifford Eafe	Pair Corr
1.0	BGEVX	Baillie Gifford Eafe	Pair Corr
0.99	BGESX	Eafe Fund	Pair Corr
0.99	BGETX	Baillie Gifford Eafe	Pair Corr
0.81	BGEPX	Baillie Gifford Emerging	Pair Corr
1.0	BGEKX	Eafe Fund	Pair Corr
0.81	BGELX	Emerging Markets	Pair Corr
0.81	BGEGX	Baillie Gifford Emerging	Pair Corr
0.81	BGEHX	Baillie Gifford Emerging	Pair Corr
0.81	BGEDX	Baillie Gifford Emerging	Pair Corr
0.68	BGIUX	Baillie Gifford Inte	Pair Corr
0.69	BGIVX	Baillie Gifford Inte	Pair Corr
0.68	BGITX	Baillie Gifford Inte	Pair Corr
0.67	BGIKX	The International Equity	Pair Corr
0.68	BGIFX	Baillie Gifford Inte	Pair Corr
0.81	BGKEX	Emerging Markets	Pair Corr
0.67	BGLTX	Baillie Gifford	Pair Corr
0.67	BGLKX	Long Term	Pair Corr

Related Correlations Analysis

	FZAJX	FIDGX	FZAMX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
FZAJX		-0.15	-0.15	0.26	0.0	-0.32	0.38	0.32	0.06	0.55	FZAJX
FIDGX	-0.15		0.99	-0.62	0.0	-0.11	0.66	0.01	0.69	-0.6	FIDGX
FZAMX	-0.15	0.99		-0.63	0.0	-0.14	0.67	0.1	0.72	-0.67	FZAMX
444859BR2	0.26	-0.62	-0.63		0.0	0.3	-0.5	-0.06	-0.55	0.5	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.32	-0.11	-0.14	0.3	0.0		-0.44	-0.34	-0.33	-0.07	BRRAY
MSTSX	0.38	0.66	0.67	-0.5	0.0	-0.44		0.27	0.69	-0.06	MSTSX
ABHYX	0.32	0.01	0.1	-0.06	0.0	-0.34	0.27		0.56	-0.14	ABHYX
LBHIX	0.06	0.69	0.72	-0.55	0.0	-0.33	0.69	0.56		-0.38	LBHIX
SCAXF	0.55	-0.6	-0.67	0.5	0.0	-0.07	-0.06	-0.14	-0.38		SCAXF
	FZAJX	FIDGX	FZAMX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

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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

FZAMX	+ 0.99	FIDGX
LBHIX	+ 0.72	FZAMX
LBHIX	+ 0.69	FIDGX
LBHIX	+ 0.69	MSTSX
MSTSX	+ 0.67	FZAMX
MSTSX	+ 0.66	FIDGX

High negative correlations

SCAXF	- 0.67	FZAMX
444859BR2	- 0.63	FZAMX
444859BR2	- 0.62	FIDGX
SCAXF	- 0.6	FIDGX
LBHIX	- 0.55	444859BR2
MSTSX	- 0.5	444859BR2

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
FZAJX	0.69	(0.11)	0.00	(0.03)	0.00	0.00	1.27	(1.56)	4.55
FIDGX	0.88	(0.01)	0.04	0.12	1.00	(0.93)	1.75	(1.58)	6.21
FZAMX	0.70	0.02	0.04	0.14	0.62	(0.80)	1.58	(1.15)	4.96
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47

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