Baillie Gifford Correlations

BGEGX Fund

USD 20.77 0.04 0.19%

The current 90-days correlation between Baillie Gifford Emerging and Johcm Emerging Markets is 0.94 (i.e., Almost no 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

Very weak diversification

The correlation between Baillie Gifford Emerging and DJI is 0.41 (i.e., Very weak 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 price.

Moving together with Baillie Mutual Fund

0.82	BSGPX	Eafe Pure	Pair Corr
0.86	BTLSX	Baillie Gifford Inte	Pair Corr
0.85	BTLKX	Baillie Gifford Inte	Pair Corr
0.89	BGCWX	Baillie Gifford Eafe	Pair Corr
0.89	BGCSX	Eafe Choice	Pair Corr
0.89	BGCJX	Baillie Gifford Eafe	Pair Corr
0.85	BGCDX	Baillie Gifford China	Pair Corr
0.85	BGCBX	Baillie Gifford China	Pair Corr
0.61	BGEUX	Baillie Gifford Eafe	Pair Corr
0.61	BGESX	Eafe Fund	Pair Corr
0.61	BGETX	Baillie Gifford Eafe	Pair Corr
1.0	BGEPX	Baillie Gifford Emerging	Pair Corr
0.61	BGEKX	Eafe Fund	Pair Corr
1.0	BGELX	Emerging Markets	Pair Corr
1.0	BGEHX	Baillie Gifford Emerging	Pair Corr
0.61	BGEFX	Baillie Gifford Eafe	Pair Corr
1.0	BGEDX	Baillie Gifford Emerging	Pair Corr
0.9	BGIUX	Baillie Gifford Inte	Pair Corr
0.9	BGIVX	Baillie Gifford Inte	Pair Corr
0.89	BGITX	Baillie Gifford Inte	Pair Corr
0.89	BGIKX	The International Equity	Pair Corr
0.9	BGIFX	Baillie Gifford Inte	Pair Corr
1.0	BGKEX	Emerging Markets	Pair Corr
0.87	BGPKX	Eafe Pure	Pair Corr
0.87	BGPFX	Baillie Gifford Eafe	Pair Corr

Related Correlations Analysis

	JOEAX	SFGIX	APDOX	SAEMX	REMVX	BELSX	PIEFX
JOEAX		0.87	0.78	0.91	0.89	0.83	0.98	JOEAX
SFGIX	0.87		0.74	0.91	0.95	0.87	0.89	SFGIX
APDOX	0.78	0.74		0.63	0.75	0.87	0.78	APDOX
SAEMX	0.91	0.91	0.63		0.96	0.77	0.94	SAEMX
REMVX	0.89	0.95	0.75	0.96		0.84	0.94	REMVX
BELSX	0.83	0.87	0.87	0.77	0.84		0.83	BELSX
PIEFX	0.98	0.89	0.78	0.94	0.94	0.83		PIEFX
	JOEAX	SFGIX	APDOX	SAEMX	REMVX	BELSX	PIEFX

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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
JOEAX	0.85	0.08	0.09	0.15	1.08	(0.85)	1.65	(1.78)	6.33
SFGIX	0.54	0.02	0.07	(0.84)	0.79	(0.53)	1.09	(1.25)	4.18
APDOX	0.16	0.03	0.22	0.77	0.10	(0.18)	0.30	(0.29)	1.07
SAEMX	0.58	0.04	0.09	0.27	0.77	(0.61)	1.17	(1.44)	3.59
REMVX	0.80	0.06	0.09	(1.19)	0.94	(0.87)	1.67	(1.56)	5.76
BELSX	0.43	0.05	0.15	0.46	0.44	(0.49)	0.92	(0.81)	2.59
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94

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Baillie Gifford Correlations

Baillie Gifford Correlation With Market

Very weak diversification

Moving together with Baillie Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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