Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Smallmid
BBGSX Fund  USD 16.54  0.18  1.10%   
The current 90-days correlation between Bridge Builder Smallmid and Touchstone International Equity is 0.7 (i.e., Poor diversification). The correlation of Bridge Builder 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.

Bridge Builder Correlation With Market

Very good diversification

The correlation between Bridge Builder Smallmid and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Smallmid 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 Bridge Builder Smallmid. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Bridge Mutual Fund

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  1.0RRMGX T Rowe PricePairCorr
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  1.0RPMGX T Rowe PricePairCorr
  0.98PRJIX T Rowe PricePairCorr
  0.98PRNHX T Rowe PricePairCorr
  0.98TRUZX T Rowe PricePairCorr
  0.97PCBIX Midcap Fund InstitutionalPairCorr
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  0.99RYVYX Nasdaq 100 2xPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bridge Mutual Fund performing well and Bridge Builder 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 Bridge Builder'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.

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