Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Trust
BBMHX Fund   9.63  0.03  0.31%   
The current 90-days correlation between Bridge Builder Trust and Bridge Builder E is 0.64 (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

Average diversification

The correlation between Bridge Builder Trust and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Trust 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 Trust. 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 Bridge Mutual Fund

  0.73BBCPX Bridge Builder EPairCorr
  0.73BBGLX Bridge Builder LargePairCorr
  0.74BBGSX Bridge Builder SmallmidPairCorr
  0.74BBIEX Bridge Builder InterPairCorr
  0.91BBMUX Bridge Builder MunicipalPairCorr
  0.67BBTBX Bridge Builder EPairCorr
  0.74BBTSX Bridge Builder TrustPairCorr
  0.72BBTLX Bridge Builder TrustPairCorr
  0.74BBTIX Bridge Builder TaxPairCorr
  0.73BBVSX Bridge Builder SmallmidPairCorr
  0.75BBVLX Bridge Builder LargePairCorr
  0.73NHMAX Nuveen High YieldPairCorr
  0.66NHCCX Nuveen High YieldPairCorr
  0.74NHMRX Nuveen High YieldPairCorr
  0.75NHMFX Nuveen High YieldPairCorr
  0.99ABHFX American High IncomePairCorr
  1.0AHICX American High IncomePairCorr
  0.99AMHIX American High IncomePairCorr
  0.81GHYCX Goldman Sachs HighPairCorr
  0.87GHYAX Goldman Sachs HighPairCorr
  0.72ACTDX Invesco High YieldPairCorr
  0.71VTSAX Vanguard Total StockPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.71VTSMX Vanguard Total StockPairCorr
  0.71VSMPX Vanguard Total StockPairCorr
  0.71VSTSX Vanguard Total StockPairCorr
  0.71VITSX Vanguard Total StockPairCorr
  0.71VFINX Vanguard 500 IndexPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.72VGTSX Vanguard Total InterPairCorr
  0.72VTIAX Vanguard Total InterPairCorr
  0.62FGORX Franklin GovernmentPairCorr
  0.68ANTSX Nt International SmallPairCorr
  0.69TWN Taiwan ClosedPairCorr
  0.74LBFIX Clearbridge SelectPairCorr
  0.68EMF Templeton EmergingPairCorr
  0.7VIGRX Vanguard Growth IndexPairCorr
  0.79CYBIX Calvert High YieldPairCorr
  0.72OYRDX Oppenheimer RisingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BBCPX  0.26  0.01 (0.31) 0.24  0.23 
(0.31)
 0.46 
(0.46)
 1.27 
BBGLX  0.71  0.12  0.13  0.25  0.57 
(0.86)
 2.20 
(1.41)
 5.06 
BBGSX  0.77  0.11  0.11  0.24  0.67 
(0.88)
 2.38 
(1.33)
 5.71 
BBIEX  0.52  0.13  0.08  0.43  0.33 
(0.61)
 1.27 
(1.03)
 3.17 
BBMUX  0.11  0.01 (0.64) 0.40  0.00 
(0.17)
 0.21 
(0.21)
 0.73 
BBMHX  0.19 (0.01)(0.47) 0.00  0.19 
(0.27)
 0.42 
(0.31)
 1.34 
BBTBX  0.27  0.01 (0.33) 0.22  0.27 
(0.29)
 0.46 
(0.45)
 1.35 
BBTSX  0.75  0.08  0.08  0.21  0.72 
(0.92)
 2.03 
(1.47)
 5.79 
BBTLX  0.64  0.10  0.09  0.24  0.52 
(0.76)
 1.92 
(1.26)
 4.64 
BBTIX  0.57  0.10  0.04  0.35  0.46 
(0.68)
 1.29 
(1.18)
 3.36 

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