Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Municipal
BBMUX Fund  USD 9.70  0.01  0.10%   
The current 90-days correlation between Bridge Builder Municipal and Bridge Builder E is -0.26 (i.e., Very good 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

Good diversification

The correlation between Bridge Builder Municipal and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Municipal 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 Municipal. 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 employment.

Moving together with BRIDGE Mutual Fund

  0.79BBCPX Bridge Builder EPairCorr
  0.91BBGLX Bridge Builder LargePairCorr
  0.9BBGSX Bridge Builder SmallmidPairCorr
  0.87BBIEX Bridge Builder InterPairCorr
  0.76BBMHX Bridge Builder TrustPairCorr
  0.69BBTBX Bridge Builder EPairCorr
  0.92BBTSX Bridge Builder TrustPairCorr
  0.92BBTLX Bridge Builder TrustPairCorr
  0.87BBTIX Bridge Builder TaxPairCorr
  0.92BBVSX Bridge Builder SmallmidPairCorr
  0.92BBVLX Bridge Builder LargePairCorr
  0.92VWITX Vanguard Intermediate-terPairCorr
  0.95VWIUX Vanguard Intermediate-terPairCorr
  0.83AFTEX Tax Exempt BondPairCorr
  0.74AFTFX Tax Exempt BondPairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.77TEAFX Tax Exempt BondPairCorr
  0.77TFEBX Tax Exempt BondPairCorr
  0.93FLTMX Fidelity IntermediatePairCorr
  0.76MDNLX Blackrock NationalPairCorr
  0.7MFNLX Blackrock Natl MuniPairCorr
  0.75GAAKX Gmo Alternative AlloPairCorr
  0.75GAAGX Gmo Alternative AlloPairCorr
  0.63GPBFX Gmo E PlusPairCorr
  0.91LTTBX Mfs Lifetime 2025PairCorr
  0.88TSFYX Touchstone Small CapPairCorr
  0.9AFGGX Api Growth FundPairCorr
  0.91MTCLX Mfs TechnologyPairCorr
  0.72JYEBX Jhancock Real EstatePairCorr
  0.9IGRFX Ivy Mid CapPairCorr
  0.92JPBRX Jpmorgan SmartretirementPairCorr
  0.91SWJRX Schwab Monthly IncomePairCorr
  0.9RUSIX Rbc Ultra ShortPairCorr
  0.92RRPPX American Funds RetirementPairCorr

Moving against BRIDGE Mutual Fund

  0.36GPMFX Guidepath Managed FuturesPairCorr

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  0.27  0.04 (0.28)(4.50) 0.20 
(0.33)
 0.57 
(0.46)
 1.51 
BBGLX  0.71  0.26  0.14 (5.49) 0.58 
(0.85)
 2.20 
(1.41)
 5.06 
BBGSX  0.78  0.28  0.13 (1.44) 0.65 
(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  0.13  0.01 (0.41)(1.48) 0.14 
(0.18)
 0.31 
(0.21)
 1.05 
BBMHX  0.19 (0.01)(0.47) 0.00  0.19 
(0.27)
 0.42 
(0.31)
 1.34 
BBTBX  0.27  0.02 (0.31) 1.83  0.26 
(0.30)
 0.57 
(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  0.24  0.11 (2.91) 0.52 
(0.76)
 1.92 
(1.26)
 4.64 
BBTIX  0.57  0.19  0.06 (2.59) 0.44 
(0.68)
 1.29 
(1.18)
 3.36 

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