Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Tax
BBTIX Fund   12.81  0.06  0.47%   
The current 90-days correlation between Bridge Builder Tax and Bridge Builder E is 0.34 (i.e., Weak 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 Tax and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Tax 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 Tax. 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 gross domestic product.

Moving together with Bridge Mutual Fund

  0.71BBCPX Bridge Builder EPairCorr
  0.96BBGLX Bridge Builder LargePairCorr
  0.97BBGSX Bridge Builder SmallmidPairCorr
  0.98BBIEX Bridge Builder InterPairCorr
  0.87BBMUX Bridge Builder MunicipalPairCorr
  0.74BBMHX Bridge Builder TrustPairCorr
  0.93BBTSX Bridge Builder TrustPairCorr
  0.95BBTLX Bridge Builder TrustPairCorr
  0.94BBVSX Bridge Builder SmallmidPairCorr
  0.94BBVLX Bridge Builder LargePairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.97VTMGX Vanguard DevelopedPairCorr
  0.97VDVIX Vanguard DevelopedPairCorr
  0.99VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.98FSPSX Fidelity InternationalPairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.96PLGAX Largecap GrowthPairCorr
  0.94RPFCX Davis Appreciation IncomePairCorr
  0.93QSMRX Aqr Small CapPairCorr
  0.92ACWZX Aamg Funds IvPairCorr
  0.94JCE Nuveen Core EquityPairCorr
  0.97JSAIX Jpmorgan SmartretirementPairCorr
  0.83FESIX Fidelity Sai RealPairCorr
  0.85ASDAX Aamhimco Short DurationPairCorr
  0.83ACVIX Small Cap ValuePairCorr
  0.95MEFFX Massmutual Select MidPairCorr
  0.95TLYRX Tiaa Cref LifecyclePairCorr
  0.98WVCCX Aberdeen Gbl SmallPairCorr
  0.93PSLDX Pimco Stocksplus LongPairCorr
  0.7BDVIX Bmo Servative AllocationPairCorr
  0.89AGEAX Arbitrage EventPairCorr
  0.96KAUIX Federated KaufmannPairCorr
  0.8HULFX Hawaiian Tax FreePairCorr

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 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY