Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Trust
BBTLX Fund   15.70  0.01  0.06%   
The current 90-days correlation between Bridge Builder Trust and Bridge Builder E is 0.02 (i.e., Significant 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

Almost no diversification

The correlation between Bridge Builder Trust and DJI is 0.93 (i.e., Almost no 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 bureau of economic analysis.

Moving together with Bridge Mutual Fund

  0.77BBGLX Bridge Builder LargePairCorr
  0.77BBGSX Bridge Builder SmallmidPairCorr
  0.79BBIEX Bridge Builder InterPairCorr
  0.92BBMUX Bridge Builder MunicipalPairCorr
  0.72BBMHX Bridge Builder TrustPairCorr
  0.65BBTBX Bridge Builder EPairCorr
  0.99BBTSX Bridge Builder TrustPairCorr
  0.95BBTIX Bridge Builder TaxPairCorr
  0.75BBVSX Bridge Builder SmallmidPairCorr
  0.78BBVLX Bridge Builder LargePairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.98RPFCX Davis Appreciation IncomePairCorr
  0.95AGEAX Arbitrage EventPairCorr
  0.78NOIGX Northern InternationalPairCorr
  0.77RYAEX Europe 125x StrategyPairCorr
  0.95MKCPX Blackrock BalancedPairCorr
  0.76BSFIX Baron Small CapPairCorr
  0.73NSCRX Nuveen Nwq SmallPairCorr
  0.77CIMCX Income FundPairCorr
  0.99CSFYX Columbia ConvertiblePairCorr
  0.76RYTNX Sp 500 2xPairCorr
  0.7XECFX Ellsworth FundPairCorr
  0.99HMCNX Harbor Mid CapPairCorr
  0.92DSTIX Dreyfus Short TermPairCorr
  0.99AABHX American Century OnePairCorr
  0.78WSCGX Small Pany GrowthPairCorr
  0.74TMPRX Touchstone Mid CapPairCorr

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  0.03 (0.31) 14.62  0.19 
(0.31)
 0.46 
(0.46)
 1.27 
BBGLX  0.66  0.35  0.34 (12.16) 0.00 
(0.86)
 2.20 
(0.77)
 5.06 
BBGSX  0.74  0.32  0.22 (3.47) 0.33 
(0.91)
 2.38 
(1.10)
 5.71 
BBIEX  0.51  0.18  0.06 (2.40) 0.35 
(0.59)
 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  0.02 (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  0.10  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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