Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Trust
BBTSX Fund   12.68  0.01  0.08%   
The current 90-days correlation between Bridge Builder Trust and Gmo High Yield is -0.21 (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

Very poor diversification

The correlation between Bridge Builder Trust and DJI is 0.89 (i.e., Very poor 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 state.

Moving together with Bridge Mutual Fund

  0.74BBCPX Bridge Builder EPairCorr
  0.97BBGLX Bridge Builder LargePairCorr
  0.97BBGSX Bridge Builder SmallmidPairCorr
  0.95BBIEX Bridge Builder InterPairCorr
  0.91BBMUX Bridge Builder MunicipalPairCorr
  0.74BBMHX Bridge Builder TrustPairCorr
  0.61BBTBX Bridge Builder EPairCorr
  0.97BBTLX Bridge Builder TrustPairCorr
  0.95BBTIX Bridge Builder TaxPairCorr
  0.97BBVSX Bridge Builder SmallmidPairCorr
  0.99BBVLX Bridge Builder LargePairCorr
  1.0VIMAX Vanguard Mid CapPairCorr
  0.98VIMSX Vanguard Mid CapPairCorr
  1.0VMCPX Vanguard Mid CapPairCorr
  1.0VMCIX Vanguard Mid CapPairCorr
  1.0VEXAX Vanguard Extended MarketPairCorr
  1.0VEMPX Vanguard Extended MarketPairCorr
  0.98VIEIX Vanguard Extended MarketPairCorr
  0.96VSEMX Vanguard Extended MarketPairCorr
  1.0VEXMX Vanguard Extended MarketPairCorr
  1.0FSMAX Fidelity Extended MarketPairCorr
  0.93PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.7NXJ Nuveen New JerseyPairCorr
  0.94PCF Putnam High IncomePairCorr
  0.98SGTTX Columbia Seligman GlobalPairCorr
  0.99MUBFX Mainstay Map EquityPairCorr
  0.95JMNSX Jpmorgan Research MarketPairCorr
  0.95DVRJX Mfs Global AlternativePairCorr
  0.95QICNX Aqr International MultiPairCorr
  0.97BUYGX Cboe Vest LargePairCorr
  0.99RRFDX T Rowe PricePairCorr
  0.97TDVFX Towle Deep ValuePairCorr
  0.97OARDX Oppenheimer RisingPairCorr
  0.91CUBRX Calvert Flexible BondPairCorr

Moving against Bridge Mutual Fund

  0.39XDSMX Dreyfus StrategicPairCorr
  0.39XNBHX Neuberger Berman IntPairCorr

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.

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