Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Large
BBVLX Fund  USD 17.88  0.03  0.17%   
The current 90-days correlation between Bridge Builder Large and Lebenthal Lisanti Small is 0.8 (i.e., Very 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

Almost no diversification

The correlation between Bridge Builder Large and DJI is 0.94 (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 Large 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 Large. 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

  0.76BBCPX Bridge Builder EPairCorr
  0.67BBGLX Bridge Builder LargePairCorr
  0.67BBGSX Bridge Builder SmallmidPairCorr
  0.95BBIEX Bridge Builder InterPairCorr
  0.92BBMUX Bridge Builder MunicipalPairCorr
  0.75BBMHX Bridge Builder TrustPairCorr
  0.63BBTBX Bridge Builder EPairCorr
  0.99BBTSX Bridge Builder TrustPairCorr
  0.99BBTLX Bridge Builder TrustPairCorr
  0.95BBTIX Bridge Builder TaxPairCorr
  0.99BBVSX Bridge Builder SmallmidPairCorr
  0.74VVIAX Vanguard Value IndexPairCorr
  0.77DOXGX Dodge Cox StockPairCorr
  0.66AFMFX American MutualPairCorr
  0.66FFMMX American Funds AmericanPairCorr
  0.66FFFMX American Funds AmericanPairCorr
  0.74AMRMX American MutualPairCorr
  0.74AMFFX American MutualPairCorr
  0.74AMFCX American MutualPairCorr
  0.77DODGX Dodge Stock FundPairCorr
  0.74VIVAX Vanguard Value IndexPairCorr
  0.7PDI Pimco Dynamic IncomePairCorr
  0.67FTCAX Templeton Strained BondPairCorr
  0.99TQCAX Touchstone DividendPairCorr
  0.67RRTCX T Rowe PricePairCorr
  0.99QUAIX Ab Small CapPairCorr
  0.98LMPLX Clearbridge Large CapPairCorr
  0.74DFISX International Small PanyPairCorr
  0.96COSOX Columbia OverseasPairCorr
  0.96NRICX Nuveen Real AssetPairCorr

Moving against Bridge Mutual Fund

  0.75USPSX Profunds UltrashortPairCorr
  0.75USPIX Profunds UltrashortPairCorr
  0.74UIPIX Ultrashort 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.

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