Bridge Builder Correlations

BBCPX Fund

USD 8.86 0.01 0.11%

The current 90-days correlation between Bridge Builder E and Commonwealth Global Fund is 0.16 (i.e., Average 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 E 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 E 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 E. 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 american community survey.

Moving together with Bridge Mutual Fund

0.7	BBIEX	Bridge Builder Inter	Pair Corr
0.71	BBMUX	Bridge Builder Municipal	Pair Corr
1.0	BBTBX	Bridge Builder E	Pair Corr
0.68	BBTIX	Bridge Builder Tax	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
1.0	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
0.97	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
0.97	MWTIX	Metropolitan West Total	Pair Corr
1.0	MWTRX	Metropolitan West Total	Pair Corr
0.86	HLDIX	Hartford Emerging	Pair Corr
0.86	HLDRX	Hartford Emerging	Pair Corr
0.87	HLDAX	Hartford Emerging	Pair Corr
0.87	HLDCX	Hartford Emerging	Pair Corr
0.83	HLDTX	Hartford Emerging	Pair Corr

Moving against Bridge Mutual Fund

0.72	BBTLX	Bridge Builder Trust	Pair Corr
0.67	BBGSX	Bridge Builder Smallmid	Pair Corr
0.66	BBGLX	Bridge Builder Large	Pair Corr
0.64	BBVSX	Bridge Builder Smallmid	Pair Corr
0.62	BBVLX	Bridge Builder Large	Pair Corr
0.61	BBTSX	Bridge Builder Trust	Pair Corr
0.77	QAISX	Q3 All Weather	Pair Corr
0.74	FMILX	Fidelity New Millennium	Pair Corr
0.72	JFRNX	Janus Forty Fund	Pair Corr
0.69	USA	Liberty All Star	Pair Corr
0.64	GMXIX	Nationwide Mid Cap	Pair Corr
0.63	DFMAX	Davidson Multi Cap	Pair Corr
0.61	GSCYX	Small Cap Equity	Pair Corr
0.56	SSCCX	Small Capitalization	Pair Corr
0.47	JDBRX	Janus Balanced	Pair Corr

Related Correlations Analysis

	CNGLX	TWBIX	RYMBX	APDTX	USCAX	LIOTX	EICVX
CNGLX		0.7	0.2	0.47	0.68	0.43	0.47	CNGLX
TWBIX	0.7		0.4	0.87	0.82	0.69	0.77	TWBIX
RYMBX	0.2	0.4		0.49	0.21	0.35	0.29	RYMBX
APDTX	0.47	0.87	0.49		0.81	0.89	0.87	APDTX
USCAX	0.68	0.82	0.21	0.81		0.82	0.85	USCAX
LIOTX	0.43	0.69	0.35	0.89	0.82		0.88	LIOTX
EICVX	0.47	0.77	0.29	0.87	0.85	0.88		EICVX
	CNGLX	TWBIX	RYMBX	APDTX	USCAX	LIOTX	EICVX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CNGLX	0.54	0.00	(0.14)	(2.29)	0.78	(0.52)	1.04	(1.18)	3.68
TWBIX	0.35	0.04	(0.14)	1.84	0.41	(0.39)	0.77	(0.92)	2.38
RYMBX	0.91	(0.02)	0.00	0.36	0.00	0.00	1.84	(2.13)	4.53
APDTX	0.78	0.15	0.03	2.62	1.01	(0.78)	1.73	(1.27)	5.07
USCAX	0.93	0.10	0.00	0.57	0.94	(1.08)	2.07	(1.70)	7.45
LIOTX	0.63	0.14	0.04	1.03	0.69	(0.74)	1.25	(1.28)	3.54
EICVX	0.48	(0.01)	(0.12)	0.09	0.41	(0.56)	1.06	(0.73)	2.04

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