Bridge Builder Correlations

BBTLX Fund

14.24 0.01 0.07%

The current 90-days correlation between Bridge Builder Trust and Mfs Diversified Income is -0.2 (i.e., 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

Good diversification

The correlation between Bridge Builder Trust and DJI is -0.05 (i.e., Good 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

0.78	BBGSX	Bridge Builder Smallmid	Pair Corr
0.94	BBTSX	Bridge Builder Trust	Pair Corr
0.82	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.77	VINIX	Vanguard Institutional	Pair Corr
0.77	VIIIX	Vanguard Institutional	Pair Corr

Moving against Bridge Mutual Fund

0.53	BBTBX	Bridge Builder E	Pair Corr
0.43	BBCPX	Bridge Builder E	Pair Corr
0.36	BBIEX	Bridge Builder Inter	Pair Corr
0.7	SDFAX	Swan Defined Risk	Pair Corr
0.62	VFFIX	Victory Incore	Pair Corr
0.39	PCCMX	Pimco Short Duration	Pair Corr
0.37	JEEIX	John Hancock Enduring	Pair Corr
0.33	IUCEX	Jpmorgan International	Pair Corr
0.56	MKTBX	Mainstay Tax Free	Pair Corr
0.5	FIKPX	Fidelity Government	Pair Corr

Related Correlations Analysis

	DIFIX	TFCAX	FZABX	EIIMX	BICPX	GPICX
DIFIX		0.85	0.9	0.94	0.89	0.87	DIFIX
TFCAX	0.85		0.82	0.84	0.65	0.92	TFCAX
FZABX	0.9	0.82		0.88	0.86	0.88	FZABX
EIIMX	0.94	0.84	0.88		0.76	0.84	EIIMX
BICPX	0.89	0.65	0.86	0.76		0.76	BICPX
GPICX	0.87	0.92	0.88	0.84	0.76		GPICX
	DIFIX	TFCAX	FZABX	EIIMX	BICPX	GPICX

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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
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
TFCAX	0.02	0.00	0.00	(0.28)	0.00	0.00	0.10	0.00	0.40
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16
EIIMX	0.31	0.03	0.23	0.38	0.28	(0.39)	0.63	(0.62)	1.91
BICPX	0.24	0.01	0.16	(0.02)	0.31	(0.30)	0.54	(0.45)	1.55
GPICX	0.03	0.00	0.00	(0.03)	0.00	0.00	0.10	(0.10)	0.41

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