Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Trust
BBTSX Fund   11.73  0.06  0.51%   
The current 90-days correlation between Bridge Builder Trust and Intermediate Bond Fund is -0.11 (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 -0.06 (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 state.

Moving together with Bridge Mutual Fund

  0.77BBGSX Bridge Builder SmallmidPairCorr
  0.94BBTLX Bridge Builder TrustPairCorr
  0.76VIMAX Vanguard Mid CapPairCorr
  0.76VIMSX Vanguard Mid CapPairCorr
  0.76VMCPX Vanguard Mid CapPairCorr
  0.76VMCIX Vanguard Mid CapPairCorr
  0.78VEXAX Vanguard Extended MarketPairCorr
  0.78VEMPX Vanguard Extended MarketPairCorr
  0.78VIEIX Vanguard Extended MarketPairCorr
  0.78VSEMX Vanguard Extended MarketPairCorr
  0.78VEXMX Vanguard Extended MarketPairCorr
  0.78FSMAX Fidelity Extended MarketPairCorr
  0.76VTSAX Vanguard Total StockPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.76VTSMX Vanguard Total StockPairCorr
  0.76VSMPX Vanguard Total StockPairCorr
  0.76VSTSX Vanguard Total StockPairCorr
  0.76VITSX Vanguard Total StockPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.75VFFSX Vanguard 500 IndexPairCorr

Moving against Bridge Mutual Fund

  0.69BBTBX Bridge Builder EPairCorr
  0.53BBCPX Bridge Builder EPairCorr
  0.46BBIEX Bridge Builder InterPairCorr
  0.35BBMHX Bridge Builder TrustPairCorr
  0.34BBMUX Bridge Builder MunicipalPairCorr
  0.34BBTIX Bridge Builder TaxPairCorr
  0.61LSIZX Columbia Strategic IncomePairCorr
  0.6FHNFX Fidelity Series GovePairCorr
  0.42PIEFX Pnc Emerging MarketsPairCorr
  0.39JIGIX John Hancock InternaPairCorr
  0.37MBLCX Madison DiversifiedPairCorr
  0.36VGTSX Vanguard Total InterPairCorr
  0.36VTIAX Vanguard Total InterPairCorr
  0.32FABIX FabixPairCorr

Related Correlations Analysis

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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.

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