Bridge Builder Correlations
| BBVLX Fund | USD 17.24 0.08 0.46% |
The current 90-days correlation between Bridge Builder Large and Goldman Sachs Short is 0.05 (i.e., Significant 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
Poor diversification
The correlation between Bridge Builder Large and DJI is 0.6 (i.e., Poor 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.
Bridge |
Moving together with Bridge Mutual Fund
| 0.8 | BBGLX | Bridge Builder Large | PairCorr |
| 0.84 | BBVSX | Bridge Builder Smallmid | PairCorr |
| 0.67 | AFMFX | American Mutual | PairCorr |
| 0.67 | FFMMX | American Funds American | PairCorr |
| 0.67 | FFFMX | American Funds American | PairCorr |
| 0.67 | AMRMX | American Mutual | PairCorr |
| 0.68 | AMFFX | American Mutual | PairCorr |
| 0.68 | AMFCX | American Mutual | PairCorr |
| 0.66 | DODGX | Dodge Stock Fund | PairCorr |
Related Correlations Analysis
| 0.95 | 0.92 | 0.92 | 0.94 | 0.9 | GANPX | ||
| 0.95 | 0.97 | 0.96 | 0.97 | 0.89 | ABNTX | ||
| 0.92 | 0.97 | 0.98 | 0.96 | 0.9 | MBSAX | ||
| 0.92 | 0.96 | 0.98 | 0.95 | 0.83 | TAADX | ||
| 0.94 | 0.97 | 0.96 | 0.95 | 0.89 | PRVBX | ||
| 0.9 | 0.89 | 0.9 | 0.83 | 0.89 | GHVIX | ||
| 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GANPX | 0.06 | 0.00 | 0.42 | 0.03 | 0.00 | 0.10 | 0.48 | |||
| ABNTX | 0.15 | 0.03 | 0.41 | 2.19 | 0.00 | 0.30 | 0.99 | |||
| MBSAX | 0.18 | 0.02 | 0.29 | 0.16 | 0.19 | 0.36 | 1.34 | |||
| TAADX | 0.22 | 0.02 | 0.27 | 0.33 | 0.18 | 0.50 | 1.27 | |||
| PRVBX | 0.10 | 0.01 | 0.68 | 0.24 | 0.00 | 0.23 | 0.53 | |||
| GHVIX | 0.16 | 0.01 | 0.31 | 0.04 | 0.16 | 0.30 | 1.01 |