Bridge Builder Correlations

BBGSX Fund

USD 16.59 0.16 0.97%

The current 90-days correlation between Bridge Builder Smallmid and Ab Value Fund is 0.84 (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

Very poor diversification

The correlation between Bridge Builder Smallmid and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder Smallmid 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 Smallmid. 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

0.85	PAMCX	T Rowe Price	Pair Corr
0.85	RRMGX	T Rowe Price	Pair Corr
0.85	TRQZX	T Rowe Price	Pair Corr
0.99	RPMGX	T Rowe Price	Pair Corr
0.81	PRJIX	T Rowe Price	Pair Corr
0.81	TRUZX	T Rowe Price	Pair Corr
0.76	PCBIX	Midcap Fund Institutional	Pair Corr
0.92	PEMGX	Midcap Fund Class	Pair Corr
0.75	PMBCX	Midcap Fund Class	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Bridge Mutual Fund

0.39

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	ABVCX	FLAKQX	RPBAX	IEMSX	IPSAX	WRLDX	FMFTX	FKHEMX
ABVCX		0.83	0.97	0.95	0.85	0.96	0.96	0.82	ABVCX
FLAKQX	0.83		0.86	0.86	0.97	0.84	0.82	0.98	FLAKQX
RPBAX	0.97	0.86		0.97	0.84	0.98	0.97	0.85	RPBAX
IEMSX	0.95	0.86	0.97		0.83	0.95	0.92	0.83	IEMSX
IPSAX	0.85	0.97	0.84	0.83		0.82	0.82	0.98	IPSAX
WRLDX	0.96	0.84	0.98	0.95	0.82		0.96	0.84	WRLDX
FMFTX	0.96	0.82	0.97	0.92	0.82	0.96		0.83	FMFTX
FKHEMX	0.82	0.98	0.85	0.83	0.98	0.84	0.83		FKHEMX
	ABVCX	FLAKQX	RPBAX	IEMSX	IPSAX	WRLDX	FMFTX	FKHEMX

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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
ABVCX	0.51	0.00	(0.09)	0.24	0.39	(0.58)	1.11	(0.74)	4.39
FLAKQX	0.59	0.28	0.02	(1.56)	0.00	(0.70)	1.48	(0.80)	3.30
RPBAX	0.32	0.02	(0.24)	0.27	0.00	(0.39)	0.80	(0.51)	2.42
IEMSX	0.53	0.19	0.04	0.88	0.00	(0.69)	1.39	(0.67)	3.24
IPSAX	0.39	0.16	(0.19)	(1.45)	0.08	(0.50)	0.75	(0.72)	3.51
WRLDX	0.46	0.01	(0.18)	0.25	0.27	(0.53)	1.09	(0.78)	2.40
FMFTX	0.58	0.03	(0.10)	0.29	0.40	(0.64)	1.50	(0.90)	3.35
FKHEMX	0.57	0.21	(0.05)	(4.07)	0.29	(0.68)	1.49	(0.88)	4.58

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