Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder Trust
BBTLX Fund   15.36  0.02  0.13%   
The current 90-days correlation between Bridge Builder Trust and Qs Large Cap 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

Very poor diversification

The correlation between Bridge Builder Trust and DJI is 0.86 (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 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

  0.99BBGLX Bridge Builder LargePairCorr
  0.98BBGSX Bridge Builder SmallmidPairCorr
  0.97BBTSX Bridge Builder TrustPairCorr
  0.97BBVSX Bridge Builder SmallmidPairCorr
  0.97BBVLX Bridge Builder LargePairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.94FTCAX Templeton Strained BondPairCorr
  0.84PYAIX Payden Absolute ReturnPairCorr
  0.85PYARX Payden Absolute ReturnPairCorr
  0.89BCAAX Brandywineglobal CPairCorr
  0.98FCLCX Fidelity Advisor IndPairCorr
  0.9BALFX American BalancedPairCorr
  0.94WWLAX Westwood Largecap ValuePairCorr
  0.89TUHYX T Rowe PricePairCorr
  0.96FAGIX Fidelity Capital IncomePairCorr
  0.95HNSGX Harbor Small CapPairCorr
  0.94JDBRX Janus BalancedPairCorr
  0.97GMXIX Nationwide Mid CapPairCorr
  0.95PRISX T Rowe PricePairCorr

Moving against Bridge Mutual Fund

  0.74BBTBX Bridge Builder EPairCorr
  0.72BBCPX Bridge Builder EPairCorr
  0.57BBTIX Bridge Builder TaxPairCorr
  0.51BBIEX Bridge Builder InterPairCorr
  0.97USPSX Profunds UltrashortPairCorr
  0.97UIPIX Ultrashort Mid CapPairCorr
  0.96USPIX Profunds UltrashortPairCorr

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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