Bridge Builder Correlations

BBTSX Fund   13.57  0.03  0.22%   
The current 90-days correlation between Bridge Builder Trust and Ab Bond Inflation is 0.08 (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

Almost no diversification

The correlation between Bridge Builder Trust and DJI is 0.91 (i.e., Almost no 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

  0.96BBGLX Bridge Builder LargePairCorr
  0.99BBGSX Bridge Builder SmallmidPairCorr
  0.97BBTLX Bridge Builder TrustPairCorr
  0.99BBVSX Bridge Builder SmallmidPairCorr
  0.98BBVLX Bridge Builder LargePairCorr
  0.98VIMAX Vanguard Mid CapPairCorr
  0.98VIMSX Vanguard Mid CapPairCorr
  0.98VMCPX Vanguard Mid CapPairCorr
  0.98VMCIX Vanguard Mid CapPairCorr
  0.98VEXAX Vanguard Extended MarketPairCorr
  0.98VEMPX Vanguard Extended MarketPairCorr
  0.98VIEIX Vanguard Extended MarketPairCorr
  0.98VSEMX Vanguard Extended MarketPairCorr
  0.98VEXMX Vanguard Extended MarketPairCorr
  0.98FSMAX Fidelity Extended MarketPairCorr
  0.87BDJ Blackrock Enhanced EquityPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.93CII Blackrock EnhancedPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.76TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.81CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.61XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.89CVX Chevron Corp Sell-off TrendPairCorr
  0.83JPM JPMorgan Chase Sell-off TrendPairCorr
  0.88BAC Bank of America Aggressive PushPairCorr

Moving against Bridge Mutual Fund

  0.64BBTBX Bridge Builder EPairCorr
  0.62BBCPX Bridge Builder EPairCorr
  0.57PFHCX Pacific Funds SmallPairCorr
  0.52BBTIX Bridge Builder TaxPairCorr
  0.45BBIEX Bridge Builder InterPairCorr
  0.39NHS Neuberger Berman HighPairCorr
  0.77JNJ Johnson Johnson Sell-off TrendPairCorr
  0.72KO Coca Cola Aggressive PushPairCorr
  0.69PFE Pfizer Inc Aggressive PushPairCorr
  0.59BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ABIMXTFBIX
DHGCXABNTX
XFINXARTFX
ABIMXDHGCX
ABIMXMBSAX
MBSAXABNTX
  
High negative correlations   
ARTFXDHGCX
XFINXDHGCX
XFINXABNTX
ARTFXABNTX
ABIMXXFINX

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.