Bridge Builder Correlations

BBGLX Fund

USD 26.36 0.08 0.30%

The current 90-days correlation between Bridge Builder Large and One Choice Portfolio is 0.66 (i.e., 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

Weak diversification

The correlation between Bridge Builder Large and DJI is 0.36 (i.e., Weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridge Builder Large. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Bridge Mutual Fund

0.93	FAFGX	American Funds	Pair Corr
0.93	FFAFX	American Funds	Pair Corr
0.94	GFACX	Growth Fund	Pair Corr
0.93	GFAFX	Growth Fund	Pair Corr
0.94	CGFFX	Growth Fund	Pair Corr
0.94	CGFCX	Growth Fund	Pair Corr
0.94	CGFAX	Growth Fund	Pair Corr
0.94	CGFEX	Growth Fund	Pair Corr
0.94	RGAEX	Growth Fund	Pair Corr
0.63	VGTSX	Vanguard Total Inter	Pair Corr
0.63	VTIAX	Vanguard Total Inter	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.77	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.66	PG	Procter Gamble	Pair Corr

Moving against Bridge Mutual Fund

0.7	VZ	Verizon Communications	Pair Corr
0.53	BA	Boeing	Pair Corr

Related Correlations Analysis

	AORYX	MPHSX	BXHCX	HAHAX	SGYAX	CHYDX
AORYX		0.65	0.61	0.56	0.37	0.53	AORYX
MPHSX	0.65		0.85	0.85	0.91	0.9	MPHSX
BXHCX	0.61	0.85		0.98	0.72	0.75	BXHCX
HAHAX	0.56	0.85	0.98		0.75	0.78	HAHAX
SGYAX	0.37	0.91	0.72	0.75		0.93	SGYAX
CHYDX	0.53	0.9	0.75	0.78	0.93		CHYDX
	AORYX	MPHSX	BXHCX	HAHAX	SGYAX	CHYDX

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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
AORYX	0.44	0.02	(0.05)	0.12	0.56	(0.47)	0.93	(0.72)	3.76
MPHSX	0.12	0.01	(0.30)	0.25	0.00	(0.19)	0.25	(0.25)	1.11
BXHCX	0.12	0.01	(0.31)	0.36	0.00	(0.19)	0.50	(0.25)	1.11
HAHAX	0.15	0.01	(0.28)	0.48	0.05	(0.23)	0.57	(0.29)	1.29
SGYAX	0.14	0.02	(0.30)	0.45	0.00	(0.25)	0.28	(0.28)	1.27
CHYDX	0.10	0.02	(0.34)	0.37	0.00	(0.18)	0.26	(0.13)	0.64

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