BBCPX vs. IVV
BBCPX (Bridge Builder Core Plus Bond Fund) and IVV (iShares Core S&P 500 ETF) are both funds - BBCPX is a Total Bond Market fund managed by Bridge Builder, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BBCPX returned 2.32%/yr vs 15.47%/yr for IVV. At a 0.03 correlation, their price movements are largely independent. BBCPX charges 0.15%/yr vs 0.03%/yr for IVV.
Performance
BBCPX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, BBCPX achieves a 0.03% return, which is significantly lower than IVV's 9.08% return. Over the past 10 years, BBCPX has underperformed IVV with an annualized return of 2.32%, while IVV has yielded a comparatively higher 15.47% annualized return.
BBCPX
- 1D
- 0.57%
- 1M
- 1.41%
- YTD
- 0.03%
- 6M
- 0.89%
- 1Y
- 5.64%
- 3Y*
- 4.96%
- 5Y*
- 0.69%
- 10Y*
- 2.32%
IVV
- 1D
- 0.55%
- 1M
- 0.36%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
BBCPX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBCPX Bridge Builder Core Plus Bond Fund | 0.03% | 8.97% | 2.28% | 6.58% | -13.24% | -0.29% | 9.27% | 9.31% | 0.34% | 4.20% |
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between BBCPX and IVV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.03 |
Over the past year, BBCPX and IVV have become more correlated (0.35) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
BBCPX vs. IVV — Risk / Return Rank
BBCPX
IVV
BBCPX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Core Plus Bond Fund (BBCPX) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBCPX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.76 | -1.08 |
| Martin ratioReturn relative to average drawdown | 4.88 | 12.43 | -7.56 |
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Drawdowns
BBCPX vs. IVV - Drawdown Comparison
The maximum BBCPX drawdown since its inception was -18.25%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BBCPX and IVV.
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Drawdown Indicators
| BBCPX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.25% | -55.25% | +37.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -8.89% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -6.19% | -18.75% | +12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -24.53% | +6.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.25% | -33.90% | +15.65% |
Current DrawdownCurrent decline from peak | -1.55% | -2.35% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -10.77% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.97% | -0.82% |
Volatility
BBCPX vs. IVV - Volatility Comparison
The current volatility for Bridge Builder Core Plus Bond Fund (BBCPX) is 1.62%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.37%. This indicates that BBCPX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCPX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 4.37% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 9.59% | -6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 12.28% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 16.95% | -10.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 18.08% | -13.18% |
BBCPX vs. IVV - Expense Ratio Comparison
BBCPX has a 0.15% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBCPX vs. IVV - Dividend Comparison
BBCPX's dividend yield for the trailing twelve months is around 4.51%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCPX Bridge Builder Core Plus Bond Fund | 4.51% | 4.79% | 4.93% | 4.12% | 2.96% | 2.39% | 4.70% | 5.00% | 3.47% | 2.71% | 0.64% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
BBCPX and IVV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.37%) compared to BBCPX (1.62%). In terms of maximum drawdown, BBCPX dropped -18.25% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.00 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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