BBCPX vs. JEMSX

Last updated Jun 5, 2026

BBCPX (Bridge Builder Core Plus Bond Fund) and JEMSX (JPMorgan Emerging Markets Equity Fund Class I) are both mutual funds - BBCPX is a Total Bond Market fund managed by Bridge Builder, while JEMSX is a Emerging Markets Equities fund managed by JPMorgan. Over the past 10 years, BBCPX returned 2.34%/yr vs 11.80%/yr for JEMSX. At a 0.04 correlation, their price movements are largely independent. BBCPX charges 0.15%/yr vs 0.99%/yr for JEMSX.

Performance

BBCPX vs. JEMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridge Builder Core Plus Bond Fund (BBCPX) and JPMorgan Emerging Markets Equity Fund Class I (JEMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBCPX achieves a -0.19% return, which is significantly lower than JEMSX's 31.83% return. Over the past 10 years, BBCPX has underperformed JEMSX with an annualized return of 2.34%, while JEMSX has yielded a comparatively higher 11.80% annualized return.

BBCPX

• 1D: -0.23%
• 1M: 0.15%
• YTD: -0.19%
• 6M: 0.10%
• 1Y: 5.28%
• 3Y*: 4.88%
• 5Y*: 0.75%
• 10Y*: 2.34%

JEMSX

• 1D: -0.88%
• 1M: 7.63%
• YTD: 31.83%
• 6M: 35.16%
• 1Y: 64.17%
• 3Y*: 25.16%
• 5Y*: 5.87%
• 10Y*: 11.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBCPX vs. JEMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBCPX Bridge Builder Core Plus Bond Fund	-0.19%	8.97%	2.28%	6.58%	-13.24%	-0.29%	9.27%	9.31%	0.34%	4.20%
JEMSX JPMorgan Emerging Markets Equity Fund Class I	31.83%	40.13%	3.39%	7.21%	-25.77%	-10.36%	34.73%	31.96%	-16.02%	42.49%

Correlation

The correlation between BBCPX and JEMSX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.04

The correlation between BBCPX and JEMSX shifts across timeframes, from 0.04 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BBCPX vs. JEMSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBCPX

BBCPX Risk / Return Rank: 23
BBCPX Sharpe Ratio Rank: 23
BBCPX Sortino Ratio Rank: 24
BBCPX Omega Ratio Rank: 23
BBCPX Calmar Ratio Rank: 24
BBCPX Martin Ratio Rank: 21

JEMSX

JEMSX Risk / Return Rank: 91
JEMSX Sharpe Ratio Rank: 95
JEMSX Sortino Ratio Rank: 86
JEMSX Omega Ratio Rank: 86
JEMSX Calmar Ratio Rank: 93
JEMSX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBCPX vs. JEMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Core Plus Bond Fund (BBCPX) and JPMorgan Emerging Markets Equity Fund Class I (JEMSX). 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.

	BBCPX	JEMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.39	-2.01
Sortino ratio: Return per unit of downside risk	2.04	4.15	-2.12
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.35
Calmar ratio: Return relative to maximum drawdown	1.79	5.23	-3.45
Martin ratio: Return relative to average drawdown	5.38	21.88	-16.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBCPX vs. JEMSX - Sharpe Ratio Comparison

The current BBCPX Sharpe Ratio is 1.38, which is lower than the JEMSX Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of BBCPX and JEMSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBCPX	JEMSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	3.39	-2.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.31	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.61	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.31	+0.22

Drawdowns

BBCPX vs. JEMSX - Drawdown Comparison

The maximum BBCPX drawdown since its inception was -18.25%, smaller than the maximum JEMSX drawdown of -62.07%. Use the drawdown chart below to compare losses from any high point for BBCPX and JEMSX.

Drawdown Indicators

	BBCPX	JEMSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	-62.07%	+43.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.41%	-12.57%	+9.16%
Max Drawdown (3Y) Largest decline over 3 years	-6.19%	-15.10%	+8.91%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	-44.92%	+26.67%
Max Drawdown (10Y) Largest decline over 10 years	-18.25%	-49.59%	+31.34%
Current Drawdown Current decline from peak	-1.77%	-0.88%	-0.89%
Average Drawdown Average peak-to-trough decline	-3.79%	-21.68%	+17.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	3.00%	-1.89%

Volatility

BBCPX vs. JEMSX - Volatility Comparison

The current volatility for Bridge Builder Core Plus Bond Fund (BBCPX) is 1.61%, while JPMorgan Emerging Markets Equity Fund Class I (JEMSX) has a volatility of 8.08%. This indicates that BBCPX experiences smaller price fluctuations and is considered to be less risky than JEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBCPX	JEMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	8.08%	-6.47%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	16.27%	-13.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	19.41%	-15.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	19.24%	-13.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.89%	19.44%	-14.55%

BBCPX vs. JEMSX - Expense Ratio Comparison

BBCPX has a 0.15% expense ratio, which is lower than JEMSX's 0.99% expense ratio.

Dividends

BBCPX vs. JEMSX - Dividend Comparison

BBCPX's dividend yield for the trailing twelve months is around 4.52%, more than JEMSX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBCPX Bridge Builder Core Plus Bond Fund	4.52%	4.79%	4.93%	4.12%	2.96%	2.39%	4.70%	5.00%	3.47%	2.71%	0.64%	0.00%
JEMSX JPMorgan Emerging Markets Equity Fund Class I	0.95%	1.26%	1.41%	1.45%	0.37%	3.80%	0.09%	0.76%	0.87%	0.39%	0.66%	0.67%

Frequently Asked Questions

Can I hold both BBCPX and JEMSX in my portfolio?

BBCPX and JEMSX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBCPX or JEMSX?

JEMSX has higher volatility (8.08%) compared to BBCPX (1.61%). In terms of maximum drawdown, BBCPX dropped -18.25% vs JEMSX's -62.07%.

Which has better risk-adjusted returns?

JEMSX currently has the higher Sharpe Ratio (3.39 vs 1.38), 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.