BBCPX vs. USHY
BBCPX (Bridge Builder Core Plus Bond Fund) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both funds - BBCPX is a Total Bond Market fund managed by Bridge Builder, while USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained. Over the past 5 years, BBCPX returned 0.85%/yr vs 4.24%/yr for USHY. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
BBCPX vs. USHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBCPX achieves a 0.03% return, which is significantly lower than USHY's 1.42% return.
BBCPX
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 0.03%
- 6M
- 0.11%
- 1Y
- 6.13%
- 3Y*
- 4.96%
- 5Y*
- 0.85%
- 10Y*
- 2.36%
USHY
- 1D
- -0.27%
- 1M
- 0.40%
- YTD
- 1.42%
- 6M
- 1.77%
- 1Y
- 7.02%
- 3Y*
- 8.91%
- 5Y*
- 4.24%
- 10Y*
- —
BBCPX vs. USHY - 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% | 0.86% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.42% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between BBCPX and USHY is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.33 |
Over the past year, BBCPX and USHY have become more correlated (0.57) than their long-term average of 0.33, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBCPX vs. USHY — Risk / Return Rank
BBCPX
USHY
BBCPX vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Core Plus Bond Fund (BBCPX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.90 | -1.04 |
| Martin ratioReturn relative to average drawdown | 5.62 | 13.03 | -7.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BBCPX | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.93 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.58 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.58 | -0.05 |
Drawdowns
BBCPX vs. USHY - Drawdown Comparison
The maximum BBCPX drawdown since its inception was -18.25%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BBCPX and USHY.
Loading charts...
Drawdown Indicators
| BBCPX | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.25% | -22.44% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -2.43% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.19% | -4.66% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -15.56% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -18.25% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.27% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -2.67% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.54% | +0.57% |
Volatility
BBCPX vs. USHY - Volatility Comparison
Bridge Builder Core Plus Bond Fund (BBCPX) has a higher volatility of 1.66% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that BBCPX's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBCPX | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.13% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 2.91% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.65% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 7.34% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 8.25% | -3.36% |
BBCPX vs. USHY - Expense Ratio Comparison
Both BBCPX and USHY have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BBCPX vs. USHY - Dividend Comparison
BBCPX's dividend yield for the trailing twelve months is around 4.51%, less than USHY's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.92% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% |
Frequently Asked Questions
BBCPX and USHY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBCPX has higher volatility (1.66%) compared to USHY (1.13%). In terms of maximum drawdown, BBCPX dropped -18.25% vs USHY's -22.44%.
USHY currently has the higher Sharpe Ratio (1.93 vs 1.44), 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.
Find the right allocation for BBCPX and USHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer