BBGLX vs. FXAIX

Last updated Jun 23, 2026

BBGLX (Bridge Builder Large Cap Growth Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - BBGLX is a Large Cap Growth Equities fund managed by Bridge Builder, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BBGLX returned 13.75%/yr vs 15.58%/yr for FXAIX. Their correlation of 0.94 suggests significant overlap in exposure. BBGLX charges 0.19%/yr vs 0.02%/yr for FXAIX.

Performance

BBGLX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridge Builder Large Cap Growth Fund (BBGLX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBGLX achieves a 3.18% return, which is significantly lower than FXAIX's 10.19% return. Over the past 10 years, BBGLX has underperformed FXAIX with an annualized return of 13.75%, while FXAIX has yielded a comparatively higher 15.58% annualized return.

BBGLX

• 1D: 1.24%
• 1M: -0.77%
• YTD: 3.18%
• 6M: 2.35%
• 1Y: 4.74%
• 3Y*: 12.59%
• 5Y*: 6.95%
• 10Y*: 13.75%

FXAIX

• 1D: 1.09%
• 1M: 0.47%
• YTD: 10.19%
• 6M: 9.68%
• 1Y: 27.18%
• 3Y*: 20.98%
• 5Y*: 14.10%
• 10Y*: 15.58%

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

BBGLX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBGLX Bridge Builder Large Cap Growth Fund	3.18%	2.79%	21.45%	32.21%	-26.82%	23.34%	34.84%	33.32%	0.10%	25.33%
FXAIX Fidelity 500 Index Fund	10.19%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between BBGLX and FXAIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015	0.94

The correlation between BBGLX and FXAIX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

BBGLX vs. FXAIX — Risk / Return Rank

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

BBGLX

BBGLX Risk / Return Rank: 4
BBGLX Sharpe Ratio Rank: 5
BBGLX Sortino Ratio Rank: 4
BBGLX Omega Ratio Rank: 5
BBGLX Calmar Ratio Rank: 4
BBGLX Martin Ratio Rank: 4

FXAIX

FXAIX Risk / Return Rank: 66
FXAIX Sharpe Ratio Rank: 64
FXAIX Sortino Ratio Rank: 59
FXAIX Omega Ratio Rank: 61
FXAIX Calmar Ratio Rank: 68
FXAIX Martin Ratio Rank: 79

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.

BBGLX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Large Cap Growth Fund (BBGLX) and Fidelity 500 Index Fund (FXAIX). 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.

	BBGLX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	2.17	-1.90
Sortino ratio: Return per unit of downside risk	0.45	2.93	-2.48
Omega ratio: Gain probability vs. loss probability	1.06	1.39	-0.33
Calmar ratio: Return relative to maximum drawdown	0.20	3.04	-2.84
Martin ratio: Return relative to average drawdown	0.48	13.75	-13.27

BBGLX vs. FXAIX - Sharpe Ratio Comparison

The current BBGLX Sharpe Ratio is 0.27, which is lower than the FXAIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of BBGLX and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBGLX vs. FXAIX - Drawdown Comparison

The maximum BBGLX drawdown since its inception was -32.31%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BBGLX and FXAIX.

Drawdown Indicators

	BBGLX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-33.79%	+1.48%
Max Drawdown (1Y) Largest decline over 1 year	-22.44%	-8.89%	-13.55%
Max Drawdown (3Y) Largest decline over 3 years	-22.44%	-18.76%	-3.68%
Max Drawdown (5Y) Largest decline over 5 years	-32.31%	-24.50%	-7.81%
Max Drawdown (10Y) Largest decline over 10 years	-32.31%	-33.79%	+1.48%
Current Drawdown Current decline from peak	-8.49%	-1.36%	-7.13%
Average Drawdown Average peak-to-trough decline	-6.23%	-3.79%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	1.96%	+7.18%

Volatility

BBGLX vs. FXAIX - Volatility Comparison

Bridge Builder Large Cap Growth Fund (BBGLX) has a higher volatility of 5.13% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. This indicates that BBGLX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBGLX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	4.77%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	9.91%	+4.10%
Volatility (1Y) Calculated over the trailing 1-year period	16.45%	12.47%	+3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	17.01%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	18.11%	+1.36%

BBGLX vs. FXAIX - Expense Ratio Comparison

BBGLX has a 0.19% expense ratio, which is higher than FXAIX's 0.02% 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

BBGLX vs. FXAIX - Dividend Comparison

BBGLX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBGLX Bridge Builder Large Cap Growth Fund	0.00%	0.00%	7.16%	0.78%	0.71%	7.71%	3.67%	2.05%	5.25%	0.80%	0.92%	0.52%
FXAIX Fidelity 500 Index Fund	1.04%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both BBGLX and FXAIX in my portfolio?

With a correlation of 0.92, BBGLX and FXAIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBGLX or FXAIX?

BBGLX has higher volatility (5.13%) compared to FXAIX (4.77%). In terms of maximum drawdown, BBGLX dropped -32.31% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.17 vs 0.27), 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.