BBIEX vs. IEFA
BBIEX (Bridge Builder International Equity Fund) and IEFA (iShares Core MSCI EAFE ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, BBIEX returned 8.06%/yr vs 9.37%/yr for IEFA. With a 0.96 correlation, they move nearly in lockstep. BBIEX charges 0.37%/yr vs 0.07%/yr for IEFA.
Performance
BBIEX vs. IEFA - Performance Comparison
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Returns By Period
In the year-to-date period, BBIEX achieves a 5.18% return, which is significantly lower than IEFA's 7.49% return. Over the past 10 years, BBIEX has underperformed IEFA with an annualized return of 8.06%, while IEFA has yielded a comparatively higher 9.37% annualized return.
BBIEX
- 1D
- -2.43%
- 1M
- -0.85%
- YTD
- 5.18%
- 6M
- -2.06%
- 1Y
- 4.24%
- 3Y*
- 11.34%
- 5Y*
- 4.36%
- 10Y*
- 8.06%
IEFA
- 1D
- 0.63%
- 1M
- -1.17%
- YTD
- 7.49%
- 6M
- 10.04%
- 1Y
- 19.61%
- 3Y*
- 16.13%
- 5Y*
- 7.82%
- 10Y*
- 9.37%
BBIEX vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBIEX Bridge Builder International Equity Fund | 5.18% | 17.63% | 5.67% | 17.29% | -18.01% | 10.54% | 15.76% | 23.14% | -13.28% | 26.70% |
IEFA iShares Core MSCI EAFE ETF | 7.49% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Correlation
The correlation between BBIEX and IEFA is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.96 |
The correlation between BBIEX and IEFA has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
BBIEX vs. IEFA — Risk / Return Rank
BBIEX
IEFA
BBIEX vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder International Equity Fund (BBIEX) and iShares Core MSCI EAFE ETF (IEFA). 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.
| BBIEX | IEFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.71 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.31 | 6.52 | -5.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBIEX | IEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 1.30 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.47 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.54 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.50 | 0.00 |
Drawdowns
BBIEX vs. IEFA - Drawdown Comparison
The maximum BBIEX drawdown since its inception was -32.92%, smaller than the maximum IEFA drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for BBIEX and IEFA.
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Drawdown Indicators
| BBIEX | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.92% | -34.78% | +1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -11.50% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -13.76% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.82% | -30.41% | -2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -32.92% | -34.78% | +1.86% |
Current DrawdownCurrent decline from peak | -3.36% | -2.44% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -6.69% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 3.02% | +0.61% |
Volatility
BBIEX vs. IEFA - Volatility Comparison
The current volatility for Bridge Builder International Equity Fund (BBIEX) is 4.14%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 4.54%. This indicates that BBIEX experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBIEX | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.54% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 12.74% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 15.22% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 16.55% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 17.32% | -0.76% |
BBIEX vs. IEFA - Expense Ratio Comparison
BBIEX has a 0.37% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Dividends
BBIEX vs. IEFA - Dividend Comparison
BBIEX has not paid dividends to shareholders, while IEFA's dividend yield for the trailing twelve months is around 3.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBIEX Bridge Builder International Equity Fund | 0.00% | 0.00% | 5.34% | 2.46% | 2.34% | 10.17% | 3.80% | 2.29% | 3.54% | 1.97% | 1.40% | 0.00% |
IEFA iShares Core MSCI EAFE ETF | 3.30% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
Frequently Asked Questions
With a correlation of 0.94, BBIEX and IEFA 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.
IEFA has higher volatility (4.54%) compared to BBIEX (4.14%). In terms of maximum drawdown, BBIEX dropped -32.92% vs IEFA's -34.78%.
IEFA currently has the higher Sharpe Ratio (1.30 vs 0.31), 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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