BBIEX vs. IVV
BBIEX (Bridge Builder International Equity Fund) and IVV (iShares Core S&P 500 ETF) are both funds - BBIEX is a Foreign Large Cap Equities fund managed by Bridge Builder, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BBIEX returned 8.72%/yr vs 15.47%/yr for IVV. A 0.78 correlation means they provide meaningful diversification when combined. BBIEX charges 0.37%/yr vs 0.03%/yr for IVV.
Performance
BBIEX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, BBIEX achieves a 6.70% return, which is significantly lower than IVV's 9.08% return. Over the past 10 years, BBIEX has underperformed IVV with an annualized return of 8.72%, while IVV has yielded a comparatively higher 15.47% annualized return.
BBIEX
- 1D
- 2.52%
- 1M
- 0.52%
- YTD
- 6.70%
- 6M
- -1.40%
- 1Y
- 4.67%
- 3Y*
- 11.59%
- 5Y*
- 4.69%
- 10Y*
- 8.72%
IVV
- 1D
- 0.55%
- 1M
- -0.08%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 24.38%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
BBIEX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBIEX Bridge Builder International Equity Fund | 6.70% | 17.63% | 5.67% | 17.29% | -18.01% | 10.54% | 15.76% | 23.14% | -13.28% | 26.70% |
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 BBIEX and IVV is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.78 |
The correlation between BBIEX and IVV has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
BBIEX vs. IVV — Risk / Return Rank
BBIEX
IVV
BBIEX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder International Equity Fund (BBIEX) 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.
| BBIEX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.36 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 2.76 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.54 | 12.43 | -10.89 |
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Drawdowns
BBIEX vs. IVV - Drawdown Comparison
The maximum BBIEX drawdown since its inception was -32.92%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BBIEX and IVV.
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Drawdown Indicators
| BBIEX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.92% | -55.25% | +22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -8.89% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -18.75% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.82% | -24.53% | -8.29% |
Max Drawdown (10Y)Largest decline over 10 years | -32.92% | -33.90% | +0.98% |
Current DrawdownCurrent decline from peak | -1.97% | -2.35% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -10.77% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 1.97% | +1.68% |
Volatility
BBIEX vs. IVV - Volatility Comparison
Bridge Builder International Equity Fund (BBIEX) has a higher volatility of 4.82% compared to iShares Core S&P 500 ETF (IVV) at 4.37%. This indicates that BBIEX's price experiences larger fluctuations and is considered to be riskier 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
| BBIEX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.37% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 9.59% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 12.28% | +3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 16.95% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 18.08% | -1.51% |
BBIEX vs. IVV - Expense Ratio Comparison
BBIEX has a 0.37% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
BBIEX vs. IVV - Dividend Comparison
BBIEX has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.08%.
| 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% |
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
BBIEX and IVV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBIEX has higher volatility (4.82%) compared to IVV (4.37%). In terms of maximum drawdown, BBIEX dropped -32.92% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.00 vs 0.36), 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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