BBMUX vs. FXIEX
BBMUX (Bridge Builder Municipal Bond Fund) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 10 years, BBMUX returned 1.84%/yr vs 2.70%/yr for FXIEX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. BBMUX charges 0.15%/yr vs 0.07%/yr for FXIEX.
Performance
BBMUX vs. FXIEX - Performance Comparison
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Returns By Period
In the year-to-date period, BBMUX achieves a -0.09% return, which is significantly lower than FXIEX's 0.76% return. Over the past 10 years, BBMUX has underperformed FXIEX with an annualized return of 1.84%, while FXIEX has yielded a comparatively higher 2.70% annualized return.
BBMUX
- 1D
- 0.10%
- 1M
- -1.70%
- 6M
- -0.88%
- YTD
- -0.09%
- 1Y
- 3.87%
- 3Y*
- 3.36%
- 5Y*
- 0.58%
- 10Y*
- 1.84%
- ALL TIME*
- 2.03%
FXIEX
- 1D
- 0.00%
- 1M
- -1.82%
- 6M
- 0.25%
- YTD
- 0.76%
- 1Y
- 4.80%
- 3Y*
- 4.74%
- 5Y*
- 1.21%
- 10Y*
- 2.70%
- ALL TIME*
- 2.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BBMUX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBMUX Bridge Builder Municipal Bond Fund | -0.09% | 5.10% | 1.50% | 5.56% | -8.23% | 2.04% | 4.01% | 7.15% | 1.49% | 4.75% |
FXIEX PIMCO Fixed Income SHares: Series TE | 0.76% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Correlation
The correlation between BBMUX and FXIEX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2015 | 0.80 |
The correlation between BBMUX and FXIEX has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
BBMUX vs. FXIEX — Risk / Return Rank
BBMUX
FXIEX
BBMUX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Municipal Bond Fund (BBMUX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
| BBMUX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.69 | -1.25 |
| Martin ratioReturn relative to average drawdown | 4.35 | 8.75 | -4.40 |
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Drawdowns
BBMUX vs. FXIEX - Drawdown Comparison
The maximum BBMUX drawdown since its inception was -12.65%, smaller than the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for BBMUX and FXIEX.
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Drawdown Indicators
| BBMUX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.65% | -15.25% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.42% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -5.56% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -12.57% | -15.25% | +2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -12.65% | -15.25% | +2.60% |
Current DrawdownCurrent decline from peak | -1.94% | -1.82% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -2.87% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.76% | +0.17% |
Volatility
BBMUX vs. FXIEX - Volatility Comparison
The current volatility for Bridge Builder Municipal Bond Fund (BBMUX) is 0.74%, while PIMCO Fixed Income SHares: Series TE (FXIEX) has a volatility of 0.82%. This indicates that BBMUX experiences smaller price fluctuations and is considered to be less risky than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBMUX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.82% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 2.37% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 3.37% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 4.39% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 4.11% | -0.86% |
BBMUX vs. FXIEX - Expense Ratio Comparison
BBMUX has a 0.15% expense ratio, which is higher than FXIEX's 0.07% 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
BBMUX vs. FXIEX - Dividend Comparison
BBMUX's dividend yield for the trailing twelve months is around 3.12%, more than FXIEX's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBMUX Bridge Builder Municipal Bond Fund | 3.12% | 3.61% | 2.81% | 2.21% | 1.82% | 1.93% | 2.10% | 2.61% | 2.35% | 1.95% | 0.35% | 0.06% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.41% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
Frequently Asked Questions
BBMUX and FXIEX 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.
FXIEX has higher volatility (0.82%) compared to BBMUX (0.74%). In terms of maximum drawdown, BBMUX dropped -12.65% vs FXIEX's -15.25%.
FXIEX currently has the higher Sharpe Ratio (1.93 vs 1.72), 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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