BBMUX vs. NQP
Compare and contrast key facts about Bridge Builder Municipal Bond Fund (BBMUX) and Nuveen Pennsylvania Quality Municipal Income (NQP).
BBMUX is managed by Bridge Builder. It was launched on Sep 13, 2015. NQP is an actively managed fund by Nuveen. It was launched on Feb 21, 1991.
Performance
BBMUX vs. NQP - Performance Comparison
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BBMUX vs. NQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBMUX Bridge Builder Municipal Bond Fund | -0.72% | 5.10% | 1.50% | 5.56% | -8.23% | 2.04% | 4.01% | 7.15% | 1.49% | 4.75% |
NQP Nuveen Pennsylvania Quality Municipal Income | 2.14% | 15.46% | 2.70% | 7.44% | -21.95% | 7.75% | 7.08% | 21.21% | -2.28% | 5.96% |
Returns By Period
In the year-to-date period, BBMUX achieves a -0.72% return, which is significantly lower than NQP's 2.14% return. Over the past 10 years, BBMUX has underperformed NQP with an annualized return of 1.93%, while NQP has yielded a comparatively higher 3.34% annualized return.
BBMUX
- 1D
- 0.20%
- 1M
- -2.27%
- YTD
- -0.72%
- 6M
- 0.82%
- 1Y
- 3.86%
- 3Y*
- 2.94%
- 5Y*
- 0.89%
- 10Y*
- 1.93%
NQP
- 1D
- -0.17%
- 1M
- -0.51%
- YTD
- 2.14%
- 6M
- 2.76%
- 1Y
- 13.70%
- 3Y*
- 7.94%
- 5Y*
- 1.65%
- 10Y*
- 3.34%
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BBMUX vs. NQP - Expense Ratio Comparison
BBMUX has a 0.15% expense ratio, which is lower than NQP's 1.27% expense ratio.
Return for Risk
BBMUX vs. NQP — Risk / Return Rank
BBMUX
NQP
BBMUX vs. NQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Municipal Bond Fund (BBMUX) and Nuveen Pennsylvania Quality Municipal Income (NQP). 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.
| BBMUX | NQP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.50 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.55 | 2.27 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.27 | -2.18 |
Martin ratioReturn relative to average drawdown | 3.88 | 8.94 | -5.05 |
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
| BBMUX | NQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.50 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.17 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.31 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.41 | +0.24 |
Correlation
The correlation between BBMUX and NQP is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BBMUX vs. NQP - Dividend Comparison
BBMUX's dividend yield for the trailing twelve months is around 3.06%, less than NQP's 7.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBMUX Bridge Builder Municipal Bond Fund | 3.06% | 3.61% | 2.81% | 2.21% | 1.82% | 1.93% | 2.10% | 2.61% | 2.35% | 1.95% | 0.35% | 0.06% |
NQP Nuveen Pennsylvania Quality Municipal Income | 7.86% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
Drawdowns
BBMUX vs. NQP - Drawdown Comparison
The maximum BBMUX drawdown since its inception was -12.65%, smaller than the maximum NQP drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for BBMUX and NQP.
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Drawdown Indicators
| BBMUX | NQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.65% | -41.87% | +29.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -4.63% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | -32.41% | +19.76% |
Max Drawdown (10Y)Largest decline over 10 years | -12.65% | -32.41% | +19.76% |
Current DrawdownCurrent decline from peak | -2.56% | -1.68% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -6.93% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.69% | -0.67% |
Volatility
BBMUX vs. NQP - Volatility Comparison
The current volatility for Bridge Builder Municipal Bond Fund (BBMUX) is 0.95%, while Nuveen Pennsylvania Quality Municipal Income (NQP) has a volatility of 4.13%. This indicates that BBMUX experiences smaller price fluctuations and is considered to be less risky than NQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBMUX | NQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 4.13% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 5.32% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 9.22% | -5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 9.80% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 10.85% | -7.62% |