BBTBX vs. FMBPX
Compare and contrast key facts about Bridge Builder Core Bond Fund (BBTBX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX).
BBTBX is managed by Bridge Builder. It was launched on Oct 28, 2013. FMBPX is managed by Federated. It was launched on Dec 20, 2007.
Performance
BBTBX vs. FMBPX - Performance Comparison
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BBTBX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBTBX Bridge Builder Core Bond Fund | -0.65% | 7.82% | 1.89% | 5.41% | -13.49% | -1.12% | 8.54% | 9.15% | 0.13% | 4.14% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.06% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
Returns By Period
In the year-to-date period, BBTBX achieves a -0.65% return, which is significantly lower than FMBPX's -0.06% return. Over the past 10 years, BBTBX has outperformed FMBPX with an annualized return of 1.82%, while FMBPX has yielded a comparatively lower 1.46% annualized return.
BBTBX
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- -0.65%
- 6M
- 0.23%
- 1Y
- 3.60%
- 3Y*
- 3.66%
- 5Y*
- 0.25%
- 10Y*
- 1.82%
FMBPX
- 1D
- 0.12%
- 1M
- -1.62%
- YTD
- -0.06%
- 6M
- 1.75%
- 1Y
- 5.59%
- 3Y*
- 3.94%
- 5Y*
- 0.21%
- 10Y*
- 1.46%
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BBTBX vs. FMBPX - Expense Ratio Comparison
BBTBX has a 0.13% expense ratio, which is higher than FMBPX'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%.
Return for Risk
BBTBX vs. FMBPX — Risk / Return Rank
BBTBX
FMBPX
BBTBX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Core Bond Fund (BBTBX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
| BBTBX | FMBPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.06 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.56 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.19 | -0.71 |
Martin ratioReturn relative to average drawdown | 4.21 | 6.03 | -1.83 |
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
| BBTBX | FMBPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.06 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.03 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.29 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.25 | +0.12 |
Correlation
The correlation between BBTBX and FMBPX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BBTBX vs. FMBPX - Dividend Comparison
BBTBX's dividend yield for the trailing twelve months is around 3.66%, less than FMBPX's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBTBX Bridge Builder Core Bond Fund | 3.66% | 4.58% | 3.92% | 2.86% | 2.26% | 2.38% | 4.73% | 3.39% | 3.02% | 2.67% | 0.95% | 0.17% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.59% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Drawdowns
BBTBX vs. FMBPX - Drawdown Comparison
The maximum BBTBX drawdown since its inception was -18.54%, roughly equal to the maximum FMBPX drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for BBTBX and FMBPX.
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Drawdown Indicators
| BBTBX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.54% | -18.34% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.15% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -18.02% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | -18.34% | -0.20% |
Current DrawdownCurrent decline from peak | -2.17% | -2.08% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -3.28% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.14% | -0.11% |
Volatility
BBTBX vs. FMBPX - Volatility Comparison
Bridge Builder Core Bond Fund (BBTBX) has a higher volatility of 1.65% compared to Federated Hermes Mortgage Strategy Portfolio (FMBPX) at 1.50%. This indicates that BBTBX's price experiences larger fluctuations and is considered to be riskier than FMBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBTBX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.50% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 3.02% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 5.43% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 6.72% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 5.08% | -0.16% |