BBTBX vs. SPMO
Compare and contrast key facts about Bridge Builder Core Bond Fund (BBTBX) and Invesco S&P 500 Momentum ETF (SPMO).
BBTBX is managed by Bridge Builder. It was launched on Oct 28, 2013. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
BBTBX vs. SPMO - Performance Comparison
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BBTBX vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, BBTBX achieves a -0.65% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, BBTBX has underperformed SPMO with an annualized return of 1.82%, while SPMO has yielded a comparatively higher 17.41% 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%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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BBTBX vs. SPMO - Expense Ratio Comparison
Both BBTBX and SPMO have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
BBTBX vs. SPMO — Risk / Return Rank
BBTBX
SPMO
BBTBX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Core Bond Fund (BBTBX) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.06 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.60 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.96 | -0.48 |
Martin ratioReturn relative to average drawdown | 4.21 | 6.90 | -2.69 |
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 | SPMO | 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 | 0.93 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.87 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.86 | -0.49 |
Correlation
The correlation between BBTBX and SPMO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BBTBX vs. SPMO - Dividend Comparison
BBTBX's dividend yield for the trailing twelve months is around 3.66%, more than SPMO's 0.89% 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
BBTBX vs. SPMO - Drawdown Comparison
The maximum BBTBX drawdown since its inception was -18.54%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BBTBX and SPMO.
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Drawdown Indicators
| BBTBX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.54% | -30.95% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -12.70% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -22.74% | +4.20% |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | -30.95% | +12.41% |
Current DrawdownCurrent decline from peak | -2.17% | -7.31% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -4.66% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 3.60% | -2.57% |
Volatility
BBTBX vs. SPMO - Volatility Comparison
The current volatility for Bridge Builder Core Bond Fund (BBTBX) is 1.65%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that BBTBX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBTBX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 7.22% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 12.80% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 22.77% | -18.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 19.08% | -13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 20.09% | -15.17% |