BBVLX vs. BBVSX

Last updated Jun 6, 2026

BBVLX (Bridge Builder Large Cap Value Fund) and BBVSX (Bridge Builder Small/Mid Cap Value Fund) are both mutual funds - BBVLX is a Large Cap Value Equities fund managed by Bridge Builder, while BBVSX is a Mid Cap Value Equities fund managed by Bridge Builder. Over the past 10 years, BBVLX returned 12.06%/yr vs 9.05%/yr for BBVSX. Their correlation of 0.94 suggests significant overlap in exposure. BBVLX charges 0.23%/yr vs 0.41%/yr for BBVSX.

Performance

BBVLX vs. BBVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridge Builder Large Cap Value Fund (BBVLX) and Bridge Builder Small/Mid Cap Value Fund (BBVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBVLX achieves a 9.88% return, which is significantly lower than BBVSX's 13.04% return. Over the past 10 years, BBVLX has outperformed BBVSX with an annualized return of 12.06%, while BBVSX has yielded a comparatively lower 9.05% annualized return.

BBVLX

• 1D: 0.79%
• 1M: 2.45%
• YTD: 9.88%
• 6M: 2.06%
• 1Y: 12.74%
• 3Y*: 16.26%
• 5Y*: 9.67%
• 10Y*: 12.06%

BBVSX

• 1D: 0.90%
• 1M: 0.90%
• YTD: 13.04%
• 6M: 0.71%
• 1Y: 12.96%
• 3Y*: 12.06%
• 5Y*: 5.52%
• 10Y*: 9.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBVLX vs. BBVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBVLX Bridge Builder Large Cap Value Fund	9.88%	4.45%	22.32%	13.84%	-5.32%	26.23%	9.57%	28.49%	-8.15%	17.20%
BBVSX Bridge Builder Small/Mid Cap Value Fund	13.04%	-2.25%	10.61%	15.05%	-9.75%	28.14%	6.07%	28.04%	-14.47%	12.65%

Correlation

The correlation between BBVLX and BBVSX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015	0.94

The correlation between BBVLX and BBVSX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

BBVLX vs. BBVSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBVLX

BBVLX Risk / Return Rank: 13
BBVLX Sharpe Ratio Rank: 14
BBVLX Sortino Ratio Rank: 12
BBVLX Omega Ratio Rank: 16
BBVLX Calmar Ratio Rank: 13
BBVLX Martin Ratio Rank: 11

BBVSX

BBVSX Risk / Return Rank: 10
BBVSX Sharpe Ratio Rank: 10
BBVSX Sortino Ratio Rank: 9
BBVSX Omega Ratio Rank: 11
BBVSX Calmar Ratio Rank: 12
BBVSX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBVLX vs. BBVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Large Cap Value Fund (BBVLX) and Bridge Builder Small/Mid Cap Value Fund (BBVSX). 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.

	BBVLX	BBVSX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.77	+0.22
Sortino ratio: Return per unit of downside risk	1.30	1.09	+0.21
Omega ratio: Gain probability vs. loss probability	1.20	1.16	+0.04
Calmar ratio: Return relative to maximum drawdown	1.14	1.02	+0.12
Martin ratio: Return relative to average drawdown	3.09	2.53	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBVLX vs. BBVSX - Sharpe Ratio Comparison

The current BBVLX Sharpe Ratio is 0.98, which is comparable to the BBVSX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of BBVLX and BBVSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBVLX	BBVSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.77	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.29	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.43	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.39	+0.24

Drawdowns

BBVLX vs. BBVSX - Drawdown Comparison

The maximum BBVLX drawdown since its inception was -38.48%, smaller than the maximum BBVSX drawdown of -43.42%. Use the drawdown chart below to compare losses from any high point for BBVLX and BBVSX.

Drawdown Indicators

	BBVLX	BBVSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-43.42%	+4.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.28%	-13.05%	+1.77%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	-23.25%	+8.67%
Max Drawdown (5Y) Largest decline over 5 years	-18.24%	-23.25%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	-38.48%	-43.42%	+4.94%
Current Drawdown Current decline from peak	0.00%	-1.57%	+1.57%
Average Drawdown Average peak-to-trough decline	-4.09%	-6.17%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	5.19%	-1.09%

Volatility

BBVLX vs. BBVSX - Volatility Comparison

The current volatility for Bridge Builder Large Cap Value Fund (BBVLX) is 2.66%, while Bridge Builder Small/Mid Cap Value Fund (BBVSX) has a volatility of 3.92%. This indicates that BBVLX experiences smaller price fluctuations and is considered to be less risky than BBVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBVLX	BBVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	3.92%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	14.04%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	17.42%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	19.34%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	21.00%	-3.06%

BBVLX vs. BBVSX - Expense Ratio Comparison

BBVLX has a 0.23% expense ratio, which is lower than BBVSX's 0.41% expense ratio.

Dividends

BBVLX vs. BBVSX - Dividend Comparison

BBVLX's dividend yield for the trailing twelve months is around 1.66%, while BBVSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBVLX Bridge Builder Large Cap Value Fund	1.66%	1.89%	14.73%	5.11%	9.12%	7.09%	1.62%	1.80%	3.45%	2.23%	1.68%	1.24%
BBVSX Bridge Builder Small/Mid Cap Value Fund	0.00%	0.00%	6.75%	3.88%	7.57%	10.92%	2.38%	1.32%	5.03%	1.18%	0.82%	0.68%

Frequently Asked Questions

Can I hold both BBVLX and BBVSX in my portfolio?

With a correlation of 0.92, BBVLX and BBVSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBVLX or BBVSX?

BBVSX has higher volatility (3.92%) compared to BBVLX (2.66%). In terms of maximum drawdown, BBVLX dropped -38.48% vs BBVSX's -43.42%.

Which has better risk-adjusted returns?

BBVLX currently has the higher Sharpe Ratio (0.98 vs 0.77), 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.