BBVLX vs. IEFA
BBVLX (Bridge Builder Large Cap Value Fund) and IEFA (iShares Core MSCI EAFE ETF) are both funds - BBVLX is a Large Cap Value Equities fund managed by Bridge Builder, while IEFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE IMI Index (Net). Over the past 10 years, BBVLX returned 11.84%/yr vs 9.37%/yr for IEFA. A 0.79 correlation means they provide meaningful diversification when combined. BBVLX charges 0.23%/yr vs 0.07%/yr for IEFA.
Performance
BBVLX vs. IEFA - Performance Comparison
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Returns By Period
In the year-to-date period, BBVLX achieves a 8.00% return, which is significantly higher than IEFA's 7.49% return. Over the past 10 years, BBVLX has outperformed IEFA with an annualized return of 11.84%, while IEFA has yielded a comparatively lower 9.37% annualized return.
BBVLX
- 1D
- -1.72%
- 1M
- 1.34%
- YTD
- 8.00%
- 6M
- 0.78%
- 1Y
- 9.72%
- 3Y*
- 15.36%
- 5Y*
- 9.29%
- 10Y*
- 11.84%
IEFA
- 1D
- 0.63%
- 1M
- -1.17%
- YTD
- 7.49%
- 6M
- 10.04%
- 1Y
- 19.61%
- 3Y*
- 16.13%
- 5Y*
- 7.82%
- 10Y*
- 9.37%
BBVLX vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBVLX Bridge Builder Large Cap Value Fund | 8.00% | 4.45% | 22.32% | 13.84% | -5.32% | 26.23% | 9.57% | 28.49% | -8.15% | 17.20% |
IEFA iShares Core MSCI EAFE ETF | 7.49% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Correlation
The correlation between BBVLX and IEFA is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015 | 0.79 |
The correlation between BBVLX and IEFA has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
BBVLX vs. IEFA — Risk / Return Rank
BBVLX
IEFA
BBVLX vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Large Cap Value Fund (BBVLX) and iShares Core MSCI EAFE ETF (IEFA). 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 | IEFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.71 | -0.72 |
| Martin ratioReturn relative to average drawdown | 2.68 | 6.52 | -3.83 |
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
| BBVLX | IEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.30 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.47 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.54 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.50 | +0.11 |
Drawdowns
BBVLX vs. IEFA - Drawdown Comparison
The maximum BBVLX drawdown since its inception was -38.48%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for BBVLX and IEFA.
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Drawdown Indicators
| BBVLX | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -34.78% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -11.50% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | -13.76% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -30.41% | +12.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.48% | -34.78% | -3.70% |
Current DrawdownCurrent decline from peak | -1.72% | -2.44% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -6.69% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.02% | +1.08% |
Volatility
BBVLX vs. IEFA - Volatility Comparison
The current volatility for Bridge Builder Large Cap Value Fund (BBVLX) is 3.08%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 4.54%. This indicates that BBVLX experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBVLX | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.54% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.74% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 15.22% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 16.55% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 17.32% | +0.63% |
BBVLX vs. IEFA - Expense Ratio Comparison
BBVLX has a 0.23% expense ratio, which is higher than IEFA'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
BBVLX vs. IEFA - Dividend Comparison
BBVLX's dividend yield for the trailing twelve months is around 1.69%, less than IEFA's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBVLX Bridge Builder Large Cap Value Fund | 1.69% | 1.89% | 14.73% | 5.11% | 9.12% | 7.09% | 1.62% | 1.80% | 3.45% | 2.23% | 1.68% | 1.24% |
IEFA iShares Core MSCI EAFE ETF | 3.30% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
Frequently Asked Questions
BBVLX and IEFA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEFA has higher volatility (4.54%) compared to BBVLX (3.08%). In terms of maximum drawdown, BBVLX dropped -38.48% vs IEFA's -34.78%.
IEFA currently has the higher Sharpe Ratio (1.30 vs 0.85), 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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