BBVLX vs. IVV
BBVLX (Bridge Builder Large Cap Value Fund) and IVV (iShares Core S&P 500 ETF) are both funds - BBVLX is a Large Cap Value Equities fund managed by Bridge Builder, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BBVLX returned 12.17%/yr vs 15.47%/yr for IVV. Their correlation of 0.87 suggests significant overlap in exposure. BBVLX charges 0.23%/yr vs 0.03%/yr for IVV.
Performance
BBVLX vs. IVV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BBVLX having a 8.97% return and IVV slightly higher at 9.08%. Over the past 10 years, BBVLX has underperformed IVV with an annualized return of 12.17%, while IVV has yielded a comparatively higher 15.47% annualized return.
BBVLX
- 1D
- 1.60%
- 1M
- 2.31%
- YTD
- 8.97%
- 6M
- 0.21%
- 1Y
- 9.84%
- 3Y*
- 15.23%
- 5Y*
- 9.56%
- 10Y*
- 12.17%
IVV
- 1D
- 0.55%
- 1M
- -0.08%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 24.38%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
BBVLX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBVLX Bridge Builder Large Cap Value Fund | 8.97% | 4.45% | 22.32% | 13.84% | -5.32% | 26.23% | 9.57% | 28.49% | -8.15% | 17.20% |
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between BBVLX and IVV is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015 | 0.87 |
The correlation between BBVLX and IVV shifts across timeframes, from 0.73 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBVLX vs. IVV — Risk / Return Rank
BBVLX
IVV
BBVLX vs. IVV - 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 S&P 500 ETF (IVV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBVLX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.76 | -1.82 |
| Martin ratioReturn relative to average drawdown | 2.53 | 12.43 | -9.90 |
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Drawdowns
BBVLX vs. IVV - Drawdown Comparison
The maximum BBVLX drawdown since its inception was -38.48%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BBVLX and IVV.
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Drawdown Indicators
| BBVLX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -55.25% | +16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -8.89% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.58% | -18.75% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -24.53% | +6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -38.48% | -33.90% | -4.58% |
Current DrawdownCurrent decline from peak | -0.83% | -2.35% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -10.77% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 1.97% | +2.13% |
Volatility
BBVLX vs. IVV - Volatility Comparison
The current volatility for Bridge Builder Large Cap Value Fund (BBVLX) is 3.67%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.37%. This indicates that BBVLX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBVLX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 4.37% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 9.59% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 12.28% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 16.95% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 18.08% | -0.13% |
BBVLX vs. IVV - Expense Ratio Comparison
BBVLX has a 0.23% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison
BBVLX's dividend yield for the trailing twelve months is around 1.68%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBVLX Bridge Builder Large Cap Value Fund | 1.68% | 1.89% | 14.73% | 5.11% | 9.12% | 7.09% | 1.62% | 1.80% | 3.45% | 2.23% | 1.68% | 1.24% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
BBVLX and IVV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.37%) compared to BBVLX (3.67%). In terms of maximum drawdown, BBVLX dropped -38.48% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.00 vs 0.79), 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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