BBVSX vs. IWR
BBVSX (Bridge Builder Small/Mid Cap Value Fund) and IWR (iShares Russell Midcap ETF) are both funds - BBVSX is a Mid Cap Value Equities fund managed by Bridge Builder, while IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 10 years, BBVSX returned 8.83%/yr vs 11.41%/yr for IWR. Their correlation of 0.93 suggests significant overlap in exposure. BBVSX charges 0.41%/yr vs 0.19%/yr for IWR.
Performance
BBVSX vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, BBVSX achieves a 11.31% return, which is significantly higher than IWR's 10.71% return. Over the past 10 years, BBVSX has underperformed IWR with an annualized return of 8.83%, while IWR has yielded a comparatively higher 11.41% annualized return.
BBVSX
- 1D
- -1.53%
- 1M
- 0.13%
- YTD
- 11.31%
- 6M
- -0.32%
- 1Y
- 10.04%
- 3Y*
- 10.89%
- 5Y*
- 5.20%
- 10Y*
- 8.83%
IWR
- 1D
- 0.08%
- 1M
- 1.05%
- YTD
- 10.71%
- 6M
- 10.50%
- 1Y
- 19.23%
- 3Y*
- 16.25%
- 5Y*
- 7.68%
- 10Y*
- 11.41%
BBVSX vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBVSX Bridge Builder Small/Mid Cap Value Fund | 11.31% | -2.25% | 10.61% | 15.05% | -9.75% | 28.14% | 6.07% | 28.04% | -14.47% | 12.65% |
IWR iShares Russell Midcap ETF | 10.71% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between BBVSX and IWR is 0.90, 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 | 0.90 |
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 | 0.93 |
The correlation between BBVSX and IWR has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
BBVSX vs. IWR — Risk / Return Rank
BBVSX
IWR
BBVSX vs. IWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Small/Mid Cap Value Fund (BBVSX) and iShares Russell Midcap ETF (IWR). 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.
| BBVSX | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.37 | -1.48 |
| Martin ratioReturn relative to average drawdown | 2.20 | 9.09 | -6.89 |
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
| BBVSX | IWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.43 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.42 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.59 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.49 | -0.11 |
Drawdowns
BBVSX vs. IWR - Drawdown Comparison
The maximum BBVSX drawdown since its inception was -43.42%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for BBVSX and IWR.
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Drawdown Indicators
| BBVSX | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.42% | -58.78% | +15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -8.17% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -23.25% | -21.09% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -26.18% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -43.42% | -40.59% | -2.83% |
Current DrawdownCurrent decline from peak | -3.07% | -2.04% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -7.80% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 2.12% | +3.08% |
Volatility
BBVSX vs. IWR - Volatility Comparison
Bridge Builder Small/Mid Cap Value Fund (BBVSX) has a higher volatility of 4.11% compared to iShares Russell Midcap ETF (IWR) at 3.59%. This indicates that BBVSX's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBVSX | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 3.59% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 10.06% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.49% | 13.54% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 18.25% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 19.38% | +1.63% |
BBVSX vs. IWR - Expense Ratio Comparison
BBVSX has a 0.41% expense ratio, which is higher than IWR's 0.19% expense ratio.
Dividends
BBVSX vs. IWR - Dividend Comparison
BBVSX has not paid dividends to shareholders, while IWR's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWR iShares Russell Midcap ETF | 1.17% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
With a correlation of 0.90, BBVSX and IWR 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.
BBVSX has higher volatility (4.11%) compared to IWR (3.59%). In terms of maximum drawdown, BBVSX dropped -43.42% vs IWR's -58.78%.
IWR currently has the higher Sharpe Ratio (1.43 vs 0.66), 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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