BBVSX vs. USHY
BBVSX (Bridge Builder Small/Mid Cap Value Fund) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both funds - BBVSX is a Mid Cap Value Equities fund managed by Bridge Builder, while USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. Over the past 5 years, BBVSX returned 5.20%/yr vs 4.16%/yr for USHY. A 0.63 correlation means they provide meaningful diversification when combined. BBVSX charges 0.41%/yr vs 0.15%/yr for USHY.
Performance
BBVSX vs. USHY - 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 USHY's 1.29% 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%
USHY
- 1D
- 0.08%
- 1M
- -0.14%
- YTD
- 1.29%
- 6M
- 1.85%
- 1Y
- 6.84%
- 3Y*
- 8.79%
- 5Y*
- 4.16%
- 10Y*
- —
BBVSX vs. USHY - 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% | 3.34% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.29% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between BBVSX and USHY is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.63 |
The correlation between BBVSX and USHY has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
BBVSX vs. USHY — Risk / Return Rank
BBVSX
USHY
BBVSX vs. USHY - 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 Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.83 | -1.94 |
| Martin ratioReturn relative to average drawdown | 2.20 | 12.68 | -10.48 |
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 | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.88 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.57 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.58 | -0.20 |
Drawdowns
BBVSX vs. USHY - Drawdown Comparison
The maximum BBVSX drawdown since its inception was -43.42%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BBVSX and USHY.
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Drawdown Indicators
| BBVSX | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.42% | -22.44% | -20.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -2.43% | -10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.25% | -4.66% | -18.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -15.56% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -43.42% | — | — |
Current DrawdownCurrent decline from peak | -3.07% | -0.41% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -2.66% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 0.54% | +4.66% |
Volatility
BBVSX vs. USHY - Volatility Comparison
Bridge Builder Small/Mid Cap Value Fund (BBVSX) has a higher volatility of 4.11% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that BBVSX's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBVSX | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 1.13% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 2.95% | +11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.49% | 3.67% | +13.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 7.34% | +12.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 8.25% | +12.76% |
BBVSX vs. USHY - Expense Ratio Comparison
BBVSX has a 0.41% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
BBVSX vs. USHY - Dividend Comparison
BBVSX has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.93%.
| 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
BBVSX and USHY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBVSX has higher volatility (4.11%) compared to USHY (1.13%). In terms of maximum drawdown, BBVSX dropped -43.42% vs USHY's -22.44%.
USHY currently has the higher Sharpe Ratio (1.88 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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