BBVSX vs. VFVA

Last updated Jul 14, 2026

BBVSX (Bridge Builder Small/Mid Cap Value Fund) and VFVA (Vanguard U.S. Value Factor ETF) are both Mid Cap Value Equities funds. Over the past 5 years, BBVSX returned 6.49%/yr vs 11.95%/yr for VFVA. Their correlation of 0.93 suggests significant overlap in exposure. BBVSX charges 0.41%/yr vs 0.13%/yr for VFVA.

Performance

BBVSX vs. VFVA - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with BBVSX having a 15.78% return and VFVA slightly higher at 16.13%.

BBVSX

• 1D: 0.25%
• 1M: 0.69%
• 6M: 10.60%
• YTD: 15.78%
• 1Y: 8.95%
• 3Y*: 10.54%
• 5Y*: 6.49%
• 10Y*: 9.20%

VFVA

• 1D: 0.74%
• 1M: 2.85%
• 6M: 12.23%
• YTD: 16.13%
• 1Y: 27.35%
• 3Y*: 17.24%
• 5Y*: 11.95%
• 10Y*: —

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

BBVSX vs. VFVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBVSX Bridge Builder Small/Mid Cap Value Fund	15.78%	-2.25%	10.61%	15.05%	-9.75%	28.14%	6.07%	28.04%	-13.09%
VFVA Vanguard U.S. Value Factor ETF	16.13%	14.77%	7.67%	17.37%	-3.96%	36.94%	2.28%	25.42%	-18.90%

Correlation

The correlation between BBVSX and VFVA is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.93

The correlation between BBVSX and VFVA shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BBVSX vs. VFVA — Risk / Return Rank

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

BBVSX

BBVSX Risk / Return Rank: 9
BBVSX Sharpe Ratio Rank: 9
BBVSX Sortino Ratio Rank: 8
BBVSX Omega Ratio Rank: 9
BBVSX Calmar Ratio Rank: 10
BBVSX Martin Ratio Rank: 8

VFVA

VFVA Risk / Return Rank: 73
VFVA Sharpe Ratio Rank: 72
VFVA Sortino Ratio Rank: 75
VFVA Omega Ratio Rank: 69
VFVA Calmar Ratio Rank: 78
VFVA Martin Ratio Rank: 71

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.

BBVSX vs. VFVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Small/Mid Cap Value Fund (BBVSX) and Vanguard U.S. Value Factor ETF (VFVA). 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.

	BBVSX	VFVA	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.83	-1.35
Sortino ratio: Return per unit of downside risk	0.73	2.67	-1.94
Omega ratio: Gain probability vs. loss probability	1.10	1.32	-0.22
Calmar ratio: Return relative to maximum drawdown	0.63	3.21	-2.58
Martin ratio: Return relative to average drawdown	1.57	10.27	-8.70

BBVSX vs. VFVA - Sharpe Ratio Comparison

The current BBVSX Sharpe Ratio is 0.47, which is lower than the VFVA Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BBVSX and VFVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBVSX vs. VFVA - Drawdown Comparison

The maximum BBVSX drawdown since its inception was -43.42%, smaller than the maximum VFVA drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for BBVSX and VFVA.

Drawdown Indicators

	BBVSX	VFVA	Difference
Max Drawdown Largest peak-to-trough decline	-43.42%	-48.58%	+5.16%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-8.55%	-4.50%
Max Drawdown (3Y) Largest decline over 3 years	-23.25%	-24.07%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-23.25%	-24.07%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	-43.42%	—	—
Current Drawdown Current decline from peak	-0.92%	0.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-6.13%	-7.28%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	2.67%	+2.53%

Volatility

BBVSX vs. VFVA - Volatility Comparison

Bridge Builder Small/Mid Cap Value Fund (BBVSX) and Vanguard U.S. Value Factor ETF (VFVA) have volatilities of 3.92% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBVSX	VFVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	4.10%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	10.01%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	15.07%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.27%	20.09%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	24.25%	-3.33%

BBVSX vs. VFVA - Expense Ratio Comparison

BBVSX has a 0.41% expense ratio, which is higher than VFVA's 0.13% expense ratio.

Dividends

BBVSX vs. VFVA - Dividend Comparison

BBVSX has not paid dividends to shareholders, while VFVA's dividend yield for the trailing twelve months is around 1.82%.

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%
VFVA Vanguard U.S. Value Factor ETF	1.82%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBVSX and VFVA in my portfolio?

BBVSX and VFVA have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBVSX or VFVA?

VFVA has higher volatility (4.10%) compared to BBVSX (3.92%). In terms of maximum drawdown, BBVSX dropped -43.42% vs VFVA's -48.58%.

Which has better risk-adjusted returns?

VFVA currently has the higher Sharpe Ratio (1.83 vs 0.47), 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.