IEFA vs. BBCPX
IEFA (iShares Core MSCI EAFE ETF) and BBCPX (Bridge Builder Core Plus Bond Fund) are both funds - IEFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE IMI Index (Net), while BBCPX is a Total Bond Market fund managed by Bridge Builder. Over the past 10 years, IEFA returned 9.37%/yr vs 2.30%/yr for BBCPX. At a 0.10 correlation, their price movements are largely independent. IEFA charges 0.07%/yr vs 0.15%/yr for BBCPX.
Performance
IEFA vs. BBCPX - Performance Comparison
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Returns By Period
In the year-to-date period, IEFA achieves a 7.49% return, which is significantly higher than BBCPX's -0.53% return. Over the past 10 years, IEFA has outperformed BBCPX with an annualized return of 9.37%, while BBCPX has yielded a comparatively lower 2.30% annualized return.
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%
BBCPX
- 1D
- -0.45%
- 1M
- -0.64%
- YTD
- -0.53%
- 6M
- 0.21%
- 1Y
- 5.77%
- 3Y*
- 4.72%
- 5Y*
- 0.68%
- 10Y*
- 2.30%
IEFA vs. BBCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BBCPX Bridge Builder Core Plus Bond Fund | -0.53% | 8.97% | 2.28% | 6.58% | -13.24% | -0.29% | 9.27% | 9.31% | 0.34% | 4.20% |
Correlation
The correlation between IEFA and BBCPX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.10 |
Over the past year, IEFA and BBCPX have become more correlated (0.46) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IEFA vs. BBCPX — Risk / Return Rank
IEFA
BBCPX
IEFA vs. BBCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) and Bridge Builder Core Plus Bond Fund (BBCPX). 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.
| IEFA | BBCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.57 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.52 | 4.67 | +1.84 |
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
| IEFA | BBCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.22 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.11 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.47 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.52 | -0.02 |
Drawdowns
IEFA vs. BBCPX - Drawdown Comparison
The maximum IEFA drawdown since its inception was -34.78%, which is greater than BBCPX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for IEFA and BBCPX.
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Drawdown Indicators
| IEFA | BBCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -18.25% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -3.41% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -13.76% | -6.19% | -7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -18.25% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -18.25% | -16.53% |
Current DrawdownCurrent decline from peak | -2.44% | -2.11% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -3.79% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.13% | +1.89% |
Volatility
IEFA vs. BBCPX - Volatility Comparison
iShares Core MSCI EAFE ETF (IEFA) has a higher volatility of 4.54% compared to Bridge Builder Core Plus Bond Fund (BBCPX) at 1.59%. This indicates that IEFA's price experiences larger fluctuations and is considered to be riskier than BBCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFA | BBCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 1.59% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 3.30% | +9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 4.39% | +10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 6.00% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 4.89% | +12.43% |
IEFA vs. BBCPX - Expense Ratio Comparison
IEFA has a 0.07% expense ratio, which is lower than BBCPX's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEFA vs. BBCPX - Dividend Comparison
IEFA's dividend yield for the trailing twelve months is around 3.30%, less than BBCPX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCPX Bridge Builder Core Plus Bond Fund | 4.53% | 4.79% | 4.93% | 4.12% | 2.96% | 2.39% | 4.70% | 5.00% | 3.47% | 2.71% | 0.64% | 0.00% |
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
IEFA and BBCPX have a correlation of 0.46, 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 BBCPX (1.59%). In terms of maximum drawdown, IEFA dropped -34.78% vs BBCPX's -18.25%.
IEFA currently has the higher Sharpe Ratio (1.30 vs 1.22), 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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