SFBDX vs. BLDR
SFBDX (State Farm Municipal Bond Fund) is Municipal Bonds fund managed by State Farm, while BLDR (Builders FirstSource, Inc.) is a stock. Over the past 10 years, SFBDX returned 1.68%/yr vs 17.87%/yr for BLDR. Their -0.03 correlation means they have often moved in opposite directions in the past.
Performance
SFBDX vs. BLDR - Performance Comparison
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Returns By Period
In the year-to-date period, SFBDX achieves a -0.53% return, which is significantly higher than BLDR's -35.43% return. Over the past 10 years, SFBDX has underperformed BLDR with an annualized return of 1.68%, while BLDR has yielded a comparatively higher 17.87% annualized return.
SFBDX
- 1D
- -0.25%
- 1M
- -1.83%
- 6M
- -1.41%
- YTD
- -0.53%
- 1Y
- 3.24%
- 3Y*
- 2.39%
- 5Y*
- 0.33%
- 10Y*
- 1.68%
- ALL TIME*
- 3.76%
BLDR
- 1D
- 0.65%
- 1M
- -21.55%
- 6M
- -41.92%
- YTD
- -35.43%
- 1Y
- -48.96%
- 3Y*
- -23.22%
- 5Y*
- 8.35%
- 10Y*
- 17.87%
- ALL TIME*
- 7.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $192.84M | $170.36M | $198.87M | |
| $0.00 | $0.00 | $0.00 |
SFBDX vs. BLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFBDX State Farm Municipal Bond Fund | -0.53% | 5.11% | 0.65% | 4.05% | -6.83% | 0.65% | 7.01% | 6.23% | 0.62% | 3.65% |
BLDR Builders FirstSource, Inc. | -35.43% | -28.01% | -14.38% | 157.31% | -24.30% | 110.02% | 60.61% | 132.91% | -49.93% | 98.63% |
Correlation
The correlation between SFBDX and BLDR is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005 | -0.03 |
The correlation between SFBDX and BLDR shifts across timeframes, from -0.03 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SFBDX vs. BLDR — Risk / Return Rank
SFBDX
BLDR
SFBDX vs. BLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Farm Municipal Bond Fund (SFBDX) and Builders FirstSource, Inc. (BLDR). 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.
| SFBDX | BLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.84 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.86 | +2.24 |
| Martin ratioReturn relative to average drawdown | 4.05 | -1.40 | +5.46 |
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Drawdowns
SFBDX vs. BLDR - Drawdown Comparison
The maximum SFBDX drawdown since its inception was -11.79%, smaller than the maximum BLDR drawdown of -96.78%. Use the drawdown chart below to compare losses from any high point for SFBDX and BLDR.
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Drawdown Indicators
| SFBDX | BLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -96.78% | +84.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -55.76% | +52.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.33% | -68.73% | +64.40% |
Max Drawdown (5Y)Largest decline over 5 years | -11.79% | -68.73% | +56.94% |
Max Drawdown (10Y)Largest decline over 10 years | -11.79% | -68.73% | +56.94% |
Current DrawdownCurrent decline from peak | -2.37% | -68.53% | +66.16% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -47.96% | +46.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 34.05% | -33.08% |
Volatility
SFBDX vs. BLDR - Volatility Comparison
The current volatility for State Farm Municipal Bond Fund (SFBDX) is 0.84%, while Builders FirstSource, Inc. (BLDR) has a volatility of 14.53%. This indicates that SFBDX experiences smaller price fluctuations and is considered to be less risky than BLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFBDX | BLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 14.53% | -13.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 36.76% | -34.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.41% | 49.54% | -47.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 45.88% | -42.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 47.96% | -44.55% |
Dividends
SFBDX vs. BLDR - Dividend Comparison
SFBDX's dividend yield for the trailing twelve months is around 3.12%, while BLDR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDR Builders FirstSource, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SFBDX State Farm Municipal Bond Fund | 3.12% | 2.97% | 2.62% | 2.46% | 2.01% | 2.33% | 4.03% | 2.78% | 2.23% | 2.77% | 2.06% | 2.64% |
Frequently Asked Questions
SFBDX and BLDR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLDR has higher volatility (14.53%) compared to SFBDX (0.84%). In terms of maximum drawdown, SFBDX dropped -11.79% vs BLDR's -96.78%.
SFBDX currently has the higher Sharpe Ratio (1.65 vs -0.97), 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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