Six Circles Correlations

CMEUX Fund

USD 22.88 0.16 0.69%

The current 90-days correlation between Six Circles Managed and Six Circles Ultra is 0.07 (i.e., Significant diversification). The correlation of Six Circles is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Six Circles Correlation With Market

Very poor diversification

The correlation between Six Circles Managed and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles Managed and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Six Circles Managed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Six Mutual Fund

0.94	CUSDX	Six Circles Ultra	Pair Corr
0.94	CUTAX	Six Circles Tax	Pair Corr
1.0	CUSUX	Six Circles Unconstrained	Pair Corr
0.7	CGLBX	Six Circles Global	Pair Corr
0.68	CIUEX	Six Circles International	Pair Corr
0.77	CMIUX	Six Circles Managed	Pair Corr
0.98	CRDOX	Six Circles Credit	Pair Corr
0.98	CALTX	Context Alternative	Pair Corr
0.7	CBTAX	Six Circles Tax	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.74	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.74	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.65	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.92	BFTHX	Baron Fifth Avenue	Pair Corr
0.99	JBAWX	Balanced Fund Class	Pair Corr
0.91	TVLAX	Touchstone Value	Pair Corr
0.93	IOJIX	Collegeadvantage 529	Pair Corr
0.98	LPRPX	Blackrock Lifepath	Pair Corr
0.82	SVARX	Spectrum Low Volatility	Pair Corr
1.0	MSIGX	Oppenheimer Main Street	Pair Corr
0.95	HLDFX	Hartford Emerging	Pair Corr
0.98	WGBFX	Wealthbuilder Growth	Pair Corr
0.93	RERCX	Europacific Growth	Pair Corr
0.91	WPGSX	Rbb Fund	Pair Corr
0.89	ESADX	Wells Fargo Adjustable	Pair Corr
0.91	FCFRX	Franklin Floating Rate	Pair Corr

Moving against Six Mutual Fund

0.46

SNXFX

Schwab 1000 Index

Pair Corr

Related Correlations Analysis

	CUSDX	CUTAX	CUSUX	CGLBX	CIUEX	CMEUX	CMIUX	CRDOX	CALTX	CBTAX
CUSDX		0.99	0.93	0.75	0.59	0.94	0.71	0.98	0.93	0.76	CUSDX
CUTAX	0.99		0.93	0.75	0.56	0.94	0.69	0.98	0.92	0.76	CUTAX
CUSUX	0.93	0.93		0.69	0.7	1.0	0.78	0.97	0.98	0.7	CUSUX
CGLBX	0.75	0.75	0.69		0.3	0.7	0.42	0.78	0.7	0.76	CGLBX
CIUEX	0.59	0.56	0.7	0.3		0.68	0.98	0.63	0.73	0.48	CIUEX
CMEUX	0.94	0.94	1.0	0.7	0.68		0.77	0.98	0.98	0.7	CMEUX
CMIUX	0.71	0.69	0.78	0.42	0.98	0.77		0.74	0.79	0.6	CMIUX
CRDOX	0.98	0.98	0.97	0.78	0.63	0.98	0.74		0.97	0.77	CRDOX
CALTX	0.93	0.92	0.98	0.7	0.73	0.98	0.79	0.97		0.68	CALTX
CBTAX	0.76	0.76	0.7	0.76	0.48	0.7	0.6	0.77	0.68		CBTAX
	CUSDX	CUTAX	CUSUX	CGLBX	CIUEX	CMEUX	CMIUX	CRDOX	CALTX	CBTAX

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Risk-Adjusted Indicators

There is a big difference between Six Mutual Fund performing well and Six Circles Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Six Circles' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CUSDX	0.04	0.01	0.00	0.56	0.00	0.00	0.10	0.00	0.50
CUTAX	0.03	0.00	0.00	(0.49)	0.00	0.00	0.10	0.00	0.40
CUSUX	0.45	0.06	0.06	0.19	0.28	(0.51)	1.21	(0.69)	3.12
CGLBX	0.13	0.00	(0.54)	0.13	0.06	(0.16)	0.24	(0.23)	0.59
CIUEX	0.57	(0.04)	(0.07)	0.07	0.71	(0.61)	1.24	(1.34)	3.73
CMEUX	0.45	0.07	0.06	0.20	0.25	(0.51)	1.20	(0.74)	3.01
CMIUX	0.55	(0.03)	(0.06)	0.08	0.63	(0.60)	1.26	(1.36)	3.57
CRDOX	0.09	0.03	(0.39)	0.54	0.00	(0.14)	0.23	(0.11)	0.67
CALTX	0.14	0.02	(0.33)	0.25	0.00	(0.21)	0.30	(0.20)	0.79
CBTAX	0.09	0.01	(0.62)	(0.65)	0.00	(0.14)	0.21	(0.21)	0.63

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