Six Circles Correlations

CGLBX Fund

USD 8.62 0.01 0.12%

The current 90-days correlation between Six Circles Global and Goldman Sachs Short is 0.28 (i.e., Modest 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

Significant diversification

The correlation between Six Circles Global and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles Global 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 Global. 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 bureau of labor statistics.

Moving together with Six Mutual Fund

0.8	CBTAX	Six Circles Tax	Pair Corr
0.62	RCWBX	Capital World Bond	Pair Corr
0.63	CCWFX	Capital World Bond	Pair Corr
0.62	CCWCX	Capital World Bond	Pair Corr
0.63	RCWEX	Capital World Bond	Pair Corr
0.63	CCWEX	Capital World Bond	Pair Corr
0.63	RCWCX	Capital World Bond	Pair Corr
0.63	RCWGX	Capital World Bond	Pair Corr

Moving against Six Mutual Fund

0.36	CUSDX	Six Circles Ultra	Pair Corr
0.31	QCGRPX	College Retirement	Pair Corr

Related Correlations Analysis

	GDICX	GLRBX	VGSBX	FRGOX	FEGOX	MXKJX	SGDLX	XGGNX
GDICX		-0.02	0.86	-0.02	0.09	-0.36	-0.07	0.04	GDICX
GLRBX	-0.02		-0.3	0.33	0.24	0.76	0.41	0.47	GLRBX
VGSBX	0.86	-0.3		-0.13	0.0	-0.6	-0.2	-0.09	VGSBX
FRGOX	-0.02	0.33	-0.13		0.98	-0.11	0.95	0.86	FRGOX
FEGOX	0.09	0.24	0.0	0.98		-0.19	0.9	0.8	FEGOX
MXKJX	-0.36	0.76	-0.6	-0.11	-0.19		0.0	-0.03	MXKJX
SGDLX	-0.07	0.41	-0.2	0.95	0.9	0.0		0.89	SGDLX
XGGNX	0.04	0.47	-0.09	0.86	0.8	-0.03	0.89		XGGNX
	GDICX	GLRBX	VGSBX	FRGOX	FEGOX	MXKJX	SGDLX	XGGNX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FEGOX	+ 0.98	FRGOX
SGDLX	+ 0.95	FRGOX
SGDLX	+ 0.9	FEGOX
XGGNX	+ 0.89	SGDLX
VGSBX	+ 0.86	GDICX
XGGNX	+ 0.86	FRGOX

High negative correlations

MXKJX	- 0.6	VGSBX
MXKJX	- 0.36	GDICX
VGSBX	- 0.3	GLRBX
SGDLX	- 0.2	VGSBX
MXKJX	- 0.19	FEGOX
FRGOX	- 0.13	VGSBX

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
GDICX	0.08	0.00	(0.57)	(0.18)	0.05	(0.13)	0.21	(0.10)	0.82
GLRBX	0.31	0.03	(0.16)	1.26	0.38	(0.32)	0.61	(0.70)	1.88
VGSBX	0.28	0.00	0.00	0.14	0.00	0.00	0.65	(0.64)	1.71
FRGOX	1.49	(0.02)	(0.04)	0.04	1.86	(1.52)	3.13	(3.01)	9.03
FEGOX	1.30	(0.02)	(0.06)	(0.02)	1.72	(1.31)	2.13	(2.96)	8.70
MXKJX	0.59	0.10	0.00	2.40	0.51	(0.74)	1.26	(1.23)	3.51
SGDLX	1.34	0.01	(0.05)	0.19	1.64	(1.46)	2.78	(2.57)	9.03
XGGNX	0.56	(0.04)	0.00	(0.28)	0.00	0.00	1.20	(1.20)	3.86

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