Six Circles Correlations

CMIUX Fund

USD 13.68 0.06 0.44%

The current 90-days correlation between Six Circles Managed and Six Circles Tax is -0.12 (i.e., Good 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

Weak diversification

The correlation between Six Circles Managed and DJI is 0.34 (i.e., Weak 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 employment.

Moving together with Six Mutual Fund

1.0	CIUEX	Six Circles International	Pair Corr
1.0	VEUSX	Vanguard European Stock	Pair Corr
1.0	VESIX	Vanguard European Stock	Pair Corr
1.0	VEUPX	Vanguard European Stock	Pair Corr
1.0	VEURX	Vanguard European Stock	Pair Corr
0.98	AEDYX	Invesco European Growth	Pair Corr
0.98	AEDRX	Invesco European Growth	Pair Corr
0.98	AEGSX	Invesco European Growth	Pair Corr
0.97	FHJUX	Fidelity Europe	Pair Corr
0.97	FHJTX	Fidelity Europe	Pair Corr

Moving against Six Mutual Fund

0.83	KSCYX	Kinetics Small Cap	Pair Corr
0.74	CUSDX	Six Circles Ultra	Pair Corr
0.7	CUTAX	Six Circles Tax	Pair Corr
0.61	CUSUX	Six Circles Unconstrained	Pair Corr
0.57	CMEUX	Six Circles Managed	Pair Corr
0.56	LETRX	Voya Russia Fund	Pair Corr
0.34	CRDOX	Six Circles Credit	Pair Corr
0.86	KINCX	Kinetics Internet	Pair Corr
0.86	KINAX	Kinetics Internet	Pair Corr
0.85	KNPAX	Kinetics Paradigm	Pair Corr
0.85	WWNPX	Kinetics Paradigm	Pair Corr
0.85	KNPCX	Kinetics Paradigm	Pair Corr
0.84	LSHUX	Horizon Spin Off Potential Growth	Pair Corr
0.83	KSCOX	Kinetics Small Cap	Pair Corr
0.83	KSOCX	Kinetics Small Cap	Pair Corr
0.75	JVAIX	Jpmorgan Value Advantage	Pair Corr
0.68	ESPRX	Wells Fargo Advantage	Pair Corr
0.64	AOUAX	Angel Oak Ultrashort	Pair Corr
0.63	USA	Liberty All Star	Pair Corr
0.62	SSCCX	Small Capitalization	Pair Corr
0.61	QAISX	Q3 All Weather	Pair Corr
0.6	DFMAX	Davidson Multi Cap	Pair Corr
0.59	THCGX	Thornburg E Growth	Pair Corr
0.48	APDOX	Artisan Emerging Markets	Pair Corr
0.46	NDMSX	Nationwide Investor	Pair Corr

Related Correlations Analysis

	CUTAX	CUSUX	CIUEX	CMEUX	CMIUX	CRDOX
CUTAX		0.83	-0.74	0.85	-0.7	0.81	CUTAX
CUSUX	0.83		-0.66	0.96	-0.61	0.76	CUSUX
CIUEX	-0.74	-0.66		-0.62	1.0	-0.4	CIUEX
CMEUX	0.85	0.96	-0.62		-0.57	0.75	CMEUX
CMIUX	-0.7	-0.61	1.0	-0.57		-0.34	CMIUX
CRDOX	0.81	0.76	-0.4	0.75	-0.34		CRDOX
	CUTAX	CUSUX	CIUEX	CMEUX	CMIUX	CRDOX

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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

CMIUX	+ 1.0	CIUEX
CMEUX	+ 0.96	CUSUX
CMEUX	+ 0.85	CUTAX
CUSUX	+ 0.83	CUTAX
CRDOX	+ 0.81	CUTAX
CRDOX	+ 0.76	CUSUX

High negative correlations

CIUEX	- 0.74	CUTAX
CMIUX	- 0.7	CUTAX
CIUEX	- 0.66	CUSUX
CMEUX	- 0.62	CIUEX
CMIUX	- 0.61	CUSUX
CMIUX	- 0.57	CMEUX

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
CUTAX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.30
CUSUX	0.55	0.12	0.03	(37.72)	0.61	(0.60)	1.13	(1.38)	3.77
CIUEX	0.73	(0.16)	0.00	(0.29)	0.00	0.00	1.26	(1.94)	4.84
CMEUX	0.54	0.03	0.00	0.14	0.68	(0.61)	1.23	(1.56)	3.73
CMIUX	0.71	(0.14)	0.00	(0.24)	0.00	0.00	1.35	(1.90)	4.53
CRDOX	0.11	0.00	(0.37)	0.00	0.08	(0.17)	0.23	(0.22)	1.11

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