Six Circles Correlations

CUSUX Fund

USD 19.05 0.12 0.63%

The current 90-days correlation between Six Circles Unconstrained and Six Circles Ultra is -0.13 (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

Very poor diversification

The correlation between Six Circles Unconstrained and DJI is 0.82 (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 Unconstrained 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 Unconstrained. 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

0.88	CUSDX	Six Circles Ultra	Pair Corr
0.84	CUTAX	Six Circles Tax	Pair Corr
1.0	CMEUX	Six Circles Managed	Pair Corr
0.8	CRDOX	Six Circles Credit	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	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
0.99	FBALX	Fidelity Balanced	Pair Corr
0.74	RIV	Rivernorth Opportunities	Pair Corr
0.95	LLPFX	Longleaf Partners	Pair Corr
0.97	LTFOX	Lord Abbett Affiliated	Pair Corr
0.98	VIGAX	Vanguard Growth Index	Pair Corr
0.89	SCRYX	Small Cap Core	Pair Corr
0.91	RQECX	Resq Dynamic Allocation	Pair Corr
0.8	GAB	Gabelli Equity Trust	Pair Corr
0.89	FEMDX	Franklin Emerging Market	Pair Corr

Moving against Six Mutual Fund

0.61	CIUEX	Six Circles International	Pair Corr
0.55	CMIUX	Six Circles Managed	Pair Corr
0.32	CGLBX	Six Circles Global	Pair Corr

Related Correlations Analysis

	CUSDX	CUTAX	CGLBX	CIUEX	CMIUX	CRDOX	CBTAX
CUSDX		0.96	-0.24	-0.77	-0.71	0.84	-0.1	CUSDX
CUTAX	0.96		-0.1	-0.72	-0.66	0.88	0.07	CUTAX
CGLBX	-0.24	-0.1		0.4	0.41	0.13	0.78	CGLBX
CIUEX	-0.77	-0.72	0.4		0.99	-0.42	0.33	CIUEX
CMIUX	-0.71	-0.66	0.41	0.99		-0.34	0.37	CMIUX
CRDOX	0.84	0.88	0.13	-0.42	-0.34		0.33	CRDOX
CBTAX	-0.1	0.07	0.78	0.33	0.37	0.33		CBTAX
	CUSDX	CUTAX	CGLBX	CIUEX	CMIUX	CRDOX	CBTAX

Click cells to compare fundamentals

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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	+ 0.99	CIUEX
CUTAX	+ 0.96	CUSDX
CRDOX	+ 0.88	CUTAX
CRDOX	+ 0.84	CUSDX
CBTAX	+ 0.78	CGLBX
CMIUX	+ 0.41	CGLBX

High negative correlations

CIUEX	- 0.77	CUSDX
CIUEX	- 0.72	CUTAX
CMIUX	- 0.71	CUSDX
CMIUX	- 0.66	CUTAX
CRDOX	- 0.42	CIUEX
CRDOX	- 0.34	CMIUX

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	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.20
CUTAX	0.03	0.00	0.00	0.92	0.00	0.00	0.10	0.00	0.20
CGLBX	0.16	0.00	(0.59)	0.00	0.15	(0.22)	0.35	(0.35)	0.93
CIUEX	0.73	(0.19)	0.00	(0.28)	0.00	0.00	1.33	(1.94)	4.84
CMIUX	0.71	(0.16)	0.00	(0.23)	0.00	0.00	1.47	(1.90)	4.53
CRDOX	0.10	0.01	(0.62)	0.28	0.00	(0.17)	0.23	(0.22)	0.56
CBTAX	0.13	0.01	(0.35)	0.01	0.19	(0.18)	0.20	(0.30)	1.43

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