Six Circles Correlations

CUTAX Fund

USD 9.91 0.01 0.10%

The current 90-days correlation between Six Circles Tax and Six Circles Ultra is 0.43 (i.e., Very weak 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

Average diversification

The correlation between Six Circles Tax and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles Tax 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 Tax. 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 nation.

Moving together with Six Mutual Fund

0.96	CUSDX	Six Circles Ultra	Pair Corr
0.85	CUSUX	Six Circles Unconstrained	Pair Corr
0.84	CMEUX	Six Circles Managed	Pair Corr
0.88	CRDOX	Six Circles Credit	Pair Corr
0.89	PTSPX	Pimco Short Term	Pair Corr
0.89	PSFAX	Short Term Fund	Pair Corr
0.89	PSDNX	Putnam Ultra Short	Pair Corr
0.9	LUSNX	Lord Abbett Ultra	Pair Corr
0.96	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.89	PSDRX	Putnam Short Duration	Pair Corr
0.89	PSDYX	Putnam Short Duration	Pair Corr
0.84	LSHEX	Kinetics Spin Off Downward Rally	Pair Corr
0.82	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.82	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.82	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	LSHAX	Horizon Spin Off Downward Rally	Pair Corr
0.82	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	IGOAX	Rational Inflation Growth	Pair Corr
0.88	FFRHX	Fidelity Advisor Floating	Pair Corr
0.86	FCYIX	Industrials Portfolio	Pair Corr
0.81	LIADX	Lifex Inflation-protec	Pair Corr
0.89	FIUIX	Fidelity Telecom And	Pair Corr
0.65	VWEHX	Vanguard High Yield	Pair Corr
0.83	VBIAX	Vanguard Balanced Index	Pair Corr
0.9	DMA	Destra Multi Alternative	Pair Corr
0.79	FSHOX	Construction And Housing	Pair Corr
0.83	VEIPX	Vanguard Equity Income	Pair Corr
0.63	LEOIX	Lazard Enhanced Oppo	Pair Corr

Moving against Six Mutual Fund

0.72	CIUEX	Six Circles International	Pair Corr
0.66	CMIUX	Six Circles Managed	Pair Corr

Related Correlations Analysis

	CUSDX	CUTAX	CUSUX	CGLBX	CIUEX	CMEUX	CMIUX	CRDOX	CBTAX
CUSDX		0.96	0.89	-0.24	-0.77	0.88	-0.71	0.84	-0.1	CUSDX
CUTAX	0.96		0.85	-0.1	-0.72	0.84	-0.66	0.88	0.07	CUTAX
CUSUX	0.89	0.85		-0.3	-0.63	1.0	-0.57	0.77	-0.13	CUSUX
CGLBX	-0.24	-0.1	-0.3		0.4	-0.3	0.41	0.13	0.78	CGLBX
CIUEX	-0.77	-0.72	-0.63	0.4		-0.61	0.99	-0.42	0.33	CIUEX
CMEUX	0.88	0.84	1.0	-0.3	-0.61		-0.55	0.78	-0.12	CMEUX
CMIUX	-0.71	-0.66	-0.57	0.41	0.99	-0.55		-0.34	0.37	CMIUX
CRDOX	0.84	0.88	0.77	0.13	-0.42	0.78	-0.34		0.33	CRDOX
CBTAX	-0.1	0.07	-0.13	0.78	0.33	-0.12	0.37	0.33		CBTAX
	CUSDX	CUTAX	CUSUX	CGLBX	CIUEX	CMEUX	CMIUX	CRDOX	CBTAX

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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

CMEUX	+ 1.0	CUSUX
CMIUX	+ 0.99	CIUEX
CUTAX	+ 0.96	CUSDX
CUSUX	+ 0.89	CUSDX
CMEUX	+ 0.88	CUSDX
CRDOX	+ 0.88	CUTAX

High negative correlations

CIUEX	- 0.77	CUSDX
CIUEX	- 0.72	CUTAX
CMIUX	- 0.71	CUSDX
CMIUX	- 0.66	CUTAX
CIUEX	- 0.63	CUSUX
CMEUX	- 0.61	CIUEX

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	1.47	0.00	0.00	0.10	0.00	0.20
CUTAX	0.03	0.00	0.00	0.39	0.00	0.00	0.10	0.00	0.20
CUSUX	0.55	0.00	(0.03)	0.12	0.65	(0.60)	1.13	(1.38)	3.77
CGLBX	0.16	(0.01)	(0.58)	(0.12)	0.15	(0.22)	0.35	(0.35)	0.93
CIUEX	0.73	(0.12)	0.00	2.67	0.00	0.00	1.33	(1.94)	4.84
CMEUX	0.55	(0.01)	(0.04)	0.11	0.68	(0.63)	1.23	(1.56)	3.73
CMIUX	0.71	(0.10)	0.00	2.39	0.00	0.00	1.47	(1.90)	4.53
CRDOX	0.10	0.02	(0.61)	2.33	0.00	(0.17)	0.23	(0.22)	0.56
CBTAX	0.13	(0.01)	(0.34)	(0.01)	0.19	(0.18)	0.20	(0.30)	1.43

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