Six Circles Correlations

CIUEX Fund

USD 12.78 0.04 0.31%

The current 90-days correlation between Six Circles International and Thrivent Natural Resources is 0.1 (i.e., Average 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 International and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles International 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 International. 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 income.

Moving together with Six Mutual Fund

0.88	CUSUX	Six Circles Unconstrained	Pair Corr
0.81	CMEUX	Six Circles Managed	Pair Corr
0.9	CMIUX	Six Circles Managed	Pair Corr
0.9	CRDOX	Six Circles Credit	Pair Corr
0.88	VEUSX	Vanguard European Stock	Pair Corr
1.0	VESIX	Vanguard European Stock	Pair Corr
0.91	VEUPX	Vanguard European Stock	Pair Corr
1.0	VEURX	Vanguard European Stock	Pair Corr
1.0	AEDYX	Invesco European Growth	Pair Corr
1.0	AEGSX	Invesco European Growth	Pair Corr
0.87	FHJUX	Fidelity Europe	Pair Corr
0.87	FHJTX	Fidelity Europe	Pair Corr
0.99	TRIPX	Tiaa Cref International	Pair Corr
0.99	FCPAX	Fidelity Advisor Int	Pair Corr
0.83	BRKRX	Mfs Blended Research	Pair Corr
0.92	FQITX	Fidelity Salem Street	Pair Corr
0.96	MIDJX	Mfs International New	Pair Corr
0.89	WFEMX	Wcm Focused Emerging	Pair Corr
0.71	OSICX	Oppenheimer Strategic	Pair Corr
0.73	AIAFX	Alpine Global Infras	Pair Corr

Moving against Six Mutual Fund

0.49	PQTNX	Pimco Trends Managed	Pair Corr
0.49	PQTIX	Aa Pimco Tr	Pair Corr
0.48	PQTAX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	TREIX	GRHAX	DNLAX	SMAPX	PSPFX
TREIX		0.79	0.03	0.03	0.84	TREIX
GRHAX	0.79		0.52	0.53	0.97	GRHAX
DNLAX	0.03	0.52		0.91	0.35	DNLAX
SMAPX	0.03	0.53	0.91		0.39	SMAPX
PSPFX	0.84	0.97	0.35	0.39		PSPFX
	TREIX	GRHAX	DNLAX	SMAPX	PSPFX

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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
TREIX	0.08	0.01	0.25	2.43	0.00	(0.14)	0.20	(0.20)	0.71
GRHAX	1.46	0.21	0.08	0.19	2.27	(1.56)	3.06	(2.82)	12.92
DNLAX	1.66	(0.02)	0.00	(0.05)	0.00	0.00	3.01	(3.67)	16.76
SMAPX	1.31	0.02	0.00	(0.01)	0.00	0.00	2.48	(3.41)	11.68
PSPFX	1.03	0.19	0.11	0.28	1.54	(1.15)	2.03	(2.13)	8.72

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