Six Circles Correlations
CUSUX Fund | USD 19.06 0.01 0.05% |
The current 90-days correlation between Six Circles Unconstrained and The Hartford Inflation is 0.03 (i.e., Significant 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 0.87 (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.
Six |
Moving together with Six Mutual Fund
0.96 | CUSDX | Six Circles Ultra | PairCorr |
0.95 | CUTAX | Six Circles Tax | PairCorr |
0.92 | CIUEX | Six Circles International | PairCorr |
0.91 | CMIUX | Six Circles Managed | PairCorr |
0.61 | CRDOX | Six Circles Credit | PairCorr |
0.88 | VIIIX | Vanguard Institutional | PairCorr |
0.66 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.66 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.97 | TREMX | T Rowe Price | PairCorr |
0.98 | ONERX | One Rock Fund | PairCorr |
0.97 | TTEEX | T Rowe Price | PairCorr |
0.99 | FIKGX | Fidelity Advisor Sem | PairCorr |
0.99 | FELIX | Fidelity Advisor Sem | PairCorr |
0.89 | FSELX | Fidelity Select Semi | PairCorr |
0.99 | FELAX | Fidelity Advisor Sem | PairCorr |
0.99 | FELTX | Fidelity Advisor Sem | PairCorr |
0.86 | MLRRX | Mainstay Large Cap | PairCorr |
0.96 | GIMSX | Goldman Sachs Local | PairCorr |
0.97 | BISRX | Brandes International | PairCorr |
0.93 | CUSOX | Columbia Ultra Short | PairCorr |
0.66 | PCSRX | Commodityrealreturn | PairCorr |
0.95 | PEEAX | Prudential Jennison Mid | PairCorr |
0.88 | MURQX | Mutual Of America | PairCorr |
0.98 | CHYYX | Columbia High Yield | PairCorr |
0.99 | KAGIX | Kensington Dynamic Growth | PairCorr |
Related Correlations Analysis
0.98 | 0.99 | 0.98 | 0.99 | 0.81 | HIPSX | ||
0.98 | 0.98 | 0.96 | 0.96 | 0.79 | BPRIX | ||
0.99 | 0.98 | 0.99 | 0.99 | 0.81 | MXIHX | ||
0.98 | 0.96 | 0.99 | 1.0 | 0.78 | ABNZX | ||
0.99 | 0.96 | 0.99 | 1.0 | 0.78 | ABNOX | ||
0.81 | 0.79 | 0.81 | 0.78 | 0.78 | RYIFX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HIPSX | 0.16 | 0.02 | (0.59) | 0.53 | 0.13 | 0.30 | 1.19 | |||
BPRIX | 0.21 | 0.02 | (0.49) | 0.53 | 0.16 | 0.61 | 1.35 | |||
MXIHX | 0.16 | 0.02 | (0.65) | 0.72 | 0.00 | 0.33 | 0.87 | |||
ABNZX | 0.14 | 0.01 | (0.71) | 0.47 | 0.05 | 0.29 | 1.08 | |||
ABNOX | 0.13 | 0.01 | (0.67) | 0.62 | 0.07 | 0.29 | 0.98 | |||
RYIFX | 0.34 | 0.05 | (0.35) | (2.63) | 0.30 | 0.77 | 1.94 |