Six Circles Correlations

CRDOX Fund

USD 9.01 0.02 0.22%

The current 90-days correlation between Six Circles Credit and Vanguard Health Care is 0.27 (i.e., Modest 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

Good diversification

The correlation between Six Circles Credit and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Six Circles Credit 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 Credit. 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 persons.

Moving together with Six Mutual Fund

0.65	CUSDX	Six Circles Ultra	Pair Corr
0.76	CUTAX	Six Circles Tax	Pair Corr
0.7	CUSUX	Six Circles Unconstrained	Pair Corr
0.66	CMEUX	Six Circles Managed	Pair Corr
0.72	VWEAX	Vanguard High Yield	Pair Corr
0.65	BHYCX	Blackrock Hi Yld	Pair Corr
0.83	BHYIX	Blackrock High Yield	Pair Corr
0.83	BHYSX	Blackrock Hi Yld	Pair Corr
0.82	BHYAX	Blackrock High Yield	Pair Corr
0.84	FAHHX	American Funds American	Pair Corr
0.81	FTAHX	American Funds American	Pair Corr
0.85	AHTFX	American High Income	Pair Corr
0.81	AHTCX	American High Income	Pair Corr
0.63	PFN	Pimco Income Strategy	Pair Corr
0.64	PCF	Putnam High Income	Pair Corr
0.74	RGGEX	American Funds Global	Pair Corr
0.64	ELFNX	Elfun Trusts Elfun	Pair Corr
0.66	AMECX	Income Fund	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.62	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Six Mutual Fund

0.33	CMIUX	Six Circles Managed	Pair Corr
0.31	CIUEX	Six Circles International	Pair Corr
0.62	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.56	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.41	BA	Boeing Buyout Trend	Pair Corr

Related Correlations Analysis

	VGHCX	SCHLX	XXGRX	ETAHX	DLHIX	BGHDX	SBHIX
VGHCX		0.99	0.97	0.54	0.73	0.83	0.74	VGHCX
SCHLX	0.99		0.97	0.58	0.73	0.82	0.78	SCHLX
XXGRX	0.97	0.97		0.58	0.75	0.79	0.79	XXGRX
ETAHX	0.54	0.58	0.58		0.49	0.65	0.51	ETAHX
DLHIX	0.73	0.73	0.75	0.49		0.67	0.61	DLHIX
BGHDX	0.83	0.82	0.79	0.65	0.67		0.65	BGHDX
SBHIX	0.74	0.78	0.79	0.51	0.61	0.65		SBHIX
	VGHCX	SCHLX	XXGRX	ETAHX	DLHIX	BGHDX	SBHIX

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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
VGHCX	0.58	(0.15)	0.00	(0.85)	0.00	0.00	0.82	(1.29)	3.84
SCHLX	0.53	(0.10)	0.00	(0.60)	0.00	0.00	0.89	(1.16)	3.08
XXGRX	0.63	(0.14)	0.00	(0.69)	0.00	0.00	1.01	(1.19)	2.74
ETAHX	1.05	(0.14)	0.00	(0.01)	0.00	0.00	2.27	(2.28)	7.54
DLHIX	0.80	(0.35)	0.00	(0.35)	0.00	0.00	0.99	(1.78)	13.29
BGHDX	0.96	0.01	(0.06)	(1.96)	1.53	(1.08)	1.38	(1.69)	8.68
SBHIX	0.59	(0.09)	0.00	(0.32)	0.00	0.00	1.00	(1.16)	4.23

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