Six Circles Correlations

CUTAX Fund

USD 9.89 0.00 0.00%

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 Tax 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 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

0.93	CUSDX	Six Circles Ultra	Pair Corr
0.85	CUSUX	Six Circles Unconstrained	Pair Corr
0.86	CMEUX	Six Circles Managed	Pair Corr
0.86	PTSPX	Pimco Short Term	Pair Corr
0.86	PTSHX	Short Term Fund	Pair Corr
0.86	PSFAX	Short Term Fund	Pair Corr
0.87	PTSRX	Short Term Fund	Pair Corr
0.85	PSDNX	Putnam Ultra Short	Pair Corr
0.86	LUSNX	Lord Abbett Ultra	Pair Corr
0.95	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.85	PSDRX	Putnam Short Duration	Pair Corr
0.85	PSDYX	Putnam Short Duration	Pair Corr
0.67	PFN	Pimco Income Strategy	Pair Corr
0.8	XNKGX	Nuveen Georgia Quality	Pair Corr
0.82	XPPRX	Voya Prime Rate Steady Growth	Pair Corr
0.83	PCF	Putnam High Income	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.76	CII	Blackrock Enhanced	Pair Corr
0.83	BDJ	Blackrock Enhanced Equity	Pair Corr
0.73	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.86	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Six Mutual Fund

0.75	CIUEX	Six Circles International	Pair Corr
0.69	CMIUX	Six Circles Managed	Pair Corr
0.56	XNXJX	Nuveen New Jersey	Pair Corr
0.47	NXJ	Nuveen New Jersey	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.73	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.49	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	VAADX	PBXIX	XNCVX	FSAWX	LCFYX	GCV	PBXCX
VAADX		0.98	1.0	0.94	0.98	0.2	0.96	VAADX
PBXIX	0.98		0.97	0.92	0.96	0.07	0.97	PBXIX
XNCVX	1.0	0.97		0.92	0.98	0.22	0.95	XNCVX
FSAWX	0.94	0.92	0.92		0.95	0.1	0.93	FSAWX
LCFYX	0.98	0.96	0.98	0.95		0.23	0.97	LCFYX
GCV	0.2	0.07	0.22	0.1	0.23		0.1	GCV
PBXCX	0.96	0.97	0.95	0.93	0.97	0.1		PBXCX
	VAADX	PBXIX	XNCVX	FSAWX	LCFYX	GCV	PBXCX

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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
VAADX	0.43	0.15	0.09	1.59	0.18	(0.53)	1.09	(0.84)	2.28
PBXIX	0.31	0.08	(0.06)	1.07	0.00	(0.40)	0.87	(0.55)	1.94
XNCVX	0.47	0.14	0.05	1.57	0.40	(0.61)	1.08	(0.80)	2.41
FSAWX	0.08	0.03	(0.71)	(3.60)	0.00	(0.13)	0.19	(0.09)	0.46
LCFYX	0.37	0.09	0.06	0.30	0.00	(0.46)	1.01	(0.69)	2.22
GCV	0.86	0.09	0.00	0.45	1.24	(0.87)	1.87	(1.80)	7.45
PBXCX	0.32	0.03	(0.09)	0.18	0.15	(0.39)	0.88	(0.56)	1.96

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