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ISIN
US83002G4055
Inception Date
Jul 9, 2018
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Equity

Share Price Chart


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Performance

CIUEX Performance Chart

Six Circles International Unconstrained Equity Fund (CIUEX) is up 8.6% since the beginning of the year. CIUEX is currently trading at $15 per share. Investors who bought $1,000 worth of CIUEX shares 5 years ago would now be looking at an investment worth $1,560.


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S&P 500 Index

Returns By Period

Six Circles International Unconstrained Equity Fund (CIUEX) has returned 8.59% so far this year and 21.28% over the past 12 months.


Six Circles International Unconstrained Equity Fund

1D
0.33%
1M
4.08%
YTD
8.59%
6M
12.09%
1Y
21.28%
3Y*
16.73%
5Y*
9.30%
10Y*

Benchmark (S&P 500 Index)

1D
-0.74%
1M
4.90%
YTD
10.35%
6M
10.28%
1Y
26.52%
3Y*
20.83%
5Y*
12.30%
10Y*
13.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CIUEX Monthly Returns History

Based on dividend-adjusted daily data since Jul 26, 2018, CIUEX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +15.5%, while the worst month was Mar 2020 at -16.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, CIUEX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.8%, while the worst single day was Mar 12, 2020 at -12.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20265.41%3.97%-8.49%5.90%2.31%-0.07%8.59%
20255.82%4.34%-0.59%4.19%4.84%2.19%-2.99%4.03%2.50%0.59%1.32%3.90%34.22%
20240.37%2.97%4.05%-2.85%5.88%-1.77%1.37%3.38%-0.49%-5.91%-1.83%-2.26%2.29%
20239.57%-1.77%2.10%3.82%-4.52%4.44%2.08%-3.89%-4.62%-2.42%9.21%4.89%18.98%
2022-3.24%-3.91%-0.39%-5.45%2.16%-9.87%5.14%-7.01%-9.60%8.34%14.59%-2.42%-13.67%
2021-1.50%1.42%4.01%3.28%4.39%-1.43%1.09%1.89%-5.73%5.42%-4.88%6.03%14.00%

Benchmark Metrics

Six Circles International Unconstrained Equity Fund has an annualized alpha of -1.19%, beta of 0.77, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since July 27, 2018.

  • This fund participated in 91.69% of S&P 500 Index downside but only 75.35% of its upside - more exposed to losses than it benefited from rallies.

Alpha
-1.19%
Beta
0.77
0.62
Upside Capture
75.35%
Downside Capture
91.69%

Expense Ratio

CIUEX has an expense ratio of 0.10%, which is considered low.


Return for Risk

Risk / Return Rank

CIUEX ranks 22 for risk / return — below 22% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


CIUEX Risk / Return Rank: 2222
Overall Rank
CIUEX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CIUEX Sortino Ratio Rank: 2121
Sortino Ratio Rank
CIUEX Omega Ratio Rank: 2020
Omega Ratio Rank
CIUEX Calmar Ratio Rank: 2222
Calmar Ratio Rank
CIUEX Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Six Circles International Unconstrained Equity Fund (CIUEX) and compare them to S&P 500 Index.


CIUEXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.31

2.24

-0.93

Sortino ratio

Return per unit of downside risk

1.91

3.07

-1.16

Omega ratio

Gain probability vs. loss probability

1.24

1.41

-0.17

Calmar ratio

Return relative to maximum drawdown

1.73

2.93

-1.19

Martin ratio

Return relative to average drawdown

6.42

13.52

-7.10

Dividends

Dividend History

Six Circles International Unconstrained Equity Fund provided a 2.91% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 5 consecutive years.


1.50%2.00%2.50%3.00%$0.00$0.10$0.20$0.30$0.402019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019
Dividend$0.44$0.44$0.35$0.31$0.29$0.27$0.16$0.28

Dividend yield

2.91%3.16%3.25%2.87%3.14%2.44%1.59%2.87%

Monthly Dividends

The table displays the monthly dividend distributions for Six Circles International Unconstrained Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.44$0.44
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.35$0.35
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.31$0.31
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.29$0.29
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.27$0.27

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Six Circles International Unconstrained Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Six Circles International Unconstrained Equity Fund was 37.39%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.

The current Six Circles International Unconstrained Equity Fund drawdown is 1.12%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-37.39%Mar 2020
1y 7mo8mo 14d
2y 4moAug 2018 - Dec 2020
Bear market2022
-30.15%Sep 2022
10mo 27d1y 2mo
2y 1moNov 2021 - Dec 2023
2025 selloff2025
-13.99%Apr 2025
20d24d
1mo 14dMar 2025 - May 2025
2026 correction2026
-11.89%Mar 2026
29d
3mo 8dFeb 2026 - now
2025 correction2025
-11.32%Jan 2025
3mo 18d1mo 21d
5mo 9dSep 2024 - Mar 2025

Drawdown Indicators


CIUEXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-37.39%

-56.78%

+19.39%

Max Drawdown (1Y)

Largest decline over 1 year

-11.89%

-9.10%

-2.79%

Max Drawdown (3Y)

Largest decline over 3 years

-13.99%

-18.90%

+4.91%

Max Drawdown (5Y)

Largest decline over 5 years

-30.15%

-25.43%

-4.72%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-1.12%

-0.74%

-0.38%

Average Drawdown

Average peak-to-trough decline

-6.72%

-10.72%

+4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

1.97%

+1.23%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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