- ISIN
- US83002G5045
- Issuer
- BlackRock
- Inception Date
- Apr 10, 2019
- Category
- Large Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CMEUX Performance Chart
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) is up 11.8% since the beginning of the year. CMEUX is currently trading at $27 per share. Investors who bought $1,000 worth of CMEUX shares 5 years ago would now be looking at an investment worth $1,942.
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Returns By Period
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) has returned 11.78% so far this year and 31.69% over the past 12 months.
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund
- 1D
- 0.26%
- 1M
- 5.85%
- YTD
- 11.78%
- 6M
- 11.81%
- 1Y
- 31.69%
- 3Y*
- 23.10%
- 5Y*
- 14.20%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
CMEUX Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2019, CMEUX's average daily return is +0.07%, while the average monthly return is +1.43%. At this rate, an investment would double in approximately 4.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +13.0%, while the worst month was Apr 2022 at -9.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CMEUX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82% | -1.47% | -4.48% | 10.94% | 5.91% | 0.26% | 11.78% | ||||||
| 2025 | 3.91% | -3.25% | -6.15% | -0.36% | 6.37% | 5.75% | 2.47% | 1.96% | 3.72% | 3.29% | 0.08% | -0.05% | 18.38% |
| 2024 | 1.79% | 5.81% | 2.88% | -4.20% | 5.12% | 4.12% | 0.51% | 2.25% | 2.50% | -1.07% | 5.72% | -2.40% | 24.94% |
| 2023 | 6.33% | -2.58% | 4.64% | 1.20% | 1.88% | 6.00% | 3.80% | -1.49% | -4.41% | -2.04% | 9.27% | 4.16% | 29.09% |
| 2022 | -5.75% | -3.05% | 3.80% | -9.41% | -0.00% | -7.60% | 9.28% | -4.28% | -9.37% | 7.16% | 5.27% | -6.12% | -20.29% |
| 2021 | -0.58% | 1.83% | 3.45% | 5.63% | 0.53% | 3.93% | 2.02% | 3.40% | -5.79% | 7.29% | -0.83% | 3.64% | 26.65% |
Benchmark Metrics
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund has an annualized alpha of 3.30%, beta of 0.97, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since April 17, 2019.
- This fund captured 106.15% of S&P 500 Index gains but only 94.35% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.30% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.97 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.30%
- Beta
- 0.97
- R²
- 0.93
- Upside Capture
- 106.15%
- Downside Capture
- 94.35%
Expense Ratio
CMEUX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
CMEUX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and compare them to S&P 500 Index.
| CMEUX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.68 | 2.39 | +0.29 |
Sortino ratioReturn per unit of downside risk | 3.61 | 3.25 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.43 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.43 | 3.11 | +0.32 |
Martin ratioReturn relative to average drawdown | 15.13 | 14.38 | +0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund provided a 0.91% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.21 | $0.19 | $0.20 | $0.69 | $0.46 | $0.19 |
Dividend yield | 0.91% | 1.01% | 1.02% | 1.16% | 1.52% | 4.12% | 3.33% | 1.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $0.25 | $0.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
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 Managed Equity Portfolio U.S. Unconstrained 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 Managed Equity Portfolio U.S. Unconstrained Fund was 28.39%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.39%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 |
Bear market2022 | -25.61%Oct 2022 | 9mo 18d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -19.91%Apr 2025 | 1mo 19d | 2mo 20d | 4mo 9dFeb 2025 - Jun 2025 |
2026 pullback2026 | -9.51%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 |
2024 pullback2024 | -9.07%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
Drawdown Indicators
| CMEUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -56.78% | +28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -9.10% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -18.90% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -25.43% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -10.72% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.97% | +0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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