- ISIN
- US83002G6035
- Issuer
- Six Circles
- Inception Date
- Apr 9, 2019
- Category
- Europe 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
CMIUX Performance Chart
Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) is up 12.4% since the beginning of the year. CMIUX is currently trading at $19 per share. Investors who bought $1,000 worth of CMIUX shares 5 years ago would now be looking at an investment worth $1,681.
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Returns By Period
Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) has returned 12.43% so far this year and 27.14% over the past 12 months.
Six Circles Managed Equity Portfolio International Unconstrained Fund
- 1D
- 2.56%
- 1M
- 2.23%
- 6M
- 6.45%
- YTD
- 12.43%
- 1Y
- 27.14%
- 3Y*
- 16.33%
- 5Y*
- 10.94%
- 10Y*
- —
- ALL TIME*
- 11.49%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CMIUX Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2019, CMIUX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +18.1%, while the worst month was Mar 2020 at -16.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CMIUX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.1%, while the worst single day was Mar 12, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.62% | 4.13% | -8.42% | 5.76% | 2.19% | 0.38% | 2.90% | 12.43% | |||||
| 2025 | 5.43% | 3.76% | -1.42% | 4.90% | 4.80% | 2.16% | -2.31% | 3.94% | 2.59% | 0.68% | 1.28% | 3.66% | 33.36% |
| 2024 | -0.08% | 2.87% | 3.84% | -2.76% | 5.60% | -1.84% | 1.51% | 3.33% | 0.27% | -5.68% | -1.60% | -2.29% | 2.63% |
| 2023 | 10.09% | -2.56% | 3.98% | 3.18% | -4.34% | 4.29% | 2.22% | -4.03% | -4.52% | -2.45% | 8.84% | 5.16% | 20.07% |
| 2022 | -2.39% | -3.80% | 0.33% | -6.80% | 2.46% | -10.13% | 5.64% | -6.78% | -9.21% | 7.48% | 15.61% | -2.69% | -12.61% |
| 2021 | -1.27% | 3.31% | 3.73% | 3.94% | 4.70% | -1.73% | 1.68% | 1.73% | -4.42% | 5.67% | -4.52% | 6.07% | 19.72% |
Benchmark Metrics
Six Circles Managed Equity Portfolio International Unconstrained Fund has an annualized alpha of 1.60%, beta of 0.79, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since April 16, 2019.
- This fund participated in 89.66% of S&P 500 Index downside but only 85.05% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.60%
- Beta
- 0.79
- R²
- 0.63
- Upside Capture
- 85.05%
- Downside Capture
- 89.66%
Expense Ratio
CMIUX has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
CMIUX ranks 62 for risk / return — above 62% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMIUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.00 | +0.20 |
| Martin ratioReturn relative to average drawdown | 8.13 | 8.49 | -0.36 |
Dividends
Dividend History
Six Circles Managed Equity Portfolio International Unconstrained Fund provided a 2.33% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.38 | $0.29 | $0.33 | $0.25 | $0.20 | $0.16 |
Dividend yield | 2.33% | 2.62% | 2.96% | 2.25% | 2.98% | 1.93% | 1.81% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Managed Equity Portfolio International 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 | $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 | $0.38 | $0.38 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2021 | $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 |
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 International 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 International Unconstrained Fund was 36.83%, occurring on Mar 23, 2020. Recovery took 165 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-36.83%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 | COVID crash2020 |
-29.49%Sep 2022 | 8mo 17d | 9mo 19d | 1y 6moJan 2022 - Jul 2023 | Bear market2022 |
-14.30%Apr 2025 | 1mo 2d | 24d | 1mo 26dMar 2025 - May 2025 | 2025 selloff2025 |
-12.39%Oct 2023 | 3mo 15d | 1mo 18d | 5mo 3dJul 2023 - Dec 2023 | — |
-11.76%Mar 2026 | 22d | 3mo 18d | 4mo 10dFeb 2026 - Jul 2026 | — |
Drawdown Indicators
| CMIUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -56.78% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -9.10% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -18.90% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -25.43% | -4.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -10.70% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.14% | +1.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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