- ISIN
- US83002G3065
- Issuer
- Six Circles
- Inception Date
- Jul 9, 2018
- 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
CUSUX Performance Chart
Six Circles U.S. Unconstrained Equity Fund (CUSUX) is up 7.3% since the beginning of the year. CUSUX is currently trading at $20 per share. Investors who bought $1,000 worth of CUSUX shares 5 years ago would now be looking at an investment worth $1,851.
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Returns By Period
Six Circles U.S. Unconstrained Equity Fund (CUSUX) has returned 7.25% so far this year and 24.85% over the past 12 months.
Six Circles U.S. Unconstrained Equity Fund
- 1D
- 1.14%
- 1M
- 0.59%
- YTD
- 7.25%
- 6M
- 6.80%
- 1Y
- 24.85%
- 3Y*
- 20.94%
- 5Y*
- 13.10%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CUSUX Monthly Returns History
Based on dividend-adjusted daily data since Jul 26, 2018, CUSUX's average daily return is +0.06%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 63% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +14.1%, while the worst month was Apr 2022 at -10.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CUSUX closed higher 54% of trading days. The best single day was Dec 17, 2021 with a return of +16.7%, while the worst single day was Dec 20, 2021 at -16.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.16% | -2.58% | -4.38% | 10.45% | 5.63% | -1.16% | 7.25% | ||||||
| 2025 | 3.73% | -1.94% | -6.32% | -0.36% | 6.29% | 5.86% | 2.26% | 2.10% | 3.04% | 2.95% | 0.53% | 0.33% | 19.35% |
| 2024 | 1.89% | 5.95% | 3.00% | -4.42% | 4.69% | 4.06% | 1.11% | 2.71% | 2.30% | -0.93% | 6.08% | -3.39% | 24.86% |
| 2023 | 5.73% | -2.46% | 4.88% | 2.01% | 2.44% | 5.22% | 3.94% | -1.69% | -4.43% | -1.79% | 9.82% | 4.08% | 30.38% |
| 2022 | -5.93% | -2.83% | 3.64% | -9.99% | -0.31% | -6.03% | 7.84% | -4.72% | -9.09% | 5.71% | 5.91% | -5.77% | -21.28% |
| 2021 | -0.82% | 4.28% | 4.39% | 6.20% | 1.36% | 2.50% | 2.12% | 3.79% | -5.66% | 7.62% | -1.74% | 3.42% | 30.27% |
Benchmark Metrics
Six Circles U.S. Unconstrained Equity Fund has an annualized alpha of 2.38%, beta of 0.97, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since July 26, 2018.
- This fund captured 103.99% of S&P 500 Index gains but only 97.52% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.38% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.97 and R2 of 0.78, 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
- 2.38%
- Beta
- 0.97
- R²
- 0.78
- Upside Capture
- 103.99%
- Downside Capture
- 97.52%
Expense Ratio
CUSUX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
CUSUX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Six Circles U.S. Unconstrained Equity Fund (CUSUX) 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.
| CUSUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.78 | -0.53 |
| Martin ratioReturn relative to average drawdown | 8.89 | 12.44 | -3.55 |
Dividends
Dividend History
Six Circles U.S. Unconstrained Equity Fund provided a 8.56% dividend yield over the last twelve months, with an annual payout of $1.75 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.75 | $1.75 | $1.16 | $0.18 | $0.31 | $2.47 | $0.21 | $0.19 |
Dividend yield | 8.56% | 9.18% | 6.64% | 1.19% | 2.68% | 16.48% | 1.55% | 1.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles U.S. Unconstrained Equity 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 | $1.75 | $1.75 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.16 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.47 | $2.47 |
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 U.S. 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 U.S. Unconstrained Equity Fund was 35.55%, occurring on Oct 12, 2022. Recovery took 399 trading sessions.
The current Six Circles U.S. Unconstrained Equity Fund drawdown is 1.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -35.55%Oct 2022 | 9mo 26d | 1y 7mo | 2y 4moDec 2021 - May 2024 |
COVID crash2020 | -30.89%Mar 2020 | 1mo 2d | 3mo 23d | 4mo 25dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -20.11%Dec 2018 | 2mo 21d | 6mo 20d | 9mo 11dOct 2018 - Jul 2019 |
2025 selloff2025 | -19.64%Apr 2025 | 1mo 19d | 2mo 19d | 4mo 8dFeb 2025 - Jun 2025 |
2026 correction2026 | -11.01%Mar 2026 | 2mo 16d | 18d | 3mo 4dJan 2026 - Apr 2026 |
Drawdown Indicators
| CUSUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.55% | -56.78% | +21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -9.10% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.64% | -18.90% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -35.55% | -25.43% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.78% | -1.80% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -10.71% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.03% | +0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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