CMEUX vs. FMCSX
CMEUX (Six Circles Managed Equity Portfolio U.S. Unconstrained Fund) and FMCSX (Fidelity Mid-Cap Stock Fund) are both mutual funds - CMEUX is a Large Cap Blend Equities fund managed by BlackRock, while FMCSX is a Mid Cap Blend Equities fund actively managed by Fidelity. Over the past 5 years, CMEUX returned 12.19%/yr vs 10.38%/yr for FMCSX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. CMEUX charges 0.07%/yr vs 0.62%/yr for FMCSX.
Performance
CMEUX vs. FMCSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMEUX achieves a 8.74% return, which is significantly lower than FMCSX's 14.84% return.
CMEUX
- 1D
- 1.85%
- 1M
- -0.60%
- 6M
- 7.85%
- YTD
- 8.74%
- 1Y
- 20.95%
- 3Y*
- 19.08%
- 5Y*
- 12.19%
- 10Y*
- —
- ALL TIME*
- 16.45%
FMCSX
- 1D
- 1.17%
- 1M
- -3.33%
- 6M
- 11.06%
- YTD
- 14.84%
- 1Y
- 23.84%
- 3Y*
- 14.66%
- 5Y*
- 10.38%
- 10Y*
- 12.33%
- ALL TIME*
- 11.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CMEUX vs. FMCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMEUX Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | 8.74% | 18.38% | 24.94% | 29.09% | -20.29% | 26.65% | 29.12% | 12.13% |
FMCSX Fidelity Mid-Cap Stock Fund | 14.84% | 11.80% | 14.55% | 11.02% | -6.40% | 28.64% | 11.43% | 9.48% |
Correlation
The correlation between CMEUX and FMCSX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.76 |
The correlation between CMEUX and FMCSX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMEUX vs. FMCSX — Risk / Return Rank
CMEUX
FMCSX
CMEUX vs. FMCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and Fidelity Mid-Cap Stock Fund (FMCSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CMEUX | FMCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.51 | -0.54 |
| Martin ratioReturn relative to average drawdown | 7.75 | 8.76 | -1.00 |
Loading charts...
Drawdowns
CMEUX vs. FMCSX - Drawdown Comparison
The maximum CMEUX drawdown since its inception was -28.39%, smaller than the maximum FMCSX drawdown of -62.19%. Use the drawdown chart below to compare losses from any high point for CMEUX and FMCSX.
Loading charts...
Drawdown Indicators
| CMEUX | FMCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -62.19% | +33.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -8.55% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -22.33% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -22.33% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.55% | — |
Current DrawdownCurrent decline from peak | -2.98% | -5.29% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -9.32% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.46% | -0.05% |
Volatility
CMEUX vs. FMCSX - Volatility Comparison
The current volatility for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) is 3.47%, while Fidelity Mid-Cap Stock Fund (FMCSX) has a volatility of 4.28%. This indicates that CMEUX experiences smaller price fluctuations and is considered to be less risky than FMCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMEUX | FMCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 4.28% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 13.15% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 16.59% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 17.74% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 18.56% | +1.31% |
CMEUX vs. FMCSX - Expense Ratio Comparison
CMEUX has a 0.07% expense ratio, which is lower than FMCSX's 0.62% expense ratio.
Dividends
CMEUX vs. FMCSX - Dividend Comparison
CMEUX's dividend yield for the trailing twelve months is around 0.93%, less than FMCSX's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMEUX Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | 0.93% | 1.01% | 1.02% | 1.16% | 1.52% | 4.12% | 3.33% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% |
FMCSX Fidelity Mid-Cap Stock Fund | 5.40% | 1.83% | 8.94% | 2.60% | 5.44% | 12.80% | 6.72% | 6.63% | 18.48% | 6.66% | 8.25% | 14.18% |
Frequently Asked Questions
CMEUX and FMCSX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCSX has higher volatility (4.28%) compared to CMEUX (3.47%). In terms of maximum drawdown, CMEUX dropped -28.39% vs FMCSX's -62.19%.
CMEUX currently has the higher Sharpe Ratio (1.41 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CMEUX and FMCSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer