CMEUX vs. QQQ
Compare and contrast key facts about Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and Invesco QQQ (QQQ).
CMEUX is managed by Blackrock. It was launched on Apr 10, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMEUX or QQQ.
Key characteristics
| CMEUX | QQQ | |
|---|---|---|
| YTD Return | 26.76% | 25.94% |
| 1Y Return | 37.72% | 38.64% |
| 3Y Return (Ann) | 9.52% | 9.61% |
| 5Y Return (Ann) | 17.63% | 21.45% |
| Sharpe Ratio | 2.89 | 2.22 |
| Sortino Ratio | 3.89 | 2.91 |
| Omega Ratio | 1.54 | 1.40 |
| Calmar Ratio | 4.18 | 2.86 |
| Martin Ratio | 18.71 | 10.42 |
| Ulcer Index | 2.03% | 3.72% |
| Daily Std Dev | 13.13% | 17.47% |
| Max Drawdown | -28.39% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CMEUX and QQQ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CMEUX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with CMEUX having a 26.76% return and QQQ slightly lower at 25.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CMEUX vs. QQQ - Expense Ratio Comparison
CMEUX has a 0.07% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CMEUX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and Invesco QQQ (QQQ). 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.
Dividends
CMEUX vs. QQQ - Dividend Comparison
CMEUX's dividend yield for the trailing twelve months is around 0.91%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMEUX Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | 0.91% | 1.16% | 1.38% | 0.89% | 1.48% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CMEUX vs. QQQ - Drawdown Comparison
The maximum CMEUX drawdown since its inception was -28.39%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CMEUX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CMEUX vs. QQQ - Volatility Comparison
The current volatility for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) is 3.89%, while Invesco QQQ (QQQ) has a volatility of 5.18%. This indicates that CMEUX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.