CMEUX vs. VFORX
Compare and contrast key facts about Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and Vanguard Target Retirement 2040 Fund (VFORX).
CMEUX is managed by Blackrock. It was launched on Apr 10, 2019. VFORX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMEUX or VFORX.
Performance
CMEUX vs. VFORX - Performance Comparison
Returns By Period
In the year-to-date period, CMEUX achieves a 26.52% return, which is significantly higher than VFORX's 14.25% return.
CMEUX
26.52%
2.72%
12.54%
32.12%
17.30%
N/A
VFORX
14.25%
1.10%
7.27%
20.75%
9.02%
8.12%
Key characteristics
| CMEUX | VFORX | |
|---|---|---|
| Sharpe Ratio | 2.47 | 2.14 |
| Sortino Ratio | 3.34 | 3.01 |
| Omega Ratio | 1.46 | 1.40 |
| Calmar Ratio | 3.54 | 2.75 |
| Martin Ratio | 15.76 | 13.20 |
| Ulcer Index | 2.04% | 1.57% |
| Daily Std Dev | 13.02% | 9.71% |
| Max Drawdown | -28.39% | -51.63% |
| Current Drawdown | -0.47% | -0.79% |
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CMEUX vs. VFORX - Expense Ratio Comparison
CMEUX has a 0.07% expense ratio, which is lower than VFORX's 0.08% 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%.
Correlation
The correlation between CMEUX and VFORX is 0.92, 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.
Risk-Adjusted Performance
CMEUX vs. VFORX - 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 Vanguard Target Retirement 2040 Fund (VFORX). 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. VFORX - Dividend Comparison
CMEUX's dividend yield for the trailing twelve months is around 0.92%, less than VFORX's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMEUX Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | 0.92% | 1.16% | 1.38% | 0.89% | 1.48% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFORX Vanguard Target Retirement 2040 Fund | 2.08% | 2.38% | 2.10% | 2.39% | 1.62% | 2.28% | 2.41% | 1.91% | 1.98% | 2.16% | 1.93% | 1.77% |
Drawdowns
CMEUX vs. VFORX - Drawdown Comparison
The maximum CMEUX drawdown since its inception was -28.39%, smaller than the maximum VFORX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for CMEUX and VFORX. For additional features, visit the drawdowns tool.
Volatility
CMEUX vs. VFORX - Volatility Comparison
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) has a higher volatility of 3.98% compared to Vanguard Target Retirement 2040 Fund (VFORX) at 2.44%. This indicates that CMEUX's price experiences larger fluctuations and is considered to be riskier than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.