CMEUX vs. VOO
Compare and contrast key facts about Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and Vanguard S&P 500 ETF (VOO).
CMEUX is managed by BlackRock. It was launched on Apr 10, 2019. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
CMEUX vs. VOO - Performance Comparison
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CMEUX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMEUX Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | -7.87% | 18.38% | 24.94% | 29.09% | -20.29% | 26.65% | 29.12% | 12.13% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 12.65% |
Returns By Period
In the year-to-date period, CMEUX achieves a -7.87% return, which is significantly lower than VOO's -4.42% return.
CMEUX
- 1D
- -0.45%
- 1M
- -7.26%
- YTD
- -7.87%
- 6M
- -4.82%
- 1Y
- 15.59%
- 3Y*
- 17.52%
- 5Y*
- 11.14%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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CMEUX vs. VOO - Expense Ratio Comparison
CMEUX has a 0.07% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
CMEUX vs. VOO — Risk / Return Rank
CMEUX
VOO
CMEUX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.
| CMEUX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.98 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.50 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.53 | -0.49 |
Martin ratioReturn relative to average drawdown | 4.77 | 7.29 | -2.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMEUX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.98 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.70 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.83 | -0.10 |
Correlation
The correlation between CMEUX and VOO is 0.96, 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.
Dividends
CMEUX vs. VOO - Dividend Comparison
CMEUX's dividend yield for the trailing twelve months is around 1.10%, less than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMEUX Six Circles Managed Equity Portfolio U.S. Unconstrained Fund | 1.10% | 1.01% | 1.02% | 1.16% | 1.52% | 4.12% | 3.33% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
CMEUX vs. VOO - Drawdown Comparison
The maximum CMEUX drawdown since its inception was -28.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CMEUX and VOO.
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Drawdown Indicators
| CMEUX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -33.99% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -11.98% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -24.52% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -9.51% | -6.29% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -3.72% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.52% | +0.23% |
Volatility
CMEUX vs. VOO - Volatility Comparison
The current volatility for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) is 4.27%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that CMEUX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMEUX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.29% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.44% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 18.10% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 16.82% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 17.99% | +2.11% |