CMEUX vs. ^GSPC
Compare and contrast key facts about Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and S&P 500 (^GSPC).
CMEUX is managed by Blackrock. It was launched on Apr 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMEUX or ^GSPC.
Correlation
The correlation between CMEUX and ^GSPC is 0.97, 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. ^GSPC - Performance Comparison
Key characteristics
CMEUX:
2.08
^GSPC:
2.16
CMEUX:
2.77
^GSPC:
2.87
CMEUX:
1.38
^GSPC:
1.40
CMEUX:
3.03
^GSPC:
3.19
CMEUX:
13.04
^GSPC:
13.87
CMEUX:
2.11%
^GSPC:
1.95%
CMEUX:
13.23%
^GSPC:
12.54%
CMEUX:
-28.39%
^GSPC:
-56.78%
CMEUX:
-1.98%
^GSPC:
-0.82%
Returns By Period
The year-to-date returns for both stocks are quite close, with CMEUX having a 27.18% return and ^GSPC slightly lower at 26.63%.
CMEUX
27.18%
0.52%
9.52%
27.49%
16.33%
N/A
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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Risk-Adjusted Performance
CMEUX vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
CMEUX vs. ^GSPC - Drawdown Comparison
The maximum CMEUX drawdown since its inception was -28.39%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CMEUX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
CMEUX vs. ^GSPC - Volatility Comparison
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) has a higher volatility of 4.32% compared to S&P 500 (^GSPC) at 3.96%. This indicates that CMEUX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.