CMIUX vs. FIEUX
Compare and contrast key facts about Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) and Fidelity Europe Fund (FIEUX).
CMIUX is managed by Six Circles. It was launched on Apr 9, 2019. FIEUX is managed by Fidelity. It was launched on Oct 1, 1986.
Performance
CMIUX vs. FIEUX - Performance Comparison
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CMIUX vs. FIEUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMIUX Six Circles Managed Equity Portfolio International Unconstrained Fund | 0.72% | 33.36% | 2.63% | 20.07% | -12.61% | 19.72% | 9.26% | 4.62% |
FIEUX Fidelity Europe Fund | -2.92% | 37.53% | 4.21% | 13.68% | -20.62% | 6.63% | 18.29% | 7.05% |
Returns By Period
In the year-to-date period, CMIUX achieves a 0.72% return, which is significantly higher than FIEUX's -2.92% return.
CMIUX
- 1D
- 3.00%
- 1M
- -6.60%
- YTD
- 0.72%
- 6M
- 5.75%
- 1Y
- 23.93%
- 3Y*
- 14.06%
- 5Y*
- 10.07%
- 10Y*
- —
FIEUX
- 1D
- 3.40%
- 1M
- -5.78%
- YTD
- -2.92%
- 6M
- -0.68%
- 1Y
- 19.31%
- 3Y*
- 13.46%
- 5Y*
- 4.96%
- 10Y*
- 7.38%
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CMIUX vs. FIEUX - Expense Ratio Comparison
CMIUX has a 0.13% expense ratio, which is lower than FIEUX's 1.06% expense ratio.
Return for Risk
CMIUX vs. FIEUX — Risk / Return Rank
CMIUX
FIEUX
CMIUX vs. FIEUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) and Fidelity Europe Fund (FIEUX). 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.
| CMIUX | FIEUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.14 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.62 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.52 | +0.39 |
Martin ratioReturn relative to average drawdown | 7.42 | 5.76 | +1.66 |
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
| CMIUX | FIEUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.14 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.29 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.43 | +0.09 |
Correlation
The correlation between CMIUX and FIEUX 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.
Dividends
CMIUX vs. FIEUX - Dividend Comparison
CMIUX's dividend yield for the trailing twelve months is around 2.60%, more than FIEUX's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMIUX Six Circles Managed Equity Portfolio International Unconstrained Fund | 2.60% | 2.62% | 2.96% | 2.25% | 2.98% | 1.93% | 1.81% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
FIEUX Fidelity Europe Fund | 2.30% | 2.23% | 3.28% | 1.62% | 0.00% | 16.10% | 1.15% | 7.42% | 11.93% | 2.52% | 1.51% | 0.43% |
Drawdowns
CMIUX vs. FIEUX - Drawdown Comparison
The maximum CMIUX drawdown since its inception was -36.83%, smaller than the maximum FIEUX drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for CMIUX and FIEUX.
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Drawdown Indicators
| CMIUX | FIEUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -59.96% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -12.38% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -38.04% | +8.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.04% | — |
Current DrawdownCurrent decline from peak | -8.67% | -8.88% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -14.09% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.27% | -0.25% |
Volatility
CMIUX vs. FIEUX - Volatility Comparison
The current volatility for Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) is 7.86%, while Fidelity Europe Fund (FIEUX) has a volatility of 8.35%. This indicates that CMIUX experiences smaller price fluctuations and is considered to be less risky than FIEUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMIUX | FIEUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 8.35% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 12.10% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 17.80% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 17.02% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 17.79% | +1.95% |