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CMIUX vs. HFEAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

CMIUX vs. HFEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) and Janus Henderson European Focus Fund (HFEAX). The values are adjusted to include any dividend payments, if applicable.

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CMIUX vs. HFEAX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
CMIUX
Six Circles Managed Equity Portfolio International Unconstrained Fund
-2.21%33.36%2.63%20.07%-12.61%19.72%9.26%4.62%
HFEAX
Janus Henderson European Focus Fund
-9.25%39.88%2.11%18.26%-16.11%18.83%26.49%9.95%

Returns By Period

In the year-to-date period, CMIUX achieves a -2.21% return, which is significantly higher than HFEAX's -9.25% return.


CMIUX

1D
0.49%
1M
-11.09%
YTD
-2.21%
6M
3.37%
1Y
20.93%
3Y*
12.94%
5Y*
9.71%
10Y*

HFEAX

1D
-0.16%
1M
-12.20%
YTD
-9.25%
6M
-4.33%
1Y
14.98%
3Y*
12.04%
5Y*
7.97%
10Y*
7.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CMIUX vs. HFEAX - Expense Ratio Comparison

CMIUX has a 0.13% expense ratio, which is lower than HFEAX's 1.30% expense ratio.


Return for Risk

CMIUX vs. HFEAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMIUX
CMIUX Risk / Return Rank: 6666
Overall Rank
CMIUX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CMIUX Sortino Ratio Rank: 6666
Sortino Ratio Rank
CMIUX Omega Ratio Rank: 6262
Omega Ratio Rank
CMIUX Calmar Ratio Rank: 7070
Calmar Ratio Rank
CMIUX Martin Ratio Rank: 6666
Martin Ratio Rank

HFEAX
HFEAX Risk / Return Rank: 3232
Overall Rank
HFEAX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
HFEAX Sortino Ratio Rank: 3232
Sortino Ratio Rank
HFEAX Omega Ratio Rank: 3030
Omega Ratio Rank
HFEAX Calmar Ratio Rank: 3131
Calmar Ratio Rank
HFEAX Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMIUX vs. HFEAX - 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 Janus Henderson European Focus Fund (HFEAX). 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.


CMIUXHFEAXDifference

Sharpe ratio

Return per unit of total volatility

1.16

0.80

+0.36

Sortino ratio

Return per unit of downside risk

1.65

1.12

+0.53

Omega ratio

Gain probability vs. loss probability

1.23

1.15

+0.08

Calmar ratio

Return relative to maximum drawdown

1.60

0.87

+0.73

Martin ratio

Return relative to average drawdown

6.25

3.47

+2.78

CMIUX vs. HFEAX - Sharpe Ratio Comparison

The current CMIUX Sharpe Ratio is 1.16, which is higher than the HFEAX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of CMIUX and HFEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


CMIUXHFEAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

0.80

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.45

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.55

-0.05

Correlation

The correlation between CMIUX and HFEAX is 0.90, 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. HFEAX - Dividend Comparison

CMIUX's dividend yield for the trailing twelve months is around 2.68%, more than HFEAX's 1.24% yield.


TTM20252024202320222021202020192018201720162015
CMIUX
Six Circles Managed Equity Portfolio International Unconstrained Fund
2.68%2.62%2.96%2.25%2.98%1.93%1.81%1.55%0.00%0.00%0.00%0.00%
HFEAX
Janus Henderson European Focus Fund
1.24%1.12%1.45%2.18%2.40%0.13%0.28%0.98%4.26%1.70%2.59%0.72%

Drawdowns

CMIUX vs. HFEAX - Drawdown Comparison

The maximum CMIUX drawdown since its inception was -36.83%, smaller than the maximum HFEAX drawdown of -66.73%. Use the drawdown chart below to compare losses from any high point for CMIUX and HFEAX.


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Drawdown Indicators


CMIUXHFEAXDifference

Max Drawdown

Largest peak-to-trough decline

-36.83%

-66.73%

+29.90%

Max Drawdown (1Y)

Largest decline over 1 year

-11.76%

-14.43%

+2.67%

Max Drawdown (5Y)

Largest decline over 5 years

-29.49%

-33.16%

+3.67%

Max Drawdown (10Y)

Largest decline over 10 years

-36.73%

Current Drawdown

Current decline from peak

-11.33%

-14.20%

+2.87%

Average Drawdown

Average peak-to-trough decline

-5.79%

-10.92%

+5.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

3.63%

-0.61%

Volatility

CMIUX vs. HFEAX - Volatility Comparison

Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) and Janus Henderson European Focus Fund (HFEAX) have volatilities of 7.22% and 7.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CMIUXHFEAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.22%

7.60%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

11.66%

-0.71%

Volatility (1Y)

Calculated over the trailing 1-year period

17.11%

16.95%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.61%

17.80%

-0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.72%

18.74%

+0.98%