CMIUX vs. VIIIX
Compare and contrast key facts about Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
CMIUX is managed by Six Circles. It was launched on Apr 9, 2019. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Performance
CMIUX vs. VIIIX - Performance Comparison
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CMIUX vs. VIIIX - 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% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | -4.34% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 12.70% |
Returns By Period
In the year-to-date period, CMIUX achieves a 0.72% return, which is significantly higher than VIIIX's -4.34% return.
CMIUX
- 1D
- 3.00%
- 1M
- -6.60%
- YTD
- 0.72%
- 6M
- 5.75%
- 1Y
- 23.93%
- 3Y*
- 14.06%
- 5Y*
- 10.07%
- 10Y*
- —
VIIIX
- 1D
- 2.92%
- 1M
- -5.03%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.34%
- 3Y*
- 18.70%
- 5Y*
- 11.92%
- 10Y*
- 14.15%
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CMIUX vs. VIIIX - Expense Ratio Comparison
CMIUX has a 0.13% expense ratio, which is higher than VIIIX's 0.02% 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
CMIUX vs. VIIIX — Risk / Return Rank
CMIUX
VIIIX
CMIUX vs. VIIIX - 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 Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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 | VIIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.98 | +0.46 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.49 | +0.51 |
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 | 7.31 | +0.11 |
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 | VIIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.98 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.71 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.47 | +0.06 |
Correlation
The correlation between CMIUX and VIIIX is 0.74, 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. VIIIX - Dividend Comparison
CMIUX's dividend yield for the trailing twelve months is around 2.60%, less than VIIIX's 2.81% 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% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.81% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
Drawdowns
CMIUX vs. VIIIX - Drawdown Comparison
The maximum CMIUX drawdown since its inception was -36.83%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for CMIUX and VIIIX.
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Drawdown Indicators
| CMIUX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -55.18% | +18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -12.12% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -24.50% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -8.67% | -6.24% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -10.07% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.52% | +0.50% |
Volatility
CMIUX vs. VIIIX - Volatility Comparison
Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) has a higher volatility of 7.86% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 5.34%. This indicates that CMIUX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMIUX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 5.34% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 9.53% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 18.32% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 16.90% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 18.04% | +1.70% |