CUTAX vs. CGJIX
Compare and contrast key facts about Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) and Calvert US Large-Cap Growth Responsible Index Fund (CGJIX).
CUTAX is managed by Six Circles. It was launched on Jul 8, 2018. CGJIX is managed by Calvert Research and Management. It was launched on Jun 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CUTAX or CGJIX.
Key characteristics
| CUTAX | CGJIX | |
|---|---|---|
| YTD Return | 3.22% | 28.89% |
| 1Y Return | 4.31% | 42.74% |
| 3Y Return (Ann) | 2.19% | 8.62% |
| 5Y Return (Ann) | 1.73% | 18.22% |
| Sharpe Ratio | 6.35 | 2.77 |
| Sortino Ratio | 18.45 | 3.62 |
| Omega Ratio | 8.54 | 1.51 |
| Calmar Ratio | 41.76 | 3.66 |
| Martin Ratio | 167.71 | 16.87 |
| Ulcer Index | 0.03% | 2.46% |
| Daily Std Dev | 0.68% | 14.93% |
| Max Drawdown | -1.51% | -31.73% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CUTAX and CGJIX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CUTAX vs. CGJIX - Performance Comparison
In the year-to-date period, CUTAX achieves a 3.22% return, which is significantly lower than CGJIX's 28.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CUTAX vs. CGJIX - Expense Ratio Comparison
CUTAX has a 0.15% expense ratio, which is lower than CGJIX's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CUTAX vs. CGJIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) and Calvert US Large-Cap Growth Responsible Index Fund (CGJIX). 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.
Dividends
CUTAX vs. CGJIX - Dividend Comparison
CUTAX's dividend yield for the trailing twelve months is around 3.40%, more than CGJIX's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 3.40% | 2.86% | 1.48% | 0.53% | 1.38% | 1.94% | 0.61% | 0.00% | 0.00% | 0.00% |
CGJIX Calvert US Large-Cap Growth Responsible Index Fund | 0.41% | 0.53% | 0.51% | 0.39% | 0.51% | 0.74% | 1.02% | 0.87% | 1.14% | 0.29% |
Drawdowns
CUTAX vs. CGJIX - Drawdown Comparison
The maximum CUTAX drawdown since its inception was -1.51%, smaller than the maximum CGJIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for CUTAX and CGJIX. For additional features, visit the drawdowns tool.
Volatility
CUTAX vs. CGJIX - Volatility Comparison
The current volatility for Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) is 0.18%, while Calvert US Large-Cap Growth Responsible Index Fund (CGJIX) has a volatility of 4.43%. This indicates that CUTAX experiences smaller price fluctuations and is considered to be less risky than CGJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.