CUTAX vs. CIUEX
Compare and contrast key facts about Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) and Six Circles International Unconstrained Equity Fund (CIUEX).
CUTAX is managed by Six Circles. It was launched on Jul 8, 2018. CIUEX is managed by Six Circles. It was launched on Jul 9, 2018.
Performance
CUTAX vs. CIUEX - Performance Comparison
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CUTAX vs. CIUEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 0.18% | 3.69% | 3.74% | 3.86% | -0.79% | 0.02% | 1.79% | 0.49% | -0.30% |
CIUEX Six Circles International Unconstrained Equity Fund | -2.74% | 34.22% | 2.29% | 18.98% | -13.67% | 14.00% | 5.75% | 18.91% | -17.00% |
Returns By Period
In the year-to-date period, CUTAX achieves a 0.18% return, which is significantly higher than CIUEX's -2.74% return.
CUTAX
- 1D
- -0.20%
- 1M
- -0.40%
- YTD
- 0.18%
- 6M
- 0.93%
- 1Y
- 2.94%
- 3Y*
- 3.50%
- 5Y*
- 2.10%
- 10Y*
- —
CIUEX
- 1D
- 0.52%
- 1M
- -11.26%
- YTD
- -2.74%
- 6M
- 3.00%
- 1Y
- 18.93%
- 3Y*
- 13.07%
- 5Y*
- 8.52%
- 10Y*
- —
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CUTAX vs. CIUEX - Expense Ratio Comparison
CUTAX has a 0.15% expense ratio, which is higher than CIUEX's 0.10% 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
CUTAX vs. CIUEX — Risk / Return Rank
CUTAX
CIUEX
CUTAX vs. CIUEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) and Six Circles International Unconstrained Equity Fund (CIUEX). 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.
| CUTAX | CIUEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.33 | 1.03 | +2.30 |
Sortino ratioReturn per unit of downside risk | 5.65 | 1.47 | +4.18 |
Omega ratioGain probability vs. loss probability | 2.40 | 1.21 | +1.19 |
Calmar ratioReturn relative to maximum drawdown | 7.51 | 1.44 | +6.07 |
Martin ratioReturn relative to average drawdown | 39.18 | 5.53 | +33.64 |
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
| CUTAX | CIUEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 1.03 | +2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.06 | 0.49 | +1.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.35 | +1.42 |
Correlation
The correlation between CUTAX and CIUEX is 0.07, 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.
Dividends
CUTAX vs. CIUEX - Dividend Comparison
CUTAX's dividend yield for the trailing twelve months is around 2.91%, less than CIUEX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 2.91% | 3.22% | 3.47% | 2.86% | 1.14% | 0.52% | 1.38% | 0.48% |
CIUEX Six Circles International Unconstrained Equity Fund | 3.25% | 3.16% | 3.25% | 2.87% | 3.14% | 2.44% | 1.59% | 2.87% |
Drawdowns
CUTAX vs. CIUEX - Drawdown Comparison
The maximum CUTAX drawdown since its inception was -1.79%, smaller than the maximum CIUEX drawdown of -37.39%. Use the drawdown chart below to compare losses from any high point for CUTAX and CIUEX.
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Drawdown Indicators
| CUTAX | CIUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.79% | -37.39% | +35.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -11.89% | +11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -1.79% | -30.15% | +28.36% |
Current DrawdownCurrent decline from peak | -0.40% | -11.43% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -6.79% | +6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 3.10% | -3.02% |
Volatility
CUTAX vs. CIUEX - Volatility Comparison
The current volatility for Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) is 0.38%, while Six Circles International Unconstrained Equity Fund (CIUEX) has a volatility of 7.41%. This indicates that CUTAX experiences smaller price fluctuations and is considered to be less risky than CIUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUTAX | CIUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 7.41% | -7.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 11.29% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.89% | 17.29% | -16.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.03% | 17.35% | -16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 18.97% | -18.04% |