UEPIX vs. CMIUX

Last updated Jun 24, 2026

UEPIX (ProFunds Europe 30 Fund) and CMIUX (Six Circles Managed Equity Portfolio International Unconstrained Fund) are both Europe Equities funds. Over the past 5 years, UEPIX returned 12.72%/yr vs 10.61%/yr for CMIUX. Their correlation of 0.88 suggests significant overlap in exposure. UEPIX charges 1.78%/yr vs 0.13%/yr for CMIUX.

Performance

UEPIX vs. CMIUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Europe 30 Fund (UEPIX) and Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEPIX achieves a 22.16% return, which is significantly higher than CMIUX's 9.32% return.

UEPIX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 22.16%
• 6M: 21.73%
• 1Y: 40.41%
• 3Y*: 21.93%
• 5Y*: 12.72%
• 10Y*: 10.53%

CMIUX

• 1D: 0.00%
• 1M: 1.22%
• YTD: 9.32%
• 6M: 9.19%
• 1Y: 23.70%
• 3Y*: 16.87%
• 5Y*: 10.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UEPIX vs. CMIUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UEPIX ProFunds Europe 30 Fund	22.16%	28.46%	2.60%	18.54%	-7.83%	24.46%	-9.97%	2.46%
CMIUX Six Circles Managed Equity Portfolio International Unconstrained Fund	9.32%	33.36%	2.63%	20.07%	-12.61%	19.72%	9.26%	4.62%

Correlation

The correlation between UEPIX and CMIUX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019	0.88

The correlation between UEPIX and CMIUX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Return for Risk

UEPIX vs. CMIUX — Risk / Return Rank

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

UEPIX

UEPIX Risk / Return Rank: 89
UEPIX Sharpe Ratio Rank: 89
UEPIX Sortino Ratio Rank: 83
UEPIX Omega Ratio Rank: 80
UEPIX Calmar Ratio Rank: 96
UEPIX Martin Ratio Rank: 95

CMIUX

CMIUX Risk / Return Rank: 35
CMIUX Sharpe Ratio Rank: 34
CMIUX Sortino Ratio Rank: 34
CMIUX Omega Ratio Rank: 33
CMIUX Calmar Ratio Rank: 35
CMIUX Martin Ratio Rank: 37

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.

UEPIX vs. CMIUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Europe 30 Fund (UEPIX) and Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UEPIX	CMIUX	Difference
Sharpe ratio: Return per unit of total volatility	2.71	1.58	+1.13
Sortino ratio: Return per unit of downside risk	3.61	2.26	+1.35
Omega ratio: Gain probability vs. loss probability	1.48	1.29	+0.19
Calmar ratio: Return relative to maximum drawdown	6.04	2.10	+3.93
Martin ratio: Return relative to average drawdown	20.18	7.70	+12.48

UEPIX vs. CMIUX - Sharpe Ratio Comparison

The current UEPIX Sharpe Ratio is 2.71, which is higher than the CMIUX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of UEPIX and CMIUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UEPIX vs. CMIUX - Drawdown Comparison

The maximum UEPIX drawdown since its inception was -76.06%, which is greater than CMIUX's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for UEPIX and CMIUX.

Drawdown Indicators

	UEPIX	CMIUX	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-36.83%	-39.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	-11.76%	+5.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.84%	-14.30%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-26.62%	-29.49%	+2.87%
Max Drawdown (10Y) Largest decline over 10 years	-40.51%	—	—
Current Drawdown Current decline from peak	-2.67%	-0.87%	-1.80%
Average Drawdown Average peak-to-trough decline	-43.11%	-5.70%	-37.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	3.20%	-1.19%

Volatility

UEPIX vs. CMIUX - Volatility Comparison

ProFunds Europe 30 Fund (UEPIX) has a higher volatility of 6.36% compared to Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) at 4.78%. This indicates that UEPIX's price experiences larger fluctuations and is considered to be riskier than CMIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEPIX	CMIUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	4.78%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	13.39%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	15.69%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	17.90%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	19.73%	-0.99%

UEPIX vs. CMIUX - Expense Ratio Comparison

UEPIX has a 1.78% expense ratio, which is higher than CMIUX's 0.13% expense ratio.

Dividends

UEPIX vs. CMIUX - Dividend Comparison

UEPIX's dividend yield for the trailing twelve months is around 1.36%, less than CMIUX's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMIUX Six Circles Managed Equity Portfolio International Unconstrained Fund	2.39%	2.62%	2.96%	2.25%	2.98%	1.93%	1.81%	1.55%	0.00%	0.00%	0.00%	0.00%
UEPIX ProFunds Europe 30 Fund	1.36%	1.66%	0.00%	1.43%	1.98%	0.87%	2.64%	0.82%	12.56%	0.96%	3.21%	11.73%

Frequently Asked Questions

Can I hold both UEPIX and CMIUX in my portfolio?

UEPIX and CMIUX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UEPIX or CMIUX?

UEPIX has higher volatility (6.36%) compared to CMIUX (4.78%). In terms of maximum drawdown, UEPIX dropped -76.06% vs CMIUX's -36.83%.

Which has better risk-adjusted returns?

UEPIX currently has the higher Sharpe Ratio (2.71 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.