- ISIN
- US25159K7054
- CUSIP
- 25159K705
- Issuer
- DWS
- Inception Date
- Jul 29, 2007
- Category
- Global Allocation
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
AAAZX Performance Chart
DWS RREEF Real Assets Fund (AAAZX) is up 11.2% since the beginning of the year. AAAZX is currently trading at $13 per share. Investors who bought $1,000 worth of AAAZX shares 5 years ago would now be looking at an investment worth $1,303.
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Returns By Period
DWS RREEF Real Assets Fund (AAAZX) has returned 11.24% so far this year and 18.05% over the past 12 months. Over the last ten years, AAAZX has returned 7.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
DWS RREEF Real Assets Fund
- 1D
- 0.38%
- 1M
- 2.63%
- 6M
- 3.32%
- YTD
- 11.24%
- 1Y
- 18.05%
- 3Y*
- 10.37%
- 5Y*
- 5.43%
- 10Y*
- 7.15%
- ALL TIME*
- 4.69%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
AAAZX Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 2007, AAAZX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was May 2009 with a return of +9.7%, while the worst month was Oct 2008 at -18.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, AAAZX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +6.6%, while the worst single day was Mar 16, 2020 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.66% | 5.56% | -3.37% | 3.71% | -2.73% | -2.68% | 3.18% | 11.24% | |||||
| 2025 | 1.39% | 2.22% | 1.34% | 0.41% | 0.99% | 1.44% | -1.56% | 2.66% | 1.54% | -0.80% | 2.90% | -0.02% | 13.14% |
| 2024 | -2.66% | 0.91% | 3.98% | -3.13% | 3.59% | -1.11% | 3.96% | 3.64% | 2.53% | -2.15% | 2.44% | -6.01% | 5.49% |
| 2023 | 4.80% | -5.01% | 0.18% | 1.52% | -5.71% | 3.07% | 3.00% | -3.18% | -3.46% | -1.89% | 6.45% | 3.74% | 2.64% |
| 2022 | -2.70% | 1.19% | 5.95% | -2.95% | 0.38% | -8.52% | 5.71% | -3.39% | -10.77% | 2.81% | 6.92% | -2.89% | -9.57% |
| 2021 | -1.49% | 4.62% | 2.88% | 4.99% | 3.92% | -0.45% | 1.71% | 0.56% | -2.08% | 4.81% | -3.65% | 6.31% | 23.83% |
Benchmark Metrics
DWS RREEF Real Assets Fund has an annualized alpha of 0.29%, beta of 0.47, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since July 31, 2007.
- This fund participated in 63.71% of S&P 500 Index downside but only 51.66% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.47 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.29%
- Beta
- 0.47
- R²
- 0.64
- Upside Capture
- 51.66%
- Downside Capture
- 63.71%
Expense Ratio
AAAZX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AAAZX ranks 74 for risk / return — above 74% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for DWS RREEF Real Assets Fund (AAAZX) and compare them to S&P 500 Index.
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.
| AAAZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.00 | +1.01 |
| Martin ratioReturn relative to average drawdown | 8.25 | 8.49 | -0.24 |
Dividends
Dividend History
DWS RREEF Real Assets Fund provided a 6.60% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.52 | $0.33 | $0.27 | $0.51 | $0.34 | $0.17 | $0.22 | $0.17 | $0.17 | $0.15 | $0.21 |
Dividend yield | 6.60% | 4.15% | 2.85% | 2.40% | 4.50% | 2.62% | 1.60% | 2.07% | 1.89% | 1.79% | 1.82% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS RREEF Real Assets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.63 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DWS RREEF Real Assets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DWS RREEF Real Assets Fund was 40.45%, occurring on Nov 20, 2008. Recovery took 574 trading sessions.
The current DWS RREEF Real Assets Fund drawdown is 2.32%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.45%Nov 2008 | 6mo 5d | 2y 3mo | 2y 9moMay 2008 - Mar 2011 | Financial crisis2007–2009 |
-29.44%Mar 2020 | 1mo 1d | 8mo 16d | 9mo 17dFeb 2020 - Dec 2020 | COVID crash2020 |
-22.52%Oct 2022 | 5mo 26d | 2y 10mo | 3y 4moApr 2022 - Aug 2025 | Bear market2022 |
-15.54%Jan 2016 | 1y 4mo | 1y 6mo | 2y 10moSep 2014 - Jul 2017 | — |
-11.97%Oct 2011 | 5mo 4d | 11mo 17d | 1y 4moMay 2011 - Sep 2012 | — |
Drawdown Indicators
| AAAZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.45% | -56.78% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -9.10% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.06% | -18.90% | +8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | -25.43% | +2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | -33.92% | +4.48% |
Current DrawdownCurrent decline from peak | -2.32% | -1.58% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -10.70% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.14% | -0.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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