- Issuer
- DWS
- Inception Date
- Mar 6, 1990
- Category
- Europe Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
CEE Performance Chart
The Central and Eastern Europe Fund (CEE) is up 15.9% since the beginning of the year. CEE is currently trading at $21 per share. Investors who bought $1,000 worth of CEE shares 5 years ago would now be looking at an investment worth $880.
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Compare this symbol against anything
Returns By Period
The Central and Eastern Europe Fund (CEE) has returned 15.88% so far this year and 37.67% over the past 12 months. Over the last ten years, CEE has returned 4.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
The Central and Eastern Europe Fund
- 1D
- -2.61%
- 1M
- -1.72%
- 6M
- 7.27%
- YTD
- 15.88%
- 1Y
- 37.67%
- 3Y*
- 33.70%
- 5Y*
- -2.52%
- 10Y*
- 4.59%
- ALL TIME*
- 3.08%
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%
CEE Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 1990, CEE's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 53% of months were positive and 47% were negative. The best month was Sep 2005 with a return of +33.5%, while the worst month was Oct 2008 at -38.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, CEE closed higher 48% of trading days. The best single day was Oct 28, 2008 with a return of +21.0%, while the worst single day was Nov 13, 1997 at -29.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.02% | 2.14% | -6.30% | 11.04% | 3.40% | -2.19% | -0.19% | 15.88% | |||||
| 2025 | 14.56% | 17.51% | -1.84% | 1.04% | 7.17% | -0.67% | -1.61% | 6.94% | -5.94% | 1.89% | 5.30% | 9.73% | 65.59% |
| 2024 | 0.10% | -0.10% | -2.36% | -0.63% | 11.49% | 1.07% | -0.00% | -1.03% | 1.61% | -0.47% | 11.34% | -5.19% | 15.52% |
| 2023 | 18.04% | -5.64% | -12.20% | 0.52% | 0.62% | 10.89% | 3.86% | -5.63% | -3.15% | -1.63% | 6.15% | 12.75% | 22.58% |
| 2022 | -9.61% | -37.34% | -10.42% | -14.79% | -6.49% | -6.65% | 0.40% | -16.60% | -20.74% | 6.66% | 9.65% | 9.99% | -67.78% |
| 2021 | -2.37% | 2.51% | -0.04% | 1.04% | 10.32% | 4.55% | -3.06% | 1.73% | 4.34% | 8.49% | -15.04% | 2.78% | 13.62% |
Benchmark Metrics
The Central and Eastern Europe Fund has an annualized alpha of -0.84%, beta of 0.89, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 28, 1990.
- This fund participated in 130.73% of S&P 500 Index downside but only 105.88% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.84%
- Beta
- 0.89
- R²
- 0.25
- Upside Capture
- 105.88%
- Downside Capture
- 130.73%
Expense Ratio
CEE has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CEE ranks 52 for risk / return — above 52% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for The Central and Eastern Europe Fund (CEE) 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.
| CEE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.00 | +0.57 |
| Martin ratioReturn relative to average drawdown | 5.63 | 8.49 | -2.86 |
Dividends
Dividend History
The Central and Eastern Europe Fund provided a 1.89% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.35 | $0.37 | $0.24 | $0.95 | $0.92 | $1.46 | $1.01 | $0.56 | $0.32 | $0.49 |
Dividend yield | 1.89% | 2.19% | 3.23% | 3.74% | 2.89% | 3.61% | 3.82% | 5.17% | 4.58% | 2.30% | 1.56% | 2.92% |
Monthly Dividends
The table displays the monthly dividend distributions for The Central and Eastern Europe 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 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
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 The Central and Eastern Europe 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 The Central and Eastern Europe Fund was 82.98%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current The Central and Eastern Europe Fund drawdown is 35.53%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-82.98%Oct 2022 | 14y 5mo | — | 18y 2moMay 2008 - now | Bear market2022 |
-66.19%Sep 2001 | 3y 11mo | 2y 3mo | 6y 3moOct 1997 - Jan 2004 | Dot-com crash2000–2002 |
-45.45%Sep 1990 | 7mo 1d | 5y 11mo | 6y 6moMar 1990 - Aug 1996 | — |
-40.20%Jun 2006 | 1mo 4d | 10mo 7d | 11mo 11dMay 2006 - Apr 2007 | — |
-26.80%May 2004 | 4mo 9d | 5mo 21d | 10moJan 2004 - Nov 2004 | — |
Drawdown Indicators
| CEE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.98% | -56.78% | -26.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -9.10% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -22.22% | -18.90% | -3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -79.89% | -25.43% | -54.46% |
Max Drawdown (10Y)Largest decline over 10 years | -79.89% | -33.92% | -45.97% |
Current DrawdownCurrent decline from peak | -35.53% | -1.58% | -33.95% |
Average DrawdownAverage peak-to-trough decline | -37.34% | -10.70% | -26.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 2.14% | +4.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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