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DWS California Tax (KCTAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US25158X1046

CUSIP

25158X104

Issuer

DWS

Inception Date

Feb 16, 1983

Min. Investment

$1,000

Asset Class

Bond

Expense Ratio

KCTAX has an expense ratio of 0.76%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

DWS California Tax (KCTAX) returned -1.81% year-to-date (YTD) and 1.62% over the past 12 months. Over the past 10 years, KCTAX returned 1.64% annually, underperforming the S&P 500 benchmark at 10.46%.


KCTAX

YTD

-1.81%

1M

0.47%

6M

-1.42%

1Y

1.62%

5Y*

0.94%

10Y*

1.64%

^GSPC (Benchmark)

YTD

-3.77%

1M

7.44%

6M

-5.60%

1Y

8.37%

5Y*

14.12%

10Y*

10.46%

*Annualized

Monthly Returns

The table below presents the monthly returns of KCTAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.11%1.16%-1.54%-1.37%-0.15%-1.81%
2024-0.19%0.53%0.48%-1.40%0.54%2.03%0.86%0.70%1.39%-1.52%1.85%-1.28%3.98%
20233.18%-2.44%1.48%0.24%-0.42%0.88%0.40%-1.43%-3.15%-1.81%6.84%3.29%6.82%
2022-3.13%-0.61%-3.40%-3.67%1.36%-2.29%3.13%-2.30%-4.47%-1.34%5.72%0.34%-10.61%
20210.86%-1.62%0.60%0.99%0.59%0.46%0.85%-0.45%-0.98%-0.07%0.99%-0.98%1.20%
20202.04%1.52%-5.40%-1.80%3.23%1.03%1.69%-0.58%-0.05%-0.06%1.88%0.02%3.30%
20190.68%0.53%1.46%0.39%1.57%0.37%0.78%1.68%-0.80%0.11%0.20%-0.53%6.59%
2018-1.22%-0.43%0.23%-0.30%1.18%0.12%0.11%0.12%-0.72%-0.83%0.83%1.14%0.22%
20170.53%0.54%0.16%0.66%1.59%-0.24%0.77%0.78%-0.55%0.24%-0.42%1.05%5.20%
20160.93%0.17%0.41%0.80%0.27%1.58%-0.24%0.28%-0.60%-1.17%-4.18%1.24%-0.62%
20151.85%-1.22%0.17%-0.71%-0.39%-0.35%0.85%0.29%0.56%0.32%0.55%0.69%2.60%
20142.42%1.55%0.20%1.52%1.77%0.05%0.18%1.49%0.44%0.84%0.03%0.57%11.61%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of KCTAX is 41, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of KCTAX is 4141
Overall Rank
The Sharpe Ratio Rank of KCTAX is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of KCTAX is 3636
Sortino Ratio Rank
The Omega Ratio Rank of KCTAX is 4040
Omega Ratio Rank
The Calmar Ratio Rank of KCTAX is 4444
Calmar Ratio Rank
The Martin Ratio Rank of KCTAX is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for DWS California Tax (KCTAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

DWS California Tax Sharpe ratios as of May 11, 2025 (values are recalculated daily):

  • 1-Year: 0.27
  • 5-Year: 0.22
  • 10-Year: 0.39
  • All Time: 0.11

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of DWS California Tax compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

DWS California Tax provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.27 per share.


3.00%3.50%4.00%4.50%5.00%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.27$0.32$0.23$0.23$0.26$0.33$0.28$0.22$0.23$0.26$0.28$0.29

Dividend yield

4.16%4.82%3.45%3.61%3.51%4.35%3.67%3.04%3.04%3.48%3.63%3.73%

Monthly Dividends

The table displays the monthly dividend distributions for DWS California Tax. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.02$0.02$0.00$0.00$0.05
2024$0.02$0.04$0.03$0.02$0.04$0.03$0.02$0.02$0.03$0.02$0.03$0.03$0.32
2023$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.23
2022$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.23
2021$0.02$0.02$0.01$0.02$0.01$0.02$0.02$0.01$0.01$0.01$0.01$0.10$0.26
2020$0.04$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.03$0.10$0.33
2019$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.08$0.28
2018$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.22
2017$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.23
2016$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2015$0.02$0.02$0.02$0.03$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.03$0.28
2014$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.29

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 California Tax. 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 California Tax was 53.08%, occurring on Oct 21, 1987. Recovery took 2669 trading sessions.

The current DWS California Tax drawdown is 4.02%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-53.08%Jan 2, 1987209Oct 21, 19872669Jan 13, 19982878
-50.44%Sep 2, 198611Sep 16, 198652Nov 27, 198663
-50.35%Jul 7, 198616Jul 28, 198625Sep 1, 198641
-50.22%Nov 28, 198612Dec 15, 19868Dec 25, 198620
-50.15%May 27, 198613Jun 12, 198616Jul 4, 198629

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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