DWS High Income Fund (KHYAX)

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DWS High Income Fund (KHYAX) is up 1.7% since the beginning of the year. KHYAX is currently trading at $4 per share. Investors who bought $1,000 worth of KHYAX shares 5 years ago would now be looking at an investment worth $1,206.

DWS High Income Fund (KHYAX) has returned 1.67% so far this year and 6.87% over the past 12 months. Over the last ten years, KHYAX has returned 5.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, KHYAX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 66% of months were positive and 34% were negative. The best month was Feb 1991 with a return of +11.7%, while the worst month was Oct 2008 at -14.1%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 8 months.

On a daily basis, KHYAX closed higher 35% of trading days. The best single day was Nov 12, 1981 with a return of +4.6%, while the worst single day was Mar 16, 2020 at -4.4%.

DWS High Income Fund has an annualized alpha of 4.69%, beta of 0.08, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since January 02, 1980.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (34.32%) than losses (32.32%) - typical of diversified or defensive assets.
• Beta of 0.08 may look defensive, but with R2 of 0.08 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.08 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.

KHYAX has a high expense ratio of 0.94%, indicating above-average management fees.

KHYAX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

DWS High Income Fund provided a 5.97% dividend yield over the last twelve months, with an annual payout of $0.27 per share.

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

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.

The table below displays the maximum drawdowns of the DWS High Income 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 High Income Fund was 31.54%, occurring on Dec 12, 2008. Recovery took 217 trading sessions.

The chart below shows the rolling one-month volatility.