DWS Global Macro Fund (MGINX)

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The chart shows the growth of an initial investment of $10,000 in DWS Global Macro Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

DWS Global Macro Fund (MGINX) has returned -1.25% so far this year and 10.33% over the past 12 months. Over the last ten years, MGINX has returned 5.73% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since May 15, 1995, MGINX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Feb 2000 with a return of +16.3%, while the worst month was Oct 2008 at -23.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MGINX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +14.7%, while the worst single day was Oct 15, 2008 at -10.8%.

DWS Global Macro Fund has an annualized alpha of 3.22%, beta of 0.60, and R² of 0.44 versus S&P 500 Index. Calculated based on daily prices since May 16, 1995.

• This fund participated in 79.67% of S&P 500 Index downside but only 78.72% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.60 may look defensive, but with R² of 0.44 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 0.44 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

MGINX has an expense ratio of 0.79%, placing it in the medium range.

MGINX ranks 71 for risk / return — better than 71% 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.

The table below present risk-adjusted performance metrics for DWS Global Macro Fund (MGINX) and compare them to a chosen benchmark (S&P 500 Index).

DWS Global Macro Fund provided a 2.29% dividend yield over the last twelve months, with an annual payout of $0.26 per share.

The table displays the monthly dividend distributions for DWS Global Macro 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 Global Macro 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 Global Macro Fund was 63.39%, occurring on Mar 9, 2009. Recovery took 2050 trading sessions.

The current DWS Global Macro Fund drawdown is 6.76%.

The chart below shows the rolling one-month volatility.