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DWS Strategic High Yield Tax (SHYTX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

DWS Strategic High Yield Tax (SHYTX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks to provide a high level of income exempt from regular federal income tax. Under normal circumstances, the fund invests at least 80% of net assets in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax. It may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT). The fund normally invests at least 50% of total assets in municipal securities rated in the four highest credit rating categories. It may invest up to 50% of total assets in high yield debt securities.

Fund Info

ISIN

US25158T4004

Issuer

DWS

Inception Date

Jan 21, 1987

Category

High Yield Muni

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

SHYTX has an expense ratio of 0.59%, 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.

DWS Strategic High Yield Tax

Popular comparisons:
SHYTX vs. BIAEX SHYTX vs. DHMBX SHYTX vs. FKINX SHYTX vs. AMHIX SHYTX vs. SCMBX
Popular comparisons:
SHYTX vs. BIAEX SHYTX vs. DHMBX SHYTX vs. FKINX SHYTX vs. AMHIX SHYTX vs. SCMBX

Performance

Performance Chart

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S&P 500

Returns By Period

DWS Strategic High Yield Tax (SHYTX) returned -1.78% year-to-date (YTD) and 5.24% over the past 12 months. Over the past 10 years, SHYTX returned 2.84% annually, underperforming the S&P 500 benchmark at 10.84%.

SHYTX

YTD

-1.78%

1M

0.09%

6M

-2.61%

1Y

5.24%

3Y*

3.63%

5Y*

3.07%

10Y*

2.84%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.29%1.51%-1.46%-1.33%-0.77%-1.78%
20240.56%0.46%1.07%-1.35%0.77%2.81%1.30%0.93%1.57%-1.26%2.48%-1.38%8.14%
20234.09%-2.60%1.72%0.15%-0.03%1.62%0.65%-1.18%-3.25%-2.15%7.25%3.49%9.66%
2022-2.84%-0.96%-4.28%-4.56%1.50%-4.12%4.12%-2.69%-6.35%-1.76%6.33%-0.05%-15.26%
20211.77%-1.54%0.79%1.52%1.42%0.95%1.00%-0.36%-1.00%-0.44%1.42%0.43%6.08%
20201.99%1.93%-9.01%-3.24%3.59%3.41%2.28%0.13%-0.10%-0.02%2.63%2.33%5.31%
20190.62%0.62%1.78%0.35%1.78%0.49%0.66%1.79%-0.49%0.02%0.29%0.73%8.96%
2018-1.06%-0.50%0.39%-0.17%1.15%0.17%0.14%0.09%-0.91%-1.27%0.45%0.79%-0.76%
20170.48%0.74%0.27%0.64%1.56%-0.04%0.55%0.88%-0.27%0.23%-0.02%1.22%6.42%
20160.86%0.15%1.03%0.84%0.59%1.89%0.02%0.35%-0.35%-1.03%-3.84%0.92%1.31%
20151.91%-0.82%0.21%-0.46%-0.13%-0.48%0.60%0.29%0.64%0.50%0.54%0.78%3.58%
20142.49%1.62%0.60%1.41%2.03%-0.64%0.24%1.45%0.47%0.71%0.19%0.70%11.83%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SHYTX is 58, 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 SHYTX is 5858
Overall Rank
The Sharpe Ratio Rank of SHYTX is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of SHYTX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of SHYTX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of SHYTX is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SHYTX is 5555
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 Strategic High Yield Tax (SHYTX) 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 Strategic High Yield Tax Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.79
  • 5-Year: 0.59
  • 10-Year: 0.58
  • All Time: 1.27

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 Strategic High Yield Tax compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

DWS Strategic High Yield Tax provided a 6.91% dividend yield over the last twelve months, with an annual payout of $0.71 per share.

3.00%4.00%5.00%6.00%7.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.60$0.7020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.71$0.69$0.52$0.54$0.44$0.58$0.52$0.48$0.49$0.54$0.59$0.60

Dividend yield

6.91%6.49%4.91%5.32%3.46%4.68%4.26%4.05%3.98%4.49%4.72%4.76%

Monthly Dividends

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.12$0.04$0.00$0.24
2024$0.04$0.04$0.07$0.04$0.08$0.07$0.04$0.04$0.04$0.08$0.08$0.08$0.69
2023$0.04$0.04$0.04$0.04$0.08$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.52
2022$0.03$0.03$0.03$0.04$0.07$0.04$0.03$0.04$0.04$0.04$0.07$0.08$0.54
2021$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.44
2020$0.04$0.04$0.04$0.04$0.08$0.04$0.04$0.04$0.04$0.04$0.07$0.08$0.58
2019$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.08$0.52
2018$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.04$0.04$0.08$0.48
2017$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.06$0.49
2016$0.05$0.05$0.05$0.05$0.04$0.05$0.04$0.04$0.05$0.04$0.04$0.05$0.54
2015$0.05$0.05$0.05$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.59
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.60

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 Strategic High Yield 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 Strategic High Yield Tax was 27.13%, occurring on Dec 16, 2008. Recovery took 185 trading sessions.

The current DWS Strategic High Yield Tax drawdown is 3.58%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.13%Jan 24, 2008227Dec 16, 2008185Sep 11, 2009412
-21.08%Aug 6, 2021308Oct 25, 2022472Sep 12, 2024780
-15.65%Mar 2, 202015Mar 20, 2020185Dec 11, 2020200
-13.15%Oct 18, 1993287Nov 22, 1994131May 24, 1995418
-10.55%May 3, 201389Sep 9, 2013182May 30, 2014271
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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