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DWS Enhanced Commodity Strategy Fund (SKIRX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US25159L8366
CUSIP
25159L836
Issuer
DWS
Inception Date
Feb 13, 2005
Category
Commodities
Min. Investment
$1,000,000
Distribution Policy
Distributing
Asset Class
Commodity

Share Price Chart


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Performance

Performance Chart

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


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S&P 500 Index

Returns By Period

DWS Enhanced Commodity Strategy Fund (SKIRX) has returned 18.82% so far this year and 22.34% over the past 12 months. Over the last ten years, SKIRX has returned 6.25% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


DWS Enhanced Commodity Strategy Fund

1D
0.43%
1M
6.98%
YTD
18.82%
6M
23.95%
1Y
22.34%
3Y*
9.47%
5Y*
11.15%
10Y*
6.25%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Feb 15, 2005, SKIRX's average daily return is 0.00%, while the average monthly return is -0.01%.

Historically, 52% of months were positive and 48% were negative. The best month was May 2009 with a return of +15.6%, while the worst month was Dec 2008 at -61.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, SKIRX closed higher 48% of trading days. The best single day was Oct 13, 2008 with a return of +10.4%, while the worst single day was Dec 18, 2008 at -61.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202612.75%-1.49%6.98%18.82%
20254.45%0.34%3.74%-5.28%-0.00%1.98%-0.69%1.74%1.13%1.89%2.53%-0.15%11.94%
20240.18%-1.42%3.13%2.98%2.21%-2.82%-3.28%-0.36%4.79%-2.75%0.00%0.32%2.64%
20232.48%-4.51%0.86%-1.01%-4.07%1.07%4.22%-0.84%-1.23%-0.17%-0.35%-1.41%-5.17%
20227.57%5.47%8.21%3.13%1.04%-10.56%3.58%-0.20%-9.33%-0.17%3.00%-1.77%8.33%
20212.27%7.62%-2.06%8.44%3.24%2.48%2.02%-0.09%5.75%1.41%-7.06%3.78%30.40%

Benchmark Metrics

DWS Enhanced Commodity Strategy Fund has an annualized alpha of -4.17%, beta of 0.44, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 16, 2005.

  • This fund participated in 60.55% of S&P 500 Index downside but only 20.98% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.44 may look defensive, but with R² of 0.15 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 0.15 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
-4.17%
Beta
0.44
0.15
Upside Capture
20.98%
Downside Capture
60.55%

Expense Ratio

SKIRX has an expense ratio of 0.89%, placing it in the medium range.


Return for Risk

Risk / Return Rank

SKIRX ranks 74 for risk / return — better than 74% 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.


SKIRX Risk / Return Rank: 7474
Overall Rank
SKIRX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SKIRX Sortino Ratio Rank: 6565
Sortino Ratio Rank
SKIRX Omega Ratio Rank: 7171
Omega Ratio Rank
SKIRX Calmar Ratio Rank: 8989
Calmar Ratio Rank
SKIRX Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for DWS Enhanced Commodity Strategy Fund (SKIRX) and compare them to a chosen benchmark (S&P 500 Index).


SKIRXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.30

0.90

+0.40

Sortino ratio

Return per unit of downside risk

1.69

1.39

+0.30

Omega ratio

Gain probability vs. loss probability

1.27

1.21

+0.06

Calmar ratio

Return relative to maximum drawdown

2.43

1.40

+1.03

Martin ratio

Return relative to average drawdown

6.73

6.61

+0.12

Explore SKIRX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

DWS Enhanced Commodity Strategy Fund provided a 5.58% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%10.00%20.00%30.00%40.00%50.00%$0.00$1.00$2.00$3.00$4.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.39$0.32$0.17$0.11$3.07$3.65$0.14$0.17$1.15$0.05$0.83$0.05

Dividend yield

5.58%5.39%3.03%1.93%50.74%43.89%1.53%1.74%12.16%0.41%7.04%0.40%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.12$0.12
2025$0.00$0.00$0.05$0.00$0.00$0.06$0.00$0.00$0.10$0.00$0.00$0.11$0.32
2024$0.00$0.00$0.03$0.00$0.00$0.04$0.00$0.00$0.05$0.00$0.00$0.05$0.17
2023$0.00$0.00$0.02$0.00$0.00$0.03$0.00$0.00$0.03$0.00$0.00$0.03$0.11
2022$0.00$0.00$0.01$0.00$0.00$0.01$0.00$0.00$3.05$0.00$0.00$0.01$3.07
2021$0.00$0.00$0.01$0.00$0.00$0.02$0.00$0.00$3.61$0.00$0.00$0.01$3.65

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 Enhanced Commodity Strategy 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 Enhanced Commodity Strategy Fund was 88.19%, occurring on Mar 18, 2020. The portfolio has not yet recovered.

The current DWS Enhanced Commodity Strategy Fund drawdown is 72.78%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-88.19%Jul 1, 20082949Mar 18, 2020
-20.37%May 12, 2006168Jan 11, 2007120Jul 5, 2007288
-11.74%Jan 4, 200813Jan 23, 200819Feb 20, 200832
-11.3%Apr 4, 200531May 16, 200535Jul 6, 200566
-11.27%Jul 20, 200720Aug 16, 200722Sep 18, 200742

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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