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DWS Enhanced Commodity Strategy Fund (SKIRX) Sharpe Ratio: 0.92

Mutual Fund · Currency in USD · Last updated Jun 26, 2026

The fund invests in commodity-linked derivative instruments backed by a portfolio of fixed income instruments. It invests in commodity-linked derivative instruments (a contract whose value is based on a particular commodity), such as commodity-linked swap contracts, commodity-linked structured notes, options and futures contracts, to gain exposure to the investment return of assets that trade in the commodity markets, without investing directly in physical commodities.

SKIRX's Sharpe Ratio of 0.92 indicates that for each unit of volatility, it generates 0.92 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SKIRX Sharpe Ratio Rank

SKIRX Sharpe Ratio Rank: 16.617
Concerning

SKIRX ranks above 16.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

SKIRX Sharpe Ratio Market Positioning

The chart shows SKIRX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.15 or lower
  • Yellow zone (middle 50%): 1.15 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 3.99+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar mutual funds

The table compares DWS Enhanced Commodity Strategy Fund's Sharpe Ratio with other mutual funds in the Commodities category across multiple time periods, showing how SKIRX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
JCRAXALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund2.00
EIPCXParametric Commodity Strategy Fund Class I1.98
EAPCXParametric Commodity Strategy Fund Class A1.96
FIQRXFidelity Advisor Global Commodity Stock Fund Class Z1.93
FFGCXFidelity Global Commodity Stock Fund1.92
FFGIXFidelity Advisor Global Commodity Stock Fund Class I1.92
FFGAXFidelity Advisor Global Commodity Stock Fund Class A1.90
FFGTXFidelity Advisor Global Commodity Stock Fund Class M1.88
FCGCXFidelity Advisor Global Commodity Stock Fund Class C1.84
BCSKXBlackRock Commodity Strategies Fund Class K1.79
SKIRXDWS Enhanced Commodity Strategy Fund0.92

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SKIRX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SKIRX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SKIRX fit in your portfolio?

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