DWS Multi-Asset Conservative Allocation Fund (SPBAX)
The investment seeks to maximize total return. The fund seeks to achieve its objective by investing in a broad range of both traditional asset classes (such as equity and fixed income investments) and alternative asset classes (such as real estate, infrastructure, convertibles, commodities, currencies and absolute return strategies). It invests between 20% and 50% of assets in equity securities, including investments in underlying funds that invest primarily in equity securities, and between 50% and 80% of assets in fixed income securities, including investments in underlying funds that invest primarily in fixed income securities.
Fund Info
US25158W4033
Nov 14, 1996
$2,500
Large-Cap
Blend
Expense Ratio
SPBAX features an expense ratio of 0.40%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS Multi-Asset Conservative Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DWS Multi-Asset Conservative Allocation Fund had a return of -1.24% year-to-date (YTD) and 2.07% in the last 12 months. Over the past 10 years, DWS Multi-Asset Conservative Allocation Fund had an annualized return of 2.87%, while the S&P 500 had an annualized return of 11.24%, indicating that DWS Multi-Asset Conservative Allocation Fund did not perform as well as the benchmark.
SPBAX
-1.24%
-6.06%
-4.23%
2.07%
1.10%
2.87%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of SPBAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.31% | 0.79% | 2.16% | -3.15% | 3.10% | 0.81% | 2.38% | 1.65% | 1.63% | -2.71% | 2.48% | -5.43% | 3.03% |
| 2023 | 4.51% | -2.80% | 2.34% | 0.57% | -1.21% | 2.15% | 1.36% | -1.42% | -2.90% | -1.74% | 6.17% | 4.10% | 11.18% |
| 2022 | -3.34% | -1.80% | -0.20% | -5.25% | 0.39% | -4.87% | 4.36% | -2.92% | -6.23% | 2.00% | 5.29% | -2.40% | -14.64% |
| 2021 | -0.07% | 0.56% | 0.97% | 2.22% | 1.02% | 1.14% | 0.67% | 0.93% | -2.20% | 2.16% | -1.52% | -3.44% | 2.29% |
| 2020 | 0.29% | -2.96% | -9.13% | 5.28% | 2.90% | 1.49% | 3.40% | 1.97% | -1.63% | -0.95% | 5.92% | 2.39% | 8.33% |
| 2019 | 4.70% | 1.57% | 1.28% | 1.62% | -1.89% | 3.28% | 0.38% | 0.45% | 0.41% | 1.20% | 0.74% | 1.65% | 16.34% |
| 2018 | 1.90% | -2.69% | -0.42% | -0.08% | 0.54% | -0.26% | 1.08% | 1.00% | -0.04% | -4.42% | 0.56% | -3.22% | -6.07% |
| 2017 | 1.24% | 1.80% | 0.09% | 1.21% | 1.20% | -0.30% | 1.82% | 0.39% | 0.79% | 0.62% | 0.69% | 0.88% | 10.93% |
| 2016 | -1.94% | -0.60% | 2.26% | 0.51% | 0.59% | 1.14% | 2.08% | -0.16% | 0.29% | -1.15% | -0.33% | 1.12% | 3.80% |
| 2015 | 0.00% | 2.16% | -0.35% | 0.48% | 0.24% | -1.76% | 0.81% | -3.70% | -1.62% | 3.76% | 0.25% | -1.68% | -1.62% |
| 2014 | -1.38% | 2.71% | -0.18% | 0.32% | 1.52% | 1.32% | -1.33% | 2.07% | -2.52% | 1.69% | 0.63% | -0.89% | 3.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPBAX is 27, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Multi-Asset Conservative Allocation Fund (SPBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS Multi-Asset Conservative Allocation Fund provided a 1.98% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.28 | $0.30 | $0.24 | $0.32 | $0.31 | $0.23 | $0.24 | $0.25 | $0.41 | $0.35 |
Dividend yield | 1.98% | 1.96% | 2.21% | 2.47% | 1.70% | 2.25% | 2.23% | 1.90% | 1.85% | 2.05% | 3.48% | 2.80% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Multi-Asset Conservative Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.30 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.24 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.32 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.31 |
| 2018 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.23 |
| 2017 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.24 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.25 |
| 2015 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.41 |
| 2014 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.35 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the DWS Multi-Asset Conservative Allocation 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 Multi-Asset Conservative Allocation Fund was 42.82%, occurring on Mar 9, 2009. Recovery took 883 trading sessions.
The current DWS Multi-Asset Conservative Allocation Fund drawdown is 9.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.82% | Nov 2, 2007 | 337 | Mar 9, 2009 | 883 | Sep 7, 2012 | 1220 |
| -37.8% | Dec 30, 1999 | 701 | Oct 18, 2002 | 1003 | Oct 16, 2006 | 1704 |
| -24.14% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
| -19.9% | Feb 20, 2020 | 22 | Mar 20, 2020 | 112 | Aug 28, 2020 | 134 |
| -16.55% | Jul 21, 1998 | 58 | Oct 8, 1998 | 189 | Jun 30, 1999 | 247 |
Volatility
Volatility Chart
The current DWS Multi-Asset Conservative Allocation Fund volatility is 4.27%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.