AAAAX vs. SHYTX
AAAAX (DWS RREEF Real Assets Fund - Class A) and SHYTX (DWS Strategic High Yield Tax) are both mutual funds - AAAAX is a Diversified Portfolio fund managed by DWS, while SHYTX is a High Yield Muni fund managed by DWS. Over the past 10 years, AAAAX returned 6.83%/yr vs 2.01%/yr for SHYTX. Their 0.06 correlation means their historical movements had little consistent relationship. AAAAX charges 1.22%/yr vs 0.59%/yr for SHYTX.
Performance
AAAAX vs. SHYTX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAAAX achieves a 10.46% return, which is significantly higher than SHYTX's 1.21% return. Over the past 10 years, AAAAX has outperformed SHYTX with an annualized return of 6.83%, while SHYTX has yielded a comparatively lower 2.01% annualized return.
AAAAX
- 1D
- -0.59%
- 1M
- 2.05%
- 6M
- 5.47%
- YTD
- 10.46%
- 1Y
- 17.17%
- 3Y*
- 10.09%
- 5Y*
- 5.00%
- 10Y*
- 6.83%
- ALL TIME*
- 4.51%
SHYTX
- 1D
- -0.10%
- 1M
- -1.83%
- 6M
- 0.69%
- YTD
- 1.21%
- 1Y
- 6.85%
- 3Y*
- 4.42%
- 5Y*
- -0.26%
- 10Y*
- 2.01%
- ALL TIME*
- 5.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AAAAX vs. SHYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 10.46% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
SHYTX DWS Strategic High Yield Tax | 1.21% | 4.05% | 5.47% | 7.64% | -17.22% | 5.44% | 5.04% | 9.64% | -0.46% | 5.99% |
Correlation
The correlation between AAAAX and SHYTX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007 | 0.06 |
The correlation between AAAAX and SHYTX shifts across timeframes, from 0.06 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAAAX vs. SHYTX — Risk / Return Rank
AAAAX
SHYTX
AAAAX vs. SHYTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund - Class A (AAAAX) and DWS Strategic High Yield Tax (SHYTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAAAX | SHYTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.48 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.40 | +0.62 |
| Martin ratioReturn relative to average drawdown | 8.24 | 7.80 | +0.44 |
Loading charts...
Drawdowns
AAAAX vs. SHYTX - Drawdown Comparison
The maximum AAAAX drawdown since its inception was -40.47%, which is greater than SHYTX's maximum drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for AAAAX and SHYTX.
Loading charts...
Drawdown Indicators
| AAAAX | SHYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.47% | -27.17% | -13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -3.10% | -2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -7.00% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -22.59% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -29.41% | -22.59% | -6.82% |
Current DrawdownCurrent decline from peak | -2.93% | -1.83% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -2.75% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.95% | +1.18% |
Volatility
AAAAX vs. SHYTX - Volatility Comparison
DWS RREEF Real Assets Fund - Class A (AAAAX) has a higher volatility of 2.25% compared to DWS Strategic High Yield Tax (SHYTX) at 1.21%. This indicates that AAAAX's price experiences larger fluctuations and is considered to be riskier than SHYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAAAX | SHYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.21% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 2.71% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.32% | 3.47% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 5.24% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 5.03% | +7.65% |
AAAAX vs. SHYTX - Expense Ratio Comparison
AAAAX has a 1.22% expense ratio, which is higher than SHYTX's 0.59% expense ratio.
Dividends
AAAAX vs. SHYTX - Dividend Comparison
AAAAX's dividend yield for the trailing twelve months is around 5.99%, more than SHYTX's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 5.99% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
SHYTX DWS Strategic High Yield Tax | 4.41% | 5.59% | 4.01% | 3.14% | 2.90% | 2.88% | 4.44% | 4.87% | 4.35% | 3.49% | 4.29% | 4.79% |
Frequently Asked Questions
AAAAX and SHYTX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAAX has higher volatility (2.25%) compared to SHYTX (1.21%). In terms of maximum drawdown, AAAAX dropped -40.47% vs SHYTX's -27.17%.
SHYTX currently has the higher Sharpe Ratio (2.14 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AAAAX and SHYTX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer