AAAZX vs. EIPCX

Last updated Apr 2, 2026

Compare and contrast key facts about DWS RREEF Real Assets Fund (AAAZX) and Parametric Commodity Strategy Fund Class I (EIPCX).

AAAZX is managed by DWS. It was launched on Jul 29, 2007. EIPCX is managed by Eaton Vance. It was launched on May 25, 2011.

Performance

AAAZX vs. EIPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS RREEF Real Assets Fund (AAAZX) and Parametric Commodity Strategy Fund Class I (EIPCX). The values are adjusted to include any dividend payments, if applicable.

AAAZX vs. EIPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAAZX DWS RREEF Real Assets Fund	9.82%	13.14%	5.49%	2.64%	-9.57%	23.83%	3.91%	21.79%	-5.05%	14.97%
EIPCX Parametric Commodity Strategy Fund Class I	17.35%	22.27%	9.97%	-4.70%	17.76%	30.13%	7.83%	9.58%	-9.45%	7.07%

Returns By Period

In the year-to-date period, AAAZX achieves a 9.82% return, which is significantly lower than EIPCX's 17.35% return. Over the past 10 years, AAAZX has underperformed EIPCX with an annualized return of 7.71%, while EIPCX has yielded a comparatively higher 11.45% annualized return.

AAAZX

• 1D: 1.03%
• 1M: -3.57%
• YTD: 9.82%
• 6M: 11.98%
• 1Y: 17.72%
• 3Y*: 10.49%
• 5Y*: 7.11%
• 10Y*: 7.71%

EIPCX

• 1D: 0.78%
• 1M: 5.42%
• YTD: 17.35%
• 6M: 25.90%
• 1Y: 33.11%
• 3Y*: 15.41%
• 5Y*: 16.38%
• 10Y*: 11.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAAZX vs. EIPCX - Expense Ratio Comparison

AAAZX has a 0.90% expense ratio, which is higher than EIPCX's 0.66% expense ratio.

AAAZX

DWS RREEF Real Assets Fund

EIPCX

Parametric Commodity Strategy Fund Class I

Return for Risk

AAAZX vs. EIPCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAAZX

AAAZX Risk / Return Rank: 82
AAAZX Sharpe Ratio Rank: 82
AAAZX Sortino Ratio Rank: 81
AAAZX Omega Ratio Rank: 81
AAAZX Calmar Ratio Rank: 77
AAAZX Martin Ratio Rank: 90

EIPCX

EIPCX Risk / Return Rank: 94
EIPCX Sharpe Ratio Rank: 95
EIPCX Sortino Ratio Rank: 93
EIPCX Omega Ratio Rank: 90
EIPCX Calmar Ratio Rank: 96
EIPCX Martin Ratio Rank: 95

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.

AAAZX vs. EIPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund (AAAZX) and Parametric Commodity Strategy Fund Class I (EIPCX). 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.

	AAAZX	EIPCX	Difference
Sharpe ratio Return per unit of total volatility	1.59	2.27	-0.68
Sortino ratio Return per unit of downside risk	2.13	2.86	-0.72
Omega ratio Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio Return relative to maximum drawdown	1.94	3.73	-1.80
Martin ratio Return relative to average drawdown	10.35	13.21	-2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAAZX vs. EIPCX - Sharpe Ratio Comparison

The current AAAZX Sharpe Ratio is 1.59, which is comparable to the EIPCX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AAAZX and EIPCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAAZX	EIPCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.27	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	1.12	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.86	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.24	+0.16

Correlation

The correlation between AAAZX and EIPCX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AAAZX vs. EIPCX - Dividend Comparison

AAAZX's dividend yield for the trailing twelve months is around 3.78%, less than EIPCX's 11.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAZX DWS RREEF Real Assets Fund	3.78%	4.15%	2.85%	2.40%	4.50%	2.62%	1.60%	2.07%	1.89%	1.79%	1.82%	2.53%
EIPCX Parametric Commodity Strategy Fund Class I	11.36%	13.33%	5.65%	3.69%	14.93%	13.83%	3.10%	1.54%	0.87%	5.14%	6.59%	0.00%

Drawdowns

AAAZX vs. EIPCX - Drawdown Comparison

The maximum AAAZX drawdown since its inception was -40.45%, smaller than the maximum EIPCX drawdown of -54.05%. Use the drawdown chart below to compare losses from any high point for AAAZX and EIPCX.

Drawdown Indicators

	AAAZX	EIPCX	Difference
Max Drawdown Largest peak-to-trough decline	-40.45%	-54.05%	+13.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-9.15%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-22.52%	-18.00%	-4.52%
Max Drawdown (10Y) Largest decline over 10 years	-29.44%	-28.53%	-0.91%
Current Drawdown Current decline from peak	-3.57%	-0.38%	-3.19%
Average Drawdown Average peak-to-trough decline	-6.67%	-24.50%	+17.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	2.58%	-0.79%

Volatility

AAAZX vs. EIPCX - Volatility Comparison

The current volatility for DWS RREEF Real Assets Fund (AAAZX) is 3.32%, while Parametric Commodity Strategy Fund Class I (EIPCX) has a volatility of 4.39%. This indicates that AAAZX experiences smaller price fluctuations and is considered to be less risky than EIPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAAZX	EIPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	4.39%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	11.78%	-4.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	14.82%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.20%	14.64%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	13.30%	-0.62%