AAAZX vs. WMRIX

Last updated Jul 18, 2026

AAAZX (DWS RREEF Real Assets Fund) and WMRIX (Wilmington Real Asset Fund) are both Global Allocation funds. Over the past 10 years, AAAZX returned 7.07%/yr vs 5.60%/yr for WMRIX. Their correlation of 0.85 suggests significant overlap in exposure. AAAZX charges 0.90%/yr vs 0.64%/yr for WMRIX.

Performance

AAAZX vs. WMRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS RREEF Real Assets Fund (AAAZX) and Wilmington Real Asset Fund (WMRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAAZX achieves a 10.40% return, which is significantly lower than WMRIX's 15.90% return. Over the past 10 years, AAAZX has outperformed WMRIX with an annualized return of 7.07%, while WMRIX has yielded a comparatively lower 5.60% annualized return.

AAAZX

• 1D: 0.38%
• 1M: 1.49%
• 6M: 6.74%
• YTD: 10.40%
• 1Y: 16.58%
• 3Y*: 10.55%
• 5Y*: 5.51%
• 10Y*: 7.07%

WMRIX

• 1D: 0.54%
• 1M: 3.08%
• 6M: 11.38%
• YTD: 15.90%
• 1Y: 21.76%
• 3Y*: 10.99%
• 5Y*: 5.64%
• 10Y*: 5.60%

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

AAAZX vs. WMRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAAZX DWS RREEF Real Assets Fund	10.40%	13.14%	5.49%	2.64%	-9.57%	23.83%	3.91%	21.79%	-5.05%	14.97%
WMRIX Wilmington Real Asset Fund	15.90%	12.79%	2.57%	1.12%	-8.03%	21.49%	-2.19%	16.85%	-7.21%	11.81%

Correlation

The correlation between AAAZX and WMRIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007	0.85

The correlation between AAAZX and WMRIX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

AAAZX vs. WMRIX — Risk / Return Rank

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

AAAZX

AAAZX Risk / Return Rank: 59
AAAZX Sharpe Ratio Rank: 61
AAAZX Sortino Ratio Rank: 56
AAAZX Omega Ratio Rank: 58
AAAZX Calmar Ratio Rank: 77
AAAZX Martin Ratio Rank: 46

WMRIX

WMRIX Risk / Return Rank: 81
WMRIX Sharpe Ratio Rank: 89
WMRIX Sortino Ratio Rank: 84
WMRIX Omega Ratio Rank: 83
WMRIX Calmar Ratio Rank: 81
WMRIX Martin Ratio Rank: 66

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. WMRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund (AAAZX) and Wilmington Real Asset Fund (WMRIX). 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.

	AAAZX	WMRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.47	-0.67
Sortino ratio: Return per unit of downside risk	2.46	3.33	-0.87
Omega ratio: Gain probability vs. loss probability	1.33	1.44	-0.11
Calmar ratio: Return relative to maximum drawdown	2.91	3.09	-0.18
Martin ratio: Return relative to average drawdown	8.07	10.36	-2.29

AAAZX vs. WMRIX - Sharpe Ratio Comparison

The current AAAZX Sharpe Ratio is 1.80, which is comparable to the WMRIX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of AAAZX and WMRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAAZX vs. WMRIX - Drawdown Comparison

The maximum AAAZX drawdown since its inception was -40.45%, which is greater than WMRIX's maximum drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for AAAZX and WMRIX.

Drawdown Indicators

	AAAZX	WMRIX	Difference
Max Drawdown Largest peak-to-trough decline	-40.45%	-37.84%	-2.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.78%	-7.13%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	-10.15%	-10.95%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-22.52%	-22.03%	-0.49%
Max Drawdown (10Y) Largest decline over 10 years	-29.44%	-31.27%	+1.83%
Current Drawdown Current decline from peak	-3.06%	-2.96%	-0.10%
Average Drawdown Average peak-to-trough decline	-6.61%	-7.16%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.12%	-0.04%

Volatility

AAAZX vs. WMRIX - Volatility Comparison

DWS RREEF Real Assets Fund (AAAZX) and Wilmington Real Asset Fund (WMRIX) have volatilities of 2.64% and 2.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAAZX	WMRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.53%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	6.69%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	8.91%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.10%	11.49%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	12.50%	+0.19%

AAAZX vs. WMRIX - Expense Ratio Comparison

AAAZX has a 0.90% expense ratio, which is higher than WMRIX's 0.64% expense ratio.

Dividends

AAAZX vs. WMRIX - Dividend Comparison

AAAZX's dividend yield for the trailing twelve months is around 6.65%, more than WMRIX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAZX DWS RREEF Real Assets Fund	6.65%	4.15%	2.85%	2.40%	4.50%	2.62%	1.60%	2.07%	1.89%	1.79%	1.82%	2.53%
WMRIX Wilmington Real Asset Fund	6.15%	7.15%	1.02%	3.51%	6.07%	9.29%	1.99%	3.03%	2.84%	2.73%	0.00%	5.31%

Frequently Asked Questions

Can I hold both AAAZX and WMRIX in my portfolio?

AAAZX and WMRIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAAZX or WMRIX?

AAAZX has higher volatility (2.64%) compared to WMRIX (2.53%). In terms of maximum drawdown, AAAZX dropped -40.45% vs WMRIX's -37.84%.

Which has better risk-adjusted returns?

WMRIX currently has the higher Sharpe Ratio (2.47 vs 1.80), 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.