BTIIX vs. SCDGX

Last updated Jun 4, 2026

BTIIX (DWS Equity 500 Index Fund) and SCDGX (DWS Core Equity Fund) are both Large Cap Blend Equities funds from DWS. Over the past 10 years, BTIIX returned 16.52%/yr vs 15.11%/yr for SCDGX. With a 0.97 correlation, they move nearly in lockstep. BTIIX charges 0.20%/yr vs 0.55%/yr for SCDGX.

Performance

BTIIX vs. SCDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Equity 500 Index Fund (BTIIX) and DWS Core Equity Fund (SCDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BTIIX having a 11.63% return and SCDGX slightly higher at 12.07%. Over the past 10 years, BTIIX has outperformed SCDGX with an annualized return of 16.52%, while SCDGX has yielded a comparatively lower 15.11% annualized return.

BTIIX

• 1D: 0.13%
• 1M: 5.78%
• YTD: 11.63%
• 6M: 11.63%
• 1Y: 28.72%
• 3Y*: 22.52%
• 5Y*: 14.04%
• 10Y*: 16.52%

SCDGX

• 1D: -0.05%
• 1M: 6.28%
• YTD: 12.07%
• 6M: 12.08%
• 1Y: 30.54%
• 3Y*: 21.23%
• 5Y*: 13.23%
• 10Y*: 15.11%

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

BTIIX vs. SCDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTIIX DWS Equity 500 Index Fund	11.63%	17.56%	24.83%	26.04%	-18.51%	28.71%	18.37%	45.09%	-4.99%	21.61%
SCDGX DWS Core Equity Fund	12.07%	16.32%	20.01%	25.55%	-15.61%	25.54%	16.14%	35.68%	-6.06%	21.52%

Correlation

The correlation between BTIIX and SCDGX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.97

The correlation between BTIIX and SCDGX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

BTIIX vs. SCDGX — Risk / Return Rank

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

BTIIX

BTIIX Risk / Return Rank: 73
BTIIX Sharpe Ratio Rank: 75
BTIIX Sortino Ratio Rank: 68
BTIIX Omega Ratio Rank: 68
BTIIX Calmar Ratio Rank: 73
BTIIX Martin Ratio Rank: 82

SCDGX

SCDGX Risk / Return Rank: 76
SCDGX Sharpe Ratio Rank: 81
SCDGX Sortino Ratio Rank: 75
SCDGX Omega Ratio Rank: 72
SCDGX Calmar Ratio Rank: 74
SCDGX Martin Ratio Rank: 78

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.

BTIIX vs. SCDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Equity 500 Index Fund (BTIIX) and DWS Core Equity Fund (SCDGX). 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.

	BTIIX	SCDGX	Difference
Sharpe ratio: Return per unit of total volatility	2.51	2.63	-0.12
Sortino ratio: Return per unit of downside risk	3.45	3.61	-0.16
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	3.33	3.36	-0.03
Martin ratio: Return relative to average drawdown	15.43	14.63	+0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTIIX vs. SCDGX - Sharpe Ratio Comparison

The current BTIIX Sharpe Ratio is 2.51, which is comparable to the SCDGX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of BTIIX and SCDGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTIIX	SCDGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.63	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.78	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.82	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.54	-0.02

Drawdowns

BTIIX vs. SCDGX - Drawdown Comparison

The maximum BTIIX drawdown since its inception was -55.24%, roughly equal to the maximum SCDGX drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for BTIIX and SCDGX.

Drawdown Indicators

	BTIIX	SCDGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.24%	-55.85%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-9.43%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-21.16%	-20.72%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-22.77%	-1.83%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-35.07%	+1.24%
Current Drawdown Current decline from peak	0.00%	-0.05%	+0.05%
Average Drawdown Average peak-to-trough decline	-10.09%	-8.57%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.15%	-0.23%

Volatility

BTIIX vs. SCDGX - Volatility Comparison

The current volatility for DWS Equity 500 Index Fund (BTIIX) is 2.83%, while DWS Core Equity Fund (SCDGX) has a volatility of 3.23%. This indicates that BTIIX experiences smaller price fluctuations and is considered to be less risky than SCDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTIIX	SCDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	3.23%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	9.16%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	12.02%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	17.08%	+5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	18.40%	+2.81%

BTIIX vs. SCDGX - Expense Ratio Comparison

BTIIX has a 0.20% expense ratio, which is lower than SCDGX's 0.55% expense ratio.

Dividends

BTIIX vs. SCDGX - Dividend Comparison

BTIIX's dividend yield for the trailing twelve months is around 11.80%, more than SCDGX's 9.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTIIX DWS Equity 500 Index Fund	11.80%	13.18%	20.02%	26.57%	14.49%	15.07%	20.31%	23.22%	22.74%	15.17%	11.11%	8.32%
SCDGX DWS Core Equity Fund	9.49%	10.50%	9.11%	5.12%	9.28%	14.09%	6.70%	8.88%	14.12%	6.15%	6.92%	8.72%

Frequently Asked Questions

Can I hold both BTIIX and SCDGX in my portfolio?

With a correlation of 0.98, BTIIX and SCDGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BTIIX or SCDGX?

SCDGX has higher volatility (3.23%) compared to BTIIX (2.83%). In terms of maximum drawdown, BTIIX dropped -55.24% vs SCDGX's -55.85%.

Which has better risk-adjusted returns?

SCDGX currently has the higher Sharpe Ratio (2.63 vs 2.51), 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.