CBFSX vs. MGHYX
CBFSX (JPMorgan Corporate Bond Fund) and MGHYX (DWS Global High Income Fund) are both mutual funds - CBFSX is a Corporate Bonds fund managed by JPMorgan, while MGHYX is a High Yield Bonds fund managed by DWS. Over the past 10 years, CBFSX returned 2.88%/yr vs 4.96%/yr for MGHYX. At a 0.30 correlation, their price movements are largely independent. CBFSX charges 0.50%/yr vs 0.60%/yr for MGHYX.
Performance
CBFSX vs. MGHYX - Performance Comparison
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Returns By Period
In the year-to-date period, CBFSX achieves a 0.41% return, which is significantly lower than MGHYX's 1.59% return. Over the past 10 years, CBFSX has underperformed MGHYX with an annualized return of 2.88%, while MGHYX has yielded a comparatively higher 4.96% annualized return.
CBFSX
- 1D
- 0.24%
- 1M
- 1.25%
- YTD
- 0.41%
- 6M
- 0.49%
- 1Y
- 5.20%
- 3Y*
- 5.40%
- 5Y*
- 0.39%
- 10Y*
- 2.88%
MGHYX
- 1D
- 0.00%
- 1M
- 0.95%
- YTD
- 1.59%
- 6M
- 2.43%
- 1Y
- 7.41%
- 3Y*
- 8.06%
- 5Y*
- 3.57%
- 10Y*
- 4.96%
CBFSX vs. MGHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 0.41% | 7.45% | 2.71% | 9.20% | -16.06% | -0.77% | 10.23% | 15.05% | -2.31% | 6.89% |
MGHYX DWS Global High Income Fund | 1.59% | 9.82% | 6.99% | 11.17% | -11.67% | 3.22% | 6.83% | 16.36% | -1.85% | 6.49% |
Correlation
The correlation between CBFSX and MGHYX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.30 |
Over the past year, CBFSX and MGHYX have become more correlated (0.52) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
CBFSX vs. MGHYX — Risk / Return Rank
CBFSX
MGHYX
CBFSX vs. MGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Corporate Bond Fund (CBFSX) and DWS Global High Income Fund (MGHYX). 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.
| CBFSX | MGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.56 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.78 | -1.28 |
| Martin ratioReturn relative to average drawdown | 4.29 | 11.81 | -7.52 |
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Drawdowns
CBFSX vs. MGHYX - Drawdown Comparison
The maximum CBFSX drawdown since its inception was -22.42%, smaller than the maximum MGHYX drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for CBFSX and MGHYX.
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Drawdown Indicators
| CBFSX | MGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -53.47% | +31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.69% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -6.62% | -4.33% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -15.93% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -21.84% | -0.58% |
Current DrawdownCurrent decline from peak | -1.38% | -0.16% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -24.08% | +19.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.63% | +0.58% |
Volatility
CBFSX vs. MGHYX - Volatility Comparison
JPMorgan Corporate Bond Fund (CBFSX) has a higher volatility of 1.14% compared to DWS Global High Income Fund (MGHYX) at 0.84%. This indicates that CBFSX's price experiences larger fluctuations and is considered to be riskier than MGHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBFSX | MGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.84% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 2.34% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 3.13% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 5.08% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.88% | +0.13% |
CBFSX vs. MGHYX - Expense Ratio Comparison
CBFSX has a 0.50% expense ratio, which is lower than MGHYX's 0.60% expense ratio.
Dividends
CBFSX vs. MGHYX - Dividend Comparison
CBFSX's dividend yield for the trailing twelve months is around 4.52%, less than MGHYX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 4.52% | 4.54% | 4.99% | 4.18% | 4.06% | 7.96% | 3.74% | 3.14% | 4.55% | 6.78% | 3.11% | 3.11% |
MGHYX DWS Global High Income Fund | 5.69% | 7.17% | 5.58% | 4.35% | 5.81% | 4.20% | 5.81% | 5.63% | 6.96% | 3.76% | 0.00% | 0.00% |
Frequently Asked Questions
CBFSX and MGHYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBFSX has higher volatility (1.14%) compared to MGHYX (0.84%). In terms of maximum drawdown, CBFSX dropped -22.42% vs MGHYX's -53.47%.
MGHYX currently has the higher Sharpe Ratio (2.39 vs 1.25), 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.
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