COMAX vs. SCGSX

Last updated Jun 6, 2026

COMAX (DWS Digital Horizons Fund Class A) and SCGSX (DWS Capital Growth Fund) are both mutual funds - COMAX is a Technology Equities fund actively managed by DWS, while SCGSX is a Large Cap Growth Equities fund managed by DWS. Over the past year, COMAX returned 14.57% vs 16.39% for SCGSX. Their correlation of 0.89 suggests significant overlap in exposure. COMAX charges 1.25%/yr vs 0.66%/yr for SCGSX.

Performance

COMAX vs. SCGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Digital Horizons Fund Class A (COMAX) and DWS Capital Growth Fund (SCGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COMAX achieves a 7.18% return, which is significantly higher than SCGSX's 6.52% return.

COMAX

• 1D: -0.10%
• 1M: 5.26%
• YTD: 7.18%
• 6M: 5.14%
• 1Y: 14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCGSX

• 1D: 0.12%
• 1M: 3.53%
• YTD: 6.52%
• 6M: 4.81%
• 1Y: 16.39%
• 3Y*: 19.87%
• 5Y*: 10.99%
• 10Y*: 15.93%

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

COMAX vs. SCGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COMAX DWS Digital Horizons Fund Class A	7.18%	16.79%	21.78%
SCGSX DWS Capital Growth Fund	6.52%	12.34%	17.75%

Correlation

The correlation between COMAX and SCGSX is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Apr 25, 2024	0.89

The correlation between COMAX and SCGSX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

COMAX vs. SCGSX — Risk / Return Rank

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

COMAX

COMAX Risk / Return Rank: 9
COMAX Sharpe Ratio Rank: 11
COMAX Sortino Ratio Rank: 11
COMAX Omega Ratio Rank: 11
COMAX Calmar Ratio Rank: 7
COMAX Martin Ratio Rank: 7

SCGSX

SCGSX Risk / Return Rank: 13
SCGSX Sharpe Ratio Rank: 16
SCGSX Sortino Ratio Rank: 15
SCGSX Omega Ratio Rank: 15
SCGSX Calmar Ratio Rank: 10
SCGSX Martin Ratio Rank: 11

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.

COMAX vs. SCGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Digital Horizons Fund Class A (COMAX) and DWS Capital Growth Fund (SCGSX). 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.

	COMAX	SCGSX	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.06	-0.24
Sortino ratio: Return per unit of downside risk	1.20	1.52	-0.33
Omega ratio: Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	0.63	0.92	-0.29
Martin ratio: Return relative to average drawdown	1.64	2.97	-1.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COMAX vs. SCGSX - Sharpe Ratio Comparison

The current COMAX Sharpe Ratio is 0.82, which is comparable to the SCGSX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of COMAX and SCGSX, 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

	COMAX	SCGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.06	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.42	+0.62

Drawdowns

COMAX vs. SCGSX - Drawdown Comparison

The maximum COMAX drawdown since its inception was -26.14%, smaller than the maximum SCGSX drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for COMAX and SCGSX.

Drawdown Indicators

	COMAX	SCGSX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-50.63%	+24.49%
Max Drawdown (1Y) Largest decline over 1 year	-24.00%	-18.09%	-5.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.81%	—
Current Drawdown Current decline from peak	-2.02%	-1.28%	-0.74%
Average Drawdown Average peak-to-trough decline	-5.55%	-12.79%	+7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	5.57%	+3.56%

Volatility

COMAX vs. SCGSX - Volatility Comparison

DWS Digital Horizons Fund Class A (COMAX) has a higher volatility of 4.89% compared to DWS Capital Growth Fund (SCGSX) at 3.92%. This indicates that COMAX's price experiences larger fluctuations and is considered to be riskier than SCGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMAX	SCGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	3.92%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	12.33%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	15.67%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.32%	20.82%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	20.48%	+0.84%

COMAX vs. SCGSX - Expense Ratio Comparison

COMAX has a 1.25% expense ratio, which is higher than SCGSX's 0.66% expense ratio.

Dividends

COMAX vs. SCGSX - Dividend Comparison

COMAX's dividend yield for the trailing twelve months is around 0.05%, less than SCGSX's 7.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMAX DWS Digital Horizons Fund Class A	0.05%	53.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCGSX DWS Capital Growth Fund	7.16%	7.62%	9.06%	7.18%	7.81%	6.64%	5.59%	5.98%	17.00%	9.08%	8.49%	11.02%

Frequently Asked Questions

Can I hold both COMAX and SCGSX in my portfolio?

With a correlation of 0.94, COMAX and SCGSX 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, COMAX or SCGSX?

COMAX has higher volatility (4.89%) compared to SCGSX (3.92%). In terms of maximum drawdown, COMAX dropped -26.14% vs SCGSX's -50.63%.

Which has better risk-adjusted returns?

SCGSX currently has the higher Sharpe Ratio (1.06 vs 0.82), 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.