COMAX vs. TOWTX
COMAX (DWS Digital Horizons Fund Class A) and TOWTX (Towpath Technology Fund) are both Technology Equities funds. Over the past year, COMAX returned 0.68% vs 19.11% for TOWTX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. COMAX charges 1.25%/yr vs 1.10%/yr for TOWTX.
Performance
COMAX vs. TOWTX - Performance Comparison
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Returns By Period
In the year-to-date period, COMAX achieves a -1.10% return, which is significantly lower than TOWTX's 8.11% return.
COMAX
- 1D
- 2.67%
- 1M
- -3.43%
- 6M
- 0.92%
- YTD
- -1.10%
- 1Y
- 0.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.26%
TOWTX
- 1D
- -0.67%
- 1M
- 0.31%
- 6M
- 8.25%
- YTD
- 8.11%
- 1Y
- 19.11%
- 3Y*
- 11.65%
- 5Y*
- 8.58%
- 10Y*
- —
- ALL TIME*
- 10.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
COMAX vs. TOWTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMAX DWS Digital Horizons Fund Class A | -1.10% | 16.79% | 21.78% |
TOWTX Towpath Technology Fund | 8.11% | 9.55% | 11.86% |
Correlation
The correlation between COMAX and TOWTX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024 | 0.71 |
The correlation between COMAX and TOWTX has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
COMAX vs. TOWTX — Risk / Return Rank
COMAX
TOWTX
COMAX vs. TOWTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Digital Horizons Fund Class A (COMAX) and Towpath Technology Fund (TOWTX). 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.
| COMAX | TOWTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.48 | -1.51 |
| Martin ratioReturn relative to average drawdown | -0.07 | 4.41 | -4.48 |
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Drawdowns
COMAX vs. TOWTX - Drawdown Comparison
The maximum COMAX drawdown since its inception was -26.14%, smaller than the maximum TOWTX drawdown of -88.96%. Use the drawdown chart below to compare losses from any high point for COMAX and TOWTX.
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Drawdown Indicators
| COMAX | TOWTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -88.96% | +62.82% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -11.62% | -12.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -88.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.96% | — |
Current DrawdownCurrent decline from peak | -9.59% | -84.82% | +75.23% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -26.89% | +21.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 3.90% | +5.64% |
Volatility
COMAX vs. TOWTX - Volatility Comparison
DWS Digital Horizons Fund Class A (COMAX) has a higher volatility of 6.15% compared to Towpath Technology Fund (TOWTX) at 4.12%. This indicates that COMAX's price experiences larger fluctuations and is considered to be riskier than TOWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMAX | TOWTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 4.12% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 12.35% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.52% | 15.77% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 146.58% | -124.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 139.02% | -117.34% |
COMAX vs. TOWTX - Expense Ratio Comparison
COMAX has a 1.25% expense ratio, which is higher than TOWTX's 1.10% expense ratio.
Dividends
COMAX vs. TOWTX - Dividend Comparison
COMAX's dividend yield for the trailing twelve months is around 1.60%, more than TOWTX's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
COMAX DWS Digital Horizons Fund Class A | 1.60% | 53.65% | 0.00% | 0.00% | 0.00% | 0.00% |
TOWTX Towpath Technology Fund | 1.58% | 1.70% | 3.55% | 0.42% | 0.57% | 0.66% |
Frequently Asked Questions
COMAX and TOWTX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMAX has higher volatility (6.15%) compared to TOWTX (4.12%). In terms of maximum drawdown, COMAX dropped -26.14% vs TOWTX's -88.96%.
TOWTX currently has the higher Sharpe Ratio (1.10 vs -0.03), 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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