EEA vs. MGHYX
EEA (The European Equity Fund) and MGHYX (DWS Global High Income Fund) are both mutual funds - EEA is a Europe Equities fund managed by DWS, while MGHYX is a High Yield Bonds fund managed by DWS. Over the past 10 years, EEA returned 8.64%/yr vs 4.78%/yr for MGHYX. Their 0.34 correlation means their historical movements had little consistent relationship. EEA charges 0.01%/yr vs 0.60%/yr for MGHYX.
Performance
EEA vs. MGHYX - Performance Comparison
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Returns By Period
In the year-to-date period, EEA achieves a 9.24% return, which is significantly higher than MGHYX's 1.59% return. Over the past 10 years, EEA has outperformed MGHYX with an annualized return of 8.64%, while MGHYX has yielded a comparatively lower 4.78% annualized return.
EEA
- 1D
- -0.36%
- 1M
- -0.30%
- 6M
- 2.75%
- YTD
- 9.24%
- 1Y
- 20.19%
- 3Y*
- 12.43%
- 5Y*
- 7.12%
- 10Y*
- 8.64%
- ALL TIME*
- 5.13%
MGHYX
- 1D
- 0.00%
- 1M
- -0.40%
- 6M
- 0.99%
- YTD
- 1.59%
- 1Y
- 5.76%
- 3Y*
- 7.51%
- 5Y*
- 3.36%
- 10Y*
- 4.78%
- ALL TIME*
- 0.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $209.10K | $314.31K | $440.77K | |
| $0.00 | $0.00 | $0.00 |
EEA vs. MGHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEA The European Equity Fund | 9.24% | 36.10% | -3.53% | 17.24% | -18.97% | 14.19% | 13.54% | 28.55% | -21.00% | 29.01% |
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 EEA and MGHYX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 1998 | 0.34 |
The correlation between EEA and MGHYX shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EEA vs. MGHYX — Risk / Return Rank
EEA
MGHYX
EEA vs. MGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The European Equity Fund (EEA) 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.
| EEA | MGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.03 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.76 | 8.49 | -3.73 |
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Drawdowns
EEA vs. MGHYX - Drawdown Comparison
The maximum EEA drawdown since its inception was -72.28%, which is greater than MGHYX's maximum drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for EEA and MGHYX.
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Drawdown Indicators
| EEA | MGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.28% | -53.47% | -18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -2.69% | -10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.10% | -4.33% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -37.51% | -15.93% | -21.58% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -21.84% | -19.70% |
Current DrawdownCurrent decline from peak | -1.08% | -0.56% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -29.69% | -23.99% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 0.64% | +3.48% |
Volatility
EEA vs. MGHYX - Volatility Comparison
The European Equity Fund (EEA) has a higher volatility of 4.56% compared to DWS Global High Income Fund (MGHYX) at 0.80%. This indicates that EEA'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
| EEA | MGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 0.80% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 2.31% | +10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 3.13% | +12.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 5.09% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 5.84% | +13.56% |
EEA vs. MGHYX - Expense Ratio Comparison
EEA has a 0.01% expense ratio, which is lower than MGHYX's 0.60% expense ratio.
Dividends
EEA vs. MGHYX - Dividend Comparison
EEA's dividend yield for the trailing twelve months is around 8.79%, more than MGHYX's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEA The European Equity Fund | 8.79% | 7.55% | 2.19% | 1.99% | 11.60% | 14.42% | 1.86% | 5.49% | 0.95% | 0.87% | 0.97% | 2.10% |
MGHYX DWS Global High Income Fund | 5.81% | 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
EEA and MGHYX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEA has higher volatility (4.56%) compared to MGHYX (0.80%). In terms of maximum drawdown, EEA dropped -72.28% vs MGHYX's -53.47%.
MGHYX currently has the higher Sharpe Ratio (1.75 vs 1.24), 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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