GF vs. MGHYX
GF (The New Germany Fund) and MGHYX (DWS Global High Income Fund) are both mutual funds - GF is a Foreign Large Cap Equities fund managed by DWS, while MGHYX is a High Yield Bonds fund managed by DWS. Over the past 10 years, GF returned 8.02%/yr vs 4.78%/yr for MGHYX. Their 0.35 correlation means their historical movements had little consistent relationship. GF charges 0.01%/yr vs 0.60%/yr for MGHYX.
Performance
GF vs. MGHYX - Performance Comparison
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Returns By Period
In the year-to-date period, GF achieves a -0.63% return, which is significantly lower than MGHYX's 1.59% return. Over the past 10 years, GF has outperformed MGHYX with an annualized return of 8.02%, while MGHYX has yielded a comparatively lower 4.78% annualized return.
GF
- 1D
- -1.06%
- 1M
- -3.20%
- 6M
- -4.96%
- YTD
- -0.63%
- 1Y
- 0.16%
- 3Y*
- 8.42%
- 5Y*
- -3.94%
- 10Y*
- 8.02%
- ALL TIME*
- 3.88%
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) |
|---|---|---|---|
| $342.45K | $308.40K | $485.94K | |
| $0.00 | $0.00 | $0.00 |
GF vs. MGHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | -0.63% | 48.34% | -9.96% | 11.66% | -42.21% | 7.92% | 38.43% | 38.75% | -21.55% | 54.50% |
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 GF and MGHYX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 1998 | 0.35 |
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Return for Risk
GF vs. MGHYX — Risk / Return Rank
GF
MGHYX
GF vs. MGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The New Germany Fund (GF) 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.
| GF | MGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.03 | -2.17 |
| Martin ratioReturn relative to average drawdown | -0.37 | 8.49 | -8.86 |
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Drawdowns
GF vs. MGHYX - Drawdown Comparison
The maximum GF drawdown since its inception was -85.97%, which is greater than MGHYX's maximum drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for GF and MGHYX.
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Drawdown Indicators
| GF | MGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -53.47% | -32.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -2.69% | -15.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -4.33% | -13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -53.83% | -15.93% | -37.90% |
Max Drawdown (10Y)Largest decline over 10 years | -53.83% | -21.84% | -31.99% |
Current DrawdownCurrent decline from peak | -21.10% | -0.56% | -20.54% |
Average DrawdownAverage peak-to-trough decline | -33.87% | -23.99% | -9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 0.64% | +5.88% |
Volatility
GF vs. MGHYX - Volatility Comparison
The New Germany Fund (GF) has a higher volatility of 5.23% compared to DWS Global High Income Fund (MGHYX) at 0.80%. This indicates that GF'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
| GF | MGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 0.80% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 2.31% | +14.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 3.13% | +16.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 5.09% | +15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 5.84% | +14.74% |
GF vs. MGHYX - Expense Ratio Comparison
GF has a 0.01% expense ratio, which is lower than MGHYX's 0.60% expense ratio.
Dividends
GF vs. MGHYX - Dividend Comparison
GF's dividend yield for the trailing twelve months is around 2.53%, less than MGHYX's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | 2.53% | 1.30% | 0.92% | 0.80% | 9.74% | 39.51% | 12.92% | 3.29% | 31.23% | 3.82% | 9.05% | 8.37% |
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
GF and MGHYX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GF has higher volatility (5.23%) compared to MGHYX (0.80%). In terms of maximum drawdown, GF dropped -85.97% vs MGHYX's -53.47%.
MGHYX currently has the higher Sharpe Ratio (1.75 vs -0.12), 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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