IEVAX vs. SGSCX

Last updated Jun 6, 2026

IEVAX (Columbia Global Value Fund) and SGSCX (DWS Global Small Cap Fund) are both Global Equities funds. Over the past 10 years, IEVAX returned 10.27%/yr vs 8.36%/yr for SGSCX. A 0.79 correlation means they provide meaningful diversification when combined. IEVAX charges 1.13%/yr vs 1.12%/yr for SGSCX.

Performance

IEVAX vs. SGSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Global Value Fund (IEVAX) and DWS Global Small Cap Fund (SGSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEVAX achieves a 8.89% return, which is significantly lower than SGSCX's 20.64% return. Over the past 10 years, IEVAX has outperformed SGSCX with an annualized return of 10.27%, while SGSCX has yielded a comparatively lower 8.36% annualized return.

IEVAX

• 1D: 0.35%
• 1M: 1.33%
• YTD: 8.89%
• 6M: 9.69%
• 1Y: 25.06%
• 3Y*: 17.16%
• 5Y*: 9.27%
• 10Y*: 10.27%

SGSCX

• 1D: 1.35%
• 1M: 0.51%
• YTD: 20.64%
• 6M: 22.63%
• 1Y: 43.18%
• 3Y*: 21.57%
• 5Y*: 7.85%
• 10Y*: 8.36%

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

IEVAX vs. SGSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEVAX Columbia Global Value Fund	8.89%	21.42%	11.78%	12.00%	-8.52%	20.31%	3.77%	24.55%	-12.22%	21.93%
SGSCX DWS Global Small Cap Fund	20.64%	20.22%	5.35%	24.62%	-24.63%	15.10%	16.98%	22.29%	-21.96%	19.80%

Correlation

The correlation between IEVAX and SGSCX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 21, 1995	0.79

The correlation between IEVAX and SGSCX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

Return for Risk

IEVAX vs. SGSCX — Risk / Return Rank

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

IEVAX

IEVAX Risk / Return Rank: 65
IEVAX Sharpe Ratio Rank: 67
IEVAX Sortino Ratio Rank: 69
IEVAX Omega Ratio Rank: 63
IEVAX Calmar Ratio Rank: 58
IEVAX Martin Ratio Rank: 66

SGSCX

SGSCX Risk / Return Rank: 86
SGSCX Sharpe Ratio Rank: 88
SGSCX Sortino Ratio Rank: 84
SGSCX Omega Ratio Rank: 76
SGSCX Calmar Ratio Rank: 91
SGSCX Martin Ratio Rank: 90

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.

IEVAX vs. SGSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Global Value Fund (IEVAX) and DWS Global Small Cap Fund (SGSCX). 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.

	IEVAX	SGSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.85	-0.52
Sortino ratio: Return per unit of downside risk	3.36	3.93	-0.57
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.06
Calmar ratio: Return relative to maximum drawdown	2.84	4.60	-1.76
Martin ratio: Return relative to average drawdown	12.32	17.50	-5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEVAX vs. SGSCX - Sharpe Ratio Comparison

The current IEVAX Sharpe Ratio is 2.33, which is comparable to the SGSCX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of IEVAX and SGSCX, 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

	IEVAX	SGSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.85	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.42	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.43	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.49	-0.04

Drawdowns

IEVAX vs. SGSCX - Drawdown Comparison

The maximum IEVAX drawdown since its inception was -56.85%, smaller than the maximum SGSCX drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for IEVAX and SGSCX.

Drawdown Indicators

	IEVAX	SGSCX	Difference
Max Drawdown Largest peak-to-trough decline	-56.85%	-62.26%	+5.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-9.54%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-22.37%	+8.25%
Max Drawdown (5Y) Largest decline over 5 years	-20.58%	-33.72%	+13.14%
Max Drawdown (10Y) Largest decline over 10 years	-37.88%	-45.98%	+8.10%
Current Drawdown Current decline from peak	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-8.46%	-14.12%	+5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.50%	-0.48%

Volatility

IEVAX vs. SGSCX - Volatility Comparison

The current volatility for Columbia Global Value Fund (IEVAX) is 2.56%, while DWS Global Small Cap Fund (SGSCX) has a volatility of 5.17%. This indicates that IEVAX experiences smaller price fluctuations and is considered to be less risky than SGSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEVAX	SGSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	5.17%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	11.63%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	15.39%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	18.89%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	19.53%	-2.94%

IEVAX vs. SGSCX - Expense Ratio Comparison

IEVAX has a 1.13% expense ratio, which is higher than SGSCX's 1.12% expense ratio.

Dividends

IEVAX vs. SGSCX - Dividend Comparison

IEVAX's dividend yield for the trailing twelve months is around 9.84%, more than SGSCX's 8.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEVAX Columbia Global Value Fund	9.84%	10.06%	10.32%	6.26%	7.61%	11.24%	8.76%	9.16%	6.75%	1.66%	2.28%	4.68%
SGSCX DWS Global Small Cap Fund	8.60%	10.37%	6.35%	5.12%	5.42%	16.72%	0.36%	0.29%	18.31%	11.13%	7.52%	6.04%

Frequently Asked Questions

Can I hold both IEVAX and SGSCX in my portfolio?

IEVAX and SGSCX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEVAX or SGSCX?

SGSCX has higher volatility (5.17%) compared to IEVAX (2.56%). In terms of maximum drawdown, IEVAX dropped -56.85% vs SGSCX's -62.26%.

Which has better risk-adjusted returns?

SGSCX currently has the higher Sharpe Ratio (2.85 vs 2.33), 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.