KCTAX vs. SCGSX
KCTAX (DWS California Tax) and SCGSX (DWS Capital Growth Fund) are both mutual funds - KCTAX is a Municipal Bonds fund managed by DWS, while SCGSX is a Large Cap Growth Equities fund managed by DWS. Over the past 10 years, KCTAX returned 1.51%/yr vs 15.92%/yr for SCGSX. At a correlation of -0.05, they often move in opposite directions. KCTAX charges 0.76%/yr vs 0.66%/yr for SCGSX.
Performance
KCTAX vs. SCGSX - Performance Comparison
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Returns By Period
In the year-to-date period, KCTAX achieves a 1.92% return, which is significantly lower than SCGSX's 4.40% return. Over the past 10 years, KCTAX has underperformed SCGSX with an annualized return of 1.51%, while SCGSX has yielded a comparatively higher 15.92% annualized return.
KCTAX
- 1D
- 0.15%
- 1M
- 1.99%
- YTD
- 1.92%
- 6M
- 2.38%
- 1Y
- 7.34%
- 3Y*
- 3.50%
- 5Y*
- -0.01%
- 10Y*
- 1.51%
SCGSX
- 1D
- 1.91%
- 1M
- 0.62%
- YTD
- 4.40%
- 6M
- 4.19%
- 1Y
- 15.25%
- 3Y*
- 18.08%
- 5Y*
- 9.89%
- 10Y*
- 15.92%
KCTAX vs. SCGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KCTAX DWS California Tax | 1.92% | 3.45% | 1.92% | 5.44% | -12.10% | 1.93% | 3.78% | 8.99% | 0.22% | 5.16% |
SCGSX DWS Capital Growth Fund | 4.40% | 12.34% | 26.27% | 38.61% | -30.88% | 22.41% | 38.60% | 36.98% | -1.96% | 26.27% |
Correlation
The correlation between KCTAX and SCGSX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.05 |
The correlation between KCTAX and SCGSX shifts across timeframes, from -0.05 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KCTAX vs. SCGSX — Risk / Return Rank
KCTAX
SCGSX
KCTAX vs. SCGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS California Tax (KCTAX) 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.
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.
| KCTAX | SCGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.16 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.81 | +1.55 |
| Martin ratioReturn relative to average drawdown | 7.85 | 2.58 | +5.27 |
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Drawdowns
KCTAX vs. SCGSX - Drawdown Comparison
The maximum KCTAX drawdown since its inception was -17.87%, smaller than the maximum SCGSX drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for KCTAX and SCGSX.
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Drawdown Indicators
| KCTAX | SCGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -50.63% | +32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -18.09% | +14.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -21.75% | +14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -35.81% | +17.94% |
Max Drawdown (10Y)Largest decline over 10 years | -17.87% | -35.81% | +17.94% |
Current DrawdownCurrent decline from peak | -1.04% | -3.25% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -12.78% | +10.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 5.66% | -4.72% |
Volatility
KCTAX vs. SCGSX - Volatility Comparison
The current volatility for DWS California Tax (KCTAX) is 0.81%, while DWS Capital Growth Fund (SCGSX) has a volatility of 7.22%. This indicates that KCTAX experiences smaller price fluctuations and is considered to be less risky than SCGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCTAX | SCGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 7.22% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 13.74% | -11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 16.80% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 20.99% | -16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 20.58% | -16.31% |
KCTAX vs. SCGSX - Expense Ratio Comparison
KCTAX has a 0.76% expense ratio, which is higher than SCGSX's 0.66% expense ratio.
Dividends
KCTAX vs. SCGSX - Dividend Comparison
KCTAX's dividend yield for the trailing twelve months is around 3.04%, less than SCGSX's 7.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCTAX DWS California Tax | 3.04% | 3.48% | 2.82% | 2.22% | 1.91% | 3.13% | 3.95% | 5.11% | 3.04% | 3.01% | 3.46% | 3.69% |
SCGSX DWS Capital Growth Fund | 7.30% | 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
KCTAX and SCGSX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCGSX has higher volatility (7.22%) compared to KCTAX (0.81%). In terms of maximum drawdown, KCTAX dropped -17.87% vs SCGSX's -50.63%.
KCTAX currently has the higher Sharpe Ratio (2.31 vs 0.87), 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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