KHYAX vs. CWFIX
KHYAX (DWS High Income Fund) and CWFIX (Chartwell Short Duration High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, KHYAX returned 5.27%/yr vs 4.00%/yr for CWFIX. A 0.74 correlation means they provide meaningful diversification when combined. KHYAX charges 0.94%/yr vs 0.49%/yr for CWFIX.
Performance
KHYAX vs. CWFIX - Performance Comparison
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Returns By Period
In the year-to-date period, KHYAX achieves a 1.45% return, which is significantly lower than CWFIX's 1.61% return. Over the past 10 years, KHYAX has outperformed CWFIX with an annualized return of 5.27%, while CWFIX has yielded a comparatively lower 4.00% annualized return.
KHYAX
- 1D
- -0.22%
- 1M
- 0.45%
- YTD
- 1.45%
- 6M
- 1.67%
- 1Y
- 6.54%
- 3Y*
- 7.78%
- 5Y*
- 3.74%
- 10Y*
- 5.27%
CWFIX
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- 1.61%
- 6M
- 1.83%
- 1Y
- 5.16%
- 3Y*
- 6.53%
- 5Y*
- 3.92%
- 10Y*
- 4.00%
KHYAX vs. CWFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KHYAX DWS High Income Fund | 1.45% | 7.54% | 7.02% | 11.44% | -9.15% | 3.94% | 5.95% | 14.65% | -2.46% | 7.18% |
CWFIX Chartwell Short Duration High Yield Fund | 1.61% | 6.99% | 5.78% | 7.80% | -3.17% | 2.40% | 4.38% | 7.33% | 0.36% | 3.06% |
Correlation
The correlation between KHYAX and CWFIX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.74 |
The correlation between KHYAX and CWFIX shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KHYAX vs. CWFIX — Risk / Return Rank
KHYAX
CWFIX
KHYAX vs. CWFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS High Income Fund (KHYAX) and Chartwell Short Duration High Yield Fund (CWFIX). 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.
| KHYAX | CWFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.96 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 4.68 | -2.18 |
| Martin ratioReturn relative to average drawdown | 12.65 | 25.02 | -12.38 |
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Drawdowns
KHYAX vs. CWFIX - Drawdown Comparison
The maximum KHYAX drawdown since its inception was -31.54%, which is greater than CWFIX's maximum drawdown of -12.41%. Use the drawdown chart below to compare losses from any high point for KHYAX and CWFIX.
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Drawdown Indicators
| KHYAX | CWFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.54% | -12.41% | -19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -1.13% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.49% | -1.37% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -13.22% | -6.36% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -12.41% | -10.01% |
Current DrawdownCurrent decline from peak | -0.22% | -0.10% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -0.85% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.21% | +0.32% |
Volatility
KHYAX vs. CWFIX - Volatility Comparison
DWS High Income Fund (KHYAX) has a higher volatility of 0.94% compared to Chartwell Short Duration High Yield Fund (CWFIX) at 0.37%. This indicates that KHYAX's price experiences larger fluctuations and is considered to be riskier than CWFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KHYAX | CWFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.37% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 1.21% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 1.51% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 2.77% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 3.09% | +2.78% |
KHYAX vs. CWFIX - Expense Ratio Comparison
KHYAX has a 0.94% expense ratio, which is higher than CWFIX's 0.49% expense ratio.
Dividends
KHYAX vs. CWFIX - Dividend Comparison
KHYAX's dividend yield for the trailing twelve months is around 5.46%, more than CWFIX's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWFIX Chartwell Short Duration High Yield Fund | 5.15% | 5.17% | 5.09% | 4.41% | 3.17% | 2.79% | 3.38% | 3.60% | 3.24% | 2.82% | 3.79% | 3.32% |
KHYAX DWS High Income Fund | 5.46% | 5.41% | 6.08% | 5.70% | 5.33% | 4.50% | 4.47% | 4.86% | 5.67% | 5.24% | 5.03% | 5.84% |
Frequently Asked Questions
KHYAX and CWFIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KHYAX has higher volatility (0.94%) compared to CWFIX (0.37%). In terms of maximum drawdown, KHYAX dropped -31.54% vs CWFIX's -12.41%.
CWFIX currently has the higher Sharpe Ratio (3.51 vs 2.26), 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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