MGHYX vs. CBFSX
MGHYX (DWS Global High Income Fund) and CBFSX (JPMorgan Corporate Bond Fund) are both mutual funds - MGHYX is a High Yield Bonds fund managed by DWS, while CBFSX is a Corporate Bonds fund managed by JPMorgan. Over the past 10 years, MGHYX returned 4.78%/yr vs 2.44%/yr for CBFSX. Their 0.31 correlation means their historical movements had little consistent relationship. MGHYX charges 0.60%/yr vs 0.50%/yr for CBFSX.
Performance
MGHYX vs. CBFSX - Performance Comparison
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Returns By Period
In the year-to-date period, MGHYX achieves a 1.59% return, which is significantly higher than CBFSX's -1.58% return. Over the past 10 years, MGHYX has outperformed CBFSX with an annualized return of 4.78%, while CBFSX has yielded a comparatively lower 2.44% annualized return.
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%
CBFSX
- 1D
- 0.12%
- 1M
- -1.62%
- 6M
- -1.94%
- YTD
- -1.58%
- 1Y
- 1.06%
- 3Y*
- 4.48%
- 5Y*
- -0.28%
- 10Y*
- 2.44%
- ALL TIME*
- 2.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGHYX vs. CBFSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CBFSX JPMorgan Corporate Bond Fund | -1.58% | 7.45% | 2.71% | 9.20% | -16.06% | -0.77% | 10.23% | 15.05% | -2.31% | 6.89% |
Correlation
The correlation between MGHYX and CBFSX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.31 |
The correlation between MGHYX and CBFSX shifts across timeframes, from 0.31 (all time) to 0.53 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MGHYX vs. CBFSX — Risk / Return Rank
MGHYX
CBFSX
MGHYX vs. CBFSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global High Income Fund (MGHYX) and JPMorgan Corporate Bond Fund (CBFSX). 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.
| MGHYX | CBFSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.07 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.51 | +1.52 |
| Martin ratioReturn relative to average drawdown | 8.49 | 1.21 | +7.28 |
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Drawdowns
MGHYX vs. CBFSX - Drawdown Comparison
The maximum MGHYX drawdown since its inception was -53.47%, which is greater than CBFSX's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for MGHYX and CBFSX.
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Drawdown Indicators
| MGHYX | CBFSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.47% | -22.42% | -31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -3.49% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.33% | -5.41% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -22.42% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -21.84% | -22.42% | +0.58% |
Current DrawdownCurrent decline from peak | -0.56% | -3.33% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -23.99% | -4.33% | -19.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.47% | -0.83% |
Volatility
MGHYX vs. CBFSX - Volatility Comparison
The current volatility for DWS Global High Income Fund (MGHYX) is 0.80%, while JPMorgan Corporate Bond Fund (CBFSX) has a volatility of 1.17%. This indicates that MGHYX experiences smaller price fluctuations and is considered to be less risky than CBFSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGHYX | CBFSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 1.17% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 3.29% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 4.21% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 6.64% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 6.01% | -0.17% |
MGHYX vs. CBFSX - Expense Ratio Comparison
MGHYX has a 0.60% expense ratio, which is higher than CBFSX's 0.50% expense ratio.
Dividends
MGHYX vs. CBFSX - Dividend Comparison
MGHYX's dividend yield for the trailing twelve months is around 5.81%, more than CBFSX's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 4.20% | 4.54% | 4.99% | 4.18% | 4.06% | 7.96% | 3.74% | 3.14% | 4.55% | 6.78% | 3.11% | 3.11% |
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
MGHYX and CBFSX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBFSX has higher volatility (1.17%) compared to MGHYX (0.80%). In terms of maximum drawdown, MGHYX dropped -53.47% vs CBFSX's -22.42%.
MGHYX currently has the higher Sharpe Ratio (1.75 vs 0.42), 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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