MGHYX vs. SCDGX

Last updated Jun 23, 2026

MGHYX (DWS Global High Income Fund) and SCDGX (DWS Core Equity Fund) are both mutual funds - MGHYX is a High Yield Bonds fund managed by DWS, while SCDGX is a Large Cap Blend Equities fund managed by DWS. Over the past 10 years, MGHYX returned 4.96%/yr vs 14.97%/yr for SCDGX. At a 0.33 correlation, their price movements are largely independent. MGHYX charges 0.60%/yr vs 0.55%/yr for SCDGX.

Performance

MGHYX vs. SCDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Global High Income Fund (MGHYX) and DWS Core Equity Fund (SCDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGHYX achieves a 1.59% return, which is significantly lower than SCDGX's 9.70% return. Over the past 10 years, MGHYX has underperformed SCDGX with an annualized return of 4.96%, while SCDGX has yielded a comparatively higher 14.97% annualized return.

MGHYX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.59%
• 6M: 2.43%
• 1Y: 7.41%
• 3Y*: 8.06%
• 5Y*: 3.57%
• 10Y*: 4.96%

SCDGX

• 1D: 0.97%
• 1M: -0.00%
• YTD: 9.70%
• 6M: 9.40%
• 1Y: 26.93%
• 3Y*: 19.12%
• 5Y*: 12.82%
• 10Y*: 14.97%

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

MGHYX vs. SCDGX - 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%
SCDGX DWS Core Equity Fund	9.70%	16.32%	20.01%	25.55%	-15.61%	25.54%	16.14%	35.68%	-6.06%	21.52%

Correlation

The correlation between MGHYX and SCDGX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 16, 1998	0.33

Over the past year, MGHYX and SCDGX have become more correlated (0.60) than their long-term average of 0.33, meaning their price movements have been converging.

Return for Risk

MGHYX vs. SCDGX — Risk / Return Rank

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

MGHYX

MGHYX Risk / Return Rank: 76
MGHYX Sharpe Ratio Rank: 79
MGHYX Sortino Ratio Rank: 91
MGHYX Omega Ratio Rank: 87
MGHYX Calmar Ratio Rank: 57
MGHYX Martin Ratio Rank: 64

SCDGX

SCDGX Risk / Return Rank: 61
SCDGX Sharpe Ratio Rank: 62
SCDGX Sortino Ratio Rank: 57
SCDGX Omega Ratio Rank: 58
SCDGX Calmar Ratio Rank: 61
SCDGX Martin Ratio Rank: 66

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.

MGHYX vs. SCDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Global High Income Fund (MGHYX) and DWS Core Equity Fund (SCDGX). 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	SCDGX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.13	+0.26
Sortino ratio: Return per unit of downside risk	4.14	2.89	+1.24
Omega ratio: Gain probability vs. loss probability	1.56	1.38	+0.18
Calmar ratio: Return relative to maximum drawdown	2.78	2.87	-0.09
Martin ratio: Return relative to average drawdown	11.81	12.05	-0.24

MGHYX vs. SCDGX - Sharpe Ratio Comparison

The current MGHYX Sharpe Ratio is 2.39, which is comparable to the SCDGX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of MGHYX and SCDGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MGHYX vs. SCDGX - Drawdown Comparison

The maximum MGHYX drawdown since its inception was -53.47%, roughly equal to the maximum SCDGX drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for MGHYX and SCDGX.

Drawdown Indicators

	MGHYX	SCDGX	Difference
Max Drawdown Largest peak-to-trough decline	-53.47%	-55.85%	+2.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-9.43%	+6.74%
Max Drawdown (3Y) Largest decline over 3 years	-4.33%	-20.72%	+16.39%
Max Drawdown (5Y) Largest decline over 5 years	-15.93%	-22.77%	+6.84%
Max Drawdown (10Y) Largest decline over 10 years	-21.84%	-35.07%	+13.23%
Current Drawdown Current decline from peak	-0.16%	-2.16%	+2.00%
Average Drawdown Average peak-to-trough decline	-24.08%	-8.56%	-15.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	2.24%	-1.61%

Volatility

MGHYX vs. SCDGX - Volatility Comparison

The current volatility for DWS Global High Income Fund (MGHYX) is 0.84%, while DWS Core Equity Fund (SCDGX) has a volatility of 5.13%. This indicates that MGHYX experiences smaller price fluctuations and is considered to be less risky than SCDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGHYX	SCDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	5.13%	-4.29%
Volatility (6M) Calculated over the trailing 6-month period	2.34%	10.16%	-7.82%
Volatility (1Y) Calculated over the trailing 1-year period	3.13%	12.73%	-9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	17.18%	-12.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.88%	18.44%	-12.56%

MGHYX vs. SCDGX - Expense Ratio Comparison

MGHYX has a 0.60% expense ratio, which is higher than SCDGX's 0.55% expense ratio.

Dividends

MGHYX vs. SCDGX - Dividend Comparison

MGHYX's dividend yield for the trailing twelve months is around 5.69%, less than SCDGX's 9.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGHYX DWS Global High Income Fund	5.69%	7.17%	5.58%	4.35%	5.81%	4.20%	5.81%	5.63%	6.96%	3.76%	0.00%	0.00%
SCDGX DWS Core Equity Fund	9.70%	10.50%	9.11%	5.12%	9.28%	14.09%	6.70%	8.88%	14.12%	6.15%	6.92%	8.72%

Frequently Asked Questions

Can I hold both MGHYX and SCDGX in my portfolio?

MGHYX and SCDGX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGHYX or SCDGX?

SCDGX has higher volatility (5.13%) compared to MGHYX (0.84%). In terms of maximum drawdown, MGHYX dropped -53.47% vs SCDGX's -55.85%.

Which has better risk-adjusted returns?

MGHYX currently has the higher Sharpe Ratio (2.39 vs 2.13), 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.