MGINX vs. PLUSX

Last updated Aug 4, 2026

MGINX (DWS Global Macro Fund) and PLUSX (DWS Multi-Asset Moderate Allocation Fund) are both mutual funds - MGINX is a Tactical Allocation fund managed by DWS, while PLUSX is a Diversified Portfolio fund managed by DWS. Over the past 10 years, MGINX returned 5.65%/yr vs 7.22%/yr for PLUSX. Their correlation of 0.84 means they have usually moved in the same direction. MGINX charges 0.79%/yr vs 0.60%/yr for PLUSX.

Performance

MGINX vs. PLUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Global Macro Fund (MGINX) and DWS Multi-Asset Moderate Allocation Fund (PLUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGINX achieves a 3.41% return, which is significantly lower than PLUSX's 6.89% return. Over the past 10 years, MGINX has underperformed PLUSX with an annualized return of 5.65%, while PLUSX has yielded a comparatively higher 7.22% annualized return.

MGINX

• 1D: 0.26%
• 1M: 0.26%
• 6M: 0.92%
• YTD: 3.41%
• 1Y: 10.97%
• 3Y*: 7.89%
• 5Y*: 4.62%
• 10Y*: 5.65%
• ALL TIME*: 7.97%

PLUSX

• 1D: 0.48%
• 1M: -0.71%
• 6M: 4.49%
• YTD: 6.89%
• 1Y: 14.89%
• 3Y*: 11.12%
• 5Y*: 5.50%
• 10Y*: 7.22%
• ALL TIME*: 5.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGINX DWS Global Macro Fund	$0.00	$0.00	$0.00
PLUSX DWS Multi-Asset Moderate Allocation Fund	$0.00	$0.00	$0.00

MGINX vs. PLUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGINX DWS Global Macro Fund	3.41%	14.73%	3.56%	9.15%	-6.87%	6.36%	2.26%	12.61%	0.33%	13.65%
PLUSX DWS Multi-Asset Moderate Allocation Fund	6.89%	13.39%	8.31%	13.89%	-14.98%	13.24%	8.21%	19.71%	-7.64%	13.81%

Correlation

The correlation between MGINX and PLUSX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Nov 2, 2004	0.84

The correlation between MGINX and PLUSX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

MGINX vs. PLUSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MGINX

MGINX Risk / Return Rank: 38
MGINX Sharpe Ratio Rank: 45
MGINX Sortino Ratio Rank: 41
MGINX Omega Ratio Rank: 44
MGINX Calmar Ratio Rank: 32
MGINX Martin Ratio Rank: 31

PLUSX

PLUSX Risk / Return Rank: 58
PLUSX Sharpe Ratio Rank: 58
PLUSX Sortino Ratio Rank: 55
PLUSX Omega Ratio Rank: 58
PLUSX Calmar Ratio Rank: 56
PLUSX Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MGINX vs. PLUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Global Macro Fund (MGINX) and DWS Multi-Asset Moderate Allocation Fund (PLUSX). 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.

	MGINX	PLUSX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.57	-0.18
Sortino ratio: Return per unit of downside risk	1.92	2.21	-0.29
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.51	2.15	-0.64
Martin ratio: Return relative to average drawdown	4.80	8.72	-3.92

MGINX vs. PLUSX - Sharpe Ratio Comparison

The current MGINX Sharpe Ratio is 1.38, which is comparable to the PLUSX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of MGINX and PLUSX, 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

MGINX vs. PLUSX - Drawdown Comparison

The maximum MGINX drawdown since its inception was -63.39%, which is greater than PLUSX's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for MGINX and PLUSX.

Drawdown Indicators

	MGINX	PLUSX	Difference
Max Drawdown Largest peak-to-trough decline	-63.39%	-53.39%	-10.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-6.63%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-7.41%	-11.31%	+3.90%
Max Drawdown (5Y) Largest decline over 5 years	-12.16%	-20.77%	+8.61%
Max Drawdown (10Y) Largest decline over 10 years	-15.12%	-25.65%	+10.53%
Current Drawdown Current decline from peak	-2.36%	-1.76%	-0.60%
Average Drawdown Average peak-to-trough decline	-13.71%	-7.46%	-6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.63%	+0.69%

Volatility

MGINX vs. PLUSX - Volatility Comparison

The current volatility for DWS Global Macro Fund (MGINX) is 2.19%, while DWS Multi-Asset Moderate Allocation Fund (PLUSX) has a volatility of 2.76%. This indicates that MGINX experiences smaller price fluctuations and is considered to be less risky than PLUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGINX	PLUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	2.76%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	6.94%	7.48%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	8.08%	9.10%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.96%	10.87%	-3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.17%	11.42%	-4.25%

MGINX vs. PLUSX - Expense Ratio Comparison

MGINX has a 0.79% expense ratio, which is higher than PLUSX's 0.60% expense ratio.

Dividends

MGINX vs. PLUSX - Dividend Comparison

MGINX's dividend yield for the trailing twelve months is around 1.78%, less than PLUSX's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGINX DWS Global Macro Fund	1.78%	1.82%	2.15%	2.88%	4.76%	1.20%	0.81%	3.23%	6.82%	0.00%	0.00%	0.00%
PLUSX DWS Multi-Asset Moderate Allocation Fund	2.53%	2.70%	41.59%	5.78%	2.99%	9.67%	4.22%	5.80%	5.55%	5.58%	6.05%	10.87%

Frequently Asked Questions

Can I hold both MGINX and PLUSX in my portfolio?

MGINX and PLUSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGINX or PLUSX?

PLUSX has higher volatility (2.76%) compared to MGINX (2.19%). In terms of maximum drawdown, MGINX dropped -63.39% vs PLUSX's -53.39%.

Which has better risk-adjusted returns?

PLUSX currently has the higher Sharpe Ratio (1.57 vs 1.38), 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.