MGINX vs. SCPIX
MGINX (DWS Global Macro Fund) and SCPIX (DWS S&P 500 Index Fund) are both mutual funds - MGINX is a Tactical Allocation fund managed by DWS, while SCPIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MGINX returned 5.65%/yr vs 15.07%/yr for SCPIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. MGINX charges 0.79%/yr vs 0.29%/yr for SCPIX.
Performance
MGINX vs. SCPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGINX achieves a 3.41% return, which is significantly lower than SCPIX's 9.67% return. Over the past 10 years, MGINX has underperformed SCPIX with an annualized return of 5.65%, while SCPIX has yielded a comparatively higher 15.07% 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%
SCPIX
- 1D
- 0.70%
- 1M
- 0.12%
- 6M
- 7.54%
- YTD
- 9.67%
- 1Y
- 20.82%
- 3Y*
- 18.89%
- 5Y*
- 12.41%
- 10Y*
- 15.07%
- ALL TIME*
- 8.99%
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 |
MGINX vs. SCPIX - 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% |
SCPIX DWS S&P 500 Index Fund | 9.67% | 17.21% | 24.65% | 25.97% | -18.46% | 27.85% | 18.21% | 34.99% | -4.58% | 21.43% |
Correlation
The correlation between MGINX and SCPIX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.65 |
The correlation between MGINX and SCPIX shifts across timeframes, from 0.65 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGINX vs. SCPIX — Risk / Return Rank
MGINX
SCPIX
MGINX vs. SCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global Macro Fund (MGINX) and DWS S&P 500 Index Fund (SCPIX). 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 | SCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.08 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.80 | 8.92 | -4.12 |
Loading charts...
Drawdowns
MGINX vs. SCPIX - Drawdown Comparison
The maximum MGINX drawdown since its inception was -63.39%, which is greater than SCPIX's maximum drawdown of -55.46%. Use the drawdown chart below to compare losses from any high point for MGINX and SCPIX.
Loading charts...
Drawdown Indicators
| MGINX | SCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.39% | -55.46% | -7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -9.17% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -7.41% | -18.99% | +11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -12.16% | -24.66% | +12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -15.12% | -33.85% | +18.73% |
Current DrawdownCurrent decline from peak | -2.36% | -1.47% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -10.58% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.13% | +0.19% |
Volatility
MGINX vs. SCPIX - Volatility Comparison
The current volatility for DWS Global Macro Fund (MGINX) is 2.19%, while DWS S&P 500 Index Fund (SCPIX) has a volatility of 3.51%. This indicates that MGINX experiences smaller price fluctuations and is considered to be less risky than SCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGINX | SCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 3.51% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.94% | 10.03% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.08% | 12.88% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 16.96% | -10.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 18.12% | -10.95% |
MGINX vs. SCPIX - Expense Ratio Comparison
MGINX has a 0.79% expense ratio, which is higher than SCPIX's 0.29% expense ratio.
Dividends
MGINX vs. SCPIX - Dividend Comparison
MGINX's dividend yield for the trailing twelve months is around 1.78%, less than SCPIX's 4.86% 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% |
SCPIX DWS S&P 500 Index Fund | 4.86% | 4.09% | 5.65% | 7.18% | 5.57% | 5.28% | 6.91% | 7.88% | 8.14% | 6.05% | 4.83% | 4.04% |
Frequently Asked Questions
MGINX and SCPIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCPIX has higher volatility (3.51%) compared to MGINX (2.19%). In terms of maximum drawdown, MGINX dropped -63.39% vs SCPIX's -55.46%.
SCPIX currently has the higher Sharpe Ratio (1.48 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.
Find the right allocation for MGINX and SCPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer