MGINX vs. SCPIX
Compare and contrast key facts about DWS Global Macro Fund (MGINX) and DWS S&P 500 Index Fund (SCPIX).
MGINX is managed by DWS. It was launched on May 14, 1995. SCPIX is a passively managed fund by DWS that tracks the performance of the S&P 500 Index. It was launched on Aug 29, 1997.
Performance
MGINX vs. SCPIX - Performance Comparison
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MGINX vs. SCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | 0.35% | 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 | -4.40% | 17.21% | 24.65% | 25.97% | -18.46% | 27.85% | 18.21% | 34.99% | -4.58% | 21.43% |
Returns By Period
In the year-to-date period, MGINX achieves a 0.35% return, which is significantly higher than SCPIX's -4.40% return. Over the past 10 years, MGINX has underperformed SCPIX with an annualized return of 5.90%, while SCPIX has yielded a comparatively higher 13.98% annualized return.
MGINX
- 1D
- 1.61%
- 1M
- -4.70%
- YTD
- 0.35%
- 6M
- 2.57%
- 1Y
- 11.90%
- 3Y*
- 7.37%
- 5Y*
- 4.26%
- 10Y*
- 5.90%
SCPIX
- 1D
- 2.93%
- 1M
- -5.04%
- YTD
- -4.40%
- 6M
- -2.28%
- 1Y
- 17.00%
- 3Y*
- 17.87%
- 5Y*
- 11.31%
- 10Y*
- 13.98%
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MGINX vs. SCPIX - Expense Ratio Comparison
MGINX has a 0.79% expense ratio, which is higher than SCPIX's 0.29% expense ratio.
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.
| MGINX | SCPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.97 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.52 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.30 | +0.43 |
Martin ratioReturn relative to average drawdown | 7.72 | 6.24 | +1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGINX | SCPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.97 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.68 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.78 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.44 | +0.02 |
Correlation
The correlation between MGINX and SCPIX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MGINX vs. SCPIX - Dividend Comparison
MGINX's dividend yield for the trailing twelve months is around 2.25%, less than SCPIX's 4.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | 2.25% | 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 | 4.55% | 4.09% | 5.65% | 7.18% | 5.57% | 5.28% | 6.91% | 7.88% | 8.14% | 6.05% | 4.83% | 4.04% |
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.
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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 | -7.01% | -12.13% | +5.12% |
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 | -5.25% | -6.27% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -10.69% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.53% | -0.96% |
Volatility
MGINX vs. SCPIX - Volatility Comparison
The current volatility for DWS Global Macro Fund (MGINX) is 3.52%, while DWS S&P 500 Index Fund (SCPIX) has a volatility of 5.16%. 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.
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Volatility by Period
| MGINX | SCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 5.16% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 9.48% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.03% | 18.08% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 16.86% | -10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 18.10% | -10.60% |