MGINX vs. SGSCX
MGINX (DWS Global Macro Fund) and SGSCX (DWS Global Small Cap Fund) are both mutual funds - MGINX is a Tactical Allocation fund managed by DWS, while SGSCX is a Global Equities fund managed by DWS. Over the past 10 years, MGINX returned 5.61%/yr vs 8.38%/yr for SGSCX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MGINX charges 0.79%/yr vs 1.12%/yr for SGSCX.
Performance
MGINX vs. SGSCX - Performance Comparison
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Returns By Period
In the year-to-date period, MGINX achieves a 4.12% return, which is significantly lower than SGSCX's 19.73% return. Over the past 10 years, MGINX has underperformed SGSCX with an annualized return of 5.61%, while SGSCX has yielded a comparatively higher 8.38% annualized return.
MGINX
- 1D
- 0.68%
- 1M
- 0.94%
- 6M
- 1.18%
- YTD
- 4.12%
- 1Y
- 11.01%
- 3Y*
- 8.47%
- 5Y*
- 4.69%
- 10Y*
- 5.61%
- ALL TIME*
- 8.00%
SGSCX
- 1D
- 1.36%
- 1M
- -0.76%
- 6M
- 10.15%
- YTD
- 19.73%
- 1Y
- 35.57%
- 3Y*
- 17.16%
- 5Y*
- 7.94%
- 10Y*
- 8.38%
- ALL TIME*
- 8.75%
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. SGSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | 4.12% | 14.73% | 3.56% | 9.15% | -6.87% | 6.36% | 2.26% | 12.61% | 0.33% | 13.65% |
SGSCX DWS Global Small Cap Fund | 19.73% | 20.22% | 5.35% | 24.62% | -24.63% | 15.10% | 16.98% | 22.29% | -21.96% | 19.80% |
Correlation
The correlation between MGINX and SGSCX is 0.75, 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. | 0.75 |
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. | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 15, 1995 | 0.75 |
The correlation between MGINX and SGSCX has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
MGINX vs. SGSCX — Risk / Return Rank
MGINX
SGSCX
MGINX vs. SGSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global Macro Fund (MGINX) and DWS Global Small Cap Fund (SGSCX). 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 | SGSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 4.00 | -2.41 |
| Martin ratioReturn relative to average drawdown | 5.08 | 14.00 | -8.92 |
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Drawdowns
MGINX vs. SGSCX - Drawdown Comparison
The maximum MGINX drawdown since its inception was -63.39%, roughly equal to the maximum SGSCX drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for MGINX and SGSCX.
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Drawdown Indicators
| MGINX | SGSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.39% | -62.26% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -9.54% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -7.41% | -22.37% | +14.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.16% | -33.72% | +21.56% |
Max Drawdown (10Y)Largest decline over 10 years | -15.12% | -45.98% | +30.86% |
Current DrawdownCurrent decline from peak | -1.69% | -3.05% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -14.06% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.72% | -0.40% |
Volatility
MGINX vs. SGSCX - Volatility Comparison
The current volatility for DWS Global Macro Fund (MGINX) is 2.16%, while DWS Global Small Cap Fund (SGSCX) has a volatility of 4.96%. This indicates that MGINX experiences smaller price fluctuations and is considered to be less risky than SGSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGINX | SGSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 4.96% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 12.90% | -5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.12% | 16.52% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 19.01% | -12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 19.40% | -12.22% |
MGINX vs. SGSCX - Expense Ratio Comparison
MGINX has a 0.79% expense ratio, which is lower than SGSCX's 1.12% expense ratio.
Dividends
MGINX vs. SGSCX - Dividend Comparison
MGINX's dividend yield for the trailing twelve months is around 1.77%, less than SGSCX's 8.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | 1.77% | 1.82% | 2.15% | 2.88% | 4.76% | 1.20% | 0.81% | 3.23% | 6.82% | 0.00% | 0.00% | 0.00% |
SGSCX DWS Global Small Cap Fund | 8.66% | 10.37% | 6.35% | 5.12% | 5.42% | 16.72% | 0.36% | 0.29% | 18.31% | 11.13% | 7.52% | 6.04% |
Frequently Asked Questions
MGINX and SGSCX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGSCX has higher volatility (4.96%) compared to MGINX (2.16%). In terms of maximum drawdown, MGINX dropped -63.39% vs SGSCX's -62.26%.
SGSCX currently has the higher Sharpe Ratio (2.32 vs 1.46), 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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