MGINX vs. VOO
Compare and contrast key facts about DWS Global Macro Fund (MGINX) and Vanguard S&P 500 ETF (VOO).
MGINX is managed by DWS. It was launched on May 14, 1995. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
MGINX vs. VOO - Performance Comparison
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MGINX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | -1.25% | 14.73% | 3.56% | 9.15% | -6.87% | 6.36% | 2.26% | 12.61% | 0.33% | 13.65% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, MGINX achieves a -1.25% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, MGINX has underperformed VOO with an annualized return of 5.73%, while VOO has yielded a comparatively higher 14.05% annualized return.
MGINX
- 1D
- 0.27%
- 1M
- -6.76%
- YTD
- -1.25%
- 6M
- 1.48%
- 1Y
- 10.33%
- 3Y*
- 6.80%
- 5Y*
- 4.05%
- 10Y*
- 5.73%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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MGINX vs. VOO - Expense Ratio Comparison
MGINX has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
MGINX vs. VOO — Risk / Return Rank
MGINX
VOO
MGINX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global Macro Fund (MGINX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.98 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.50 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.53 | -0.03 |
Martin ratioReturn relative to average drawdown | 6.88 | 7.29 | -0.42 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.98 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.70 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.83 | -0.37 |
Correlation
The correlation between MGINX and VOO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MGINX vs. VOO - Dividend Comparison
MGINX's dividend yield for the trailing twelve months is around 2.29%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | 2.29% | 1.82% | 2.15% | 2.88% | 4.76% | 1.20% | 0.81% | 3.23% | 6.82% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
MGINX vs. VOO - Drawdown Comparison
The maximum MGINX drawdown since its inception was -63.39%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MGINX and VOO.
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Drawdown Indicators
| MGINX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.39% | -33.99% | -29.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -11.98% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -12.16% | -24.52% | +12.36% |
Max Drawdown (10Y)Largest decline over 10 years | -15.12% | -33.99% | +18.87% |
Current DrawdownCurrent decline from peak | -6.76% | -6.29% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -3.72% | -10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.52% | -0.99% |
Volatility
MGINX vs. VOO - Volatility Comparison
The current volatility for DWS Global Macro Fund (MGINX) is 2.96%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that MGINX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGINX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 5.29% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.67% | 9.44% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 18.10% | -10.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 16.82% | -10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 17.99% | -10.50% |