SCDGX vs. PLUSX

Last updated Jun 4, 2026

SCDGX (DWS Core Equity Fund) and PLUSX (DWS Multi-Asset Moderate Allocation Fund) are both mutual funds - SCDGX is a Large Cap Blend Equities fund managed by DWS, while PLUSX is a Diversified Portfolio fund managed by DWS. Over the past 10 years, SCDGX returned 15.11%/yr vs 7.65%/yr for PLUSX. With a 0.95 correlation, they move nearly in lockstep. SCDGX charges 0.55%/yr vs 0.60%/yr for PLUSX.

Performance

SCDGX vs. PLUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Core Equity Fund (SCDGX) 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, SCDGX achieves a 12.07% return, which is significantly higher than PLUSX's 8.80% return. Over the past 10 years, SCDGX has outperformed PLUSX with an annualized return of 15.11%, while PLUSX has yielded a comparatively lower 7.65% annualized return.

SCDGX

• 1D: -0.05%
• 1M: 6.28%
• YTD: 12.07%
• 6M: 12.08%
• 1Y: 30.54%
• 3Y*: 21.23%
• 5Y*: 13.23%
• 10Y*: 15.11%

PLUSX

• 1D: 0.35%
• 1M: 3.77%
• YTD: 8.80%
• 6M: 9.22%
• 1Y: 19.50%
• 3Y*: 13.08%
• 5Y*: 6.21%
• 10Y*: 7.65%

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

SCDGX vs. PLUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCDGX DWS Core Equity Fund	12.07%	16.32%	20.01%	25.55%	-15.61%	25.54%	16.14%	35.68%	-6.06%	21.52%
PLUSX DWS Multi-Asset Moderate Allocation Fund	8.80%	13.39%	8.31%	13.89%	-14.98%	13.24%	8.21%	19.71%	-7.64%	13.81%

Correlation

The correlation between SCDGX and PLUSX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 3, 2004	0.95

The correlation between SCDGX and PLUSX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

SCDGX vs. PLUSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCDGX

SCDGX Risk / Return Rank: 76
SCDGX Sharpe Ratio Rank: 81
SCDGX Sortino Ratio Rank: 75
SCDGX Omega Ratio Rank: 72
SCDGX Calmar Ratio Rank: 74
SCDGX Martin Ratio Rank: 78

PLUSX

PLUSX Risk / Return Rank: 66
PLUSX Sharpe Ratio Rank: 68
PLUSX Sortino Ratio Rank: 67
PLUSX Omega Ratio Rank: 67
PLUSX Calmar Ratio Rank: 61
PLUSX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCDGX vs. PLUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Core Equity Fund (SCDGX) 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.

	SCDGX	PLUSX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.41	+0.22
Sortino ratio: Return per unit of downside risk	3.61	3.42	+0.19
Omega ratio: Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio: Return relative to maximum drawdown	3.36	2.99	+0.36
Martin ratio: Return relative to average drawdown	14.63	13.09	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCDGX vs. PLUSX - Sharpe Ratio Comparison

The current SCDGX Sharpe Ratio is 2.63, which is comparable to the PLUSX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SCDGX 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.

Sharpe Ratios by Period

	SCDGX	PLUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.41	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.58	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.67	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.39	+0.15

Drawdowns

SCDGX vs. PLUSX - Drawdown Comparison

The maximum SCDGX drawdown since its inception was -55.85%, roughly equal to the maximum PLUSX drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for SCDGX and PLUSX.

Drawdown Indicators

	SCDGX	PLUSX	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-53.39%	-2.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-6.63%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.72%	-11.31%	-9.41%
Max Drawdown (5Y) Largest decline over 5 years	-22.77%	-20.77%	-2.00%
Max Drawdown (10Y) Largest decline over 10 years	-35.07%	-25.65%	-9.42%
Current Drawdown Current decline from peak	-0.05%	0.00%	-0.05%
Average Drawdown Average peak-to-trough decline	-8.57%	-7.51%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.51%	+0.64%

Volatility

SCDGX vs. PLUSX - Volatility Comparison

DWS Core Equity Fund (SCDGX) has a higher volatility of 3.23% compared to DWS Multi-Asset Moderate Allocation Fund (PLUSX) at 2.63%. This indicates that SCDGX's price experiences larger fluctuations and is considered to be riskier than PLUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDGX	PLUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.63%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	6.46%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	8.24%	+3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	10.75%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	11.39%	+7.01%

SCDGX vs. PLUSX - Expense Ratio Comparison

SCDGX has a 0.55% expense ratio, which is lower than PLUSX's 0.60% expense ratio.

Dividends

SCDGX vs. PLUSX - Dividend Comparison

SCDGX's dividend yield for the trailing twelve months is around 9.49%, more than PLUSX's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLUSX DWS Multi-Asset Moderate Allocation Fund	2.48%	2.70%	41.59%	5.78%	2.99%	9.67%	4.22%	5.80%	5.55%	5.58%	6.05%	10.87%
SCDGX DWS Core Equity Fund	9.49%	10.50%	9.11%	5.12%	9.28%	14.09%	6.70%	8.88%	14.12%	6.15%	6.92%	8.72%

Frequently Asked Questions

Can I hold both SCDGX and PLUSX in my portfolio?

With a correlation of 0.93, SCDGX and PLUSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCDGX or PLUSX?

SCDGX has higher volatility (3.23%) compared to PLUSX (2.63%). In terms of maximum drawdown, SCDGX dropped -55.85% vs PLUSX's -53.39%.

Which has better risk-adjusted returns?

SCDGX currently has the higher Sharpe Ratio (2.63 vs 2.41), 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.