SCEMX vs. DBLLX

Last updated Jun 4, 2026

SCEMX (DWS Emerging Markets Fixed Income Fund) and DBLLX (DoubleLine Low Duration Emerging Markets Fixed Income Fund) are both Emerging Markets Bonds funds. Over the past 10 years, SCEMX returned 3.62%/yr vs 3.53%/yr for DBLLX. A 0.51 correlation means they provide meaningful diversification when combined. SCEMX charges 0.88%/yr vs 0.59%/yr for DBLLX.

Performance

SCEMX vs. DBLLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Emerging Markets Fixed Income Fund (SCEMX) and DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCEMX achieves a 2.80% return, which is significantly higher than DBLLX's 1.10% return. Both investments have delivered pretty close results over the past 10 years, with SCEMX having a 3.62% annualized return and DBLLX not far behind at 3.53%.

SCEMX

• 1D: 0.13%
• 1M: 1.04%
• YTD: 2.80%
• 6M: 3.07%
• 1Y: 13.03%
• 3Y*: 12.44%
• 5Y*: 1.89%
• 10Y*: 3.62%

DBLLX

• 1D: 0.00%
• 1M: 0.09%
• YTD: 1.10%
• 6M: 1.52%
• 1Y: 5.39%
• 3Y*: 6.99%
• 5Y*: 3.45%
• 10Y*: 3.53%

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

SCEMX vs. DBLLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCEMX DWS Emerging Markets Fixed Income Fund	2.80%	11.92%	10.90%	11.11%	-19.36%	-1.37%	4.62%	14.69%	-6.32%	9.12%
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund	1.10%	7.86%	7.20%	7.00%	-5.05%	-0.21%	3.53%	8.57%	-0.04%	4.20%

Correlation

The correlation between SCEMX and DBLLX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 9, 2014	0.51

The correlation between SCEMX and DBLLX has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Return for Risk

SCEMX vs. DBLLX — Risk / Return Rank

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

SCEMX

SCEMX Risk / Return Rank: 88
SCEMX Sharpe Ratio Rank: 94
SCEMX Sortino Ratio Rank: 96
SCEMX Omega Ratio Rank: 93
SCEMX Calmar Ratio Rank: 76
SCEMX Martin Ratio Rank: 82

DBLLX

DBLLX Risk / Return Rank: 98
DBLLX Sharpe Ratio Rank: 99
DBLLX Sortino Ratio Rank: 99
DBLLX Omega Ratio Rank: 99
DBLLX Calmar Ratio Rank: 95
DBLLX Martin Ratio Rank: 97

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.

SCEMX vs. DBLLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Emerging Markets Fixed Income Fund (SCEMX) and DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX). 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.

	SCEMX	DBLLX	Difference
Sharpe ratio: Return per unit of total volatility	3.31	4.80	-1.48
Sortino ratio: Return per unit of downside risk	5.26	8.78	-3.53
Omega ratio: Gain probability vs. loss probability	1.71	2.63	-0.91
Calmar ratio: Return relative to maximum drawdown	3.44	5.98	-2.54
Martin ratio: Return relative to average drawdown	15.27	27.44	-12.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCEMX vs. DBLLX - Sharpe Ratio Comparison

The current SCEMX Sharpe Ratio is 3.31, which is lower than the DBLLX Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of SCEMX and DBLLX, 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

	SCEMX	DBLLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.31	4.80	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	1.79	-1.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	1.86	-1.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.70	-1.08

Drawdowns

SCEMX vs. DBLLX - Drawdown Comparison

The maximum SCEMX drawdown since its inception was -47.49%, which is greater than DBLLX's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for SCEMX and DBLLX.

Drawdown Indicators

	SCEMX	DBLLX	Difference
Max Drawdown Largest peak-to-trough decline	-47.49%	-10.13%	-37.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.96%	-0.92%	-3.04%
Max Drawdown (3Y) Largest decline over 3 years	-6.56%	-1.35%	-5.21%
Max Drawdown (5Y) Largest decline over 5 years	-34.00%	-10.13%	-23.87%
Max Drawdown (10Y) Largest decline over 10 years	-34.00%	-10.13%	-23.87%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-7.33%	-1.29%	-6.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.20%	+0.69%

Volatility

SCEMX vs. DBLLX - Volatility Comparison

DWS Emerging Markets Fixed Income Fund (SCEMX) has a higher volatility of 1.51% compared to DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) at 0.42%. This indicates that SCEMX's price experiences larger fluctuations and is considered to be riskier than DBLLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCEMX	DBLLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	0.42%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	3.47%	0.90%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	1.15%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	1.94%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.52%	1.90%	+4.62%

SCEMX vs. DBLLX - Expense Ratio Comparison

SCEMX has a 0.88% expense ratio, which is higher than DBLLX's 0.59% expense ratio.

Dividends

SCEMX vs. DBLLX - Dividend Comparison

SCEMX's dividend yield for the trailing twelve months is around 7.48%, more than DBLLX's 5.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund	5.08%	5.27%	4.70%	3.74%	2.41%	2.15%	2.61%	4.93%	2.87%	3.00%	3.19%	3.77%
SCEMX DWS Emerging Markets Fixed Income Fund	7.48%	5.59%	6.60%	6.29%	6.54%	4.83%	4.42%	4.10%	4.26%	3.81%	4.93%	5.11%

Frequently Asked Questions

Can I hold both SCEMX and DBLLX in my portfolio?

SCEMX and DBLLX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCEMX or DBLLX?

SCEMX has higher volatility (1.51%) compared to DBLLX (0.42%). In terms of maximum drawdown, SCEMX dropped -47.49% vs DBLLX's -10.13%.

Which has better risk-adjusted returns?

DBLLX currently has the higher Sharpe Ratio (4.80 vs 3.31), 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.