SCPIX vs. AAAZX
Compare and contrast key facts about DWS S&P 500 Index Fund (SCPIX) and DWS RREEF Real Assets Fund (AAAZX).
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. AAAZX is managed by DWS. It was launched on Jul 29, 2007.
Performance
SCPIX vs. AAAZX - Performance Comparison
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SCPIX vs. AAAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AAAZX DWS RREEF Real Assets Fund | 9.82% | 13.14% | 5.49% | 2.64% | -9.57% | 23.83% | 3.91% | 21.79% | -5.05% | 14.97% |
Returns By Period
In the year-to-date period, SCPIX achieves a -4.40% return, which is significantly lower than AAAZX's 9.82% return. Over the past 10 years, SCPIX has outperformed AAAZX with an annualized return of 13.98%, while AAAZX has yielded a comparatively lower 7.71% annualized return.
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%
AAAZX
- 1D
- 1.03%
- 1M
- -3.57%
- YTD
- 9.82%
- 6M
- 11.98%
- 1Y
- 17.72%
- 3Y*
- 10.49%
- 5Y*
- 7.11%
- 10Y*
- 7.71%
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SCPIX vs. AAAZX - Expense Ratio Comparison
SCPIX has a 0.29% expense ratio, which is lower than AAAZX's 0.90% expense ratio.
Return for Risk
SCPIX vs. AAAZX — Risk / Return Rank
SCPIX
AAAZX
SCPIX vs. AAAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS S&P 500 Index Fund (SCPIX) and DWS RREEF Real Assets Fund (AAAZX). 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.
| SCPIX | AAAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.59 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.13 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.94 | -0.64 |
Martin ratioReturn relative to average drawdown | 6.24 | 10.35 | -4.11 |
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
| SCPIX | AAAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.59 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.59 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.61 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.40 | +0.05 |
Correlation
The correlation between SCPIX and AAAZX is 0.72, 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
SCPIX vs. AAAZX - Dividend Comparison
SCPIX's dividend yield for the trailing twelve months is around 4.55%, more than AAAZX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
AAAZX DWS RREEF Real Assets Fund | 3.78% | 4.15% | 2.85% | 2.40% | 4.50% | 2.62% | 1.60% | 2.07% | 1.89% | 1.79% | 1.82% | 2.53% |
Drawdowns
SCPIX vs. AAAZX - Drawdown Comparison
The maximum SCPIX drawdown since its inception was -55.46%, which is greater than AAAZX's maximum drawdown of -40.45%. Use the drawdown chart below to compare losses from any high point for SCPIX and AAAZX.
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Drawdown Indicators
| SCPIX | AAAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.46% | -40.45% | -15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -9.56% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -22.52% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -29.44% | -4.41% |
Current DrawdownCurrent decline from peak | -6.27% | -3.57% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -6.67% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.79% | +0.74% |
Volatility
SCPIX vs. AAAZX - Volatility Comparison
DWS S&P 500 Index Fund (SCPIX) has a higher volatility of 5.16% compared to DWS RREEF Real Assets Fund (AAAZX) at 3.32%. This indicates that SCPIX's price experiences larger fluctuations and is considered to be riskier than AAAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCPIX | AAAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.32% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 7.29% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 11.60% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 12.20% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 12.68% | +5.42% |