SGSCX vs. ACWI
SGSCX (DWS Global Small Cap Fund) and ACWI (iShares MSCI ACWI ETF) are both Global Equities funds. Over the past 10 years, SGSCX returned 8.72%/yr vs 13.09%/yr for ACWI. Their correlation of 0.89 suggests significant overlap in exposure. SGSCX charges 1.12%/yr vs 0.32%/yr for ACWI.
Performance
SGSCX vs. ACWI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGSCX achieves a 21.52% return, which is significantly higher than ACWI's 9.86% return. Over the past 10 years, SGSCX has underperformed ACWI with an annualized return of 8.72%, while ACWI has yielded a comparatively higher 13.09% annualized return.
SGSCX
- 1D
- 1.63%
- 1M
- 1.32%
- YTD
- 21.52%
- 6M
- 19.63%
- 1Y
- 42.73%
- 3Y*
- 20.04%
- 5Y*
- 8.60%
- 10Y*
- 8.72%
ACWI
- 1D
- -2.00%
- 1M
- -0.35%
- YTD
- 9.86%
- 6M
- 9.11%
- 1Y
- 25.60%
- 3Y*
- 20.00%
- 5Y*
- 10.74%
- 10Y*
- 13.09%
SGSCX vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGSCX DWS Global Small Cap Fund | 21.52% | 20.22% | 5.35% | 24.62% | -24.63% | 15.10% | 16.98% | 22.29% | -21.96% | 19.80% |
ACWI iShares MSCI ACWI ETF | 9.86% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
Correlation
The correlation between SGSCX and ACWI is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.89 |
The correlation between SGSCX and ACWI has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGSCX vs. ACWI — Risk / Return Rank
SGSCX
ACWI
SGSCX vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global Small Cap Fund (SGSCX) and iShares MSCI ACWI ETF (ACWI). 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.
| SGSCX | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 2.64 | +1.89 |
| Martin ratioReturn relative to average drawdown | 16.95 | 11.51 | +5.45 |
Loading charts...
Drawdowns
SGSCX vs. ACWI - Drawdown Comparison
The maximum SGSCX drawdown since its inception was -62.26%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for SGSCX and ACWI.
Loading charts...
Drawdown Indicators
| SGSCX | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -56.00% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -9.73% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -22.37% | -16.55% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -33.72% | -26.42% | -7.30% |
Max Drawdown (10Y)Largest decline over 10 years | -45.98% | -33.53% | -12.45% |
Current DrawdownCurrent decline from peak | -0.25% | -2.83% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -14.10% | -8.59% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.23% | +0.31% |
Volatility
SGSCX vs. ACWI - Volatility Comparison
DWS Global Small Cap Fund (SGSCX) has a higher volatility of 5.95% compared to iShares MSCI ACWI ETF (ACWI) at 5.57%. This indicates that SGSCX's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGSCX | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 5.57% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 11.38% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 13.64% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 16.20% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 17.08% | +2.48% |
SGSCX vs. ACWI - Expense Ratio Comparison
SGSCX has a 1.12% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
SGSCX vs. ACWI - Dividend Comparison
SGSCX's dividend yield for the trailing twelve months is around 8.53%, more than ACWI's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.45% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
SGSCX DWS Global Small Cap Fund | 8.53% | 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
SGSCX and ACWI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGSCX has higher volatility (5.95%) compared to ACWI (5.57%). In terms of maximum drawdown, SGSCX dropped -62.26% vs ACWI's -56.00%.
SGSCX currently has the higher Sharpe Ratio (2.72 vs 1.89), 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.
Find the right allocation for SGSCX and ACWI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer