SGSCX vs. CAEIX

Last updated Jun 4, 2026

SGSCX (DWS Global Small Cap Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, SGSCX returned 8.39%/yr vs 11.83%/yr for CAEIX. Their correlation of 0.85 suggests significant overlap in exposure. SGSCX charges 1.12%/yr vs 0.99%/yr for CAEIX.

Performance

SGSCX vs. CAEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Global Small Cap Fund (SGSCX) and Calvert Global Energy Solutions Fund (CAEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGSCX achieves a 20.12% return, which is significantly lower than CAEIX's 23.10% return. Over the past 10 years, SGSCX has underperformed CAEIX with an annualized return of 8.39%, while CAEIX has yielded a comparatively higher 11.83% annualized return.

SGSCX

• 1D: 1.02%
• 1M: 2.86%
• YTD: 20.12%
• 6M: 22.38%
• 1Y: 42.99%
• 3Y*: 21.01%
• 5Y*: 7.90%
• 10Y*: 8.39%

CAEIX

• 1D: 1.24%
• 1M: 4.18%
• YTD: 23.10%
• 6M: 23.57%
• 1Y: 49.07%
• 3Y*: 13.90%
• 5Y*: 6.54%
• 10Y*: 11.83%

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

SGSCX vs. CAEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGSCX DWS Global Small Cap Fund	20.12%	20.22%	5.35%	24.62%	-24.63%	15.10%	16.98%	22.29%	-21.96%	19.80%
CAEIX Calvert Global Energy Solutions Fund	23.10%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%

Correlation

The correlation between SGSCX and CAEIX 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	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007	0.85

The correlation between SGSCX and CAEIX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

SGSCX vs. CAEIX — Risk / Return Rank

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

SGSCX

SGSCX Risk / Return Rank: 85
SGSCX Sharpe Ratio Rank: 88
SGSCX Sortino Ratio Rank: 84
SGSCX Omega Ratio Rank: 75
SGSCX Calmar Ratio Rank: 90
SGSCX Martin Ratio Rank: 89

CAEIX

CAEIX Risk / Return Rank: 89
CAEIX Sharpe Ratio Rank: 92
CAEIX Sortino Ratio Rank: 84
CAEIX Omega Ratio Rank: 80
CAEIX Calmar Ratio Rank: 95
CAEIX Martin Ratio Rank: 94

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.

SGSCX vs. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Global Small Cap Fund (SGSCX) and Calvert Global Energy Solutions Fund (CAEIX). 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.

	SGSCX	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	3.08	-0.20
Sortino ratio: Return per unit of downside risk	3.96	3.95	+0.01
Omega ratio: Gain probability vs. loss probability	1.49	1.52	-0.03
Calmar ratio: Return relative to maximum drawdown	4.62	6.03	-1.41
Martin ratio: Return relative to average drawdown	17.61	20.83	-3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGSCX vs. CAEIX - Sharpe Ratio Comparison

The current SGSCX Sharpe Ratio is 2.88, which is comparable to the CAEIX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of SGSCX and CAEIX, 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

	SGSCX	CAEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	3.08	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.34	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.60	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.07	+0.42

Drawdowns

SGSCX vs. CAEIX - Drawdown Comparison

The maximum SGSCX drawdown since its inception was -62.26%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for SGSCX and CAEIX.

Drawdown Indicators

	SGSCX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-75.81%	+13.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.39%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-24.57%	+2.20%
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	-32.58%	-1.14%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	-37.54%	-8.44%
Current Drawdown Current decline from peak	-1.40%	0.00%	-1.40%
Average Drawdown Average peak-to-trough decline	-14.12%	-48.64%	+34.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.42%	+0.08%

Volatility

SGSCX vs. CAEIX - Volatility Comparison

The current volatility for DWS Global Small Cap Fund (SGSCX) is 5.04%, while Calvert Global Energy Solutions Fund (CAEIX) has a volatility of 5.76%. This indicates that SGSCX experiences smaller price fluctuations and is considered to be less risky than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGSCX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.76%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	12.91%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	16.43%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	19.18%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.53%	19.69%	-0.16%

SGSCX vs. CAEIX - Expense Ratio Comparison

SGSCX has a 1.12% expense ratio, which is higher than CAEIX's 0.99% expense ratio.

Dividends

SGSCX vs. CAEIX - Dividend Comparison

SGSCX's dividend yield for the trailing twelve months is around 8.63%, more than CAEIX's 0.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEIX Calvert Global Energy Solutions Fund	0.59%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%
SGSCX DWS Global Small Cap Fund	8.63%	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

Can I hold both SGSCX and CAEIX in my portfolio?

SGSCX and CAEIX 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.

Which is riskier, SGSCX or CAEIX?

CAEIX has higher volatility (5.76%) compared to SGSCX (5.04%). In terms of maximum drawdown, SGSCX dropped -62.26% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

CAEIX currently has the higher Sharpe Ratio (3.08 vs 2.88), 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.