SGSCX vs. DSHGX

Last updated Jun 3, 2026

SGSCX (DWS Global Small Cap Fund) and DSHGX (DFA Selectively Hedged Global Equity Portfolio) are both Global Equities funds. Over the past 10 years, SGSCX returned 8.28%/yr vs 12.88%/yr for DSHGX. Their correlation of 0.91 suggests significant overlap in exposure. SGSCX charges 1.12%/yr vs 0.31%/yr for DSHGX.

Performance

SGSCX vs. DSHGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Global Small Cap Fund (SGSCX) and DFA Selectively Hedged Global Equity Portfolio (DSHGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGSCX achieves a 18.91% return, which is significantly higher than DSHGX's 13.99% return. Over the past 10 years, SGSCX has underperformed DSHGX with an annualized return of 8.28%, while DSHGX has yielded a comparatively higher 12.88% annualized return.

SGSCX

• 1D: -0.66%
• 1M: 1.22%
• YTD: 18.91%
• 6M: 22.48%
• 1Y: 42.24%
• 3Y*: 20.60%
• 5Y*: 7.56%
• 10Y*: 8.28%

DSHGX

• 1D: 0.42%
• 1M: 4.45%
• YTD: 13.99%
• 6M: 15.66%
• 1Y: 33.02%
• 3Y*: 21.17%
• 5Y*: 12.04%
• 10Y*: 12.88%

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

SGSCX vs. DSHGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGSCX DWS Global Small Cap Fund	18.91%	20.22%	5.35%	24.62%	-24.63%	15.10%	16.98%	22.29%	-21.96%	19.80%
DSHGX DFA Selectively Hedged Global Equity Portfolio	13.99%	21.42%	15.89%	20.19%	-12.91%	21.69%	11.96%	25.05%	-11.70%	20.69%

Correlation

The correlation between SGSCX and DSHGX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.91

The correlation between SGSCX and DSHGX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

SGSCX vs. DSHGX — Risk / Return Rank

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

SGSCX

SGSCX Risk / Return Rank: 84
SGSCX Sharpe Ratio Rank: 87
SGSCX Sortino Ratio Rank: 82
SGSCX Omega Ratio Rank: 73
SGSCX Calmar Ratio Rank: 89
SGSCX Martin Ratio Rank: 88

DSHGX

DSHGX Risk / Return Rank: 85
DSHGX Sharpe Ratio Rank: 91
DSHGX Sortino Ratio Rank: 87
DSHGX Omega Ratio Rank: 84
DSHGX Calmar Ratio Rank: 81
DSHGX Martin Ratio Rank: 85

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. DSHGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Global Small Cap Fund (SGSCX) and DFA Selectively Hedged Global Equity Portfolio (DSHGX). 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	DSHGX	Difference
Sharpe ratio Return per unit of total volatility	2.83	3.01	-0.18
Sortino ratio Return per unit of downside risk	3.90	4.18	-0.28
Omega ratio Gain probability vs. loss probability	1.48	1.56	-0.08
Calmar ratio Return relative to maximum drawdown	4.50	3.70	+0.80
Martin ratio Return relative to average drawdown	17.22	16.20	+1.02
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. DSHGX - Sharpe Ratio Comparison

The current SGSCX Sharpe Ratio is 2.83, which is comparable to the DSHGX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of SGSCX and DSHGX, 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	DSHGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	3.01	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.83	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.81	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.77	-0.28

Drawdowns

SGSCX vs. DSHGX - Drawdown Comparison

The maximum SGSCX drawdown since its inception was -62.26%, which is greater than DSHGX's maximum drawdown of -36.15%. Use the drawdown chart below to compare losses from any high point for SGSCX and DSHGX.

Drawdown Indicators

	SGSCX	DSHGX	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-36.15%	-26.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.93%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-16.26%	-6.11%
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	-21.82%	-11.90%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	-36.15%	-9.83%
Current Drawdown Current decline from peak	-2.40%	0.00%	-2.40%
Average Drawdown Average peak-to-trough decline	-14.12%	-4.50%	-9.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.04%	+0.45%

Volatility

SGSCX vs. DSHGX - Volatility Comparison

DWS Global Small Cap Fund (SGSCX) has a higher volatility of 4.99% compared to DFA Selectively Hedged Global Equity Portfolio (DSHGX) at 3.46%. This indicates that SGSCX's price experiences larger fluctuations and is considered to be riskier than DSHGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGSCX	DSHGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	3.46%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	9.16%	+2.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	11.32%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.87%	14.58%	+4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.53%	16.06%	+3.47%

SGSCX vs. DSHGX - Expense Ratio Comparison

SGSCX has a 1.12% expense ratio, which is higher than DSHGX's 0.31% expense ratio.

Dividends

SGSCX vs. DSHGX - Dividend Comparison

SGSCX's dividend yield for the trailing twelve months is around 8.72%, more than DSHGX's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSHGX DFA Selectively Hedged Global Equity Portfolio	2.80%	3.20%	5.56%	6.18%	9.61%	6.56%	2.10%	2.50%	4.62%	1.11%	3.07%	3.04%
SGSCX DWS Global Small Cap Fund	8.72%	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 DSHGX in my portfolio?

SGSCX and DSHGX have a correlation of 0.86, 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 DSHGX?

SGSCX has higher volatility (4.99%) compared to DSHGX (3.46%). In terms of maximum drawdown, SGSCX dropped -62.26% vs DSHGX's -36.15%.

Which has better risk-adjusted returns?

DSHGX currently has the higher Sharpe Ratio (3.01 vs 2.83), 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.