Correlation
The correlation between SHYTX and SCMBX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SHYTX vs. SCMBX
Compare and contrast key facts about DWS Strategic High Yield Tax (SHYTX) and DWS Managed Municipal Bond Fund (SCMBX).
SHYTX is managed by DWS. It was launched on Jan 21, 1987. SCMBX is managed by Blackrock. It was launched on Oct 13, 1976.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYTX or SCMBX.
Performance
SHYTX vs. SCMBX - Performance Comparison
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Key characteristics
SHYTX:
0.75
SCMBX:
0.60
SHYTX:
0.93
SCMBX:
0.71
SHYTX:
1.16
SCMBX:
1.12
SHYTX:
0.74
SCMBX:
0.56
SHYTX:
2.49
SCMBX:
1.78
SHYTX:
1.87%
SCMBX:
1.69%
SHYTX:
6.72%
SCMBX:
5.87%
SHYTX:
-27.13%
SCMBX:
-16.84%
SHYTX:
-3.67%
SCMBX:
-3.31%
Returns By Period
In the year-to-date period, SHYTX achieves a -1.87% return, which is significantly lower than SCMBX's -1.68% return. Over the past 10 years, SHYTX has outperformed SCMBX with an annualized return of 2.85%, while SCMBX has yielded a comparatively lower 2.45% annualized return.
SHYTX
-1.87%
-0.87%
-3.23%
4.55%
3.39%
3.05%
2.85%
SCMBX
-1.68%
-0.89%
-2.96%
3.07%
2.97%
1.70%
2.45%
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SHYTX vs. SCMBX - Expense Ratio Comparison
SHYTX has a 0.59% expense ratio, which is higher than SCMBX's 0.54% expense ratio.
Risk-Adjusted Performance
SHYTX vs. SCMBX — Risk-Adjusted Performance Rank
SHYTX
SCMBX
SHYTX vs. SCMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Strategic High Yield Tax (SHYTX) and DWS Managed Municipal Bond Fund (SCMBX). 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.
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Dividends
SHYTX vs. SCMBX - Dividend Comparison
SHYTX's dividend yield for the trailing twelve months is around 6.53%, more than SCMBX's 5.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYTX DWS Strategic High Yield Tax | 6.53% | 6.49% | 4.91% | 5.32% | 3.46% | 4.68% | 4.26% | 4.05% | 3.98% | 4.49% | 4.72% | 4.76% |
SCMBX DWS Managed Municipal Bond Fund | 5.76% | 5.98% | 4.10% | 4.38% | 3.76% | 4.04% | 3.66% | 3.38% | 3.45% | 3.82% | 3.93% | 4.11% |
Drawdowns
SHYTX vs. SCMBX - Drawdown Comparison
The maximum SHYTX drawdown since its inception was -27.13%, which is greater than SCMBX's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for SHYTX and SCMBX.
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Volatility
SHYTX vs. SCMBX - Volatility Comparison
DWS Strategic High Yield Tax (SHYTX) has a higher volatility of 0.95% compared to DWS Managed Municipal Bond Fund (SCMBX) at 0.77%. This indicates that SHYTX's price experiences larger fluctuations and is considered to be riskier than SCMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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