SLAFX vs. MGINX
SLAFX (DWS Latin America Equity Fund) and MGINX (DWS Global Macro Fund) are both mutual funds - SLAFX is a Latin America Equities fund managed by DWS, while MGINX is a Tactical Allocation fund managed by DWS. Over the past 10 years, SLAFX returned 10.45%/yr vs 5.64%/yr for MGINX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. SLAFX charges 1.26%/yr vs 0.79%/yr for MGINX.
Performance
SLAFX vs. MGINX - Performance Comparison
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Returns By Period
In the year-to-date period, SLAFX achieves a 12.49% return, which is significantly higher than MGINX's 3.15% return. Over the past 10 years, SLAFX has outperformed MGINX with an annualized return of 10.45%, while MGINX has yielded a comparatively lower 5.64% annualized return.
SLAFX
- 1D
- 2.74%
- 1M
- 4.14%
- 6M
- -4.09%
- YTD
- 12.49%
- 1Y
- 35.64%
- 3Y*
- 9.96%
- 5Y*
- 9.26%
- 10Y*
- 10.45%
- ALL TIME*
- 9.34%
MGINX
- 1D
- 1.04%
- 1M
- 0.00%
- 6M
- -1.38%
- YTD
- 3.15%
- 1Y
- 10.69%
- 3Y*
- 7.69%
- 5Y*
- 4.57%
- 10Y*
- 5.64%
- ALL TIME*
- 7.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SLAFX vs. MGINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLAFX DWS Latin America Equity Fund | 12.49% | 54.49% | -28.35% | 33.60% | 8.33% | -8.82% | 0.94% | 35.92% | -2.59% | 32.53% |
MGINX DWS Global Macro Fund | 3.15% | 14.73% | 3.56% | 9.15% | -6.87% | 6.36% | 2.26% | 12.61% | 0.33% | 13.65% |
Correlation
The correlation between SLAFX and MGINX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 15, 1995 | 0.55 |
The correlation between SLAFX and MGINX shifts across timeframes, from 0.50 (10 years) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLAFX vs. MGINX — Risk / Return Rank
SLAFX
MGINX
SLAFX vs. MGINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Latin America Equity Fund (SLAFX) and DWS Global Macro Fund (MGINX). 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.
| SLAFX | MGINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.44 | +1.17 |
| Martin ratioReturn relative to average drawdown | 6.21 | 4.60 | +1.62 |
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Drawdowns
SLAFX vs. MGINX - Drawdown Comparison
The maximum SLAFX drawdown since its inception was -70.68%, which is greater than MGINX's maximum drawdown of -63.39%. Use the drawdown chart below to compare losses from any high point for SLAFX and MGINX.
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Drawdown Indicators
| SLAFX | MGINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.68% | -63.39% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -7.41% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -7.41% | -22.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.87% | -12.16% | -17.71% |
Max Drawdown (10Y)Largest decline over 10 years | -50.90% | -15.12% | -35.78% |
Current DrawdownCurrent decline from peak | -7.78% | -2.61% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -22.15% | -13.71% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 2.31% | +3.40% |
Volatility
SLAFX vs. MGINX - Volatility Comparison
DWS Latin America Equity Fund (SLAFX) has a higher volatility of 6.31% compared to DWS Global Macro Fund (MGINX) at 2.20%. This indicates that SLAFX's price experiences larger fluctuations and is considered to be riskier than MGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLAFX | MGINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 2.20% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 6.94% | +10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.10% | 8.10% | +14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.18% | 6.97% | +16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.93% | 7.17% | +19.76% |
SLAFX vs. MGINX - Expense Ratio Comparison
SLAFX has a 1.26% expense ratio, which is higher than MGINX's 0.79% expense ratio.
Dividends
SLAFX vs. MGINX - Dividend Comparison
SLAFX's dividend yield for the trailing twelve months is around 3.63%, more than MGINX's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MGINX DWS Global Macro Fund | 1.78% | 1.82% | 2.15% | 2.88% | 4.76% | 1.20% | 0.81% | 3.23% | 6.82% | 0.00% | 0.00% |
SLAFX DWS Latin America Equity Fund | 3.63% | 4.09% | 5.41% | 3.40% | 7.44% | 14.43% | 0.00% | 0.11% | 0.00% | 4.47% | 1.82% |
Frequently Asked Questions
SLAFX and MGINX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLAFX has higher volatility (6.31%) compared to MGINX (2.20%). In terms of maximum drawdown, SLAFX dropped -70.68% vs MGINX's -63.39%.
SLAFX currently has the higher Sharpe Ratio (1.61 vs 1.32), 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.
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