SLANX vs. MGHYX

Last updated Jun 25, 2026

SLANX (DWS Latin America Equity Fund Class A) and MGHYX (DWS Global High Income Fund) are both mutual funds - SLANX is a Latin America Equities fund managed by DWS, while MGHYX is a High Yield Bonds fund managed by DWS. Over the past 10 years, SLANX returned 10.97%/yr vs 5.04%/yr for MGHYX. At a 0.31 correlation, their price movements are largely independent. SLANX charges 1.51%/yr vs 0.60%/yr for MGHYX.

Performance

SLANX vs. MGHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Latin America Equity Fund Class A (SLANX) and DWS Global High Income Fund (MGHYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLANX achieves a 7.33% return, which is significantly higher than MGHYX's 1.43% return. Over the past 10 years, SLANX has outperformed MGHYX with an annualized return of 10.97%, while MGHYX has yielded a comparatively lower 5.04% annualized return.

SLANX

• 1D: -0.93%
• 1M: -3.40%
• YTD: 7.33%
• 6M: 7.17%
• 1Y: 25.62%
• 3Y*: 9.81%
• 5Y*: 6.39%
• 10Y*: 10.97%

MGHYX

• 1D: -0.16%
• 1M: 0.16%
• YTD: 1.43%
• 6M: 2.26%
• 1Y: 6.35%
• 3Y*: 8.37%
• 5Y*: 3.48%
• 10Y*: 5.04%

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

SLANX vs. MGHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLANX DWS Latin America Equity Fund Class A	7.33%	54.13%	-28.52%	33.24%	8.08%	-9.06%	0.70%	35.56%	-2.82%	32.20%
MGHYX DWS Global High Income Fund	1.43%	9.82%	6.99%	11.17%	-11.67%	3.22%	6.83%	16.36%	-1.85%	6.49%

Correlation

The correlation between SLANX and MGHYX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.31

Return for Risk

SLANX vs. MGHYX — Risk / Return Rank

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

SLANX

SLANX Risk / Return Rank: 26
SLANX Sharpe Ratio Rank: 25
SLANX Sortino Ratio Rank: 24
SLANX Omega Ratio Rank: 25
SLANX Calmar Ratio Rank: 33
SLANX Martin Ratio Rank: 26

MGHYX

MGHYX Risk / Return Rank: 73
MGHYX Sharpe Ratio Rank: 74
MGHYX Sortino Ratio Rank: 89
MGHYX Omega Ratio Rank: 86
MGHYX Calmar Ratio Rank: 55
MGHYX Martin Ratio Rank: 62

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.

SLANX vs. MGHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Latin America Equity Fund Class A (SLANX) and DWS Global High Income Fund (MGHYX). 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.

	SLANX	MGHYX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.27	-1.03
Sortino ratio: Return per unit of downside risk	1.77	3.94	-2.16
Omega ratio: Gain probability vs. loss probability	1.23	1.53	-0.30
Calmar ratio: Return relative to maximum drawdown	1.97	2.65	-0.68
Martin ratio: Return relative to average drawdown	5.41	11.26	-5.85

SLANX vs. MGHYX - Sharpe Ratio Comparison

The current SLANX Sharpe Ratio is 1.24, which is lower than the MGHYX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SLANX and MGHYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLANX vs. MGHYX - Drawdown Comparison

The maximum SLANX drawdown since its inception was -70.73%, which is greater than MGHYX's maximum drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for SLANX and MGHYX.

Drawdown Indicators

	SLANX	MGHYX	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-53.47%	-17.26%
Max Drawdown (1Y) Largest decline over 1 year	-13.70%	-2.69%	-11.01%
Max Drawdown (3Y) Largest decline over 3 years	-29.63%	-4.33%	-25.30%
Max Drawdown (5Y) Largest decline over 5 years	-29.92%	-15.93%	-13.99%
Max Drawdown (10Y) Largest decline over 10 years	-50.91%	-21.84%	-29.07%
Current Drawdown Current decline from peak	-11.93%	-0.32%	-11.61%
Average Drawdown Average peak-to-trough decline	-23.27%	-24.07%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	0.63%	+4.35%

Volatility

SLANX vs. MGHYX - Volatility Comparison

DWS Latin America Equity Fund Class A (SLANX) has a higher volatility of 6.10% compared to DWS Global High Income Fund (MGHYX) at 0.81%. This indicates that SLANX's price experiences larger fluctuations and is considered to be riskier than MGHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLANX	MGHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	0.81%	+5.29%
Volatility (6M) Calculated over the trailing 6-month period	17.74%	2.34%	+15.40%
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	3.13%	+18.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.29%	5.08%	+18.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.96%	5.86%	+21.10%

SLANX vs. MGHYX - Expense Ratio Comparison

SLANX has a 1.51% expense ratio, which is higher than MGHYX's 0.60% expense ratio.

Dividends

SLANX vs. MGHYX - Dividend Comparison

SLANX's dividend yield for the trailing twelve months is around 3.87%, less than MGHYX's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MGHYX DWS Global High Income Fund	5.19%	7.17%	5.58%	4.35%	5.81%	4.20%	5.81%	5.63%	6.96%	3.76%	0.00%
SLANX DWS Latin America Equity Fund Class A	3.87%	4.15%	5.13%	3.14%	7.15%	14.19%	0.00%	0.00%	0.00%	4.21%	1.57%

Frequently Asked Questions

Can I hold both SLANX and MGHYX in my portfolio?

SLANX and MGHYX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLANX or MGHYX?

SLANX has higher volatility (6.10%) compared to MGHYX (0.81%). In terms of maximum drawdown, SLANX dropped -70.73% vs MGHYX's -53.47%.

Which has better risk-adjusted returns?

MGHYX currently has the higher Sharpe Ratio (2.27 vs 1.24), 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.