SLANX vs. MGINX

Last updated Apr 1, 2026

Compare and contrast key facts about DWS Latin America Equity Fund Class A (SLANX) and DWS Global Macro Fund (MGINX).

SLANX is managed by DWS. It was launched on May 29, 2001. MGINX is managed by DWS. It was launched on May 14, 1995.

Performance

SLANX vs. MGINX - 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 Macro Fund (MGINX). The values are adjusted to include any dividend payments, if applicable.

SLANX vs. MGINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLANX DWS Latin America Equity Fund Class A	7.80%	54.13%	-28.52%	33.24%	8.08%	-9.06%	0.70%	35.56%	-2.82%	32.20%
MGINX DWS Global Macro Fund	-1.25%	14.73%	3.56%	9.15%	-6.87%	6.36%	2.26%	12.61%	0.33%	13.65%

Returns By Period

In the year-to-date period, SLANX achieves a 7.80% return, which is significantly higher than MGINX's -1.25% return. Over the past 10 years, SLANX has outperformed MGINX with an annualized return of 11.44%, while MGINX has yielded a comparatively lower 5.73% annualized return.

SLANX

• 1D: 0.29%
• 1M: -8.48%
• YTD: 7.80%
• 6M: 15.38%
• 1Y: 45.04%
• 3Y*: 15.30%
• 5Y*: 10.40%
• 10Y*: 11.44%

MGINX

• 1D: 0.27%
• 1M: -6.76%
• YTD: -1.25%
• 6M: 1.48%
• 1Y: 10.33%
• 3Y*: 6.80%
• 5Y*: 4.05%
• 10Y*: 5.73%

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

SLANX vs. MGINX - Expense Ratio Comparison

SLANX has a 1.51% expense ratio, which is higher than MGINX's 0.79% expense ratio.

SLANX

DWS Latin America Equity Fund Class A

MGINX

DWS Global Macro Fund

Return for Risk

SLANX vs. MGINX — Risk / Return Rank

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

SLANX

SLANX Risk / Return Rank: 90
SLANX Sharpe Ratio Rank: 89
SLANX Sortino Ratio Rank: 85
SLANX Omega Ratio Rank: 86
SLANX Calmar Ratio Rank: 95
SLANX Martin Ratio Rank: 93

MGINX

MGINX Risk / Return Rank: 73
MGINX Sharpe Ratio Rank: 76
MGINX Sortino Ratio Rank: 76
MGINX Omega Ratio Rank: 73
MGINX Calmar Ratio Rank: 66
MGINX Martin Ratio Rank: 72

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. MGINX - 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 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.

	SLANX	MGINX	Difference
Sharpe ratio Return per unit of total volatility	1.84	1.35	+0.48
Sortino ratio Return per unit of downside risk	2.27	1.89	+0.38
Omega ratio Gain probability vs. loss probability	1.36	1.27	+0.08
Calmar ratio Return relative to maximum drawdown	3.31	1.51	+1.80
Martin ratio Return relative to average drawdown	11.32	6.88	+4.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLANX vs. MGINX - Sharpe Ratio Comparison

The current SLANX Sharpe Ratio is 1.84, which is higher than the MGINX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of SLANX and MGINX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLANX	MGINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.35	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.61	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.77	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.46	-0.14

Correlation

The correlation between SLANX and MGINX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SLANX vs. MGINX - Dividend Comparison

SLANX's dividend yield for the trailing twelve months is around 3.85%, more than MGINX's 2.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SLANX DWS Latin America Equity Fund Class A	3.85%	4.15%	5.13%	3.14%	7.15%	14.19%	0.00%	0.00%	0.00%	4.21%	1.57%
MGINX DWS Global Macro Fund	2.29%	1.82%	2.15%	2.88%	4.76%	1.20%	0.81%	3.23%	6.82%	0.00%	0.00%

Drawdowns

SLANX vs. MGINX - Drawdown Comparison

The maximum SLANX drawdown since its inception was -70.73%, which is greater than MGINX's maximum drawdown of -63.39%. Use the drawdown chart below to compare losses from any high point for SLANX and MGINX.

Drawdown Indicators

	SLANX	MGINX	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-63.39%	-7.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.85%	-7.01%	-5.84%
Max Drawdown (5Y) Largest decline over 5 years	-29.92%	-12.16%	-17.76%
Max Drawdown (10Y) Largest decline over 10 years	-50.91%	-15.12%	-35.79%
Current Drawdown Current decline from peak	-9.63%	-6.76%	-2.87%
Average Drawdown Average peak-to-trough decline	-23.43%	-13.83%	-9.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	1.53%	+2.22%

Volatility

SLANX vs. MGINX - Volatility Comparison

DWS Latin America Equity Fund Class A (SLANX) has a higher volatility of 10.49% compared to DWS Global Macro Fund (MGINX) at 2.96%. This indicates that SLANX'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.

Volatility by Period

	SLANX	MGINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	2.96%	+7.53%
Volatility (6M) Calculated over the trailing 6-month period	16.93%	5.67%	+11.26%
Volatility (1Y) Calculated over the trailing 1-year period	24.11%	7.89%	+16.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.14%	6.63%	+16.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.01%	7.49%	+19.52%