SPBAX vs. KTCAX
SPBAX (DWS Multi-Asset Conservative Allocation Fund) and KTCAX (DWS Science and Technology Fund) are both mutual funds - SPBAX is a Diversified Portfolio fund managed by DWS, while KTCAX is a Technology Equities fund managed by DWS. Over the past 10 years, SPBAX returned 4.87%/yr vs 21.36%/yr for KTCAX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. SPBAX charges 0.40%/yr vs 0.89%/yr for KTCAX.
Performance
SPBAX vs. KTCAX - Performance Comparison
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Returns By Period
In the year-to-date period, SPBAX achieves a 2.42% return, which is significantly lower than KTCAX's 14.14% return. Over the past 10 years, SPBAX has underperformed KTCAX with an annualized return of 4.87%, while KTCAX has yielded a comparatively higher 21.36% annualized return.
SPBAX
- 1D
- 0.63%
- 1M
- -1.16%
- 6M
- 0.84%
- YTD
- 2.42%
- 1Y
- 7.51%
- 3Y*
- 7.42%
- 5Y*
- 2.81%
- 10Y*
- 4.87%
- ALL TIME*
- 4.37%
KTCAX
- 1D
- 5.32%
- 1M
- -4.32%
- 6M
- 12.23%
- YTD
- 14.14%
- 1Y
- 27.24%
- 3Y*
- 27.77%
- 5Y*
- 15.12%
- 10Y*
- 21.36%
- ALL TIME*
- 8.87%
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 |
SPBAX vs. KTCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPBAX DWS Multi-Asset Conservative Allocation Fund | 2.42% | 9.25% | 6.57% | 11.18% | -14.64% | 8.26% | 8.33% | 16.33% | -6.07% | 10.93% |
KTCAX DWS Science and Technology Fund | 14.14% | 21.21% | 40.51% | 57.73% | -36.66% | 22.68% | 46.12% | 42.35% | -1.03% | 35.79% |
Correlation
The correlation between SPBAX and KTCAX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.79 |
The correlation between SPBAX and KTCAX shifts across timeframes, from 0.68 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPBAX vs. KTCAX — Risk / Return Rank
SPBAX
KTCAX
SPBAX vs. KTCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Multi-Asset Conservative Allocation Fund (SPBAX) and DWS Science and Technology Fund (KTCAX). 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.
| SPBAX | KTCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.50 | +0.22 |
| Martin ratioReturn relative to average drawdown | 6.80 | 4.28 | +2.53 |
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Drawdowns
SPBAX vs. KTCAX - Drawdown Comparison
The maximum SPBAX drawdown since its inception was -42.82%, smaller than the maximum KTCAX drawdown of -82.20%. Use the drawdown chart below to compare losses from any high point for SPBAX and KTCAX.
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Drawdown Indicators
| SPBAX | KTCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.82% | -82.20% | +39.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -16.60% | +12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -25.52% | +17.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -42.37% | +22.66% |
Max Drawdown (10Y)Largest decline over 10 years | -19.90% | -42.37% | +22.47% |
Current DrawdownCurrent decline from peak | -1.50% | -11.97% | +10.47% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -27.84% | +21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 5.79% | -4.73% |
Volatility
SPBAX vs. KTCAX - Volatility Comparison
The current volatility for DWS Multi-Asset Conservative Allocation Fund (SPBAX) is 1.62%, while DWS Science and Technology Fund (KTCAX) has a volatility of 9.96%. This indicates that SPBAX experiences smaller price fluctuations and is considered to be less risky than KTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPBAX | KTCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 9.96% | -8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 21.32% | -16.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 25.33% | -19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 25.81% | -17.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 24.46% | -16.30% |
SPBAX vs. KTCAX - Expense Ratio Comparison
SPBAX has a 0.40% expense ratio, which is lower than KTCAX's 0.89% expense ratio.
Dividends
SPBAX vs. KTCAX - Dividend Comparison
SPBAX's dividend yield for the trailing twelve months is around 11.39%, more than KTCAX's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KTCAX DWS Science and Technology Fund | 7.29% | 8.32% | 10.15% | 11.73% | 6.31% | 10.93% | 7.36% | 8.99% | 14.35% | 4.50% | 2.32% | 11.97% |
SPBAX DWS Multi-Asset Conservative Allocation Fund | 11.39% | 10.51% | 5.39% | 4.26% | 2.46% | 7.53% | 4.50% | 2.23% | 1.90% | 1.84% | 2.05% | 3.48% |
Frequently Asked Questions
SPBAX and KTCAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTCAX has higher volatility (9.96%) compared to SPBAX (1.62%). In terms of maximum drawdown, SPBAX dropped -42.82% vs KTCAX's -82.20%.
SPBAX currently has the higher Sharpe Ratio (1.33 vs 0.98), 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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