SSDAX vs. SCOBX

Last updated Jun 24, 2026

SSDAX (DWS Small Cap Growth Fund) and SCOBX (DWS International Growth Fund) are both mutual funds - SSDAX is a Small Cap Growth Equities fund managed by DWS, while SCOBX is a Foreign Large Cap Equities fund managed by DWS. Over the past 10 years, SSDAX returned 9.22%/yr vs 8.27%/yr for SCOBX. A 0.78 correlation means they provide meaningful diversification when combined. SSDAX charges 1.21%/yr vs 0.92%/yr for SCOBX.

Performance

SSDAX vs. SCOBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Small Cap Growth Fund (SSDAX) and DWS International Growth Fund (SCOBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSDAX achieves a 20.26% return, which is significantly higher than SCOBX's 8.51% return. Over the past 10 years, SSDAX has outperformed SCOBX with an annualized return of 9.22%, while SCOBX has yielded a comparatively lower 8.27% annualized return.

SSDAX

• 1D: 1.59%
• 1M: 6.55%
• YTD: 20.26%
• 6M: 18.11%
• 1Y: 34.03%
• 3Y*: 14.69%
• 5Y*: 3.98%
• 10Y*: 9.22%

SCOBX

• 1D: -0.55%
• 1M: 2.82%
• YTD: 8.51%
• 6M: 8.10%
• 1Y: 16.38%
• 3Y*: 14.20%
• 5Y*: 3.55%
• 10Y*: 8.27%

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

SSDAX vs. SCOBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSDAX DWS Small Cap Growth Fund	20.26%	8.60%	5.94%	14.61%	-26.05%	12.53%	27.31%	20.87%	-13.77%	20.81%
SCOBX DWS International Growth Fund	8.51%	19.45%	9.37%	15.76%	-29.24%	8.23%	22.49%	31.61%	-16.88%	25.45%

Correlation

The correlation between SSDAX and SCOBX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003	0.78

The correlation between SSDAX and SCOBX has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.

Return for Risk

SSDAX vs. SCOBX — Risk / Return Rank

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

SSDAX

SSDAX Risk / Return Rank: 49
SSDAX Sharpe Ratio Rank: 48
SSDAX Sortino Ratio Rank: 44
SSDAX Omega Ratio Rank: 43
SSDAX Calmar Ratio Rank: 61
SSDAX Martin Ratio Rank: 51

SCOBX

SCOBX Risk / Return Rank: 18
SCOBX Sharpe Ratio Rank: 17
SCOBX Sortino Ratio Rank: 17
SCOBX Omega Ratio Rank: 18
SCOBX Calmar Ratio Rank: 17
SCOBX Martin Ratio Rank: 22

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.

SSDAX vs. SCOBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Small Cap Growth Fund (SSDAX) and DWS International Growth Fund (SCOBX). 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.

	SSDAX	SCOBX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.08	+0.80
Sortino ratio: Return per unit of downside risk	2.59	1.62	+0.97
Omega ratio: Gain probability vs. loss probability	1.33	1.20	+0.13
Calmar ratio: Return relative to maximum drawdown	2.87	1.39	+1.48
Martin ratio: Return relative to average drawdown	9.81	5.00	+4.82

SSDAX vs. SCOBX - Sharpe Ratio Comparison

The current SSDAX Sharpe Ratio is 1.88, which is higher than the SCOBX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SSDAX and SCOBX, 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

SSDAX vs. SCOBX - Drawdown Comparison

The maximum SSDAX drawdown since its inception was -66.10%, which is greater than SCOBX's maximum drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for SSDAX and SCOBX.

Drawdown Indicators

	SSDAX	SCOBX	Difference
Max Drawdown Largest peak-to-trough decline	-66.10%	-62.65%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-12.41%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-24.95%	-15.86%	-9.09%
Max Drawdown (5Y) Largest decline over 5 years	-35.45%	-40.92%	+5.47%
Max Drawdown (10Y) Largest decline over 10 years	-41.56%	-40.92%	-0.64%
Current Drawdown Current decline from peak	0.00%	-0.55%	+0.55%
Average Drawdown Average peak-to-trough decline	-13.20%	-11.51%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	3.44%	+0.20%

Volatility

SSDAX vs. SCOBX - Volatility Comparison

DWS Small Cap Growth Fund (SSDAX) has a higher volatility of 7.07% compared to DWS International Growth Fund (SCOBX) at 6.05%. This indicates that SSDAX's price experiences larger fluctuations and is considered to be riskier than SCOBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSDAX	SCOBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	6.05%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	14.26%	13.48%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	19.07%	15.97%	+3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	18.22%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.06%	17.58%	+4.48%

SSDAX vs. SCOBX - Expense Ratio Comparison

SSDAX has a 1.21% expense ratio, which is higher than SCOBX's 0.92% expense ratio.

Dividends

SSDAX vs. SCOBX - Dividend Comparison

SSDAX's dividend yield for the trailing twelve months is around 3.77%, less than SCOBX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCOBX DWS International Growth Fund	4.33%	4.70%	3.37%	1.57%	3.78%	3.70%	0.81%	1.01%	1.29%	0.46%	0.14%	0.00%
SSDAX DWS Small Cap Growth Fund	3.77%	4.53%	2.55%	0.83%	0.39%	10.30%	0.00%	0.00%	23.84%	4.34%	0.00%	6.05%

Frequently Asked Questions

Can I hold both SSDAX and SCOBX in my portfolio?

SSDAX and SCOBX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSDAX or SCOBX?

SSDAX has higher volatility (7.07%) compared to SCOBX (6.05%). In terms of maximum drawdown, SSDAX dropped -66.10% vs SCOBX's -62.65%.

Which has better risk-adjusted returns?

SSDAX currently has the higher Sharpe Ratio (1.88 vs 1.08), 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.