TBHDX vs. SGSCX

Last updated Jun 5, 2026

TBHDX (Tweedy, Browne Worldwide High Dividend Yield Value Fund) and SGSCX (DWS Global Small Cap Fund) are both Global Equities funds. Over the past 10 years, TBHDX returned 6.17%/yr vs 8.29%/yr for SGSCX. A 0.72 correlation means they provide meaningful diversification when combined. TBHDX charges 1.38%/yr vs 1.12%/yr for SGSCX.

Performance

TBHDX vs. SGSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) and DWS Global Small Cap Fund (SGSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBHDX achieves a 4.62% return, which is significantly lower than SGSCX's 19.03% return. Over the past 10 years, TBHDX has underperformed SGSCX with an annualized return of 6.17%, while SGSCX has yielded a comparatively higher 8.29% annualized return.

TBHDX

• 1D: -0.47%
• 1M: 2.42%
• YTD: 4.62%
• 6M: 6.35%
• 1Y: 9.75%
• 3Y*: 11.33%
• 5Y*: 4.82%
• 10Y*: 6.17%

SGSCX

• 1D: -0.91%
• 1M: 0.90%
• YTD: 19.03%
• 6M: 20.86%
• 1Y: 41.59%
• 3Y*: 20.64%
• 5Y*: 7.56%
• 10Y*: 8.29%

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

TBHDX vs. SGSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBHDX Tweedy, Browne Worldwide High Dividend Yield Value Fund	4.62%	21.81%	0.20%	12.36%	-12.11%	11.65%	-4.40%	18.60%	-5.83%	17.26%
SGSCX DWS Global Small Cap Fund	19.03%	20.22%	5.35%	24.62%	-24.63%	15.10%	16.98%	22.29%	-21.96%	19.80%

Correlation

The correlation between TBHDX and SGSCX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 6, 2007	0.72

The correlation between TBHDX and SGSCX shifts across timeframes, from 0.60 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TBHDX vs. SGSCX — Risk / Return Rank

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

TBHDX

TBHDX Risk / Return Rank: 12
TBHDX Sharpe Ratio Rank: 13
TBHDX Sortino Ratio Rank: 14
TBHDX Omega Ratio Rank: 14
TBHDX Calmar Ratio Rank: 10
TBHDX Martin Ratio Rank: 10

SGSCX

SGSCX Risk / Return Rank: 83
SGSCX Sharpe Ratio Rank: 85
SGSCX Sortino Ratio Rank: 80
SGSCX Omega Ratio Rank: 71
SGSCX Calmar Ratio Rank: 89
SGSCX Martin Ratio Rank: 88

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.

TBHDX vs. SGSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) and DWS Global Small Cap Fund (SGSCX). 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.

	TBHDX	SGSCX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.74	-1.80
Sortino ratio: Return per unit of downside risk	1.43	3.80	-2.36
Omega ratio: Gain probability vs. loss probability	1.18	1.47	-0.29
Calmar ratio: Return relative to maximum drawdown	0.92	4.41	-3.49
Martin ratio: Return relative to average drawdown	2.77	16.77	-14.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBHDX vs. SGSCX - Sharpe Ratio Comparison

The current TBHDX Sharpe Ratio is 0.94, which is lower than the SGSCX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of TBHDX and SGSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TBHDX	SGSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.74	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.40	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.43	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.49	-0.19

Drawdowns

TBHDX vs. SGSCX - Drawdown Comparison

The maximum TBHDX drawdown since its inception was -47.42%, smaller than the maximum SGSCX drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for TBHDX and SGSCX.

Drawdown Indicators

	TBHDX	SGSCX	Difference
Max Drawdown Largest peak-to-trough decline	-47.42%	-62.26%	+14.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-9.54%	-2.53%
Max Drawdown (3Y) Largest decline over 3 years	-12.37%	-22.37%	+10.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.94%	-33.72%	+6.78%
Max Drawdown (10Y) Largest decline over 10 years	-33.57%	-45.98%	+12.41%
Current Drawdown Current decline from peak	-4.37%	-2.30%	-2.07%
Average Drawdown Average peak-to-trough decline	-8.46%	-14.12%	+5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.50%	+1.49%

Volatility

TBHDX vs. SGSCX - Volatility Comparison

The current volatility for Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) is 3.41%, while DWS Global Small Cap Fund (SGSCX) has a volatility of 5.10%. This indicates that TBHDX experiences smaller price fluctuations and is considered to be less risky than SGSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBHDX	SGSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	5.10%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	11.59%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	15.34%	-3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	18.88%	-6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	19.53%	-5.65%

TBHDX vs. SGSCX - Expense Ratio Comparison

TBHDX has a 1.38% expense ratio, which is higher than SGSCX's 1.12% expense ratio.

Dividends

TBHDX vs. SGSCX - Dividend Comparison

TBHDX's dividend yield for the trailing twelve months is around 7.98%, less than SGSCX's 8.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGSCX DWS Global Small Cap Fund	8.71%	10.37%	6.35%	5.12%	5.42%	16.72%	0.36%	0.29%	18.31%	11.13%	7.52%	6.04%
TBHDX Tweedy, Browne Worldwide High Dividend Yield Value Fund	7.98%	8.35%	6.54%	3.73%	9.81%	23.53%	8.39%	11.76%	22.82%	0.94%	4.35%	12.96%

Frequently Asked Questions

Can I hold both TBHDX and SGSCX in my portfolio?

TBHDX and SGSCX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBHDX or SGSCX?

SGSCX has higher volatility (5.10%) compared to TBHDX (3.41%). In terms of maximum drawdown, TBHDX dropped -47.42% vs SGSCX's -62.26%.

Which has better risk-adjusted returns?

SGSCX currently has the higher Sharpe Ratio (2.74 vs 0.94), 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.