TOLIX vs. MGHYX
TOLIX (DWS RREEF Global Infrastructure Fund) and MGHYX (DWS Global High Income Fund) are both mutual funds - TOLIX is a Infrastructure Equities fund managed by DWS, while MGHYX is a High Yield Bonds fund managed by DWS. Over the past 10 years, TOLIX returned 6.32%/yr vs 4.83%/yr for MGHYX. Their 0.39 correlation means their historical movements had little consistent relationship. TOLIX charges 1.03%/yr vs 0.60%/yr for MGHYX.
Performance
TOLIX vs. MGHYX - Performance Comparison
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Returns By Period
In the year-to-date period, TOLIX achieves a 8.91% return, which is significantly higher than MGHYX's 1.76% return. Over the past 10 years, TOLIX has outperformed MGHYX with an annualized return of 6.32%, while MGHYX has yielded a comparatively lower 4.83% annualized return.
TOLIX
- 1D
- -0.49%
- 1M
- -0.37%
- 6M
- 5.74%
- YTD
- 8.91%
- 1Y
- 10.93%
- 3Y*
- 11.67%
- 5Y*
- 6.20%
- 10Y*
- 6.32%
- ALL TIME*
- 7.53%
MGHYX
- 1D
- 0.16%
- 1M
- -0.24%
- 6M
- 1.16%
- YTD
- 1.76%
- 1Y
- 5.93%
- 3Y*
- 7.69%
- 5Y*
- 3.39%
- 10Y*
- 4.83%
- ALL TIME*
- 0.18%
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 |
TOLIX vs. MGHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOLIX DWS RREEF Global Infrastructure Fund | 8.91% | 12.73% | 11.98% | 1.93% | -9.26% | 20.37% | -1.90% | 29.21% | -11.05% | 13.61% |
MGHYX DWS Global High Income Fund | 1.76% | 9.82% | 6.99% | 11.17% | -11.67% | 3.22% | 6.83% | 16.36% | -1.85% | 6.49% |
Correlation
The correlation between TOLIX and MGHYX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2008 | 0.39 |
Over the past year, the correlation between TOLIX and MGHYX has dropped to 0.13 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
TOLIX vs. MGHYX — Risk / Return Rank
TOLIX
MGHYX
TOLIX vs. MGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Global Infrastructure Fund (TOLIX) 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.
| TOLIX | MGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.10 | -0.14 |
| Martin ratioReturn relative to average drawdown | 4.32 | 8.76 | -4.43 |
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Drawdowns
TOLIX vs. MGHYX - Drawdown Comparison
The maximum TOLIX drawdown since its inception was -42.68%, smaller than the maximum MGHYX drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for TOLIX and MGHYX.
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Drawdown Indicators
| TOLIX | MGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.68% | -53.47% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.05% | -2.69% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.28% | -4.33% | -6.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.01% | -15.93% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | -21.84% | -13.35% |
Current DrawdownCurrent decline from peak | -4.76% | -0.40% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -23.98% | +16.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 0.64% | +2.09% |
Volatility
TOLIX vs. MGHYX - Volatility Comparison
DWS RREEF Global Infrastructure Fund (TOLIX) has a higher volatility of 3.51% compared to DWS Global High Income Fund (MGHYX) at 0.82%. This indicates that TOLIX'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.
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Volatility by Period
| TOLIX | MGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 0.82% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 2.32% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 3.13% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 5.08% | +9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 5.84% | +10.05% |
TOLIX vs. MGHYX - Expense Ratio Comparison
TOLIX has a 1.03% expense ratio, which is higher than MGHYX's 0.60% expense ratio.
Dividends
TOLIX vs. MGHYX - Dividend Comparison
TOLIX's dividend yield for the trailing twelve months is around 12.02%, more than MGHYX's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGHYX DWS Global High Income Fund | 5.80% | 7.17% | 5.58% | 4.35% | 5.81% | 4.20% | 5.81% | 5.63% | 6.96% | 3.76% | 0.00% | 0.00% |
TOLIX DWS RREEF Global Infrastructure Fund | 12.02% | 10.99% | 9.47% | 2.67% | 8.92% | 6.06% | 1.68% | 2.00% | 2.57% | 2.10% | 1.34% | 1.86% |
Frequently Asked Questions
TOLIX and MGHYX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOLIX has higher volatility (3.51%) compared to MGHYX (0.82%). In terms of maximum drawdown, TOLIX dropped -42.68% vs MGHYX's -53.47%.
MGHYX currently has the higher Sharpe Ratio (1.80 vs 1.05), 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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