SPBAX
DWS Multi-Asset Conservative Allocation Fund
DEUTSCHE DWS ASSET ALLOCATION TRUST
Fund of funds

Average annual returns

Through 2025 · incl. N-PORT-derived 2025
1 year
10.02%
3 year
9.24%
5 year
3.80%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

2020 onward derived from N-PORT monthly returns

Risk statistics

78 months through Feb. 28, 2026
Volatility (ann.)
6.92%
Sharpe
1.39
Sortino
2.63
Max drawdown
-18.56%
Best month
6.17%
Worst month
-9.14%
Beta vs VTSAX
0.49
Correlation
0.86

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.