Allspring Utility and Telecommunications Fund (EVUAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Allspring Utility and Telecommunications Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Allspring Utility and Telecommunications Fund (EVUAX) has returned 4.92% so far this year and 15.44% over the past 12 months. Over the last ten years, EVUAX has returned 11.08% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 4, 1994, EVUAX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, your investment would double in approximately 5.6 years.

Historically, 64% of months were positive and 36% were negative. The best month was Dec 1994 with a return of +32.3%, while the worst month was Oct 2008 at -12.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 10 months.

On a daily basis, EVUAX closed higher 53% of trading days. The best single day was Dec 20, 1994 with a return of +31.0%, while the worst single day was Dec 10, 2021 at -10.1%.

Allspring Utility and Telecommunications Fund has an annualized alpha of 6.49%, beta of 0.66, and R² of 0.49 versus S&P 500 Index. Calculated based on daily prices since January 05, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (81.75%) than losses (63.20%) — typical of diversified or defensive assets.
• Beta of 0.66 may look defensive, but with R² of 0.49 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.49 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

EVUAX has a high expense ratio of 1.04%, indicating above-average management fees.

EVUAX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Allspring Utility and Telecommunications Fund (EVUAX) and compare them to a chosen benchmark (S&P 500 Index).

Allspring Utility and Telecommunications Fund provided a 5.77% dividend yield over the last twelve months, with an annual payout of $1.21 per share.

The table displays the monthly dividend distributions for Allspring Utility and Telecommunications Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Allspring Utility and Telecommunications Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Allspring Utility and Telecommunications Fund was 56.00%, occurring on Jul 23, 2002. Recovery took 723 trading sessions.

The current Allspring Utility and Telecommunications Fund drawdown is 4.30%.

The chart below shows the rolling one-month volatility.