EAD vs. ERC
EAD (Emerging Markets Dividend Fund) is Emerging Markets Equities fund managed by Emerging Markets Fund Manager, while ERC (Allspring Multi-Sector Income Fund) is a stock. Over the past 10 years, EAD returned 7.31%/yr vs 6.20%/yr for ERC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
EAD vs. ERC - Performance Comparison
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Returns By Period
In the year-to-date period, EAD achieves a -0.79% return, which is significantly lower than ERC's 1.36% return. Over the past 10 years, EAD has outperformed ERC with an annualized return of 7.31%, while ERC has yielded a comparatively lower 6.20% annualized return.
EAD
- 1D
- 0.16%
- 1M
- -0.56%
- YTD
- -0.79%
- 6M
- -0.93%
- 1Y
- 2.08%
- 3Y*
- 10.42%
- 5Y*
- 3.04%
- 10Y*
- 7.31%
ERC
- 1D
- -0.22%
- 1M
- 0.82%
- YTD
- 1.36%
- 6M
- 0.82%
- 1Y
- 5.98%
- 3Y*
- 9.41%
- 5Y*
- 2.19%
- 10Y*
- 6.20%
EAD vs. ERC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | -0.79% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -6.52% | 7.80% |
ERC Allspring Multi-Sector Income Fund | 1.36% | 11.10% | 6.10% | 4.88% | -17.77% | 18.77% | 4.36% | 28.05% | -5.94% | 11.99% |
Correlation
The correlation between EAD and ERC is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2003 | 0.51 |
The correlation between EAD and ERC has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.
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Return for Risk
EAD vs. ERC — Risk / Return Rank
EAD
ERC
EAD vs. ERC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Dividend Fund (EAD) and Allspring Multi-Sector Income Fund (ERC). 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.
| EAD | ERC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.12 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.87 | -0.62 |
| Martin ratioReturn relative to average drawdown | 0.96 | 2.88 | -1.92 |
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Drawdowns
EAD vs. ERC - Drawdown Comparison
The maximum EAD drawdown since its inception was -67.37%, which is greater than ERC's maximum drawdown of -47.41%. Use the drawdown chart below to compare losses from any high point for EAD and ERC.
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Drawdown Indicators
| EAD | ERC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.37% | -47.41% | -19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.88% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -10.04% | -2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -33.65% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -41.33% | -0.21% |
Current DrawdownCurrent decline from peak | -3.47% | -1.77% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -6.85% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.08% | +0.09% |
Volatility
EAD vs. ERC - Volatility Comparison
The current volatility for Emerging Markets Dividend Fund (EAD) is 2.34%, while Allspring Multi-Sector Income Fund (ERC) has a volatility of 2.80%. This indicates that EAD experiences smaller price fluctuations and is considered to be less risky than ERC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAD | ERC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.80% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.45% | 7.08% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 9.52% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 13.38% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 15.83% | +0.31% |
Dividends
EAD vs. ERC - Dividend Comparison
EAD's dividend yield for the trailing twelve months is around 10.01%, more than ERC's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | 10.01% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
ERC Allspring Multi-Sector Income Fund | 9.66% | 9.35% | 8.65% | 8.44% | 10.70% | 8.51% | 9.51% | 9.35% | 11.56% | 9.66% | 8.80% | 13.67% |
Frequently Asked Questions
EAD and ERC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERC has higher volatility (2.80%) compared to EAD (2.34%). In terms of maximum drawdown, EAD dropped -67.37% vs ERC's -47.41%.
ERC currently has the higher Sharpe Ratio (0.63 vs 0.22), 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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