EKGAX vs. MFWIX

Last updated Jun 6, 2026

EKGAX (Allspring Special Global Small Cap Fund) and MFWIX (MFS Global Total Return Fund Class I) are both Global Equities funds. Over the past 10 years, EKGAX returned 6.25%/yr vs 6.55%/yr for MFWIX. A 0.80 correlation means they provide meaningful diversification when combined. EKGAX charges 1.52%/yr vs 0.84%/yr for MFWIX.

Performance

EKGAX vs. MFWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Global Small Cap Fund (EKGAX) and MFS Global Total Return Fund Class I (MFWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EKGAX having a 5.64% return and MFWIX slightly lower at 5.46%. Both investments have delivered pretty close results over the past 10 years, with EKGAX having a 6.25% annualized return and MFWIX not far ahead at 6.55%.

EKGAX

• 1D: 0.38%
• 1M: 1.62%
• YTD: 5.64%
• 6M: 6.34%
• 1Y: 10.73%
• 3Y*: 4.88%
• 5Y*: -1.58%
• 10Y*: 6.25%

MFWIX

• 1D: 0.56%
• 1M: 0.56%
• YTD: 5.46%
• 6M: 6.88%
• 1Y: 14.32%
• 3Y*: 11.09%
• 5Y*: 4.88%
• 10Y*: 6.55%

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

EKGAX vs. MFWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EKGAX Allspring Special Global Small Cap Fund	5.64%	3.87%	-3.41%	14.20%	-24.78%	21.16%	9.76%	28.24%	-11.51%	24.12%
MFWIX MFS Global Total Return Fund Class I	5.46%	15.70%	4.25%	10.52%	-10.62%	8.59%	9.63%	18.49%	-6.96%	15.00%

Correlation

The correlation between EKGAX and MFWIX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997	0.80

The correlation between EKGAX and MFWIX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

EKGAX vs. MFWIX — Risk / Return Rank

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

EKGAX

EKGAX Risk / Return Rank: 9
EKGAX Sharpe Ratio Rank: 9
EKGAX Sortino Ratio Rank: 10
EKGAX Omega Ratio Rank: 9
EKGAX Calmar Ratio Rank: 8
EKGAX Martin Ratio Rank: 8

MFWIX

MFWIX Risk / Return Rank: 42
MFWIX Sharpe Ratio Rank: 46
MFWIX Sortino Ratio Rank: 47
MFWIX Omega Ratio Rank: 46
MFWIX Calmar Ratio Rank: 34
MFWIX Martin Ratio Rank: 35

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.

EKGAX vs. MFWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Global Small Cap Fund (EKGAX) and MFS Global Total Return Fund Class I (MFWIX). 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.

	EKGAX	MFWIX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.91	-1.21
Sortino ratio: Return per unit of downside risk	1.14	2.78	-1.64
Omega ratio: Gain probability vs. loss probability	1.13	1.36	-0.22
Calmar ratio: Return relative to maximum drawdown	0.71	2.11	-1.39
Martin ratio: Return relative to average drawdown	2.15	7.49	-5.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EKGAX vs. MFWIX - Sharpe Ratio Comparison

The current EKGAX Sharpe Ratio is 0.70, which is lower than the MFWIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of EKGAX and MFWIX, 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

	EKGAX	MFWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.91	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.54	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.68	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.72	-0.21

Drawdowns

EKGAX vs. MFWIX - Drawdown Comparison

The maximum EKGAX drawdown since its inception was -58.65%, which is greater than MFWIX's maximum drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for EKGAX and MFWIX.

Drawdown Indicators

	EKGAX	MFWIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.65%	-33.01%	-25.64%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-6.73%	-8.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.26%	-8.63%	-10.63%
Max Drawdown (5Y) Largest decline over 5 years	-43.15%	-20.22%	-22.93%
Max Drawdown (10Y) Largest decline over 10 years	-43.15%	-23.36%	-19.79%
Current Drawdown Current decline from peak	-20.99%	-0.94%	-20.05%
Average Drawdown Average peak-to-trough decline	-13.90%	-3.82%	-10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	1.89%	+3.05%

Volatility

EKGAX vs. MFWIX - Volatility Comparison

Allspring Special Global Small Cap Fund (EKGAX) has a higher volatility of 3.71% compared to MFS Global Total Return Fund Class I (MFWIX) at 2.13%. This indicates that EKGAX's price experiences larger fluctuations and is considered to be riskier than MFWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EKGAX	MFWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	2.13%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	5.70%	+5.03%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	7.41%	+7.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.17%	9.14%	+11.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	9.63%	+9.15%

EKGAX vs. MFWIX - Expense Ratio Comparison

EKGAX has a 1.52% expense ratio, which is higher than MFWIX's 0.84% expense ratio.

Dividends

EKGAX vs. MFWIX - Dividend Comparison

EKGAX's dividend yield for the trailing twelve months is around 1.21%, less than MFWIX's 8.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKGAX Allspring Special Global Small Cap Fund	1.21%	1.27%	1.51%	0.00%	4.32%	16.71%	0.00%	7.06%	10.04%	12.29%	6.98%	5.20%
MFWIX MFS Global Total Return Fund Class I	8.31%	8.77%	9.36%	3.98%	2.94%	10.71%	7.53%	4.70%	3.64%	2.36%	1.40%	4.59%

Frequently Asked Questions

Can I hold both EKGAX and MFWIX in my portfolio?

EKGAX and MFWIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EKGAX or MFWIX?

EKGAX has higher volatility (3.71%) compared to MFWIX (2.13%). In terms of maximum drawdown, EKGAX dropped -58.65% vs MFWIX's -33.01%.

Which has better risk-adjusted returns?

MFWIX currently has the higher Sharpe Ratio (1.91 vs 0.70), 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.