EKHAX vs. FDFIX
Compare and contrast key facts about Allspring High Yield Bond Fund (EKHAX) and Fidelity Flex 500 Index Fund (FDFIX).
EKHAX is managed by Allspring Global Investments. It was launched on Jan 20, 1998. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKHAX or FDFIX.
Key characteristics
| EKHAX | FDFIX | |
|---|---|---|
| YTD Return | 1.57% | 10.02% |
| 1Y Return | 12.17% | 28.59% |
| 3Y Return (Ann) | 1.86% | 9.47% |
| 5Y Return (Ann) | 3.60% | 14.80% |
| Sharpe Ratio | 2.22 | 2.45 |
| Daily Std Dev | 5.31% | 11.61% |
| Max Drawdown | -34.72% | -33.77% |
| Current Drawdown | -0.67% | -0.50% |
Correlation
The correlation between EKHAX and FDFIX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EKHAX vs. FDFIX - Performance Comparison
In the year-to-date period, EKHAX achieves a 1.57% return, which is significantly lower than FDFIX's 10.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EKHAX vs. FDFIX - Expense Ratio Comparison
EKHAX has a 0.93% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
EKHAX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring High Yield Bond Fund (EKHAX) and Fidelity Flex 500 Index Fund (FDFIX). 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.
Dividends
EKHAX vs. FDFIX - Dividend Comparison
EKHAX's dividend yield for the trailing twelve months is around 8.58%, more than FDFIX's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKHAX Allspring High Yield Bond Fund | 8.58% | 8.86% | 5.10% | 3.49% | 3.62% | 4.10% | 4.67% | 4.32% | 4.12% | 4.31% | 4.28% | 4.57% |
FDFIX Fidelity Flex 500 Index Fund | 1.35% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EKHAX vs. FDFIX - Drawdown Comparison
The maximum EKHAX drawdown since its inception was -34.72%, roughly equal to the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for EKHAX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
EKHAX vs. FDFIX - Volatility Comparison
The current volatility for Allspring High Yield Bond Fund (EKHAX) is 1.25%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.63%. This indicates that EKHAX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.