Correlation
The correlation between EKHAX and FGRIX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
EKHAX vs. FGRIX
Compare and contrast key facts about Allspring High Yield Bond Fund (EKHAX) and Fidelity Growth & Income Portfolio (FGRIX).
EKHAX is managed by Allspring Global Investments. It was launched on Jan 20, 1998. FGRIX is managed by Fidelity. It was launched on Dec 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKHAX or FGRIX.
Performance
EKHAX vs. FGRIX - Performance Comparison
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Key characteristics
EKHAX:
2.30
FGRIX:
0.87
EKHAX:
3.30
FGRIX:
1.18
EKHAX:
1.58
FGRIX:
1.18
EKHAX:
2.30
FGRIX:
0.84
EKHAX:
10.15
FGRIX:
3.44
EKHAX:
0.92%
FGRIX:
4.01%
EKHAX:
4.24%
FGRIX:
17.71%
EKHAX:
-34.72%
FGRIX:
-66.83%
EKHAX:
-0.18%
FGRIX:
-0.78%
Returns By Period
In the year-to-date period, EKHAX achieves a 1.63% return, which is significantly lower than FGRIX's 5.01% return. Over the past 10 years, EKHAX has underperformed FGRIX with an annualized return of 4.50%, while FGRIX has yielded a comparatively higher 11.51% annualized return.
EKHAX
1.63%
1.35%
1.88%
9.68%
7.76%
5.34%
4.50%
FGRIX
5.01%
6.51%
0.46%
15.30%
14.12%
17.71%
11.51%
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EKHAX vs. FGRIX - Expense Ratio Comparison
EKHAX has a 0.93% expense ratio, which is higher than FGRIX's 0.57% expense ratio.
Risk-Adjusted Performance
EKHAX vs. FGRIX — Risk-Adjusted Performance Rank
EKHAX
FGRIX
EKHAX vs. FGRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring High Yield Bond Fund (EKHAX) and Fidelity Growth & Income Portfolio (FGRIX). 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.
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Dividends
EKHAX vs. FGRIX - Dividend Comparison
EKHAX's dividend yield for the trailing twelve months is around 7.88%, more than FGRIX's 6.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKHAX Allspring High Yield Bond Fund | 7.88% | 9.46% | 8.86% | 5.10% | 3.50% | 3.62% | 4.11% | 4.64% | 4.32% | 4.12% | 4.31% | 4.28% |
FGRIX Fidelity Growth & Income Portfolio | 6.47% | 6.80% | 3.93% | 3.43% | 6.02% | 3.61% | 2.85% | 3.39% | 1.52% | 1.80% | 2.08% | 1.72% |
Drawdowns
EKHAX vs. FGRIX - Drawdown Comparison
The maximum EKHAX drawdown since its inception was -34.72%, smaller than the maximum FGRIX drawdown of -66.83%. Use the drawdown chart below to compare losses from any high point for EKHAX and FGRIX.
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Volatility
EKHAX vs. FGRIX - Volatility Comparison
The current volatility for Allspring High Yield Bond Fund (EKHAX) is 1.15%, while Fidelity Growth & Income Portfolio (FGRIX) has a volatility of 3.79%. This indicates that EKHAX experiences smaller price fluctuations and is considered to be less risky than FGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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