Correlation
The correlation between EKHAX and FTBFX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
EKHAX vs. FTBFX
Compare and contrast key facts about Allspring High Yield Bond Fund (EKHAX) and Fidelity Total Bond Fund (FTBFX).
EKHAX is managed by Allspring Global Investments. It was launched on Jan 20, 1998. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKHAX or FTBFX.
Performance
EKHAX vs. FTBFX - Performance Comparison
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Key characteristics
EKHAX:
2.30
FTBFX:
1.20
EKHAX:
3.30
FTBFX:
1.59
EKHAX:
1.58
FTBFX:
1.19
EKHAX:
2.30
FTBFX:
0.70
EKHAX:
10.15
FTBFX:
3.07
EKHAX:
0.92%
FTBFX:
1.83%
EKHAX:
4.24%
FTBFX:
5.27%
EKHAX:
-34.72%
FTBFX:
-17.61%
EKHAX:
-0.18%
FTBFX:
-3.06%
Returns By Period
In the year-to-date period, EKHAX achieves a 1.63% return, which is significantly lower than FTBFX's 2.19% return. Over the past 10 years, EKHAX has outperformed FTBFX with an annualized return of 4.50%, while FTBFX has yielded a comparatively lower 2.42% annualized return.
EKHAX
1.63%
1.35%
1.88%
9.68%
7.76%
5.34%
4.50%
FTBFX
2.19%
-0.73%
0.82%
6.37%
2.46%
0.57%
2.42%
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EKHAX vs. FTBFX - Expense Ratio Comparison
EKHAX has a 0.93% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
EKHAX vs. FTBFX — Risk-Adjusted Performance Rank
EKHAX
FTBFX
EKHAX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring High Yield Bond Fund (EKHAX) and Fidelity Total Bond Fund (FTBFX). 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. FTBFX - Dividend Comparison
EKHAX's dividend yield for the trailing twelve months is around 7.88%, more than FTBFX's 4.49% 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% |
FTBFX Fidelity Total Bond Fund | 4.49% | 4.51% | 4.15% | 3.34% | 2.23% | 5.23% | 3.04% | 3.19% | 2.98% | 3.21% | 3.71% | 3.14% |
Drawdowns
EKHAX vs. FTBFX - Drawdown Comparison
The maximum EKHAX drawdown since its inception was -34.72%, which is greater than FTBFX's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for EKHAX and FTBFX.
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Volatility
EKHAX vs. FTBFX - Volatility Comparison
The current volatility for Allspring High Yield Bond Fund (EKHAX) is 1.15%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.48%. This indicates that EKHAX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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