EKOAX vs. SPY
Compare and contrast key facts about Allspring Discovery All Cap Growth Fund (EKOAX) and SPDR S&P 500 ETF (SPY).
EKOAX is managed by Allspring Global Investments. It was launched on Apr 29, 1968. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKOAX or SPY.
Correlation
The correlation between EKOAX and SPY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EKOAX vs. SPY - Performance Comparison
Key characteristics
Returns By Period
EKOAX
N/A
N/A
N/A
N/A
N/A
N/A
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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EKOAX vs. SPY - Expense Ratio Comparison
EKOAX has a 1.26% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EKOAX vs. SPY — Risk-Adjusted Performance Rank
EKOAX
SPY
EKOAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery All Cap Growth Fund (EKOAX) and SPDR S&P 500 ETF (SPY). 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
EKOAX vs. SPY - Dividend Comparison
EKOAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKOAX Allspring Discovery All Cap Growth Fund | 15.45% | 15.45% | 5.26% | 10.67% | 13.69% | 5.94% | 5.66% | 13.71% | 14.42% | 2.81% | 9.38% | 14.39% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EKOAX vs. SPY - Drawdown Comparison
Volatility
EKOAX vs. SPY - Volatility Comparison
The current volatility for Allspring Discovery All Cap Growth Fund (EKOAX) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.45%. This indicates that EKOAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.