EKVAX vs. DMREX
Compare and contrast key facts about Allspring Pennsylvania Tax-Free Fund (EKVAX) and DFA Municipal Real Return Portfolio (DMREX).
EKVAX is managed by Allspring Global Investments. It was launched on Dec 26, 1990. DMREX is managed by Dimensional. It was launched on Nov 3, 2014.
Performance
EKVAX vs. DMREX - Performance Comparison
Loading graphics...
EKVAX vs. DMREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EKVAX Allspring Pennsylvania Tax-Free Fund | -0.41% | 3.18% | 2.70% | 5.04% | -9.21% | 2.15% | 3.64% | 6.85% | 1.26% | 5.00% |
DMREX DFA Municipal Real Return Portfolio | 1.10% | 2.77% | 3.10% | 2.56% | -1.42% | 6.75% | 4.11% | 6.64% | -0.51% | 2.57% |
Returns By Period
In the year-to-date period, EKVAX achieves a -0.41% return, which is significantly lower than DMREX's 1.10% return. Over the past 10 years, EKVAX has underperformed DMREX with an annualized return of 1.75%, while DMREX has yielded a comparatively higher 2.77% annualized return.
EKVAX
- 1D
- 0.19%
- 1M
- -2.12%
- YTD
- -0.41%
- 6M
- 1.06%
- 1Y
- 3.20%
- 3Y*
- 2.79%
- 5Y*
- 0.55%
- 10Y*
- 1.75%
DMREX
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 1.10%
- 6M
- 1.08%
- 1Y
- 2.58%
- 3Y*
- 2.54%
- 5Y*
- 2.70%
- 10Y*
- 2.77%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EKVAX vs. DMREX - Expense Ratio Comparison
EKVAX has a 0.74% expense ratio, which is higher than DMREX's 0.24% expense ratio.
Return for Risk
EKVAX vs. DMREX — Risk / Return Rank
EKVAX
DMREX
EKVAX vs. DMREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Pennsylvania Tax-Free Fund (EKVAX) and DFA Municipal Real Return Portfolio (DMREX). 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.
| EKVAX | DMREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 2.31 | -1.54 |
Sortino ratioReturn per unit of downside risk | 1.05 | 3.35 | -2.30 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.62 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.90 | -2.00 |
Martin ratioReturn relative to average drawdown | 2.68 | 9.38 | -6.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EKVAX | DMREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 2.31 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 1.10 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.88 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 0.86 | +0.60 |
Correlation
The correlation between EKVAX and DMREX is 0.28, 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.
Dividends
EKVAX vs. DMREX - Dividend Comparison
EKVAX's dividend yield for the trailing twelve months is around 2.95%, less than DMREX's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKVAX Allspring Pennsylvania Tax-Free Fund | 2.95% | 3.18% | 3.03% | 2.70% | 2.55% | 2.38% | 2.70% | 3.33% | 3.32% | 3.13% | 3.11% | 3.41% |
DMREX DFA Municipal Real Return Portfolio | 3.30% | 2.95% | 3.55% | 1.96% | 1.16% | 0.98% | 1.44% | 2.26% | 1.54% | 1.32% | 1.15% | 1.09% |
Drawdowns
EKVAX vs. DMREX - Drawdown Comparison
The maximum EKVAX drawdown since its inception was -13.30%, roughly equal to the maximum DMREX drawdown of -13.22%. Use the drawdown chart below to compare losses from any high point for EKVAX and DMREX.
Loading graphics...
Drawdown Indicators
| EKVAX | DMREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.30% | -13.22% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -0.92% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -5.33% | -7.97% |
Max Drawdown (10Y)Largest decline over 10 years | -13.30% | -13.22% | -0.08% |
Current DrawdownCurrent decline from peak | -2.12% | -0.32% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.89% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.29% | +1.19% |
Volatility
EKVAX vs. DMREX - Volatility Comparison
Allspring Pennsylvania Tax-Free Fund (EKVAX) has a higher volatility of 0.96% compared to DFA Municipal Real Return Portfolio (DMREX) at 0.49%. This indicates that EKVAX's price experiences larger fluctuations and is considered to be riskier than DMREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EKVAX | DMREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.49% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 0.71% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 1.17% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 2.47% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 3.14% | +0.29% |