EKWAX vs. ARKW
Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and ARK Next Generation Internet ETF (ARKW).
EKWAX is managed by Allspring Global Investments. It was launched on Jan 19, 1998. ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKWAX or ARKW.
Correlation
The correlation between EKWAX and ARKW is 0.15, 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.
Performance
EKWAX vs. ARKW - Performance Comparison
Key characteristics
EKWAX:
1.33
ARKW:
1.65
EKWAX:
1.85
ARKW:
2.22
EKWAX:
1.23
ARKW:
1.27
EKWAX:
0.68
ARKW:
0.84
EKWAX:
5.31
ARKW:
8.58
EKWAX:
7.05%
ARKW:
6.16%
EKWAX:
28.09%
ARKW:
32.00%
EKWAX:
-77.82%
ARKW:
-80.01%
EKWAX:
-32.49%
ARKW:
-40.17%
Returns By Period
In the year-to-date period, EKWAX achieves a 6.73% return, which is significantly higher than ARKW's 1.07% return. Over the past 10 years, EKWAX has underperformed ARKW with an annualized return of 5.97%, while ARKW has yielded a comparatively higher 21.26% annualized return.
EKWAX
6.73%
0.37%
2.32%
34.14%
7.96%
5.97%
ARKW
1.07%
-6.81%
29.01%
55.52%
12.54%
21.26%
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EKWAX vs. ARKW - Expense Ratio Comparison
EKWAX has a 1.09% expense ratio, which is higher than ARKW's 0.76% expense ratio.
Risk-Adjusted Performance
EKWAX vs. ARKW — Risk-Adjusted Performance Rank
EKWAX
ARKW
EKWAX vs. ARKW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and ARK Next Generation Internet ETF (ARKW). 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
EKWAX vs. ARKW - Dividend Comparison
Neither EKWAX nor ARKW has paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Allspring Precious Metals Fund | 0.00% | 0.00% | 0.00% | 2.01% | 1.35% | 1.45% | 0.11% | 0.00% | 1.34% | 1.11% | 0.00% |
ARK Next Generation Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 2.79% | 1.29% | 0.00% | 13.06% | 2.05% | 0.00% | 2.29% |
Drawdowns
EKWAX vs. ARKW - Drawdown Comparison
The maximum EKWAX drawdown since its inception was -77.82%, roughly equal to the maximum ARKW drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for EKWAX and ARKW. For additional features, visit the drawdowns tool.
Volatility
EKWAX vs. ARKW - Volatility Comparison
The current volatility for Allspring Precious Metals Fund (EKWAX) is 8.17%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 10.83%. This indicates that EKWAX experiences smaller price fluctuations and is considered to be less risky than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.