EKWAX vs. FRESX
Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and Fidelity Real Estate Investment Portfolio (FRESX).
EKWAX is managed by Allspring Global Investments. It was launched on Jan 19, 1998. FRESX is managed by Fidelity. It was launched on Nov 17, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKWAX or FRESX.
Correlation
The correlation between EKWAX and FRESX is 0.20, 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. FRESX - Performance Comparison
Key characteristics
EKWAX:
2.44
FRESX:
0.74
EKWAX:
2.97
FRESX:
1.11
EKWAX:
1.40
FRESX:
1.15
EKWAX:
1.65
FRESX:
0.39
EKWAX:
10.65
FRESX:
2.19
EKWAX:
6.89%
FRESX:
6.02%
EKWAX:
30.08%
FRESX:
17.77%
EKWAX:
-77.82%
FRESX:
-75.98%
EKWAX:
-3.17%
FRESX:
-24.37%
Returns By Period
In the year-to-date period, EKWAX achieves a 51.80% return, which is significantly higher than FRESX's -0.21% return. Over the past 10 years, EKWAX has outperformed FRESX with an annualized return of 11.87%, while FRESX has yielded a comparatively lower 1.61% annualized return.
EKWAX
51.80%
15.70%
27.73%
68.75%
14.46%
11.87%
FRESX
-0.21%
-2.88%
-9.45%
13.59%
3.68%
1.61%
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EKWAX vs. FRESX - Expense Ratio Comparison
EKWAX has a 1.09% expense ratio, which is higher than FRESX's 0.71% expense ratio.
Risk-Adjusted Performance
EKWAX vs. FRESX — Risk-Adjusted Performance Rank
EKWAX
FRESX
EKWAX vs. FRESX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and Fidelity Real Estate Investment Portfolio (FRESX). 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. FRESX - Dividend Comparison
EKWAX's dividend yield for the trailing twelve months is around 0.55%, less than FRESX's 2.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKWAX Allspring Precious Metals Fund | 0.55% | 0.84% | 0.00% | 2.01% | 1.35% | 1.45% | 0.11% | 0.00% | 1.34% | 1.11% | 0.00% | 0.00% |
FRESX Fidelity Real Estate Investment Portfolio | 2.11% | 2.11% | 2.31% | 1.71% | 0.78% | 2.93% | 2.36% | 2.57% | 1.80% | 1.73% | 5.54% | 1.66% |
Drawdowns
EKWAX vs. FRESX - Drawdown Comparison
The maximum EKWAX drawdown since its inception was -77.82%, roughly equal to the maximum FRESX drawdown of -75.98%. Use the drawdown chart below to compare losses from any high point for EKWAX and FRESX. For additional features, visit the drawdowns tool.
Volatility
EKWAX vs. FRESX - Volatility Comparison
Allspring Precious Metals Fund (EKWAX) has a higher volatility of 13.95% compared to Fidelity Real Estate Investment Portfolio (FRESX) at 10.07%. This indicates that EKWAX's price experiences larger fluctuations and is considered to be riskier than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.