Correlation
The correlation between EKWAX and FUTY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
EKWAX vs. FUTY
Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and Fidelity MSCI Utilities Index ETF (FUTY).
EKWAX is managed by Allspring Global Investments. It was launched on Jan 19, 1998. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKWAX or FUTY.
Performance
EKWAX vs. FUTY - Performance Comparison
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Key characteristics
EKWAX:
1.99
FUTY:
1.10
EKWAX:
2.49
FUTY:
1.41
EKWAX:
1.33
FUTY:
1.18
EKWAX:
1.53
FUTY:
1.67
EKWAX:
8.98
FUTY:
4.20
EKWAX:
7.00%
FUTY:
4.02%
EKWAX:
31.86%
FUTY:
17.07%
EKWAX:
-76.76%
FUTY:
-36.44%
EKWAX:
-1.30%
FUTY:
-1.97%
Returns By Period
In the year-to-date period, EKWAX achieves a 51.89% return, which is significantly higher than FUTY's 8.01% return. Over the past 10 years, EKWAX has outperformed FUTY with an annualized return of 11.57%, while FUTY has yielded a comparatively lower 9.57% annualized return.
EKWAX
51.89%
4.76%
41.26%
62.72%
22.77%
11.59%
11.57%
FUTY
8.01%
2.05%
-0.50%
18.58%
5.71%
9.49%
9.57%
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EKWAX vs. FUTY - Expense Ratio Comparison
EKWAX has a 1.09% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Risk-Adjusted Performance
EKWAX vs. FUTY — Risk-Adjusted Performance Rank
EKWAX
FUTY
EKWAX vs. FUTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and Fidelity MSCI Utilities Index ETF (FUTY). 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
EKWAX vs. FUTY - Dividend Comparison
EKWAX's dividend yield for the trailing twelve months is around 0.55%, less than FUTY's 2.74% 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% |
FUTY Fidelity MSCI Utilities Index ETF | 2.74% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% |
Drawdowns
EKWAX vs. FUTY - Drawdown Comparison
The maximum EKWAX drawdown since its inception was -76.76%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for EKWAX and FUTY.
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Volatility
EKWAX vs. FUTY - Volatility Comparison
Allspring Precious Metals Fund (EKWAX) has a higher volatility of 13.56% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 4.72%. This indicates that EKWAX's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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