EKWAX vs. GDX
Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and VanEck Gold Miners ETF (GDX).
EKWAX is managed by Allspring Global Investments. It was launched on Jan 19, 1998. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE MarketVector Global Gold Miners Index. It was launched on May 16, 2006.
Performance
EKWAX vs. GDX - Performance Comparison
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EKWAX vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EKWAX Allspring Precious Metals Fund | 8.92% | 163.65% | 21.28% | 8.83% | -7.75% | -11.00% | 24.40% | 40.35% | -12.83% | 9.66% |
GDX VanEck Gold Miners ETF | 11.94% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Returns By Period
In the year-to-date period, EKWAX achieves a 8.92% return, which is significantly lower than GDX's 11.94% return. Both investments have delivered pretty close results over the past 10 years, with EKWAX having a 18.20% annualized return and GDX not far behind at 18.07%.
EKWAX
- 1D
- 6.98%
- 1M
- -18.83%
- YTD
- 8.92%
- 6M
- 26.99%
- 1Y
- 114.34%
- 3Y*
- 49.72%
- 5Y*
- 27.92%
- 10Y*
- 18.20%
GDX
- 1D
- 4.62%
- 1M
- -16.76%
- YTD
- 11.94%
- 6M
- 25.38%
- 1Y
- 111.15%
- 3Y*
- 45.40%
- 5Y*
- 25.09%
- 10Y*
- 18.07%
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EKWAX vs. GDX - Expense Ratio Comparison
EKWAX has a 1.09% expense ratio, which is higher than GDX's 0.51% expense ratio.
Return for Risk
EKWAX vs. GDX — Risk / Return Rank
EKWAX
GDX
EKWAX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and VanEck Gold Miners ETF (GDX). 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.
| EKWAX | GDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.63 | 2.42 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.60 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 3.58 | +0.43 |
Martin ratioReturn relative to average drawdown | 14.89 | 12.86 | +2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EKWAX | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.42 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.71 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.14 | +0.19 |
Correlation
The correlation between EKWAX and GDX is 0.97, 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.
Dividends
EKWAX vs. GDX - Dividend Comparison
EKWAX's dividend yield for the trailing twelve months is around 1.10%, more than GDX's 0.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKWAX Allspring Precious Metals Fund | 1.10% | 1.19% | 0.84% | 0.00% | 2.01% | 1.35% | 1.45% | 0.11% | 0.00% | 1.34% | 1.11% | 0.00% |
GDX VanEck Gold Miners ETF | 0.66% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Drawdowns
EKWAX vs. GDX - Drawdown Comparison
The maximum EKWAX drawdown since its inception was -76.76%, roughly equal to the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for EKWAX and GDX.
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Drawdown Indicators
| EKWAX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.76% | -80.34% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -29.03% | -30.84% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -42.79% | -46.51% | +3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -49.23% | -49.79% | +0.56% |
Current DrawdownCurrent decline from peak | -19.01% | -17.12% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -32.85% | -40.60% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 8.58% | -0.77% |
Volatility
EKWAX vs. GDX - Volatility Comparison
Allspring Precious Metals Fund (EKWAX) and VanEck Gold Miners ETF (GDX) have volatilities of 17.42% and 17.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EKWAX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.42% | 17.26% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 36.22% | 38.43% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.87% | 46.20% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.80% | 35.76% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.17% | 37.46% | -4.29% |