EKWAX vs. SPY
Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and SPDR S&P 500 ETF (SPY).
EKWAX is managed by Allspring Global Investments. It was launched on Jan 19, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKWAX or SPY.
Correlation
The correlation between EKWAX and SPY is 0.19, 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. SPY - Performance Comparison
Key characteristics
EKWAX:
2.33
SPY:
1.75
EKWAX:
2.92
SPY:
2.36
EKWAX:
1.37
SPY:
1.32
EKWAX:
1.16
SPY:
2.66
EKWAX:
9.44
SPY:
11.01
EKWAX:
6.80%
SPY:
2.03%
EKWAX:
27.61%
SPY:
12.77%
EKWAX:
-77.82%
SPY:
-55.19%
EKWAX:
-23.71%
SPY:
-2.12%
Returns By Period
In the year-to-date period, EKWAX achieves a 19.61% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, EKWAX has underperformed SPY with an annualized return of 8.51%, while SPY has yielded a comparatively higher 12.96% annualized return.
EKWAX
19.61%
8.73%
11.33%
69.29%
9.19%
8.51%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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EKWAX vs. SPY - Expense Ratio Comparison
EKWAX has a 1.09% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EKWAX vs. SPY — Risk-Adjusted Performance Rank
EKWAX
SPY
EKWAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
EKWAX's dividend yield for the trailing twelve months is around 0.70%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKWAX Allspring Precious Metals Fund | 0.70% | 0.84% | 0.00% | 2.01% | 1.35% | 1.45% | 0.11% | 0.00% | 1.34% | 1.11% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EKWAX vs. SPY - Drawdown Comparison
The maximum EKWAX drawdown since its inception was -77.82%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EKWAX and SPY. For additional features, visit the drawdowns tool.
Volatility
EKWAX vs. SPY - Volatility Comparison
Allspring Precious Metals Fund (EKWAX) has a higher volatility of 7.72% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that EKWAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.