EKWAX vs. SPY
Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and State Street 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.
Performance
EKWAX vs. SPY - Performance Comparison
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EKWAX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, EKWAX achieves a 8.92% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, EKWAX has outperformed SPY with an annualized return of 18.20%, while SPY has yielded a comparatively lower 14.06% annualized return.
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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
EKWAX vs. SPY — Risk / Return Rank
EKWAX
SPY
EKWAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and State Street 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.
| EKWAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.63 | 0.96 | +1.67 |
Sortino ratioReturn per unit of downside risk | 2.76 | 1.49 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.53 | +2.47 |
Martin ratioReturn relative to average drawdown | 14.89 | 7.27 | +7.62 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 0.96 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.70 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.79 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.23 |
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.
Dividends
EKWAX vs. SPY - Dividend Comparison
EKWAX's dividend yield for the trailing twelve months is around 1.10%, less than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
EKWAX vs. SPY - Drawdown Comparison
The maximum EKWAX drawdown since its inception was -76.76%, 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.
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Drawdown Indicators
| EKWAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.76% | -55.19% | -21.57% |
Max Drawdown (1Y)Largest decline over 1 year | -29.03% | -12.05% | -16.98% |
Max Drawdown (5Y)Largest decline over 5 years | -42.79% | -24.50% | -18.29% |
Max Drawdown (10Y)Largest decline over 10 years | -49.23% | -33.72% | -15.51% |
Current DrawdownCurrent decline from peak | -19.01% | -5.53% | -13.48% |
Average DrawdownAverage peak-to-trough decline | -32.85% | -9.09% | -23.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 2.54% | +5.27% |
Volatility
EKWAX vs. SPY - Volatility Comparison
Allspring Precious Metals Fund (EKWAX) has a higher volatility of 17.42% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. 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.
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Volatility by Period
| EKWAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.42% | 5.35% | +12.07% |
Volatility (6M)Calculated over the trailing 6-month period | 36.22% | 9.50% | +26.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.87% | 19.06% | +24.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.80% | 17.06% | +15.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.17% | 17.92% | +15.25% |