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:
2.44
SPY:
0.30
EKWAX:
2.97
SPY:
0.56
EKWAX:
1.40
SPY:
1.08
EKWAX:
1.65
SPY:
0.31
EKWAX:
10.65
SPY:
1.40
EKWAX:
6.89%
SPY:
4.18%
EKWAX:
30.08%
SPY:
19.64%
EKWAX:
-77.82%
SPY:
-55.19%
EKWAX:
-3.17%
SPY:
-13.86%
Returns By Period
In the year-to-date period, EKWAX achieves a 51.80% return, which is significantly higher than SPY's -9.91% return. Both investments have delivered pretty close results over the past 10 years, with EKWAX having a 11.87% annualized return and SPY not far behind at 11.54%.
EKWAX
51.80%
15.70%
27.73%
68.75%
14.46%
11.87%
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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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 0.55%, less than SPY's 1.36% 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% |
SPY SPDR S&P 500 ETF | 1.36% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 13.95% and 14.52%, 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.