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:
1.33
SPY:
1.88
EKWAX:
1.85
SPY:
2.51
EKWAX:
1.23
SPY:
1.35
EKWAX:
0.68
SPY:
2.83
EKWAX:
5.31
SPY:
11.89
EKWAX:
7.05%
SPY:
2.00%
EKWAX:
28.09%
SPY:
12.69%
EKWAX:
-77.82%
SPY:
-55.19%
EKWAX:
-32.49%
SPY:
-3.89%
Returns By Period
In the year-to-date period, EKWAX achieves a 6.73% return, which is significantly higher than SPY's -0.66% return. Over the past 10 years, EKWAX has underperformed SPY with an annualized return of 5.97%, while SPY has yielded a comparatively higher 13.18% annualized return.
EKWAX
6.73%
0.37%
2.32%
34.14%
7.96%
5.97%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKWAX Allspring Precious Metals Fund | 0.00% | 0.00% | 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 | 1.21% | 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 8.17% compared to SPDR S&P 500 ETF (SPY) at 4.61%. 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.