EMGAX vs. EKJAX

Last updated Jun 4, 2026

EMGAX (Allspring Emerging Markets Equity Fund) and EKJAX (Allspring Premier Large Company Growth Fund) are both mutual funds - EMGAX is a Emerging Markets Diversified fund managed by Allspring Global Investments, while EKJAX is a Large Cap Growth Equities fund managed by Allspring Global Investments. Over the past 10 years, EMGAX returned 9.75%/yr vs 16.44%/yr for EKJAX. A 0.61 correlation means they provide meaningful diversification when combined. EMGAX charges 1.43%/yr vs 1.11%/yr for EKJAX.

Performance

EMGAX vs. EKJAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Emerging Markets Equity Fund (EMGAX) and Allspring Premier Large Company Growth Fund (EKJAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMGAX achieves a 28.06% return, which is significantly higher than EKJAX's 7.22% return. Over the past 10 years, EMGAX has underperformed EKJAX with an annualized return of 9.75%, while EKJAX has yielded a comparatively higher 16.44% annualized return.

EMGAX

• 1D: 1.45%
• 1M: 11.41%
• YTD: 28.06%
• 6M: 30.83%
• 1Y: 55.55%
• 3Y*: 23.33%
• 5Y*: 5.22%
• 10Y*: 9.75%

EKJAX

• 1D: 0.50%
• 1M: 3.80%
• YTD: 7.22%
• 6M: 5.67%
• 1Y: 19.23%
• 3Y*: 24.27%
• 5Y*: 10.74%
• 10Y*: 16.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMGAX vs. EKJAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMGAX Allspring Emerging Markets Equity Fund	28.06%	36.30%	3.38%	8.37%	-19.74%	-12.13%	20.86%	27.57%	-16.09%	36.26%
EKJAX Allspring Premier Large Company Growth Fund	7.22%	16.28%	36.91%	33.14%	-33.88%	13.07%	39.03%	45.22%	1.13%	34.03%

Correlation

The correlation between EMGAX and EKJAX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 5, 1999	0.61

The correlation between EMGAX and EKJAX has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

Return for Risk

EMGAX vs. EKJAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMGAX

EMGAX Risk / Return Rank: 87
EMGAX Sharpe Ratio Rank: 94
EMGAX Sortino Ratio Rank: 86
EMGAX Omega Ratio Rank: 87
EMGAX Calmar Ratio Rank: 86
EMGAX Martin Ratio Rank: 81

EKJAX

EKJAX Risk / Return Rank: 14
EKJAX Sharpe Ratio Rank: 15
EKJAX Sortino Ratio Rank: 15
EKJAX Omega Ratio Rank: 15
EKJAX Calmar Ratio Rank: 11
EKJAX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMGAX vs. EKJAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Emerging Markets Equity Fund (EMGAX) and Allspring Premier Large Company Growth Fund (EKJAX). 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.

	EMGAX	EKJAX	Difference
Sharpe ratio Return per unit of total volatility	3.23	1.11	+2.12
Sortino ratio Return per unit of downside risk	4.07	1.59	+2.48
Omega ratio Gain probability vs. loss probability	1.60	1.20	+0.40
Calmar ratio Return relative to maximum drawdown	4.12	1.11	+3.01
Martin ratio Return relative to average drawdown	15.30	3.54	+11.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMGAX vs. EKJAX - Sharpe Ratio Comparison

The current EMGAX Sharpe Ratio is 3.23, which is higher than the EKJAX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of EMGAX and EKJAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMGAX	EKJAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.23	1.11	+2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.39	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.65	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.40	-0.03

Drawdowns

EMGAX vs. EKJAX - Drawdown Comparison

The maximum EMGAX drawdown since its inception was -61.83%, roughly equal to the maximum EKJAX drawdown of -59.70%. Use the drawdown chart below to compare losses from any high point for EMGAX and EKJAX.

Drawdown Indicators

	EMGAX	EKJAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.83%	-59.70%	-2.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-18.10%	+4.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	-25.48%	+10.28%
Max Drawdown (5Y) Largest decline over 5 years	-43.48%	-50.43%	+6.95%
Max Drawdown (10Y) Largest decline over 10 years	-45.89%	-50.43%	+4.54%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-17.20%	-20.57%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	5.65%	-2.00%

Volatility

EMGAX vs. EKJAX - Volatility Comparison

Allspring Emerging Markets Equity Fund (EMGAX) has a higher volatility of 7.08% compared to Allspring Premier Large Company Growth Fund (EKJAX) at 4.55%. This indicates that EMGAX's price experiences larger fluctuations and is considered to be riskier than EKJAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMGAX	EKJAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	4.55%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	14.54%	14.02%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	18.05%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	27.95%	-10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	25.39%	-7.20%

EMGAX vs. EKJAX - Expense Ratio Comparison

EMGAX has a 1.43% expense ratio, which is higher than EKJAX's 1.11% expense ratio.

Dividends

EMGAX vs. EKJAX - Dividend Comparison

EMGAX's dividend yield for the trailing twelve months is around 1.41%, less than EKJAX's 30.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKJAX Allspring Premier Large Company Growth Fund	30.23%	32.41%	20.46%	40.04%	0.00%	27.04%	12.00%	16.22%	21.24%	28.36%	11.30%	7.21%
EMGAX Allspring Emerging Markets Equity Fund	1.41%	1.80%	1.06%	0.92%	0.78%	0.24%	0.06%	0.67%	0.36%	1.49%	0.67%	0.59%

Frequently Asked Questions

Can I hold both EMGAX and EKJAX in my portfolio?

EMGAX and EKJAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMGAX or EKJAX?

EMGAX has higher volatility (7.08%) compared to EKJAX (4.55%). In terms of maximum drawdown, EMGAX dropped -61.83% vs EKJAX's -59.70%.

Which has better risk-adjusted returns?

EMGAX currently has the higher Sharpe Ratio (3.23 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.