EMGAX vs. ESPAX
Compare and contrast key facts about Allspring Emerging Markets Equity Fund (EMGAX) and Allspring Special Small Cap Value Fund (ESPAX).
EMGAX is managed by Allspring Global Investments. It was launched on Sep 5, 1994. ESPAX is managed by Allspring Global Investments. It was launched on May 7, 1993.
Performance
EMGAX vs. ESPAX - Performance Comparison
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EMGAX vs. ESPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMGAX Allspring Emerging Markets Equity Fund | -1.17% | 36.30% | 3.38% | 8.37% | -19.74% | -12.13% | 20.86% | 27.57% | -16.09% | 36.26% |
ESPAX Allspring Special Small Cap Value Fund | -1.86% | -3.10% | 6.44% | 18.65% | -13.94% | 27.61% | 1.16% | 28.03% | -13.77% | 11.08% |
Returns By Period
In the year-to-date period, EMGAX achieves a -1.17% return, which is significantly higher than ESPAX's -1.86% return. Both investments have delivered pretty close results over the past 10 years, with EMGAX having a 7.11% annualized return and ESPAX not far ahead at 7.26%.
EMGAX
- 1D
- -0.12%
- 1M
- -12.56%
- YTD
- -1.17%
- 6M
- 3.30%
- 1Y
- 28.56%
- 3Y*
- 13.06%
- 5Y*
- 0.86%
- 10Y*
- 7.11%
ESPAX
- 1D
- -0.12%
- 1M
- -8.61%
- YTD
- -1.86%
- 6M
- -0.56%
- 1Y
- 1.56%
- 3Y*
- 5.23%
- 5Y*
- 2.01%
- 10Y*
- 7.26%
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EMGAX vs. ESPAX - Expense Ratio Comparison
EMGAX has a 1.43% expense ratio, which is higher than ESPAX's 1.24% expense ratio.
Return for Risk
EMGAX vs. ESPAX — Risk / Return Rank
EMGAX
ESPAX
EMGAX vs. ESPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Emerging Markets Equity Fund (EMGAX) and Allspring Special Small Cap Value Fund (ESPAX). 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 | ESPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 0.08 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.11 | 0.28 | +1.83 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | -0.01 | +1.92 |
Martin ratioReturn relative to average drawdown | 7.45 | -0.04 | +7.49 |
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
| EMGAX | ESPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 0.08 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.10 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.34 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.43 | -0.09 |
Correlation
The correlation between EMGAX and ESPAX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMGAX vs. ESPAX - Dividend Comparison
EMGAX's dividend yield for the trailing twelve months is around 1.83%, less than ESPAX's 8.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMGAX Allspring Emerging Markets Equity Fund | 1.83% | 1.80% | 1.06% | 0.92% | 0.78% | 0.24% | 0.06% | 0.67% | 0.36% | 1.49% | 0.67% | 0.59% |
ESPAX Allspring Special Small Cap Value Fund | 8.41% | 8.26% | 10.10% | 2.07% | 6.24% | 6.34% | 0.39% | 1.68% | 7.90% | 5.33% | 2.25% | 2.33% |
Drawdowns
EMGAX vs. ESPAX - Drawdown Comparison
The maximum EMGAX drawdown since its inception was -61.83%, roughly equal to the maximum ESPAX drawdown of -61.14%. Use the drawdown chart below to compare losses from any high point for EMGAX and ESPAX.
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Drawdown Indicators
| EMGAX | ESPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -61.14% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -13.80% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -43.48% | -26.84% | -16.64% |
Max Drawdown (10Y)Largest decline over 10 years | -45.89% | -43.28% | -2.61% |
Current DrawdownCurrent decline from peak | -13.59% | -12.69% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -9.17% | -8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 5.15% | -1.68% |
Volatility
EMGAX vs. ESPAX - Volatility Comparison
Allspring Emerging Markets Equity Fund (EMGAX) has a higher volatility of 8.18% compared to Allspring Special Small Cap Value Fund (ESPAX) at 5.65%. This indicates that EMGAX's price experiences larger fluctuations and is considered to be riskier than ESPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMGAX | ESPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 5.65% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 12.34% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 21.82% | -4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 20.18% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 21.34% | -3.34% |