EQIIX vs. AMT

Last updated Jun 24, 2026

EQIIX (Allspring Emerging Markets Equity Income Fund) is Emerging Markets Diversified fund managed by Allspring Global Investments, while AMT (American Tower Corporation) is a stock. Over the past 10 years, EQIIX returned 9.98%/yr vs 7.89%/yr for AMT. At a 0.24 correlation, their price movements are largely independent.

Performance

EQIIX vs. AMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Emerging Markets Equity Income Fund (EQIIX) and American Tower Corporation (AMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQIIX achieves a 29.87% return, which is significantly higher than AMT's 4.18% return. Over the past 10 years, EQIIX has outperformed AMT with an annualized return of 9.98%, while AMT has yielded a comparatively lower 7.89% annualized return.

EQIIX

• 1D: 0.37%
• 1M: 5.32%
• YTD: 29.87%
• 6M: 31.73%
• 1Y: 54.67%
• 3Y*: 25.15%
• 5Y*: 10.20%
• 10Y*: 9.98%

AMT

• 1D: 1.67%
• 1M: -1.50%
• YTD: 4.18%
• 6M: 5.83%
• 1Y: -15.94%
• 3Y*: 2.32%
• 5Y*: -4.51%
• 10Y*: 7.89%

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

EQIIX vs. AMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQIIX Allspring Emerging Markets Equity Income Fund	29.87%	28.19%	10.95%	12.25%	-17.91%	3.12%	7.70%	16.90%	-11.38%	24.97%
AMT American Tower Corporation	4.18%	-0.92%	-12.16%	5.37%	-25.67%	32.89%	-0.48%	47.87%	13.32%	37.71%

Correlation

The correlation between EQIIX and AMT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 4, 2012	0.24

The correlation between EQIIX and AMT shifts across timeframes, from -0.03 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EQIIX vs. AMT — Risk / Return Rank

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

EQIIX

EQIIX Risk / Return Rank: 86
EQIIX Sharpe Ratio Rank: 93
EQIIX Sortino Ratio Rank: 82
EQIIX Omega Ratio Rank: 85
EQIIX Calmar Ratio Rank: 86
EQIIX Martin Ratio Rank: 83

AMT

AMT Risk / Return Rank: 18
AMT Sharpe Ratio Rank: 14
AMT Sortino Ratio Rank: 15
AMT Omega Ratio Rank: 16
AMT Calmar Ratio Rank: 21
AMT Martin Ratio Rank: 26

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.

EQIIX vs. AMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Emerging Markets Equity Income Fund (EQIIX) and American Tower Corporation (AMT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EQIIX	AMT	Difference
Sharpe ratio: Return per unit of total volatility	2.92	-0.66	+3.58
Sortino ratio: Return per unit of downside risk	3.56	-0.81	+4.37
Omega ratio: Gain probability vs. loss probability	1.54	0.91	+0.63
Calmar ratio: Return relative to maximum drawdown	3.97	-0.60	+4.57
Martin ratio: Return relative to average drawdown	14.34	-0.86	+15.20

EQIIX vs. AMT - Sharpe Ratio Comparison

The current EQIIX Sharpe Ratio is 2.92, which is higher than the AMT Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of EQIIX and AMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQIIX vs. AMT - Drawdown Comparison

The maximum EQIIX drawdown since its inception was -38.13%, smaller than the maximum AMT drawdown of -98.70%. Use the drawdown chart below to compare losses from any high point for EQIIX and AMT.

Drawdown Indicators

	EQIIX	AMT	Difference
Max Drawdown Largest peak-to-trough decline	-38.13%	-98.70%	+60.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-26.67%	+12.96%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-27.54%	+9.90%
Max Drawdown (5Y) Largest decline over 5 years	-30.03%	-45.34%	+15.31%
Max Drawdown (10Y) Largest decline over 10 years	-38.13%	-45.34%	+7.21%
Current Drawdown Current decline from peak	-1.39%	-30.93%	+29.54%
Average Drawdown Average peak-to-trough decline	-10.17%	-27.02%	+16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	18.64%	-14.85%

Volatility

EQIIX vs. AMT - Volatility Comparison

Allspring Emerging Markets Equity Income Fund (EQIIX) has a higher volatility of 9.42% compared to American Tower Corporation (AMT) at 8.61%. This indicates that EQIIX's price experiences larger fluctuations and is considered to be riskier than AMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQIIX	AMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.42%	8.61%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	16.28%	19.60%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	24.44%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	26.44%	-10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	26.22%	-9.75%

Dividends

EQIIX vs. AMT - Dividend Comparison

EQIIX's dividend yield for the trailing twelve months is around 1.98%, less than AMT's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMT American Tower Corporation	3.89%	3.87%	3.53%	2.99%	2.77%	1.78%	2.02%	1.64%	1.99%	1.84%	2.05%	1.87%
EQIIX Allspring Emerging Markets Equity Income Fund	1.98%	2.58%	2.08%	2.53%	2.70%	2.92%	1.79%	2.46%	2.87%	1.80%	2.77%	2.38%

Frequently Asked Questions

Can I hold both EQIIX and AMT in my portfolio?

EQIIX and AMT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQIIX or AMT?

EQIIX has higher volatility (9.42%) compared to AMT (8.61%). In terms of maximum drawdown, EQIIX dropped -38.13% vs AMT's -98.70%.

Which has better risk-adjusted returns?

EQIIX currently has the higher Sharpe Ratio (2.92 vs -0.66), 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.