EQIIX vs. FXAIX
Compare and contrast key facts about Allspring Emerging Markets Equity Income Fund (EQIIX) and Fidelity 500 Index Fund (FXAIX).
EQIIX is managed by Allspring Global Investments. It was launched on May 30, 2012. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQIIX or FXAIX.
Correlation
The correlation between EQIIX and FXAIX is 0.59, 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.
Performance
EQIIX vs. FXAIX - Performance Comparison
Key characteristics
EQIIX:
0.91
FXAIX:
1.87
EQIIX:
1.29
FXAIX:
2.52
EQIIX:
1.17
FXAIX:
1.34
EQIIX:
0.96
FXAIX:
2.83
EQIIX:
2.40
FXAIX:
11.72
EQIIX:
5.18%
FXAIX:
2.04%
EQIIX:
13.69%
FXAIX:
12.76%
EQIIX:
-38.12%
FXAIX:
-33.79%
EQIIX:
-6.12%
FXAIX:
-0.42%
Returns By Period
In the year-to-date period, EQIIX achieves a 3.54% return, which is significantly lower than FXAIX's 4.19% return. Over the past 10 years, EQIIX has underperformed FXAIX with an annualized return of 3.56%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
EQIIX
3.54%
3.62%
1.23%
11.91%
4.27%
3.56%
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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EQIIX vs. FXAIX - Expense Ratio Comparison
EQIIX has a 1.22% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
EQIIX vs. FXAIX — Risk-Adjusted Performance Rank
EQIIX
FXAIX
EQIIX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Emerging Markets Equity Income Fund (EQIIX) and Fidelity 500 Index Fund (FXAIX). 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
EQIIX vs. FXAIX - Dividend Comparison
EQIIX's dividend yield for the trailing twelve months is around 2.01%, more than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQIIX Allspring Emerging Markets Equity Income Fund | 2.01% | 2.08% | 2.53% | 2.69% | 2.92% | 1.93% | 2.47% | 2.88% | 1.81% | 2.76% | 2.40% | 3.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
EQIIX vs. FXAIX - Drawdown Comparison
The maximum EQIIX drawdown since its inception was -38.12%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for EQIIX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
EQIIX vs. FXAIX - Volatility Comparison
Allspring Emerging Markets Equity Income Fund (EQIIX) has a higher volatility of 3.91% compared to Fidelity 500 Index Fund (FXAIX) at 3.00%. This indicates that EQIIX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.