ESPAX vs. FISVX
ESPAX (Allspring Special Small Cap Value Fund) and FISVX (Fidelity Small Cap Value Index Fund) are both Small Cap Value Equities funds. Over the past 5 years, ESPAX returned 4.88%/yr vs 9.16%/yr for FISVX. Their 0.95 correlation means they have historically moved very closely together. ESPAX charges 1.24%/yr vs 0.05%/yr for FISVX.
Performance
ESPAX vs. FISVX - Performance Comparison
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Returns By Period
In the year-to-date period, ESPAX achieves a 13.11% return, which is significantly lower than FISVX's 23.30% return.
ESPAX
- 1D
- 0.08%
- 1M
- -0.90%
- 6M
- 6.87%
- YTD
- 13.11%
- 1Y
- 17.70%
- 3Y*
- 6.93%
- 5Y*
- 4.88%
- 10Y*
- 7.96%
- ALL TIME*
- 8.68%
FISVX
- 1D
- 0.09%
- 1M
- 0.32%
- 6M
- 15.40%
- YTD
- 23.30%
- 1Y
- 43.97%
- 3Y*
- 16.04%
- 5Y*
- 9.16%
- 10Y*
- —
- ALL TIME*
- 11.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ESPAX vs. FISVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESPAX Allspring Special Small Cap Value Fund | 13.11% | -3.10% | 6.44% | 18.65% | -13.94% | 27.61% | 1.16% | 9.75% |
FISVX Fidelity Small Cap Value Index Fund | 23.30% | 12.70% | 8.16% | 14.72% | -14.42% | 28.26% | 4.49% | 9.54% |
Correlation
The correlation between ESPAX and FISVX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.95 |
The correlation between ESPAX and FISVX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
ESPAX vs. FISVX — Risk / Return Rank
ESPAX
FISVX
ESPAX vs. FISVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Small Cap Value Fund (ESPAX) and Fidelity Small Cap Value Index Fund (FISVX). 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.
| ESPAX | FISVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 4.64 | -3.54 |
| Martin ratioReturn relative to average drawdown | 3.21 | 16.78 | -13.57 |
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Drawdowns
ESPAX vs. FISVX - Drawdown Comparison
The maximum ESPAX drawdown since its inception was -61.14%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for ESPAX and FISVX.
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Drawdown Indicators
| ESPAX | FISVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -44.66% | -16.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -8.54% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -26.50% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.84% | -26.50% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -43.28% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -0.97% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -10.12% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 2.36% | +2.26% |
Volatility
ESPAX vs. FISVX - Volatility Comparison
Allspring Special Small Cap Value Fund (ESPAX) has a higher volatility of 4.56% compared to Fidelity Small Cap Value Index Fund (FISVX) at 3.16%. This indicates that ESPAX's price experiences larger fluctuations and is considered to be riskier than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPAX | FISVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 3.16% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 12.00% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 17.61% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.16% | 21.52% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 26.52% | -5.15% |
ESPAX vs. FISVX - Expense Ratio Comparison
ESPAX has a 1.24% expense ratio, which is higher than FISVX's 0.05% expense ratio.
Dividends
ESPAX vs. FISVX - Dividend Comparison
ESPAX's dividend yield for the trailing twelve months is around 7.30%, more than FISVX's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESPAX Allspring Special Small Cap Value Fund | 7.30% | 8.26% | 10.10% | 2.07% | 6.24% | 6.34% | 0.39% | 1.68% | 7.90% | 5.33% | 2.25% | 2.33% |
FISVX Fidelity Small Cap Value Index Fund | 1.77% | 2.18% | 1.70% | 2.06% | 3.69% | 9.55% | 1.33% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESPAX and FISVX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESPAX has higher volatility (4.56%) compared to FISVX (3.16%). In terms of maximum drawdown, ESPAX dropped -61.14% vs FISVX's -44.66%.
FISVX currently has the higher Sharpe Ratio (2.25 vs 0.84), 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.
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