ESPAX vs. FXAIX
Compare and contrast key facts about Allspring Special Small Cap Value Fund (ESPAX) and Fidelity 500 Index Fund (FXAIX).
ESPAX is managed by Allspring Global Investments. It was launched on May 7, 1993. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESPAX or FXAIX.
Key characteristics
| ESPAX | FXAIX | |
|---|---|---|
| YTD Return | 6.38% | 10.55% |
| 1Y Return | 25.82% | 28.81% |
| 3Y Return (Ann) | 3.22% | 9.63% |
| 5Y Return (Ann) | 9.20% | 14.68% |
| 10Y Return (Ann) | 8.59% | 12.98% |
| Sharpe Ratio | 1.58 | 2.52 |
| Daily Std Dev | 16.89% | 11.57% |
| Max Drawdown | -69.21% | -33.79% |
| Current Drawdown | -0.72% | 0.00% |
Correlation
The correlation between ESPAX and FXAIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ESPAX vs. FXAIX - Performance Comparison
In the year-to-date period, ESPAX achieves a 6.38% return, which is significantly lower than FXAIX's 10.55% return. Over the past 10 years, ESPAX has underperformed FXAIX with an annualized return of 8.59%, while FXAIX has yielded a comparatively higher 12.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ESPAX vs. FXAIX - Expense Ratio Comparison
ESPAX has a 1.24% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
ESPAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Small Cap Value Fund (ESPAX) 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
ESPAX vs. FXAIX - Dividend Comparison
ESPAX's dividend yield for the trailing twelve months is around 1.95%, more than FXAIX's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESPAX Allspring Special Small Cap Value Fund | 1.95% | 2.07% | 6.24% | 6.34% | 0.39% | 1.68% | 7.90% | 5.33% | 2.25% | 2.33% | 19.17% | 6.39% |
FXAIX Fidelity 500 Index Fund | 1.32% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
ESPAX vs. FXAIX - Drawdown Comparison
The maximum ESPAX drawdown since its inception was -69.21%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ESPAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
ESPAX vs. FXAIX - Volatility Comparison
Allspring Special Small Cap Value Fund (ESPAX) has a higher volatility of 3.64% compared to Fidelity 500 Index Fund (FXAIX) at 3.36%. This indicates that ESPAX'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.