ESPAX vs. SSTHX
Compare and contrast key facts about Allspring Special Small Cap Value Fund (ESPAX) and Allspring Short-Term High Yield Bond Fund (SSTHX).
ESPAX is managed by Allspring Global Investments. It was launched on May 7, 1993. SSTHX is managed by Allspring Global Investments. It was launched on Feb 29, 2000.
Performance
ESPAX vs. SSTHX - Performance Comparison
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ESPAX vs. SSTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSTHX Allspring Short-Term High Yield Bond Fund | -0.75% | 6.48% | 6.28% | 6.86% | -2.32% | 3.16% | 5.44% | 6.64% | 0.59% | 2.21% |
Returns By Period
In the year-to-date period, ESPAX achieves a -1.86% return, which is significantly lower than SSTHX's -0.75% return. Over the past 10 years, ESPAX has outperformed SSTHX with an annualized return of 7.26%, while SSTHX has yielded a comparatively lower 3.72% annualized return.
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%
SSTHX
- 1D
- 0.13%
- 1M
- -1.27%
- YTD
- -0.75%
- 6M
- 0.75%
- 1Y
- 4.56%
- 3Y*
- 5.59%
- 5Y*
- 3.77%
- 10Y*
- 3.72%
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ESPAX vs. SSTHX - Expense Ratio Comparison
ESPAX has a 1.24% expense ratio, which is higher than SSTHX's 0.94% expense ratio.
Return for Risk
ESPAX vs. SSTHX — Risk / Return Rank
ESPAX
SSTHX
ESPAX vs. SSTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Small Cap Value Fund (ESPAX) and Allspring Short-Term High Yield Bond Fund (SSTHX). 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.
| ESPAX | SSTHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 1.85 | -1.77 |
Sortino ratioReturn per unit of downside risk | 0.28 | 2.91 | -2.63 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.48 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.59 | -2.60 |
Martin ratioReturn relative to average drawdown | -0.04 | 11.95 | -11.99 |
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
| ESPAX | SSTHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 1.85 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.23 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 1.06 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.24 | -0.81 |
Correlation
The correlation between ESPAX and SSTHX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ESPAX vs. SSTHX - Dividend Comparison
ESPAX's dividend yield for the trailing twelve months is around 8.41%, more than SSTHX's 5.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSTHX Allspring Short-Term High Yield Bond Fund | 5.16% | 5.61% | 5.81% | 5.04% | 3.85% | 3.35% | 3.34% | 3.27% | 3.16% | 2.81% | 2.93% | 2.76% |
Drawdowns
ESPAX vs. SSTHX - Drawdown Comparison
The maximum ESPAX drawdown since its inception was -61.14%, which is greater than SSTHX's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for ESPAX and SSTHX.
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Drawdown Indicators
| ESPAX | SSTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -14.24% | -46.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -1.91% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.84% | -6.05% | -20.79% |
Max Drawdown (10Y)Largest decline over 10 years | -43.28% | -14.24% | -29.04% |
Current DrawdownCurrent decline from peak | -12.69% | -1.27% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -0.93% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 0.41% | +4.74% |
Volatility
ESPAX vs. SSTHX - Volatility Comparison
Allspring Special Small Cap Value Fund (ESPAX) has a higher volatility of 5.65% compared to Allspring Short-Term High Yield Bond Fund (SSTHX) at 0.75%. This indicates that ESPAX's price experiences larger fluctuations and is considered to be riskier than SSTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESPAX | SSTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 0.75% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 1.52% | +10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 2.49% | +19.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 3.08% | +17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 3.51% | +17.83% |