ESPAX vs. VSMAX
Compare and contrast key facts about Allspring Special Small Cap Value Fund (ESPAX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
ESPAX is managed by Allspring Global Investments. It was launched on May 7, 1993. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESPAX or VSMAX.
Key characteristics
| ESPAX | VSMAX | |
|---|---|---|
| YTD Return | 5.96% | 5.99% |
| 1Y Return | 23.01% | 21.74% |
| 3Y Return (Ann) | 3.49% | 2.67% |
| 5Y Return (Ann) | 9.32% | 9.66% |
| 10Y Return (Ann) | 8.62% | 9.23% |
| Sharpe Ratio | 1.45 | 1.34 |
| Daily Std Dev | 16.75% | 17.00% |
| Max Drawdown | -69.21% | -59.68% |
| Current Drawdown | -1.12% | -2.00% |
Correlation
The correlation between ESPAX and VSMAX is 0.95, 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. VSMAX - Performance Comparison
The year-to-date returns for both investments are quite close, with ESPAX having a 5.96% return and VSMAX slightly higher at 5.99%. Over the past 10 years, ESPAX has underperformed VSMAX with an annualized return of 8.62%, while VSMAX has yielded a comparatively higher 9.23% 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. VSMAX - Expense Ratio Comparison
ESPAX has a 1.24% expense ratio, which is higher than VSMAX's 0.05% expense ratio.
Risk-Adjusted Performance
ESPAX vs. VSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Small Cap Value Fund (ESPAX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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. VSMAX - Dividend Comparison
ESPAX's dividend yield for the trailing twelve months is around 1.95%, more than VSMAX's 1.44% 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% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.44% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
Drawdowns
ESPAX vs. VSMAX - Drawdown Comparison
The maximum ESPAX drawdown since its inception was -69.21%, which is greater than VSMAX's maximum drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for ESPAX and VSMAX. For additional features, visit the drawdowns tool.
Volatility
ESPAX vs. VSMAX - Volatility Comparison
The current volatility for Allspring Special Small Cap Value Fund (ESPAX) is 3.61%, while Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a volatility of 3.83%. This indicates that ESPAX experiences smaller price fluctuations and is considered to be less risky than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.