EVSAX vs. EKBAX

Last updated Aug 1, 2026

EVSAX (Allspring Disciplined U.S. Core Fund) and EKBAX (Allspring Diversified Capital Builder Fund) are both mutual funds - EVSAX is a Large Cap Blend Equities fund managed by Allspring, while EKBAX is a Diversified Portfolio fund managed by Allspring. Over the past 10 years, EVSAX returned 14.85%/yr vs 15.35%/yr for EKBAX. Their correlation of 0.91 means they have usually moved in the same direction. EVSAX charges 0.86%/yr vs 1.10%/yr for EKBAX.

Performance

EVSAX vs. EKBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Disciplined U.S. Core Fund (EVSAX) and Allspring Diversified Capital Builder Fund (EKBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVSAX achieves a 9.91% return, which is significantly lower than EKBAX's 29.12% return. Both investments have delivered pretty close results over the past 10 years, with EVSAX having a 14.85% annualized return and EKBAX not far ahead at 15.35%.

EVSAX

• 1D: 1.89%
• 1M: -0.49%
• 6M: 8.44%
• YTD: 9.91%
• 1Y: 21.90%
• 3Y*: 20.50%
• 5Y*: 13.73%
• 10Y*: 14.85%
• ALL TIME*: 9.03%

EKBAX

• 1D: 3.94%
• 1M: -2.06%
• 6M: 19.20%
• YTD: 29.12%
• 1Y: 45.51%
• 3Y*: 26.57%
• 5Y*: 17.14%
• 10Y*: 15.35%
• ALL TIME*: 8.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EKBAX Allspring Diversified Capital Builder Fund	$0.00	$0.00	$0.00
EVSAX Allspring Disciplined U.S. Core Fund	$0.00	$0.00	$0.00

EVSAX vs. EKBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVSAX Allspring Disciplined U.S. Core Fund	9.91%	18.65%	29.20%	25.97%	-18.21%	30.35%	15.95%	31.87%	-8.43%	20.47%
EKBAX Allspring Diversified Capital Builder Fund	29.12%	21.87%	21.75%	22.23%	-13.47%	19.61%	12.66%	32.99%	-5.55%	14.43%

Correlation

The correlation between EVSAX and EKBAX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.91

The correlation between EVSAX and EKBAX shifts across timeframes, from 0.80 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EVSAX vs. EKBAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVSAX

EVSAX Risk / Return Rank: 65
EVSAX Sharpe Ratio Rank: 61
EVSAX Sortino Ratio Rank: 59
EVSAX Omega Ratio Rank: 57
EVSAX Calmar Ratio Rank: 70
EVSAX Martin Ratio Rank: 80

EKBAX

EKBAX Risk / Return Rank: 87
EKBAX Sharpe Ratio Rank: 86
EKBAX Sortino Ratio Rank: 79
EKBAX Omega Ratio Rank: 80
EKBAX Calmar Ratio Rank: 95
EKBAX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVSAX vs. EKBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Disciplined U.S. Core Fund (EVSAX) and Allspring Diversified Capital Builder Fund (EKBAX). 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.

	EVSAX	EKBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.08	-0.59
Sortino ratio: Return per unit of downside risk	2.08	2.70	-0.62
Omega ratio: Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	2.28	4.09	-1.81
Martin ratio: Return relative to average drawdown	9.67	16.56	-6.90

EVSAX vs. EKBAX - Sharpe Ratio Comparison

The current EVSAX Sharpe Ratio is 1.49, which is comparable to the EKBAX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of EVSAX and EKBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVSAX vs. EKBAX - Drawdown Comparison

The maximum EVSAX drawdown since its inception was -53.73%, roughly equal to the maximum EKBAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for EVSAX and EKBAX.

Drawdown Indicators

	EVSAX	EKBAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.73%	-55.64%	+1.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-10.21%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-23.55%	+4.55%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	-24.84%	-2.88%
Max Drawdown (10Y) Largest decline over 10 years	-33.03%	-32.33%	-0.70%
Current Drawdown Current decline from peak	-2.03%	-6.67%	+4.64%
Average Drawdown Average peak-to-trough decline	-9.71%	-7.96%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.53%	-0.49%

Volatility

EVSAX vs. EKBAX - Volatility Comparison

The current volatility for Allspring Disciplined U.S. Core Fund (EVSAX) is 3.77%, while Allspring Diversified Capital Builder Fund (EKBAX) has a volatility of 7.70%. This indicates that EVSAX experiences smaller price fluctuations and is considered to be less risky than EKBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSAX	EKBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	7.70%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	16.75%	-6.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	20.11%	-6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	18.89%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	17.93%	+0.48%

EVSAX vs. EKBAX - Expense Ratio Comparison

EVSAX has a 0.86% expense ratio, which is lower than EKBAX's 1.10% expense ratio.

Dividends

EVSAX vs. EKBAX - Dividend Comparison

EVSAX's dividend yield for the trailing twelve months is around 5.04%, less than EKBAX's 7.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKBAX Allspring Diversified Capital Builder Fund	7.41%	9.61%	5.28%	6.16%	12.50%	6.89%	2.03%	9.49%	7.14%	6.20%	10.05%	11.47%
EVSAX Allspring Disciplined U.S. Core Fund	5.04%	5.54%	6.61%	9.22%	14.46%	8.22%	9.22%	6.68%	7.11%	4.31%	2.43%	11.99%

Frequently Asked Questions

Can I hold both EVSAX and EKBAX in my portfolio?

EVSAX and EKBAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVSAX or EKBAX?

EKBAX has higher volatility (7.70%) compared to EVSAX (3.77%). In terms of maximum drawdown, EVSAX dropped -53.73% vs EKBAX's -55.64%.

Which has better risk-adjusted returns?

EKBAX currently has the higher Sharpe Ratio (2.08 vs 1.49), 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.