Correlation
The correlation between IPBAX and SPY is 0.07, 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.
IPBAX vs. SPY
Compare and contrast key facts about Allspring Real Return Fund (IPBAX) and SPDR S&P 500 ETF (SPY).
IPBAX is managed by Allspring Global Investments. It was launched on Feb 27, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPBAX or SPY.
Performance
IPBAX vs. SPY - Performance Comparison
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Key characteristics
IPBAX:
1.36
SPY:
0.68
IPBAX:
1.68
SPY:
1.11
IPBAX:
1.22
SPY:
1.16
IPBAX:
1.88
SPY:
0.75
IPBAX:
5.48
SPY:
2.86
IPBAX:
1.76%
SPY:
4.93%
IPBAX:
7.81%
SPY:
20.44%
IPBAX:
-15.12%
SPY:
-55.19%
IPBAX:
-0.28%
SPY:
-3.01%
Returns By Period
In the year-to-date period, IPBAX achieves a 2.92% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, IPBAX has underperformed SPY with an annualized return of 3.27%, while SPY has yielded a comparatively higher 12.88% annualized return.
IPBAX
2.92%
1.26%
0.10%
9.65%
3.66%
3.87%
3.27%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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IPBAX vs. SPY - Expense Ratio Comparison
IPBAX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IPBAX vs. SPY — Risk-Adjusted Performance Rank
IPBAX
SPY
IPBAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Real Return Fund (IPBAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
IPBAX vs. SPY - Dividend Comparison
IPBAX's dividend yield for the trailing twelve months is around 2.33%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPBAX Allspring Real Return Fund | 2.33% | 2.26% | 3.72% | 5.75% | 3.84% | 1.26% | 2.11% | 2.56% | 1.96% | 1.86% | 2.13% | 2.39% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IPBAX vs. SPY - Drawdown Comparison
The maximum IPBAX drawdown since its inception was -15.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IPBAX and SPY.
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Volatility
IPBAX vs. SPY - Volatility Comparison
The current volatility for Allspring Real Return Fund (IPBAX) is 1.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that IPBAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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