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.
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.
Performance
IPBAX vs. SPY - Performance Comparison
Key characteristics
IPBAX:
1.47
SPY:
1.91
IPBAX:
2.01
SPY:
2.57
IPBAX:
1.26
SPY:
1.35
IPBAX:
1.63
SPY:
2.88
IPBAX:
6.92
SPY:
11.96
IPBAX:
1.64%
SPY:
2.03%
IPBAX:
7.78%
SPY:
12.68%
IPBAX:
-18.99%
SPY:
-55.19%
IPBAX:
-1.02%
SPY:
0.00%
Returns By Period
In the year-to-date period, IPBAX achieves a 2.15% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, IPBAX has underperformed SPY with an annualized return of 3.06%, while SPY has yielded a comparatively higher 13.21% annualized return.
IPBAX
2.15%
1.36%
2.91%
11.38%
3.69%
3.06%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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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.
Dividends
IPBAX vs. SPY - Dividend Comparison
IPBAX's dividend yield for the trailing twelve months is around 2.21%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPBAX Allspring Real Return Fund | 2.21% | 2.26% | 3.72% | 5.75% | 3.84% | 1.26% | 2.11% | 2.21% | 1.96% | 1.72% | 0.64% | 1.59% |
SPY SPDR S&P 500 ETF | 1.16% | 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 -18.99%, 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. For additional features, visit the drawdowns tool.
Volatility
IPBAX vs. SPY - Volatility Comparison
The current volatility for Allspring Real Return Fund (IPBAX) is 1.85%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. 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.