Correlation
The correlation between MNTRX and SMH is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
MNTRX vs. SMH
Compare and contrast key facts about Allspring Core Bond Fund (MNTRX) and VanEck Vectors Semiconductor ETF (SMH).
MNTRX is managed by Allspring Global Investments. It was launched on Jun 30, 1997. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNTRX or SMH.
Performance
MNTRX vs. SMH - Performance Comparison
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Key characteristics
MNTRX:
1.23
SMH:
-0.00
MNTRX:
1.57
SMH:
0.32
MNTRX:
1.19
SMH:
1.04
MNTRX:
0.54
SMH:
0.01
MNTRX:
2.65
SMH:
0.02
MNTRX:
2.18%
SMH:
15.50%
MNTRX:
5.49%
SMH:
43.26%
MNTRX:
-18.88%
SMH:
-83.29%
MNTRX:
-4.81%
SMH:
-12.84%
Returns By Period
In the year-to-date period, MNTRX achieves a 1.94% return, which is significantly higher than SMH's 0.79% return. Over the past 10 years, MNTRX has underperformed SMH with an annualized return of 1.59%, while SMH has yielded a comparatively higher 24.79% annualized return.
MNTRX
1.94%
-0.92%
0.55%
6.68%
2.17%
-0.42%
1.59%
SMH
0.79%
16.07%
2.90%
-0.20%
26.65%
29.06%
24.79%
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MNTRX vs. SMH - Expense Ratio Comparison
MNTRX has a 0.70% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
MNTRX vs. SMH — Risk-Adjusted Performance Rank
MNTRX
SMH
MNTRX vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Bond Fund (MNTRX) and VanEck Vectors Semiconductor ETF (SMH). 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
MNTRX vs. SMH - Dividend Comparison
MNTRX's dividend yield for the trailing twelve months is around 4.84%, more than SMH's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | 4.84% | 5.87% | 4.38% | 2.37% | 1.84% | 6.35% | 2.47% | 2.35% | 1.74% | 1.96% | 1.45% | 1.60% |
SMH VanEck Vectors Semiconductor ETF | 0.44% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
MNTRX vs. SMH - Drawdown Comparison
The maximum MNTRX drawdown since its inception was -18.88%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for MNTRX and SMH.
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Volatility
MNTRX vs. SMH - Volatility Comparison
The current volatility for Allspring Core Bond Fund (MNTRX) is 1.48%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.70%. This indicates that MNTRX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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