SCVAX vs. EVUAX

Last updated Jun 25, 2026

SCVAX (Allspring Small Company Value Fund) and EVUAX (Allspring Utility and Telecommunications Fund) are both mutual funds - SCVAX is a Small Cap Value Equities fund managed by Allspring Global Investments, while EVUAX is a Utilities Equities fund managed by Allspring Global Investments. Over the past 10 years, SCVAX returned 10.55%/yr vs 10.73%/yr for EVUAX. A 0.59 correlation means they provide meaningful diversification when combined. SCVAX charges 1.15%/yr vs 1.04%/yr for EVUAX.

Performance

SCVAX vs. EVUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Small Company Value Fund (SCVAX) and Allspring Utility and Telecommunications Fund (EVUAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCVAX achieves a 18.43% return, which is significantly higher than EVUAX's 6.02% return. Both investments have delivered pretty close results over the past 10 years, with SCVAX having a 10.55% annualized return and EVUAX not far ahead at 10.73%.

SCVAX

• 1D: -0.22%
• 1M: 2.60%
• YTD: 18.43%
• 6M: 15.54%
• 1Y: 26.05%
• 3Y*: 15.09%
• 5Y*: 6.86%
• 10Y*: 10.55%

EVUAX

• 1D: 0.67%
• 1M: -0.61%
• YTD: 6.02%
• 6M: 5.49%
• 1Y: 11.79%
• 3Y*: 13.15%
• 5Y*: 7.69%
• 10Y*: 10.73%

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

SCVAX vs. EVUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCVAX Allspring Small Company Value Fund	18.43%	1.75%	8.22%	15.19%	-12.13%	36.81%	1.99%	22.20%	-14.18%	11.58%
EVUAX Allspring Utility and Telecommunications Fund	6.02%	15.41%	17.68%	-5.17%	-3.47%	13.95%	4.19%	54.25%	3.25%	13.66%

Correlation

The correlation between SCVAX and EVUAX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.59

Over the past year, the correlation between SCVAX and EVUAX has dropped to 0.38 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

SCVAX vs. EVUAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCVAX

SCVAX Risk / Return Rank: 50
SCVAX Sharpe Ratio Rank: 38
SCVAX Sortino Ratio Rank: 41
SCVAX Omega Ratio Rank: 36
SCVAX Calmar Ratio Rank: 80
SCVAX Martin Ratio Rank: 56

EVUAX

EVUAX Risk / Return Rank: 16
EVUAX Sharpe Ratio Rank: 15
EVUAX Sortino Ratio Rank: 14
EVUAX Omega Ratio Rank: 14
EVUAX Calmar Ratio Rank: 24
EVUAX Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCVAX vs. EVUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Small Company Value Fund (SCVAX) and Allspring Utility and Telecommunications Fund (EVUAX). 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.

	SCVAX	EVUAX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.94	+0.66
Sortino ratio: Return per unit of downside risk	2.39	1.32	+1.07
Omega ratio: Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio: Return relative to maximum drawdown	3.35	1.62	+1.72
Martin ratio: Return relative to average drawdown	10.31	3.50	+6.81

SCVAX vs. EVUAX - Sharpe Ratio Comparison

The current SCVAX Sharpe Ratio is 1.60, which is higher than the EVUAX Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of SCVAX and EVUAX, 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

SCVAX vs. EVUAX - Drawdown Comparison

The maximum SCVAX drawdown since its inception was -70.30%, which is greater than EVUAX's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for SCVAX and EVUAX.

Drawdown Indicators

	SCVAX	EVUAX	Difference
Max Drawdown Largest peak-to-trough decline	-70.30%	-56.00%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.21%	-7.68%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-14.26%	-12.57%
Max Drawdown (5Y) Largest decline over 5 years	-26.83%	-23.32%	-3.51%
Max Drawdown (10Y) Largest decline over 10 years	-46.64%	-31.72%	-14.92%
Current Drawdown Current decline from peak	-1.19%	-3.29%	+2.10%
Average Drawdown Average peak-to-trough decline	-10.59%	-9.56%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	3.55%	-0.89%

Volatility

SCVAX vs. EVUAX - Volatility Comparison

Allspring Small Company Value Fund (SCVAX) and Allspring Utility and Telecommunications Fund (EVUAX) have volatilities of 4.58% and 4.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCVAX	EVUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	4.82%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	10.59%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	13.26%	+3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.65%	17.14%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	19.12%	+4.07%

SCVAX vs. EVUAX - Expense Ratio Comparison

SCVAX has a 1.15% expense ratio, which is higher than EVUAX's 1.04% expense ratio.

Dividends

SCVAX vs. EVUAX - Dividend Comparison

SCVAX's dividend yield for the trailing twelve months is around 4.96%, less than EVUAX's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVUAX Allspring Utility and Telecommunications Fund	5.25%	6.17%	4.70%	5.76%	11.09%	13.01%	13.60%	35.11%	1.96%	1.75%	1.34%	1.95%
SCVAX Allspring Small Company Value Fund	4.96%	5.88%	8.23%	0.77%	4.33%	6.02%	0.39%	0.48%	0.71%	0.30%	0.04%	0.13%

Frequently Asked Questions

Can I hold both SCVAX and EVUAX in my portfolio?

SCVAX and EVUAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCVAX or EVUAX?

EVUAX has higher volatility (4.82%) compared to SCVAX (4.58%). In terms of maximum drawdown, SCVAX dropped -70.30% vs EVUAX's -56.00%.

Which has better risk-adjusted returns?

SCVAX currently has the higher Sharpe Ratio (1.60 vs 0.94), 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.