SCVAX vs. ^GSPC
Compare and contrast key facts about Allspring Small Company Value Fund (SCVAX) and S&P 500 (^GSPC).
SCVAX is managed by Allspring Global Investments. It was launched on Jan 31, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCVAX or ^GSPC.
Correlation
The correlation between SCVAX and ^GSPC is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCVAX vs. ^GSPC - Performance Comparison
Key characteristics
SCVAX:
-0.49
^GSPC:
0.46
SCVAX:
-0.55
^GSPC:
0.77
SCVAX:
0.93
^GSPC:
1.11
SCVAX:
-0.37
^GSPC:
0.47
SCVAX:
-0.99
^GSPC:
1.94
SCVAX:
11.65%
^GSPC:
4.61%
SCVAX:
23.89%
^GSPC:
19.44%
SCVAX:
-73.54%
^GSPC:
-56.78%
SCVAX:
-24.91%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, SCVAX achieves a -11.12% return, which is significantly lower than ^GSPC's -6.06% return. Over the past 10 years, SCVAX has underperformed ^GSPC with an annualized return of 4.65%, while ^GSPC has yielded a comparatively higher 10.27% annualized return.
SCVAX
-11.12%
-3.76%
-16.91%
-10.89%
9.86%
4.65%
^GSPC
-6.06%
-1.00%
-4.87%
8.34%
14.11%
10.27%
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Risk-Adjusted Performance
SCVAX vs. ^GSPC — Risk-Adjusted Performance Rank
SCVAX
^GSPC
SCVAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Small Company Value Fund (SCVAX) and S&P 500 (^GSPC). 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.
Drawdowns
SCVAX vs. ^GSPC - Drawdown Comparison
The maximum SCVAX drawdown since its inception was -73.54%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SCVAX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SCVAX vs. ^GSPC - Volatility Comparison
Allspring Small Company Value Fund (SCVAX) and S&P 500 (^GSPC) have volatilities of 13.73% and 14.23%, 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.