Correlation
The correlation between SENAX and GOOGL is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SENAX vs. GOOGL
Compare and contrast key facts about Allspring Discovery Mid Cap Growth Fund (SENAX) and Alphabet Inc Class A (GOOGL).
SENAX is managed by Allspring Global Investments. It was launched on Feb 24, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SENAX or GOOGL.
Performance
SENAX vs. GOOGL - Performance Comparison
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Key characteristics
SENAX:
0.66
GOOGL:
-0.05
SENAX:
0.98
GOOGL:
0.06
SENAX:
1.13
GOOGL:
1.01
SENAX:
0.41
GOOGL:
-0.12
SENAX:
1.85
GOOGL:
-0.24
SENAX:
8.59%
GOOGL:
14.31%
SENAX:
27.42%
GOOGL:
31.48%
SENAX:
-58.34%
GOOGL:
-65.29%
SENAX:
-19.35%
GOOGL:
-18.00%
Returns By Period
In the year-to-date period, SENAX achieves a 5.55% return, which is significantly higher than GOOGL's -10.61% return. Over the past 10 years, SENAX has underperformed GOOGL with an annualized return of 9.10%, while GOOGL has yielded a comparatively higher 19.98% annualized return.
SENAX
5.55%
8.08%
-2.43%
17.83%
12.76%
5.86%
9.10%
GOOGL
-10.61%
3.05%
-1.21%
-1.54%
14.03%
18.74%
19.98%
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Risk-Adjusted Performance
SENAX vs. GOOGL — Risk-Adjusted Performance Rank
SENAX
GOOGL
SENAX vs. GOOGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery Mid Cap Growth Fund (SENAX) and Alphabet Inc Class A (GOOGL). 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
SENAX vs. GOOGL - Dividend Comparison
SENAX's dividend yield for the trailing twelve months is around 10.31%, more than GOOGL's 0.47% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SENAX Allspring Discovery Mid Cap Growth Fund | 10.31% | 10.88% | 2.46% | 0.00% | 17.81% | 9.16% | 6.59% | 15.14% | 11.23% | 4.58% | 8.37% | 13.42% |
GOOGL Alphabet Inc Class A | 0.47% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SENAX vs. GOOGL - Drawdown Comparison
The maximum SENAX drawdown since its inception was -58.34%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for SENAX and GOOGL.
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Volatility
SENAX vs. GOOGL - Volatility Comparison
The current volatility for Allspring Discovery Mid Cap Growth Fund (SENAX) is 6.63%, while Alphabet Inc Class A (GOOGL) has a volatility of 11.05%. This indicates that SENAX experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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