SENAX vs. GOOGL
Compare and contrast key facts about Allspring Discovery Mid Cap Growth Fund (SENAX) and Alphabet Inc. (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.
Correlation
The correlation between SENAX and GOOGL is 0.86, 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
SENAX vs. GOOGL - Performance Comparison
Key characteristics
SENAX:
-0.13
GOOGL:
0.09
SENAX:
0.02
GOOGL:
0.36
SENAX:
1.00
GOOGL:
1.04
SENAX:
-0.07
GOOGL:
0.09
SENAX:
-0.30
GOOGL:
0.22
SENAX:
12.21%
GOOGL:
12.78%
SENAX:
28.63%
GOOGL:
31.87%
SENAX:
-58.93%
GOOGL:
-65.29%
SENAX:
-46.20%
GOOGL:
-21.43%
Returns By Period
In the year-to-date period, SENAX achieves a -6.64% return, which is significantly higher than GOOGL's -14.34% return. Over the past 10 years, SENAX has underperformed GOOGL with an annualized return of -0.56%, while GOOGL has yielded a comparatively higher 19.20% annualized return.
SENAX
-6.64%
-0.58%
-13.75%
-3.70%
-0.97%
-0.56%
GOOGL
-14.34%
-1.88%
-1.78%
4.32%
20.64%
19.20%
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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. (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.
Dividends
SENAX vs. GOOGL - Dividend Comparison
SENAX has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.49%.
TTM | 2024 | |
---|---|---|
SENAX Allspring Discovery Mid Cap Growth Fund | 0.00% | 0.00% |
GOOGL Alphabet Inc. | 0.49% | 0.32% |
Drawdowns
SENAX vs. GOOGL - Drawdown Comparison
The maximum SENAX drawdown since its inception was -58.93%, 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. For additional features, visit the drawdowns tool.
Volatility
SENAX vs. GOOGL - Volatility Comparison
Allspring Discovery Mid Cap Growth Fund (SENAX) has a higher volatility of 17.53% compared to Alphabet Inc. (GOOGL) at 14.73%. This indicates that SENAX's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.