Correlation
The correlation between SENAX and SPY 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.
SENAX vs. SPY
Compare and contrast key facts about Allspring Discovery Mid Cap Growth Fund (SENAX) and SPDR S&P 500 ETF (SPY).
SENAX is managed by Allspring Global Investments. It was launched on Feb 24, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SENAX or SPY.
Performance
SENAX vs. SPY - Performance Comparison
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Key characteristics
SENAX:
0.66
SPY:
0.68
SENAX:
0.98
SPY:
1.11
SENAX:
1.13
SPY:
1.16
SENAX:
0.41
SPY:
0.75
SENAX:
1.85
SPY:
2.86
SENAX:
8.59%
SPY:
4.93%
SENAX:
27.42%
SPY:
20.44%
SENAX:
-58.34%
SPY:
-55.19%
SENAX:
-19.35%
SPY:
-3.01%
Returns By Period
In the year-to-date period, SENAX achieves a 5.55% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, SENAX has underperformed SPY with an annualized return of 9.10%, while SPY has yielded a comparatively higher 12.88% annualized return.
SENAX
5.55%
8.08%
-2.43%
17.83%
12.76%
5.86%
9.10%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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SENAX vs. SPY - Expense Ratio Comparison
SENAX has a 1.18% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SENAX vs. SPY — Risk-Adjusted Performance Rank
SENAX
SPY
SENAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery Mid Cap Growth Fund (SENAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SENAX's dividend yield for the trailing twelve months is around 10.31%, more than SPY's 1.21% 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% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SENAX vs. SPY - Drawdown Comparison
The maximum SENAX drawdown since its inception was -58.34%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SENAX and SPY.
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Volatility
SENAX vs. SPY - Volatility Comparison
Allspring Discovery Mid Cap Growth Fund (SENAX) has a higher volatility of 6.63% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that SENAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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