SFAAX vs. SPY
Compare and contrast key facts about Allspring Index Asset Allocation Fund (SFAAX) and State Street SPDR S&P 500 ETF (SPY).
SFAAX is managed by Allspring Global Investments. It was launched on Nov 12, 1986. 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.
Performance
SFAAX vs. SPY - Performance Comparison
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SFAAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFAAX Allspring Index Asset Allocation Fund | -2.72% | 11.39% | 14.61% | 16.64% | -17.03% | 15.76% | 16.21% | 21.52% | -2.82% | 12.25% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SFAAX achieves a -2.72% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, SFAAX has underperformed SPY with an annualized return of 8.47%, while SPY has yielded a comparatively higher 14.06% annualized return.
SFAAX
- 1D
- 1.71%
- 1M
- -3.38%
- YTD
- -2.72%
- 6M
- -1.34%
- 1Y
- 10.22%
- 3Y*
- 11.21%
- 5Y*
- 6.20%
- 10Y*
- 8.47%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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SFAAX vs. SPY - Expense Ratio Comparison
SFAAX has a 1.08% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SFAAX vs. SPY — Risk / Return Rank
SFAAX
SPY
SFAAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Index Asset Allocation Fund (SFAAX) and State Street 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.
| SFAAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.96 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.49 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.53 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.65 | 7.27 | -0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SFAAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.96 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.70 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.79 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.56 | +0.09 |
Correlation
The correlation between SFAAX and SPY is 0.94, 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.
Dividends
SFAAX vs. SPY - Dividend Comparison
SFAAX's dividend yield for the trailing twelve months is around 13.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFAAX Allspring Index Asset Allocation Fund | 13.01% | 12.65% | 12.74% | 7.46% | 4.98% | 5.92% | 3.77% | 3.60% | 3.88% | 1.27% | 1.66% | 6.34% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SFAAX vs. SPY - Drawdown Comparison
The maximum SFAAX drawdown since its inception was -47.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SFAAX and SPY.
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Drawdown Indicators
| SFAAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.78% | -55.19% | +7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | -12.05% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -24.50% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -24.32% | -33.72% | +9.40% |
Current DrawdownCurrent decline from peak | -4.08% | -5.53% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -9.09% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.54% | -0.86% |
Volatility
SFAAX vs. SPY - Volatility Comparison
The current volatility for Allspring Index Asset Allocation Fund (SFAAX) is 3.28%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that SFAAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFAAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 5.35% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 9.50% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 19.06% | -8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 17.06% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 17.92% | -6.55% |