SFAAX vs. SPY
Compare and contrast key facts about Allspring Index Asset Allocation Fund (SFAAX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SFAAX or SPY.
Correlation
The correlation between SFAAX and SPY is 0.95, 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
SFAAX vs. SPY - Performance Comparison
Key characteristics
SFAAX:
-0.18
SPY:
0.51
SFAAX:
-0.12
SPY:
0.86
SFAAX:
0.98
SPY:
1.13
SFAAX:
-0.13
SPY:
0.55
SFAAX:
-0.34
SPY:
2.26
SFAAX:
8.49%
SPY:
4.55%
SFAAX:
15.86%
SPY:
20.08%
SFAAX:
-50.10%
SPY:
-55.19%
SFAAX:
-17.26%
SPY:
-9.89%
Returns By Period
In the year-to-date period, SFAAX achieves a -3.37% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, SFAAX has underperformed SPY with an annualized return of 2.88%, while SPY has yielded a comparatively higher 11.99% annualized return.
SFAAX
-3.37%
-1.85%
-13.08%
-2.35%
1.96%
2.88%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SFAAX vs. SPY - Expense Ratio Comparison
SFAAX has a 1.08% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SFAAX vs. SPY — Risk-Adjusted Performance Rank
SFAAX
SPY
SFAAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Index Asset Allocation Fund (SFAAX) 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.
Dividends
SFAAX vs. SPY - Dividend Comparison
SFAAX's dividend yield for the trailing twelve months is around 1.15%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFAAX Allspring Index Asset Allocation Fund | 1.15% | 1.09% | 0.98% | 0.72% | 0.34% | 0.82% | 1.06% | 0.77% | 0.69% | 0.75% | 0.76% | 1.28% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SFAAX vs. SPY - Drawdown Comparison
The maximum SFAAX drawdown since its inception was -50.10%, 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. For additional features, visit the drawdowns tool.
Volatility
SFAAX vs. SPY - Volatility Comparison
The current volatility for Allspring Index Asset Allocation Fund (SFAAX) is 7.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. 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.