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.
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.
Performance
SFAAX vs. SPY - Performance Comparison
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Key characteristics
SFAAX:
0.75
SPY:
0.68
SFAAX:
1.17
SPY:
1.11
SFAAX:
1.16
SPY:
1.16
SFAAX:
0.79
SPY:
0.75
SFAAX:
2.68
SPY:
2.86
SFAAX:
3.43%
SPY:
4.93%
SFAAX:
11.74%
SPY:
20.44%
SFAAX:
-47.41%
SPY:
-55.19%
SFAAX:
-3.18%
SPY:
-3.01%
Returns By Period
In the year-to-date period, SFAAX achieves a 0.32% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, SFAAX has underperformed SPY with an annualized return of 7.67%, while SPY has yielded a comparatively higher 12.88% annualized return.
SFAAX
0.32%
2.31%
-2.57%
8.72%
8.32%
7.74%
7.67%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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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.
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.
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Dividends
SFAAX vs. SPY - Dividend Comparison
SFAAX's dividend yield for the trailing twelve months is around 12.75%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFAAX Allspring Index Asset Allocation Fund | 12.75% | 12.74% | 7.46% | 4.98% | 5.92% | 3.77% | 2.33% | 3.88% | 1.27% | 1.66% | 6.34% | 2.25% |
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
SFAAX vs. SPY - Drawdown Comparison
The maximum SFAAX drawdown since its inception was -47.41%, 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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Volatility
SFAAX vs. SPY - Volatility Comparison
The current volatility for Allspring Index Asset Allocation Fund (SFAAX) is 2.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. 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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