SGRNX vs. IOLZX

Last updated Jun 24, 2026

SGRNX (Allspring Growth Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, SGRNX returned 15.49%/yr vs 15.49%/yr for IOLZX. Their correlation of 0.81 suggests significant overlap in exposure. SGRNX charges 0.75%/yr vs 1.04%/yr for IOLZX.

Performance

SGRNX vs. IOLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Growth Fund (SGRNX) and ICON Equity Fund (IOLZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGRNX achieves a 6.85% return, which is significantly lower than IOLZX's 30.88% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: SGRNX at 15.49% and IOLZX at 15.49%.

SGRNX

• 1D: -0.13%
• 1M: 2.52%
• YTD: 6.85%
• 6M: 5.22%
• 1Y: 16.72%
• 3Y*: 20.31%
• 5Y*: 6.19%
• 10Y*: 15.49%

IOLZX

• 1D: 0.36%
• 1M: 7.28%
• YTD: 30.88%
• 6M: 29.23%
• 1Y: 53.97%
• 3Y*: 25.06%
• 5Y*: 11.89%
• 10Y*: 15.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGRNX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGRNX Allspring Growth Fund	6.85%	15.34%	29.43%	34.06%	-36.92%	7.43%	49.20%	37.61%	0.69%	35.24%
IOLZX ICON Equity Fund	30.88%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	38.22%	-16.69%	26.78%

Correlation

The correlation between SGRNX and IOLZX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004	0.81

The correlation between SGRNX and IOLZX shifts across timeframes, from 0.59 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SGRNX vs. IOLZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGRNX

SGRNX Risk / Return Rank: 12
SGRNX Sharpe Ratio Rank: 13
SGRNX Sortino Ratio Rank: 13
SGRNX Omega Ratio Rank: 14
SGRNX Calmar Ratio Rank: 11
SGRNX Martin Ratio Rank: 11

IOLZX

IOLZX Risk / Return Rank: 85
IOLZX Sharpe Ratio Rank: 92
IOLZX Sortino Ratio Rank: 86
IOLZX Omega Ratio Rank: 80
IOLZX Calmar Ratio Rank: 86
IOLZX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGRNX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Growth Fund (SGRNX) and ICON Equity Fund (IOLZX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SGRNX	IOLZX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.87	-1.93
Sortino ratio: Return per unit of downside risk	1.38	3.79	-2.41
Omega ratio: Gain probability vs. loss probability	1.18	1.48	-0.30
Calmar ratio: Return relative to maximum drawdown	0.97	3.91	-2.94
Martin ratio: Return relative to average drawdown	3.00	13.84	-10.84

SGRNX vs. IOLZX - Sharpe Ratio Comparison

The current SGRNX Sharpe Ratio is 0.94, which is lower than the IOLZX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of SGRNX and IOLZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGRNX vs. IOLZX - Drawdown Comparison

The maximum SGRNX drawdown since its inception was -52.68%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for SGRNX and IOLZX.

Drawdown Indicators

	SGRNX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-52.68%	-56.03%	+3.35%
Max Drawdown (1Y) Largest decline over 1 year	-18.99%	-14.35%	-4.64%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	-24.71%	-0.95%
Max Drawdown (5Y) Largest decline over 5 years	-49.79%	-27.77%	-22.02%
Max Drawdown (10Y) Largest decline over 10 years	-49.79%	-41.04%	-8.75%
Current Drawdown Current decline from peak	-0.91%	0.00%	-0.91%
Average Drawdown Average peak-to-trough decline	-15.60%	-12.61%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	4.05%	+2.06%

Volatility

SGRNX vs. IOLZX - Volatility Comparison

Allspring Growth Fund (SGRNX) and ICON Equity Fund (IOLZX) have volatilities of 7.48% and 7.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGRNX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.48%	7.17%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	15.58%	15.88%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.49%	19.60%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	21.54%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.58%	22.43%	+2.15%

SGRNX vs. IOLZX - Expense Ratio Comparison

SGRNX has a 0.75% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

Dividends

SGRNX vs. IOLZX - Dividend Comparison

SGRNX's dividend yield for the trailing twelve months is around 19.83%, more than IOLZX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOLZX ICON Equity Fund	8.17%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%	0.00%	0.00%	0.00%
SGRNX Allspring Growth Fund	19.83%	21.19%	21.72%	7.14%	4.93%	16.48%	10.02%	9.81%	19.24%	27.01%	18.95%	13.11%

Frequently Asked Questions

Can I hold both SGRNX and IOLZX in my portfolio?

SGRNX and IOLZX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGRNX or IOLZX?

SGRNX has higher volatility (7.48%) compared to IOLZX (7.17%). In terms of maximum drawdown, SGRNX dropped -52.68% vs IOLZX's -56.03%.

Which has better risk-adjusted returns?

IOLZX currently has the higher Sharpe Ratio (2.87 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.