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SOPVX vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SOPVX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Opportunity Fund (SOPVX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SOPVX achieves a 8.54% return, which is significantly lower than VOO's 9.75% return. Over the past 10 years, SOPVX has underperformed VOO with an annualized return of 12.84%, while VOO has yielded a comparatively higher 15.77% annualized return.


SOPVX

1D
1.48%
1M
1.25%
YTD
8.54%
6M
7.82%
1Y
17.93%
3Y*
13.57%
5Y*
8.14%
10Y*
12.84%

VOO

1D
-0.29%
1M
0.08%
YTD
9.75%
6M
9.30%
1Y
26.77%
3Y*
21.36%
5Y*
13.58%
10Y*
15.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOPVX vs. VOO - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SOPVX
Allspring Opportunity Fund
8.54%6.57%14.82%26.38%-20.91%24.35%20.88%39.41%-7.34%19.97%
VOO
Vanguard S&P 500 ETF
9.75%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

The correlation between SOPVX and VOO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.94

The correlation between SOPVX and VOO has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

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Return for Risk

SOPVX vs. VOO — Risk / Return Rank

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

SOPVX
SOPVX Risk / Return Rank: 2222
Overall Rank
SOPVX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
SOPVX Sortino Ratio Rank: 2222
Sortino Ratio Rank
SOPVX Omega Ratio Rank: 2121
Omega Ratio Rank
SOPVX Calmar Ratio Rank: 1919
Calmar Ratio Rank
SOPVX Martin Ratio Rank: 2727
Martin Ratio Rank

VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VOO Omega Ratio Rank: 6969
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7474
Martin Ratio Rank
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.

SOPVX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Opportunity Fund (SOPVX) and Vanguard S&P 500 ETF (VOO). 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.


SOPVXVOODifference
Sharpe ratioReturn per unit of total volatility

-0.91

Sortino ratioReturn per unit of downside risk

-1.12

Omega ratioGain probability vs. loss probability

1.23

1.39

-0.17

Calmar ratioReturn relative to maximum drawdown

1.48

3.02

-1.54

Martin ratioReturn relative to average drawdown

5.94

13.58

-7.64

SOPVX vs. VOO - Sharpe Ratio Comparison

The current SOPVX Sharpe Ratio is 1.26, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SOPVX and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

SOPVX vs. VOO - Drawdown Comparison

The maximum SOPVX drawdown since its inception was -56.27%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SOPVX and VOO.


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Drawdown Indicators


SOPVXVOODifference

Max Drawdown

Largest peak-to-trough decline

-56.27%

-33.99%

-22.28%

Max Drawdown (1Y)

Largest decline over 1 year

-12.12%

-8.90%

-3.22%

Max Drawdown (3Y)

Largest decline over 3 years

-22.17%

-18.69%

-3.48%

Max Drawdown (5Y)

Largest decline over 5 years

-34.60%

-24.52%

-10.08%

Max Drawdown (10Y)

Largest decline over 10 years

-35.51%

-33.99%

-1.52%

Current Drawdown

Current decline from peak

-1.22%

-1.74%

+0.52%

Average Drawdown

Average peak-to-trough decline

-9.74%

-3.68%

-6.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.01%

1.98%

+1.03%

Volatility

SOPVX vs. VOO - Volatility Comparison

Allspring Opportunity Fund (SOPVX) has a higher volatility of 5.62% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that SOPVX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SOPVXVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.62%

4.60%

+1.02%

Volatility (6M)

Calculated over the trailing 6-month period

11.47%

9.73%

+1.74%

Volatility (1Y)

Calculated over the trailing 1-year period

14.23%

12.39%

+1.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.01%

16.90%

+3.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.96%

18.05%

+1.91%

SOPVX vs. VOO - Expense Ratio Comparison

SOPVX has a 1.18% expense ratio, which is higher than VOO's 0.03% expense ratio.


Dividends

SOPVX vs. VOO - Dividend Comparison

SOPVX's dividend yield for the trailing twelve months is around 8.35%, more than VOO's 1.04% yield.


PositionTTM20252024202320222021202020192018201720162015
SOPVX
Allspring Opportunity Fund
8.35%9.06%9.58%3.97%10.91%11.95%6.21%11.59%12.95%13.80%6.55%16.39%
VOO
Vanguard S&P 500 ETF
1.04%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions


With a correlation of 0.93, SOPVX and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SOPVX has higher volatility (5.62%) compared to VOO (4.60%). In terms of maximum drawdown, SOPVX dropped -56.27% vs VOO's -33.99%.

VOO currently has the higher Sharpe Ratio (2.17 vs 1.26), 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.

Portfolio Optimizer

Find the right allocation for SOPVX and VOO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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