SSHIX vs. FLCNX
Compare and contrast key facts about Allspring Short-Term Bond Plus Fund (SSHIX) and Fidelity Contrafund K6 (FLCNX).
SSHIX is managed by Allspring Global Investments. It was launched on Aug 31, 1999. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSHIX or FLCNX.
Key characteristics
| SSHIX | FLCNX | |
|---|---|---|
| YTD Return | 4.58% | 36.36% |
| 1Y Return | 7.02% | 43.17% |
| 3Y Return (Ann) | 1.60% | 10.40% |
| 5Y Return (Ann) | 2.09% | 18.43% |
| Sharpe Ratio | 3.45 | 2.81 |
| Sortino Ratio | 5.59 | 3.75 |
| Omega Ratio | 1.81 | 1.52 |
| Calmar Ratio | 2.75 | 3.90 |
| Martin Ratio | 25.43 | 17.22 |
| Ulcer Index | 0.27% | 2.48% |
| Daily Std Dev | 2.00% | 15.22% |
| Max Drawdown | -7.78% | -32.07% |
| Current Drawdown | -0.63% | -0.95% |
Correlation
The correlation between SSHIX and FLCNX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SSHIX vs. FLCNX - Performance Comparison
In the year-to-date period, SSHIX achieves a 4.58% return, which is significantly lower than FLCNX's 36.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SSHIX vs. FLCNX - Expense Ratio Comparison
SSHIX has a 0.47% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Risk-Adjusted Performance
SSHIX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Short-Term Bond Plus Fund (SSHIX) and Fidelity Contrafund K6 (FLCNX). 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
SSHIX vs. FLCNX - Dividend Comparison
SSHIX's dividend yield for the trailing twelve months is around 4.37%, more than FLCNX's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHIX Allspring Short-Term Bond Plus Fund | 4.37% | 3.92% | 2.14% | 1.50% | 2.10% | 2.62% | 2.21% | 1.64% | 1.59% | 1.33% | 1.35% | 1.48% |
FLCNX Fidelity Contrafund K6 | 0.39% | 0.49% | 0.62% | 0.20% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSHIX vs. FLCNX - Drawdown Comparison
The maximum SSHIX drawdown since its inception was -7.78%, smaller than the maximum FLCNX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for SSHIX and FLCNX. For additional features, visit the drawdowns tool.
Volatility
SSHIX vs. FLCNX - Volatility Comparison
The current volatility for Allspring Short-Term Bond Plus Fund (SSHIX) is 0.48%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 4.51%. This indicates that SSHIX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.