Correlation
The correlation between WICIX and SPY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
WICIX vs. SPY
Compare and contrast key facts about Allspring Special International Small Cap Fund (WICIX) and SPDR S&P 500 ETF (SPY).
WICIX is managed by Allspring Global Investments. It was launched on May 30, 2019. 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: WICIX or SPY.
Performance
WICIX vs. SPY - Performance Comparison
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Key characteristics
WICIX:
0.79
SPY:
0.70
WICIX:
1.07
SPY:
1.02
WICIX:
1.14
SPY:
1.15
WICIX:
0.45
SPY:
0.68
WICIX:
1.87
SPY:
2.57
WICIX:
5.62%
SPY:
4.93%
WICIX:
14.56%
SPY:
20.42%
WICIX:
-40.70%
SPY:
-55.19%
WICIX:
-10.40%
SPY:
-3.55%
Returns By Period
In the year-to-date period, WICIX achieves a 13.30% return, which is significantly higher than SPY's 0.87% return.
WICIX
13.30%
5.52%
9.49%
11.47%
6.47%
6.92%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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WICIX vs. SPY - Expense Ratio Comparison
WICIX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
WICIX vs. SPY — Risk-Adjusted Performance Rank
WICIX
SPY
WICIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special International Small Cap Fund (WICIX) 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
WICIX vs. SPY - Dividend Comparison
WICIX's dividend yield for the trailing twelve months is around 2.23%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WICIX Allspring Special International Small Cap Fund | 2.23% | 2.52% | 1.70% | 1.20% | 1.35% | 0.66% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
WICIX vs. SPY - Drawdown Comparison
The maximum WICIX drawdown since its inception was -40.70%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WICIX and SPY.
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Volatility
WICIX vs. SPY - Volatility Comparison
The current volatility for Allspring Special International Small Cap Fund (WICIX) is 3.15%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that WICIX 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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