ZTR vs. EKBAX

Last updated Jun 6, 2026

ZTR (Virtus Total Return Fund) and EKBAX (Allspring Diversified Capital Builder Fund) are both Diversified Portfolio funds. Over the past 10 years, ZTR returned 6.53%/yr vs 16.47%/yr for EKBAX. At a 0.40 correlation, their price movements are largely independent. ZTR charges 3.77%/yr vs 1.10%/yr for EKBAX.

Performance

ZTR vs. EKBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Total Return Fund (ZTR) and Allspring Diversified Capital Builder Fund (EKBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZTR achieves a 9.07% return, which is significantly lower than EKBAX's 36.16% return. Over the past 10 years, ZTR has underperformed EKBAX with an annualized return of 6.53%, while EKBAX has yielded a comparatively higher 16.47% annualized return.

ZTR

• 1D: -0.30%
• 1M: -2.57%
• YTD: 9.07%
• 6M: 8.91%
• 1Y: 18.28%
• 3Y*: 13.82%
• 5Y*: 3.13%
• 10Y*: 6.53%

EKBAX

• 1D: -0.68%
• 1M: 9.46%
• YTD: 36.16%
• 6M: 35.42%
• 1Y: 64.59%
• 3Y*: 32.49%
• 5Y*: 19.24%
• 10Y*: 16.47%

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

ZTR vs. EKBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZTR Virtus Total Return Fund	9.07%	18.63%	18.31%	-3.21%	-21.32%	20.57%	-11.78%	44.65%	-24.86%	29.52%
EKBAX Allspring Diversified Capital Builder Fund	36.16%	21.87%	21.75%	22.23%	-13.47%	19.61%	12.66%	32.99%	-5.55%	14.43%

Correlation

The correlation between ZTR and EKBAX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 5, 1999	0.40

The correlation between ZTR and EKBAX shifts across timeframes, from 0.28 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ZTR vs. EKBAX — Risk / Return Rank

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

ZTR

ZTR Risk / Return Rank: 36
ZTR Sharpe Ratio Rank: 33
ZTR Sortino Ratio Rank: 33
ZTR Omega Ratio Rank: 30
ZTR Calmar Ratio Rank: 50
ZTR Martin Ratio Rank: 32

EKBAX

EKBAX Risk / Return Rank: 96
EKBAX Sharpe Ratio Rank: 98
EKBAX Sortino Ratio Rank: 95
EKBAX Omega Ratio Rank: 92
EKBAX Calmar Ratio Rank: 98
EKBAX Martin Ratio Rank: 98

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.

ZTR vs. EKBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Total Return Fund (ZTR) and Allspring Diversified Capital Builder Fund (EKBAX). 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.

	ZTR	EKBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	3.97	-2.38
Sortino ratio: Return per unit of downside risk	2.28	4.95	-2.68
Omega ratio: Gain probability vs. loss probability	1.28	1.69	-0.41
Calmar ratio: Return relative to maximum drawdown	2.60	8.90	-6.30
Martin ratio: Return relative to average drawdown	6.97	37.46	-30.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZTR vs. EKBAX - Sharpe Ratio Comparison

The current ZTR Sharpe Ratio is 1.59, which is lower than the EKBAX Sharpe Ratio of 3.97. The chart below compares the historical Sharpe Ratios of ZTR and EKBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZTR	EKBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	3.97	-2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	1.06	-0.88
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.94	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.52	-0.21

Drawdowns

ZTR vs. EKBAX - Drawdown Comparison

The maximum ZTR drawdown since its inception was -57.25%, roughly equal to the maximum EKBAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for ZTR and EKBAX.

Drawdown Indicators

	ZTR	EKBAX	Difference
Max Drawdown Largest peak-to-trough decline	-57.25%	-55.64%	-1.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-7.32%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-25.15%	-23.55%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-42.64%	-24.84%	-17.80%
Max Drawdown (10Y) Largest decline over 10 years	-57.25%	-32.33%	-24.92%
Current Drawdown Current decline from peak	-4.69%	-0.68%	-4.01%
Average Drawdown Average peak-to-trough decline	-9.35%	-7.98%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	1.74%	+0.89%

Volatility

ZTR vs. EKBAX - Volatility Comparison

The current volatility for Virtus Total Return Fund (ZTR) is 3.28%, while Allspring Diversified Capital Builder Fund (EKBAX) has a volatility of 6.66%. This indicates that ZTR experiences smaller price fluctuations and is considered to be less risky than EKBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZTR	EKBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	6.66%	-3.38%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	13.04%	-3.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	16.42%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	18.16%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	17.57%	+4.03%

ZTR vs. EKBAX - Expense Ratio Comparison

ZTR has a 3.77% expense ratio, which is higher than EKBAX's 1.10% expense ratio.

Dividends

ZTR vs. EKBAX - Dividend Comparison

ZTR's dividend yield for the trailing twelve months is around 9.06%, more than EKBAX's 7.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKBAX Allspring Diversified Capital Builder Fund	7.07%	9.61%	5.28%	6.16%	12.50%	6.89%	2.03%	9.49%	7.14%	6.20%	10.05%	11.47%
ZTR Virtus Total Return Fund	9.06%	9.52%	10.24%	15.25%	15.88%	10.96%	13.72%	11.89%	15.18%	13.85%	10.58%	9.11%

Frequently Asked Questions

Can I hold both ZTR and EKBAX in my portfolio?

ZTR and EKBAX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZTR or EKBAX?

EKBAX has higher volatility (6.66%) compared to ZTR (3.28%). In terms of maximum drawdown, ZTR dropped -57.25% vs EKBAX's -55.64%.

Which has better risk-adjusted returns?

EKBAX currently has the higher Sharpe Ratio (3.97 vs 1.59), 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.