EKJFX Mutual Fund Struggles with High Volatility and Low Returns

San Francisco-based EKJFX mutual fund, part of the Allspring family, has been facing challenges with underperformance and significant market volatility, according to a recent analysis. The fund currently holds a Zacks Rank of 5, which indicates a strong sell recommendation.

Since its inception in December 2012, the EKJFX mutual fund has accumulated approximately $191.10 million in assets. However, its performance in terms of returns has not met expectations. The fund’s five-year annualized total return is only 6.69%, and its three-year annualized total return is even lower, at just 0.43%. This places the EKJFX fund in the bottom third compared to its peers.

The fund’s difficulties are further underscored by its above-average volatility over the past three and five years, as demonstrated by a higher-than-average standard deviation during these periods and a five-year beta of 1.09, suggesting increased market volatility.

In addition to underperformance and high volatility, the EKJFX mutual fund has also struggled to generate returns that exceed its benchmark. Over the past five years, the fund has posted a negative alpha of -3.08, highlighting its challenges in outperforming the market benchmarks.