Beta
6.38
0.02
(0.29%)
08/13/2026
Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD)
Two years data were used. To view all data, Upgrade to PRO plan!
Beta Analysis
EAD vs. SPY · 502 trading days · 13 Aug 2024 – 13 Aug 2026
Beta
0.41
Slope vs SPY
Adjusted Beta
0.61
Blume, toward 1.0
Alpha
-3.2%
Annualized, mkt-adj
R²
0.38
Explained by SPY
Correlation
0.62
Daily returns
Vol EAD
11.1%
Annualized
Vol SPY
16.7%
Annualized
Key Observations
- Low-beta / defensive (β = 0.41): EAD captures only ~41% of SPY's swings — typically steadier than the benchmark.
- Benchmark explains 38% of EAD's daily variance (R² = 0.38); a meaningful share is stock-specific, so treat beta as approximate.
- Forward-looking adjusted beta ≈ 0.61 (Blume: pulls the raw β one-third of the way toward the market's 1.0).
- α ≈ -3.2%/yr: after stripping out market exposure, EAD underperformed SPY over the window (extrapolated from the daily intercept; not a forecast).
- Annualized volatility: EAD 11.1% vs SPY 16.7% — 0.66× as volatile (less than the benchmark).
Derived from the values above · point-in-time over the selected window · not investment advice.