- ISIN
- US94987W1099
- CUSIP
- 94987W109
- Inception Date
- Feb 29, 2012
- Category
- Global Allocation
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
WARAX Performance Chart
Allspring Absolute Return Fund (WARAX) is up 14.9% since the beginning of the year. WARAX is currently trading at $13 per share. Investors who bought $1,000 worth of WARAX shares 5 years ago would now be looking at an investment worth $1,399.
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Returns By Period
Allspring Absolute Return Fund (WARAX) has returned 14.88% so far this year and 25.36% over the past 12 months. Over the last ten years, WARAX has returned 5.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Allspring Absolute Return Fund
- 1D
- 0.08%
- 1M
- -2.39%
- YTD
- 14.88%
- 6M
- 15.29%
- 1Y
- 25.36%
- 3Y*
- 12.22%
- 5Y*
- 6.94%
- 10Y*
- 5.57%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
WARAX Monthly Returns History
Based on dividend-adjusted daily data since Mar 1, 2012, WARAX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Jan 2026 with a return of +8.2%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, WARAX closed higher 48% of trading days. The best single day was Mar 24, 2020 with a return of +4.7%, while the worst single day was Mar 19, 2020 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.17% | 4.95% | 0.80% | 1.35% | 1.41% | -2.31% | 14.88% | ||||||
| 2025 | 1.54% | 1.70% | -1.21% | -2.17% | -0.10% | 0.39% | -0.38% | 2.12% | 3.40% | 1.92% | 0.09% | 0.62% | 8.07% |
| 2024 | -0.28% | 0.55% | 2.84% | -3.12% | 1.56% | 1.45% | 2.23% | 1.14% | 0.95% | -2.40% | 2.98% | -1.91% | 5.93% |
| 2023 | 4.23% | -1.35% | -0.39% | 1.38% | -3.00% | 3.80% | 3.18% | -1.59% | 0.09% | -2.37% | 3.98% | 4.34% | 12.53% |
| 2022 | 2.58% | -0.93% | -3.57% | -0.49% | 1.76% | -5.01% | 0.81% | -0.80% | -3.96% | 1.80% | 6.22% | -0.66% | -2.75% |
| 2021 | 0.76% | 1.32% | 2.60% | 0.09% | 2.44% | -2.12% | -1.89% | 0.28% | -0.46% | -1.47% | -2.05% | 2.93% | 2.25% |
Benchmark Metrics
Allspring Absolute Return Fund has an annualized alpha of 1.15%, beta of 0.26, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since March 01, 2012.
- This fund participated in 47.07% of S&P 500 Index downside but only 34.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R2 of 0.33 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.33 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.15%
- Beta
- 0.26
- R²
- 0.33
- Upside Capture
- 34.92%
- Downside Capture
- 47.07%
Expense Ratio
WARAX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
WARAX ranks 91 for risk / return — in the top 91% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Allspring Absolute Return Fund (WARAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WARAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 2.78 | +3.84 |
| Martin ratioReturn relative to average drawdown | 20.03 | 12.44 | +7.60 |
Dividends
Dividend History
Allspring Absolute Return Fund provided a 1.74% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $1.13 | $0.30 | $0.23 | $0.34 | $0.35 | $0.38 | $0.28 | $0.20 | $0.08 | $0.14 |
Dividend yield | 1.74% | 2.00% | 10.90% | 2.80% | 2.34% | 3.23% | 3.34% | 3.38% | 2.66% | 1.77% | 0.76% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Allspring Absolute Return Fund was 23.16%, occurring on Mar 23, 2020. Recovery took 244 trading sessions.
The current Allspring Absolute Return Fund drawdown is 3.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.16%Mar 2020 | 2mo 2d | 11mo 23d | 1y 1moJan 2020 - Mar 2021 |
2016 correction2016 | -15.33%Feb 2016 | 1y 7mo | 1y 3mo | 2y 11moJul 2014 - Jun 2017 |
Bear market2022 | -14.64%Sep 2022 | 1y 3mo | 1y 2mo | 2y 6moJun 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -10.85%Dec 2018 | 10mo 29d | 11mo 28d | 1y 10moJan 2018 - Dec 2019 |
2025 selloff2025 | -5.67%Apr 2025 | 1mo 8d | 5mo 3d | 6mo 11dMar 2025 - Sep 2025 |
Drawdown Indicators
| WARAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -56.78% | +33.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -9.10% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.67% | -18.90% | +13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | -25.43% | +12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -33.92% | +10.76% |
Current DrawdownCurrent decline from peak | -3.58% | -1.80% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -10.71% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.03% | -0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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