Allspring Absolute Return Fund (WARAX)

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The chart shows the growth of an initial investment of $10,000 in Allspring Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Allspring Absolute Return Fund (WARAX) has returned 14.79% so far this year and 21.60% over the past 12 months. Over the last ten years, WARAX has returned 5.60% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

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, your investment would double in approximately 14.8 years.

Historically, 60% of months were positive and 40% 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 9 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%.

Allspring Absolute Return Fund has an annualized alpha of 1.49%, beta of 0.26, and R² of 0.34 versus S&P 500 Index. Calculated based on daily prices since March 02, 2012.

• This fund participated in 45.43% of S&P 500 Index downside but only 35.96% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.26 may look defensive, but with R² of 0.34 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 0.34 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

WARAX has an expense ratio of 0.70%, placing it in the medium range.

WARAX ranks 94 for risk / return — in the top 94% 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.

The table below present risk-adjusted performance metrics for Allspring Absolute Return Fund (WARAX) and compare them to a chosen benchmark (S&P 500 Index).

Allspring Absolute Return Fund provided a 1.74% dividend yield over the last twelve months, with an annual payout of $0.22 per share.

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.

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.

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 0.24%.

The chart below shows the rolling one-month volatility.