Allspring Absolute Return Fund (WARAX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with WARAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WARAX
WARAX charges 0.70% annually. There are 21 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | WARAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | WARAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | WARAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | WARAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | WARAX vs JNSMX |
Best Risk-Adjusted Alternatives to WARAX
WARAX has a PortfoliosLab risk / return rank of 88. There are 11 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 97 | — | Dec 2002 | WARAX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | WARAX vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | WARAX vs PDSYX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | WARAX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | WARAX vs GBMFX |
Top Performing WARAX Alternatives (YTD)
WARAX is at 13.34% YTD. There are 7 mutual funds in the Global Allocation category with higher YTD returns, going as high as 22.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 22.73% | — | Jun 2007 | WARAX vs CHW | |
| Calamos Global Total Return Fund | 21.26% | — | Oct 2005 | WARAX vs CGO | |
| Calamos Global Opportunities Fund | 16.09% | — | Sep 1996 | WARAX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 16.05% | — | Dec 2002 | WARAX vs TIBAX | |
| Leuthold Global Fund | 13.98% | — | Apr 2008 | WARAX vs GLBIX |
Lowest Volatility Alternatives to WARAX
WARAX has 9.34% 1-year volatility. There are 44 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | WARAX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | WARAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | WARAX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.88% | — | Sep 2011 | WARAX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.93% | — | Dec 2011 | WARAX vs PMFYX |
Lowest Drawdown Alternatives to WARAX
WARAX has a 1-year max drawdown of -5.79%. There are 20 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | WARAX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | WARAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | WARAX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | WARAX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | WARAX vs MSTGX |
Other Mutual Funds from Allspring Global Investments
The 10 most viewed Allspring Global Investments mutual funds shown here include EKWAX, EKBAX, WFMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 25 | -9.93% | — | Jan 1998 | WARAX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 92 | 33.16% | — | Jan 1998 | WARAX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 24 | 12.17% | — | — | WARAX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 85 | 0.86% | — | Aug 1999 | WARAX vs SSHIX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 99 | 1.74% | — | Aug 1999 | WARAX vs SADIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 9 | 4.99% | — | Jan 1998 | WARAX vs EKJAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 13 | 13.11% | — | May 1993 | WARAX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 71 | 11.95% | — | Feb 1990 | WARAX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 12 | 8.90% | — | Feb 2000 | WARAX vs SENAX | |
| Allspring Opportunity Fund | Large Cap Growth Equities | 19 | 9.42% | — | Feb 2000 | WARAX vs SOPVX |
Often Compared With WARAX
Investors most often compare WARAX with CIBFX, LOTIX, TZINX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare WARAX with Any Fund or Stock
Compare WARAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WARAX with funds that move differently
Allspring Absolute Return Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WARAX.
Explore WARAX Diversifiers