Allspring Absolute Return Fund (WARAX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to WARAX
WARAX charges 0.70% annually. Among mutual funds in the Global Allocation category, these options have the lowest expense ratios among WARAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | Feb 29, 2012 | WARAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | Jan 1, 1998 | WARAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | Apr 30, 2013 | WARAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | Apr 5, 2006 | WARAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | Dec 29, 2005 | WARAX vs JNSMX |
Best Risk-Adjusted Alternatives to WARAX
Among mutual funds in the Global Allocation category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | Dec 23, 2002 | WARAX vs TIBAX | |
| Hartford Real Asset Fund | 97 | May 27, 2010 | WARAX vs HRLYX | |
| GMO Benchmark-Free Fund | 97 | Jun 14, 2011 | WARAX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 96 | Jul 22, 2003 | WARAX vs GBMFX | |
| GMO Implementation Fund | 96 | Feb 29, 2012 | WARAX vs GIMFX |
Top Performing WARAX Alternatives (YTD)
WARAX alternatives from the Global Allocation category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Hartford Real Asset Fund | 10.68% | May 27, 2010 | WARAX vs HRLYX | |
| Wilmington Real Asset Fund | 10.27% | Jun 30, 2003 | WARAX vs WMRIX | |
| Cohen & Steers Real Assets Fund Inc | 10.26% | Jan 30, 2012 | WARAX vs RAPZX | |
| Principal Diversified Real Asset Fund | 9.23% | Mar 15, 2010 | WARAX vs PDRDX | |
| DWS RREEF Real Assets Fund | 8.70% | Jul 29, 2007 | WARAX vs AAAZX |
Lowest Volatility Alternatives to WARAX
WARAX alternatives from the Global Allocation category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| PFG BNY Mellon Diversifier Strategy Fund | 4.95% | Dec 10, 2017 | WARAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | Mar 24, 2011 | WARAX vs LFMIX | |
| MH Elite Income Fund of Funds | 6.46% | Aug 14, 2011 | WARAX vs MHEIX | |
| Principal Diversified Select Real Asset Fund | 6.83% | Jul 2, 2019 | WARAX vs PDSYX | |
| Nuveen Real Asset Income Fund | 6.94% | Sep 12, 2011 | WARAX vs NRIIX |
Lowest Drawdown Alternatives to WARAX
WARAX alternatives from the Global Allocation category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | -3.08% | Mar 24, 2011 | WARAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -4.21% | Dec 10, 2017 | WARAX vs PFADX | |
| MH Elite Income Fund of Funds | -4.54% | Aug 14, 2011 | WARAX vs MHEIX | |
| Principal Diversified Select Real Asset Fund | -5.32% | Jul 2, 2019 | WARAX vs PDSYX | |
| Catalyst/MAP Global Balanced Fund | -5.60% | Jul 28, 2011 | WARAX vs TRXAX |
Other Mutual Funds from Allspring Global Investments
Most popular Allspring Global Investments mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 93 | 1.81% | Jan 19, 1998 | WARAX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 90 | 4.55% | Jan 19, 1998 | WARAX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 23 | 0.81% | — | WARAX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 98 | 0.10% | Aug 31, 1999 | WARAX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 21 | -13.16% | Jan 20, 1998 | WARAX vs EKJAX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 99 | 0.33% | Aug 31, 1999 | WARAX vs SADIX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 56 | -6.75% | Feb 28, 1990 | WARAX vs EVSAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 7 | -1.86% | May 7, 1993 | WARAX vs ESPAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 27 | -9.06% | Feb 24, 2000 | WARAX vs SENAX | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 34 | 4.92% | Jan 31, 2002 | WARAX vs SCVAX |
Often Compared With WARAX
What investors most often compare with WARAX, 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.