Allspring Alternative Risk Premia Fund (WRPIX)

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Allspring Alternative Risk Premia Fund (WRPIX) is up 8.8% since the beginning of the year. WRPIX is currently trading at $9 per share. Investors who bought $1,000 worth of WRPIX shares 5 years ago would now be looking at an investment worth $1,413.

Allspring Alternative Risk Premia Fund (WRPIX) has returned 8.83% so far this year and 20.18% over the past 12 months.

Based on dividend-adjusted daily data since Feb 6, 2019, WRPIX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 53% of months were positive and 47% were negative. The best month was Mar 2026 with a return of +5.1%, while the worst month was Mar 2020 at -9.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, WRPIX closed higher 46% of trading days. The best single day was Dec 20, 2024 with a return of +2.8%, while the worst single day was Apr 10, 2025 at -3.2%.

Allspring Alternative Risk Premia Fund has an annualized alpha of 2.74%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 06, 2019.

• This fund captured 6.76% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.37%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

WRPIX has an expense ratio of 0.72%, placing it in the medium range.

WRPIX ranks 95 for risk / return — in the top 95% 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.

Allspring Alternative Risk Premia Fund provided a 6.58% dividend yield over the last twelve months, with an annual payout of $0.58 per share.

The table displays the monthly dividend distributions for Allspring Alternative Risk Premia 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 Alternative Risk Premia 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 Alternative Risk Premia Fund was 21.67%, occurring on Dec 14, 2020. Recovery took 886 trading sessions.

The current Allspring Alternative Risk Premia Fund drawdown is 1.99%.

The chart below shows the rolling one-month volatility.