Allspring Alternative Risk Premia Fund (WRPIX)

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The chart shows the growth of an initial investment of $10,000 in Allspring Alternative Risk Premia 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 Alternative Risk Premia Fund (WRPIX) has returned 9.08% so far this year and 11.70% 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 +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 53% of months were positive and 47% were negative. The best month was Mar 2026 with a return of +4.6%, 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 2.91%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 07, 2019.

• This fund captured 7.12% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.04%) — 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 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) and compare them to a chosen benchmark (S&P 500 Index).

Allspring Alternative Risk Premia Fund provided a 6.57% 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 chart below shows the rolling one-month volatility.