WRPIX Alternatives & Similar Mutual Funds

Allspring Alternative Risk Premia Fund (WRPIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with WRPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to WRPIX

WRPIX charges 0.72% annually. There are 4 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.

Symbol	Name	Expense Ratio	AUM	Inception
RMDFX	Aspiriant Defensive Allocation Fund	0.18%	—	Dec 2015	WRPIX vs RMDFX
SPATX	Symmetry Panoramic Alternatives Fund	0.50%	—	Nov 2018	WRPIX vs SPATX
TALTX	Morgan Stanley Pathway Funds Alternative Strategie...	0.59%	—	Feb 2018	WRPIX vs TALTX
GAAVX	GMO Alternative Allocation Fund	0.61%	—	May 2019	WRPIX vs GAAVX
JAAAX	John Hancock Funds Alternative Asset Allocation Fu...	0.72%	—	Jan 2009	WRPIX vs JAAAX

Best Risk-Adjusted Alternatives to WRPIX

WRPIX has a PortfoliosLab risk / return rank of 93. There are 17 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	100	—	Dec 2013	WRPIX vs SRRIX
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	100	—	Aug 2017	WRPIX vs ARBIX
FSLTX	Strategic Advisers Alternatives Fund	99	—	Jul 2022	WRPIX vs FSLTX
ADAIX	AQR Diversified Arbitrage Fund Class I	99	—	Jan 2009	WRPIX vs ADAIX
ADANX	AQR Diversified Arbitrage Fund Class N	99	—	Jan 2009	WRPIX vs ADANX

Top Performing WRPIX Alternatives (YTD)

WRPIX is at 10.67% YTD. There are 13 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.99%.

Symbol	Name	YTD Return	AUM	Inception
QRPRX	AQR Alternative Risk Premia R6	18.99%	—	Sep 2017	WRPIX vs QRPRX
QRPIX	AQR Alternative Risk Premia Fund	18.92%	—	Sep 2017	WRPIX vs QRPIX
QRPNX	AQR Alternative Risk Premia Fund Class N	18.84%	—	Sep 2017	WRPIX vs QRPNX
MAFIX	Abbey Capital Multi Asset Fund Class I	13.53%	—	Apr 2018	WRPIX vs MAFIX
QSPRX	AQR Style Premia Alternative R6	12.86%	—	Sep 2014	WRPIX vs QSPRX

Lowest Volatility Alternatives to WRPIX

WRPIX has 6.65% 1-year volatility. There are 28 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.

Symbol	Name	Volatility 1Y	AUM	Inception
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	1.22%	—	Aug 2017	WRPIX vs ARBIX
ADAIX	AQR Diversified Arbitrage Fund Class I	1.40%	—	Jan 2009	WRPIX vs ADAIX
ADANX	AQR Diversified Arbitrage Fund Class N	1.43%	—	Jan 2009	WRPIX vs ADANX
TALTX	Morgan Stanley Pathway Funds Alternative Strategie...	1.43%	—	Feb 2018	WRPIX vs TALTX
TMSRX	T. Rowe Price Multi-Strategy Total Return Fund	1.70%	—	Feb 2018	WRPIX vs TMSRX

Lowest Drawdown Alternatives to WRPIX

WRPIX has a 1-year max drawdown of -2.79%. There are 20 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ADANX	AQR Diversified Arbitrage Fund Class N	-0.39%	—	Jan 2009	WRPIX vs ADANX
ADAIX	AQR Diversified Arbitrage Fund Class I	-0.46%	—	Jan 2009	WRPIX vs ADAIX
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	-0.51%	—	Aug 2017	WRPIX vs ARBIX
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	-0.55%	—	Dec 2013	WRPIX vs SRRIX
TMSRX	T. Rowe Price Multi-Strategy Total Return Fund	-0.83%	—	Feb 2018	WRPIX vs TMSRX

Often Compared With WRPIX

Investors most often compare WRPIX with SRDAX, FCRIX, ATRFX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SRDAX	Stone Ridge Diversified Alternatives Fund	Multistrategy	89	5.17%	—	Apr 2020	WRPIX vs SRDAX
FCRIX	FS Credit Income Fund Class I	Multistrategy	96	2.90%	—	Nov 2017	WRPIX vs FCRIX
ATRFX	Catalyst Systematic Alpha Class I	Multistrategy	9	0.09%	—	Jul 2014	WRPIX vs ATRFX
DMSFX	Destinations Multi Strategy Alternatives Fund	Multistrategy	35	0.62%	—	Mar 2017	WRPIX vs DMSFX
FSMSX	FS Multi-Strategy Alternatives Fund	Multistrategy	88	4.13%	—	May 2017	WRPIX vs FSMSX
QMFIX	AQR MS Fusion Fund Class I	Multistrategy	—	11.51%	—	Jun 2025	WRPIX vs QMFIX
CSQAX	Credit Suisse Multialternative Strategy Fund Class...	Multistrategy	7	4.50%	—	Mar 2012	WRPIX vs CSQAX
BAMBX	BlackRock Systematic Multi-Strategy Fund	Multistrategy	4	-0.77%	—	Sep 2020	WRPIX vs BAMBX
GSRTX	Goldman Sachs Absolute Return Tracker Fund	Multistrategy	79	6.74%	—	May 2008	WRPIX vs GSRTX
GAFYX	AlphaSimplex Global Alternatives Fund	Multistrategy	75	11.13%	—	Sep 2008	WRPIX vs GAFYX
MSTVX	Morningstar Alternatives Fund	Multistrategy	63	0.75%	—	Nov 2018	WRPIX vs MSTVX
BXMIX	Blackstone Alternative Multi-Strategy Fund	Multistrategy	99	3.46%	—	Jun 2014	WRPIX vs BXMIX
RYMQX	Guggenheim Series Multi-Hedge Strategies Fund	Multistrategy	68	5.25%	—	Sep 2005	WRPIX vs RYMQX
QHFIX	AQR MS Fusion HV Fund Fund Class I	Multistrategy	—	3.72%	—	Jun 2025	WRPIX vs QHFIX
QSPNX	AQR Style Premia Alternative Fund Class N	Multistrategy	49	12.78%	—	Oct 2013	WRPIX vs QSPNX
SHRIX	Stone Ridge High Yield Reinsurance Risk Premium Fu...	Multistrategy	98	1.46%	—	Feb 2013	WRPIX vs SHRIX
GIMMX	Goldman Sachs Multi-Manager Alternatives Fund	Multistrategy	58	7.76%	—	Apr 2013	WRPIX vs GIMMX
QSPIX	AQR Style Premia Alternative Fund	Multistrategy	50	12.83%	—	Oct 2013	WRPIX vs QSPIX
PASIX	PACE Alternative Strategies Investments	Multistrategy	53	4.04%	—	Apr 2006	WRPIX vs PASIX
QDSIX	AQR Diversifying Strategies Fund	Multistrategy	92	6.42%	—	Jun 2020	WRPIX vs QDSIX

Compare WRPIX with Any Fund or Stock

Compare WRPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair WRPIX with funds that move differently

Allspring Alternative Risk Premia Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WRPIX.

Explore WRPIX Diversifiers

Allspring Alternative Risk Premia Fund (WRPIX) Alternatives