^TNX vs. WFMIX
^TNX (Treasury Yield 10 Years) is an index, while WFMIX (Allspring Special Mid Cap Value Fund Class I) is Mid Cap Value Equities fund managed by Allspring Global Investments. Over the past 10 years, ^TNX returned 10.75%/yr vs 10.47%/yr for WFMIX. At a 0.27 correlation, their price movements are largely independent.
Performance
^TNX vs. WFMIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ^TNX having a 9.34% return and WFMIX slightly higher at 9.41%. Both investments have delivered pretty close results over the past 10 years, with ^TNX having a 10.75% annualized return and WFMIX not far behind at 10.47%.
^TNX
- 1D
- 0.35%
- 1M
- 4.31%
- YTD
- 9.34%
- 6M
- 9.11%
- 1Y
- 0.93%
- 3Y*
- 6.72%
- 5Y*
- 25.04%
- 10Y*
- 10.75%
WFMIX
- 1D
- -1.46%
- 1M
- 1.88%
- YTD
- 9.41%
- 6M
- 9.04%
- 1Y
- 16.32%
- 3Y*
- 11.99%
- 5Y*
- 7.45%
- 10Y*
- 10.47%
^TNX vs. WFMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^TNX Treasury Yield 10 Years | 9.34% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | -1.68% |
WFMIX Allspring Special Mid Cap Value Fund Class I | 9.41% | 6.14% | 11.95% | 9.54% | -4.65% | 28.53% | 3.27% | 40.27% | -13.12% | 11.16% |
Correlation
The correlation between ^TNX and WFMIX is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2005 | 0.27 |
The correlation between ^TNX and WFMIX shifts across timeframes, from -0.30 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^TNX vs. WFMIX — Risk / Return Rank
^TNX
WFMIX
^TNX vs. WFMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and Allspring Special Mid Cap Value Fund Class I (WFMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^TNX | WFMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.22 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.82 | -1.74 |
| Martin ratioReturn relative to average drawdown | 0.14 | 5.99 | -5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^TNX | WFMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 1.26 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.43 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.56 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.47 | -0.50 |
Drawdowns
^TNX vs. WFMIX - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -96.85%, which is greater than WFMIX's maximum drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for ^TNX and WFMIX.
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Drawdown Indicators
| ^TNX | WFMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.85% | -52.70% | -44.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -9.66% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -27.41% | -18.30% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -22.13% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -84.57% | -43.80% | -40.77% |
Current DrawdownCurrent decline from peak | -71.26% | -1.46% | -69.80% |
Average DrawdownAverage peak-to-trough decline | -55.00% | -7.48% | -47.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 2.93% | +4.05% |
Volatility
^TNX vs. WFMIX - Volatility Comparison
Treasury Yield 10 Years (^TNX) has a higher volatility of 4.91% compared to Allspring Special Mid Cap Value Fund Class I (WFMIX) at 3.96%. This indicates that ^TNX's price experiences larger fluctuations and is considered to be riskier than WFMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^TNX | WFMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 3.96% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 10.57% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 14.01% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.40% | 17.20% | +15.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.99% | 18.90% | +29.09% |
Frequently Asked Questions
^TNX and WFMIX have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TNX has higher volatility (4.91%) compared to WFMIX (3.96%). In terms of maximum drawdown, ^TNX dropped -96.85% vs WFMIX's -52.70%.
WFMIX currently has the higher Sharpe Ratio (1.26 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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