AGRW vs. MFUS

Last updated Jun 4, 2026

AGRW (Allspring LT Large Growth ETF) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both Large Cap Growth Equities funds. AGRW is actively managed, while MFUS is passively managed. Over the past year, AGRW returned 23.16% vs 28.04% for MFUS. A 0.61 correlation means they provide meaningful diversification when combined. AGRW charges 0.35%/yr vs 0.30%/yr for MFUS.

Performance

AGRW vs. MFUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring LT Large Growth ETF (AGRW) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGRW achieves a 8.77% return, which is significantly lower than MFUS's 16.37% return.

AGRW

• 1D: -1.69%
• 1M: 7.09%
• YTD: 8.77%
• 6M: 8.21%
• 1Y: 23.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MFUS

• 1D: 0.03%
• 1M: 5.72%
• YTD: 16.37%
• 6M: 16.58%
• 1Y: 28.04%
• 3Y*: 22.25%
• 5Y*: 12.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGRW vs. MFUS - Yearly Performance Comparison

	2026 (YTD)	2025
AGRW Allspring LT Large Growth ETF	8.77%	23.16%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	16.37%	13.97%

Correlation

The correlation between AGRW and MFUS is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	0.61

The correlation between AGRW and MFUS has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

AGRW vs. MFUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGRW

AGRW Risk / Return Rank: 37
AGRW Sharpe Ratio Rank: 43
AGRW Sortino Ratio Rank: 40
AGRW Omega Ratio Rank: 41
AGRW Calmar Ratio Rank: 30
AGRW Martin Ratio Rank: 33

MFUS

MFUS Risk / Return Rank: 82
MFUS Sharpe Ratio Rank: 80
MFUS Sortino Ratio Rank: 83
MFUS Omega Ratio Rank: 78
MFUS Calmar Ratio Rank: 83
MFUS Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGRW vs. MFUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring LT Large Growth ETF (AGRW) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.

	AGRW	MFUS	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.63	-1.17
Sortino ratio: Return per unit of downside risk	2.02	3.77	-1.76
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.41	4.41	-3.00
Martin ratio: Return relative to average drawdown	4.73	18.13	-13.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRW vs. MFUS - Sharpe Ratio Comparison

The current AGRW Sharpe Ratio is 1.46, which is lower than the MFUS Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of AGRW and MFUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGRW	MFUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.63	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.79	+0.49

Drawdowns

AGRW vs. MFUS - Drawdown Comparison

The maximum AGRW drawdown since its inception was -16.46%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for AGRW and MFUS.

Drawdown Indicators

	AGRW	MFUS	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-35.21%	+18.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.46%	-6.39%	-10.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.22%	—
Current Drawdown Current decline from peak	-2.36%	0.00%	-2.36%
Average Drawdown Average peak-to-trough decline	-3.28%	-4.00%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	1.55%	+3.36%

Volatility

AGRW vs. MFUS - Volatility Comparison

Allspring LT Large Growth ETF (AGRW) has a higher volatility of 4.34% compared to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) at 3.19%. This indicates that AGRW's price experiences larger fluctuations and is considered to be riskier than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRW	MFUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.19%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	8.22%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	10.72%	+5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	15.03%	+6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.99%	17.35%	+4.64%

AGRW vs. MFUS - Expense Ratio Comparison

AGRW has a 0.35% expense ratio, which is higher than MFUS's 0.30% expense ratio.

Dividends

AGRW vs. MFUS - Dividend Comparison

AGRW's dividend yield for the trailing twelve months is around 0.12%, less than MFUS's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGRW Allspring LT Large Growth ETF	0.12%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.36%	1.54%	1.45%	1.96%	2.07%	1.35%	1.72%	1.89%	1.69%	1.01%

Frequently Asked Questions

Can I hold both AGRW and MFUS in my portfolio?

AGRW and MFUS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGRW or MFUS?

AGRW has higher volatility (4.34%) compared to MFUS (3.19%). In terms of maximum drawdown, AGRW dropped -16.46% vs MFUS's -35.21%.

Which ETF is better, AGRW or MFUS?

On 1-year performance, MFUS leads with 28.04% vs 23.16% for AGRW. On fees, MFUS is cheaper at 0.30% per year. On volatility, MFUS has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGRW or MFUS?

Over the 1-year period, MFUS has performed better with a 28.04% return vs 23.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGRW or MFUS?

MFUS is cheaper with a 0.30% expense ratio, compared with 0.35% for AGRW.

Which ETF pays a higher dividend yield, AGRW or MFUS?

MFUS has the higher dividend yield at 1.36%, compared with 0.12% for AGRW.

What is the main difference between AGRW and MFUS?

They also come from different issuers: Allspring and PIMCO. Their fees differ too: 0.35% for AGRW and 0.30% for MFUS.

Which has better risk-adjusted returns?

MFUS currently has the higher Sharpe Ratio (2.63 vs 1.46), 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.