APLU vs. ALRG

Last updated Jun 24, 2026

APLU (Allspring Core Plus ETF) and ALRG (Allspring LT Large Core ETF) are both exchange-traded funds - APLU is a Intermediate Core-Plus Bond fund actively managed by Allspring, while ALRG is a Large Cap Blend Equities fund actively managed by Allspring. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. APLU charges 0.31%/yr vs 0.28%/yr for ALRG.

Performance

APLU vs. ALRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Core Plus ETF (APLU) and Allspring LT Large Core ETF (ALRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APLU achieves a 0.51% return, which is significantly lower than ALRG's 5.94% return.

APLU

• 1D: 0.12%
• 1M: 0.69%
• YTD: 0.51%
• 6M: 0.79%
• 1Y: 4.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALRG

• 1D: -0.97%
• 1M: -2.19%
• YTD: 5.94%
• 6M: 5.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLU vs. ALRG - Yearly Performance Comparison

	2026 (YTD)	2025
APLU Allspring Core Plus ETF	0.51%	4.08%
ALRG Allspring LT Large Core ETF	5.94%	11.78%

Correlation

The correlation between APLU and ALRG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.31

Return for Risk

APLU vs. ALRG — Risk / Return Rank

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

APLU

APLU Risk / Return Rank: 35
APLU Sharpe Ratio Rank: 35
APLU Sortino Ratio Rank: 34
APLU Omega Ratio Rank: 34
APLU Calmar Ratio Rank: 36
APLU Martin Ratio Rank: 36

ALRG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

APLU vs. ALRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus ETF (APLU) and Allspring LT Large Core ETF (ALRG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APLU	ALRG	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	4.92	—	—

Drawdowns

APLU vs. ALRG - Drawdown Comparison

The maximum APLU drawdown since its inception was -3.24%, smaller than the maximum ALRG drawdown of -9.27%. Use the drawdown chart below to compare losses from any high point for APLU and ALRG.

Drawdown Indicators

	APLU	ALRG	Difference
Max Drawdown Largest peak-to-trough decline	-3.24%	-9.27%	+6.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	—	—
Current Drawdown Current decline from peak	-1.26%	-3.79%	+2.53%
Average Drawdown Average peak-to-trough decline	-0.91%	-1.36%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	—	—

Volatility

Volatility by Period

	APLU	ALRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	12.84%	-8.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	12.84%	-7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	12.84%	-7.80%

APLU vs. ALRG - Expense Ratio Comparison

APLU has a 0.31% expense ratio, which is higher than ALRG's 0.28% expense ratio.

Dividends

APLU vs. ALRG - Dividend Comparison

APLU's dividend yield for the trailing twelve months is around 5.42%, more than ALRG's 0.44% yield.

Position	TTM	2025	2024
ALRG Allspring LT Large Core ETF	0.44%	0.47%	0.00%
APLU Allspring Core Plus ETF	5.42%	5.13%	0.44%

Frequently Asked Questions

Can I hold both APLU and ALRG in my portfolio?

APLU and ALRG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APLU or ALRG?

On fees, ALRG is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLU or ALRG?

ALRG is cheaper with a 0.28% expense ratio, compared with 0.31% for APLU.

Which ETF pays a higher dividend yield, APLU or ALRG?

APLU has the higher dividend yield at 5.42%, compared with 0.44% for ALRG.

What is the main difference between APLU and ALRG?

APLU is categorized as Intermediate Core-Plus Bond, while ALRG is Large Cap Blend Equities. Their fees differ too: 0.31% for APLU and 0.28% for ALRG.