CENTX vs. WARAX
Compare and contrast key facts about Centerstone Investors Fund (CENTX) and Allspring Absolute Return Fund (WARAX).
CENTX is managed by Centerstone Investors. It was launched on May 2, 2016. WARAX is managed by Allspring Global Investments. It was launched on Feb 29, 2012.
Performance
CENTX vs. WARAX - Performance Comparison
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CENTX vs. WARAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CENTX Centerstone Investors Fund | 2.97% | 24.41% | -0.04% | 7.56% | -11.05% | 10.67% | 3.64% | 17.70% | -9.14% | 13.82% |
WARAX Allspring Absolute Return Fund | 14.79% | 8.07% | 5.93% | 12.53% | -2.75% | 2.25% | -3.25% | 11.65% | -5.78% | 11.57% |
Returns By Period
In the year-to-date period, CENTX achieves a 2.97% return, which is significantly lower than WARAX's 14.79% return.
CENTX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 2.97%
- 6M
- 5.96%
- 1Y
- 19.55%
- 3Y*
- 9.06%
- 5Y*
- 4.48%
- 10Y*
- —
WARAX
- 1D
- 0.48%
- 1M
- 1.12%
- YTD
- 14.79%
- 6M
- 17.82%
- 1Y
- 21.60%
- 3Y*
- 13.03%
- 5Y*
- 7.02%
- 10Y*
- 5.60%
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CENTX vs. WARAX - Expense Ratio Comparison
CENTX has a 1.10% expense ratio, which is higher than WARAX's 0.70% expense ratio.
Return for Risk
CENTX vs. WARAX — Risk / Return Rank
CENTX
WARAX
CENTX vs. WARAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerstone Investors Fund (CENTX) and Allspring Absolute Return Fund (WARAX). 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.
| CENTX | WARAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 2.45 | -0.52 |
Sortino ratioReturn per unit of downside risk | 2.75 | 3.28 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.34 | -2.21 |
Martin ratioReturn relative to average drawdown | 11.74 | 10.20 | +1.54 |
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
| CENTX | WARAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.45 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.93 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.59 | -0.13 |
Correlation
The correlation between CENTX and WARAX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CENTX vs. WARAX - Dividend Comparison
CENTX's dividend yield for the trailing twelve months is around 4.41%, more than WARAX's 1.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CENTX Centerstone Investors Fund | 4.41% | 4.54% | 2.39% | 1.57% | 1.72% | 1.26% | 0.69% | 2.95% | 3.46% | 1.15% | 0.00% | 0.00% |
WARAX Allspring Absolute Return Fund | 1.74% | 2.00% | 10.90% | 2.80% | 2.34% | 3.23% | 3.34% | 3.38% | 2.66% | 1.77% | 0.76% | 1.35% |
Drawdowns
CENTX vs. WARAX - Drawdown Comparison
The maximum CENTX drawdown since its inception was -35.29%, which is greater than WARAX's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for CENTX and WARAX.
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Drawdown Indicators
| CENTX | WARAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.29% | -23.16% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -5.06% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -14.64% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.16% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.24% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -3.88% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.15% | -0.51% |
Volatility
CENTX vs. WARAX - Volatility Comparison
The current volatility for Centerstone Investors Fund (CENTX) is 0.00%, while Allspring Absolute Return Fund (WARAX) has a volatility of 3.66%. This indicates that CENTX experiences smaller price fluctuations and is considered to be less risky than WARAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CENTX | WARAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.66% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.18% | 7.21% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 8.83% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 7.60% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 7.91% | +5.16% |