EKJAX vs. WRPIX

Last updated Aug 5, 2026

EKJAX (Allspring Premier Large Company Growth Fund) and WRPIX (Allspring Alternative Risk Premia Fund) are both mutual funds - EKJAX is a Large Cap Growth Equities fund managed by Allspring, while WRPIX is a Multistrategy fund managed by Allspring. Over the past 5 years, EKJAX returned 6.92%/yr vs 7.23%/yr for WRPIX. Their 0.00 correlation means their historical movements had little consistent relationship. EKJAX charges 1.11%/yr vs 0.72%/yr for WRPIX.

Performance

EKJAX vs. WRPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Premier Large Company Growth Fund (EKJAX) and Allspring Alternative Risk Premia Fund (WRPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EKJAX achieves a 1.17% return, which is significantly lower than WRPIX's 9.57% return.

EKJAX

• 1D: 1.38%
• 1M: -2.46%
• 6M: 4.61%
• YTD: 1.17%
• 1Y: 2.29%
• 3Y*: 20.94%
• 5Y*: 6.92%
• 10Y*: 15.36%
• ALL TIME*: 8.89%

WRPIX

• 1D: -0.67%
• 1M: 2.53%
• 6M: 4.69%
• YTD: 9.57%
• 1Y: 19.19%
• 3Y*: 7.79%
• 5Y*: 7.23%
• 10Y*: —
• ALL TIME*: 2.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EKJAX Allspring Premier Large Company Growth Fund	$0.00	$0.00	$0.00
WRPIX Allspring Alternative Risk Premia Fund	$0.00	$0.00	$0.00

EKJAX vs. WRPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EKJAX Allspring Premier Large Company Growth Fund	1.17%	16.28%	36.91%	33.14%	-33.88%	13.07%	39.03%	29.15%
WRPIX Allspring Alternative Risk Premia Fund	9.57%	5.37%	11.23%	-0.06%	10.44%	6.84%	-16.77%	-2.86%

Correlation

The correlation between EKJAX and WRPIX is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (3Y) Balances recent behavior with more history.	0.09
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.05
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019	0.00

The correlation between EKJAX and WRPIX shifts across timeframes, from -0.05 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EKJAX vs. WRPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EKJAX

EKJAX Risk / Return Rank: 6
EKJAX Sharpe Ratio Rank: 6
EKJAX Sortino Ratio Rank: 6
EKJAX Omega Ratio Rank: 6
EKJAX Calmar Ratio Rank: 6
EKJAX Martin Ratio Rank: 6

WRPIX

WRPIX Risk / Return Rank: 96
WRPIX Sharpe Ratio Rank: 96
WRPIX Sortino Ratio Rank: 95
WRPIX Omega Ratio Rank: 94
WRPIX Calmar Ratio Rank: 97
WRPIX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EKJAX vs. WRPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Premier Large Company Growth Fund (EKJAX) and Allspring Alternative Risk Premia Fund (WRPIX). 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.

	EKJAX	WRPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	2.77	-2.54
Sortino ratio: Return per unit of downside risk	0.45	3.98	-3.53
Omega ratio: Gain probability vs. loss probability	1.05	1.54	-0.48
Calmar ratio: Return relative to maximum drawdown	0.25	5.13	-4.88
Martin ratio: Return relative to average drawdown	0.76	17.64	-16.88

EKJAX vs. WRPIX - Sharpe Ratio Comparison

The current EKJAX Sharpe Ratio is 0.22, which is lower than the WRPIX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of EKJAX and WRPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EKJAX vs. WRPIX - Drawdown Comparison

The maximum EKJAX drawdown since its inception was -59.70%, which is greater than WRPIX's maximum drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for EKJAX and WRPIX.

Drawdown Indicators

	EKJAX	WRPIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.70%	-21.67%	-38.03%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	-3.76%	-14.34%
Max Drawdown (3Y) Largest decline over 3 years	-25.48%	-8.72%	-16.76%
Max Drawdown (5Y) Largest decline over 5 years	-50.43%	-8.72%	-41.71%
Max Drawdown (10Y) Largest decline over 10 years	-50.43%	—	—
Current Drawdown Current decline from peak	-5.64%	-1.87%	-3.77%
Average Drawdown Average peak-to-trough decline	-20.47%	-7.20%	-13.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.91%	1.09%	+4.82%

Volatility

EKJAX vs. WRPIX - Volatility Comparison

Allspring Premier Large Company Growth Fund (EKJAX) has a higher volatility of 6.26% compared to Allspring Alternative Risk Premia Fund (WRPIX) at 2.27%. This indicates that EKJAX's price experiences larger fluctuations and is considered to be riskier than WRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EKJAX	WRPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	2.27%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	16.55%	5.27%	+11.28%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	6.98%	+13.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.25%	7.17%	+21.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.53%	7.08%	+18.45%

EKJAX vs. WRPIX - Expense Ratio Comparison

EKJAX has a 1.11% expense ratio, which is higher than WRPIX's 0.72% expense ratio.

Dividends

EKJAX vs. WRPIX - Dividend Comparison

EKJAX's dividend yield for the trailing twelve months is around 32.04%, more than WRPIX's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKJAX Allspring Premier Large Company Growth Fund	32.04%	32.41%	20.46%	40.04%	0.00%	27.04%	12.00%	16.22%	21.24%	28.36%	11.30%	7.21%
WRPIX Allspring Alternative Risk Premia Fund	6.54%	7.16%	3.25%	4.66%	15.23%	0.00%	0.00%	1.76%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EKJAX and WRPIX in my portfolio?

EKJAX and WRPIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EKJAX or WRPIX?

EKJAX has higher volatility (6.26%) compared to WRPIX (2.27%). In terms of maximum drawdown, EKJAX dropped -59.70% vs WRPIX's -21.67%.

Which has better risk-adjusted returns?

WRPIX currently has the higher Sharpe Ratio (2.77 vs 0.22), 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.