EKJAX vs. WSSCX

Last updated Jun 4, 2026

EKJAX (Allspring Premier Large Company Growth Fund) and WSSCX (Allspring Short-Term Municipal Bond Fund) are both mutual funds - EKJAX is a Large Cap Growth Equities fund managed by Allspring Global Investments, while WSSCX is a Municipal Bonds fund managed by Allspring Global Investments. Over the past 10 years, EKJAX returned 16.44%/yr vs 0.73%/yr for WSSCX. At a 0.02 correlation, their price movements are largely independent. EKJAX charges 1.11%/yr vs 1.38%/yr for WSSCX.

Performance

EKJAX vs. WSSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Premier Large Company Growth Fund (EKJAX) and Allspring Short-Term Municipal Bond Fund (WSSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EKJAX achieves a 7.22% return, which is significantly higher than WSSCX's 0.60% return. Over the past 10 years, EKJAX has outperformed WSSCX with an annualized return of 16.44%, while WSSCX has yielded a comparatively lower 0.73% annualized return.

EKJAX

• 1D: 0.50%
• 1M: 3.80%
• YTD: 7.22%
• 6M: 5.67%
• 1Y: 19.23%
• 3Y*: 24.27%
• 5Y*: 10.74%
• 10Y*: 16.44%

WSSCX

• 1D: 0.00%
• 1M: 0.24%
• YTD: 0.60%
• 6M: 0.85%
• 1Y: 2.74%
• 3Y*: 2.56%
• 5Y*: 0.80%
• 10Y*: 0.73%

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

EKJAX vs. WSSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EKJAX Allspring Premier Large Company Growth Fund	7.22%	16.28%	36.91%	33.14%	-33.88%	13.07%	39.03%	45.22%	1.13%	34.03%
WSSCX Allspring Short-Term Municipal Bond Fund	0.60%	2.95%	2.07%	2.73%	-3.62%	-0.63%	1.06%	1.97%	0.67%	0.95%

Correlation

The correlation between EKJAX and WSSCX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 3, 2003	0.02

The correlation between EKJAX and WSSCX shifts across timeframes, from 0.02 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EKJAX vs. WSSCX — Risk / Return Rank

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

EKJAX

EKJAX Risk / Return Rank: 14
EKJAX Sharpe Ratio Rank: 15
EKJAX Sortino Ratio Rank: 15
EKJAX Omega Ratio Rank: 15
EKJAX Calmar Ratio Rank: 11
EKJAX Martin Ratio Rank: 12

WSSCX

WSSCX Risk / Return Rank: 72
WSSCX Sharpe Ratio Rank: 80
WSSCX Sortino Ratio Rank: 87
WSSCX Omega Ratio Rank: 95
WSSCX Calmar Ratio Rank: 54
WSSCX Martin Ratio Rank: 43

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.

EKJAX vs. WSSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Premier Large Company Growth Fund (EKJAX) and Allspring Short-Term Municipal Bond Fund (WSSCX). 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.

	EKJAX	WSSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.62	-1.51
Sortino ratio: Return per unit of downside risk	1.59	4.25	-2.66
Omega ratio: Gain probability vs. loss probability	1.20	1.81	-0.61
Calmar ratio: Return relative to maximum drawdown	1.11	2.81	-1.70
Martin ratio: Return relative to average drawdown	3.54	9.07	-5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EKJAX vs. WSSCX - Sharpe Ratio Comparison

The current EKJAX Sharpe Ratio is 1.11, which is lower than the WSSCX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of EKJAX and WSSCX, 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

	EKJAX	WSSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	2.62	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.55	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.53	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.97	-0.56

Drawdowns

EKJAX vs. WSSCX - Drawdown Comparison

The maximum EKJAX drawdown since its inception was -59.70%, which is greater than WSSCX's maximum drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for EKJAX and WSSCX.

Drawdown Indicators

	EKJAX	WSSCX	Difference
Max Drawdown Largest peak-to-trough decline	-59.70%	-6.08%	-53.62%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	-1.02%	-17.08%
Max Drawdown (3Y) Largest decline over 3 years	-25.48%	-1.65%	-23.83%
Max Drawdown (5Y) Largest decline over 5 years	-50.43%	-5.85%	-44.58%
Max Drawdown (10Y) Largest decline over 10 years	-50.43%	-6.08%	-44.35%
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	-20.57%	-0.73%	-19.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.65%	0.31%	+5.34%

Volatility

EKJAX vs. WSSCX - Volatility Comparison

Allspring Premier Large Company Growth Fund (EKJAX) has a higher volatility of 4.55% compared to Allspring Short-Term Municipal Bond Fund (WSSCX) at 0.35%. This indicates that EKJAX's price experiences larger fluctuations and is considered to be riskier than WSSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EKJAX	WSSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	0.35%	+4.20%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	0.85%	+13.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	1.10%	+16.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.95%	1.46%	+26.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.39%	1.38%	+24.01%

EKJAX vs. WSSCX - Expense Ratio Comparison

EKJAX has a 1.11% expense ratio, which is lower than WSSCX's 1.38% expense ratio.

Dividends

EKJAX vs. WSSCX - Dividend Comparison

EKJAX's dividend yield for the trailing twelve months is around 30.23%, more than WSSCX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKJAX Allspring Premier Large Company Growth Fund	30.23%	32.41%	20.46%	40.04%	0.00%	27.04%	12.00%	16.22%	21.24%	28.36%	11.30%	7.21%
WSSCX Allspring Short-Term Municipal Bond Fund	1.67%	1.66%	1.62%	1.21%	0.55%	0.28%	0.55%	0.94%	0.77%	0.53%	0.42%	0.29%

Frequently Asked Questions

Can I hold both EKJAX and WSSCX in my portfolio?

EKJAX and WSSCX have a correlation of 0.15, 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 WSSCX?

EKJAX has higher volatility (4.55%) compared to WSSCX (0.35%). In terms of maximum drawdown, EKJAX dropped -59.70% vs WSSCX's -6.08%.

Which has better risk-adjusted returns?

WSSCX currently has the higher Sharpe Ratio (2.62 vs 1.11), 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.