EKWAX vs. WGCFX

Last updated Apr 2, 2026

Compare and contrast key facts about Allspring Precious Metals Fund (EKWAX) and Allspring Spectrum Growth Fund (WGCFX).

EKWAX is managed by Allspring Global Investments. It was launched on Jan 19, 1998. WGCFX is managed by Allspring Global Investments. It was launched on Sep 29, 2004.

Performance

EKWAX vs. WGCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Precious Metals Fund (EKWAX) and Allspring Spectrum Growth Fund (WGCFX). The values are adjusted to include any dividend payments, if applicable.

EKWAX vs. WGCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EKWAX Allspring Precious Metals Fund	8.92%	163.65%	21.28%	8.83%	-7.75%	-11.00%	24.40%	40.35%	-12.83%	6.30%
WGCFX Allspring Spectrum Growth Fund	2.47%	14.99%	10.56%	13.82%	-17.36%	14.27%	16.60%	20.27%	-8.64%	18.13%

Returns By Period

In the year-to-date period, EKWAX achieves a 8.92% return, which is significantly higher than WGCFX's 2.47% return.

EKWAX

• 1D: 6.98%
• 1M: -18.83%
• YTD: 8.92%
• 6M: 26.99%
• 1Y: 114.34%
• 3Y*: 49.72%
• 5Y*: 27.92%
• 10Y*: 18.20%

WGCFX

• 1D: 1.41%
• 1M: -3.79%
• YTD: 2.47%
• 6M: 3.74%
• 1Y: 18.20%
• 3Y*: 12.57%
• 5Y*: 6.02%
• 10Y*: —

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

EKWAX vs. WGCFX - Expense Ratio Comparison

EKWAX has a 1.09% expense ratio, which is lower than WGCFX's 1.50% expense ratio.

WGCFX

Allspring Spectrum Growth Fund

EKWAX

Allspring Precious Metals Fund

Return for Risk

EKWAX vs. WGCFX — Risk / Return Rank

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

EKWAX

EKWAX Risk / Return Rank: 94
EKWAX Sharpe Ratio Rank: 97
EKWAX Sortino Ratio Rank: 92
EKWAX Omega Ratio Rank: 90
EKWAX Calmar Ratio Rank: 97
EKWAX Martin Ratio Rank: 96

WGCFX

WGCFX Risk / Return Rank: 86
WGCFX Sharpe Ratio Rank: 84
WGCFX Sortino Ratio Rank: 85
WGCFX Omega Ratio Rank: 81
WGCFX Calmar Ratio Rank: 92
WGCFX Martin Ratio Rank: 88

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.

EKWAX vs. WGCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Precious Metals Fund (EKWAX) and Allspring Spectrum Growth Fund (WGCFX). 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.

	EKWAX	WGCFX	Difference
Sharpe ratio Return per unit of total volatility	2.63	1.74	+0.89
Sortino ratio Return per unit of downside risk	2.76	2.41	+0.34
Omega ratio Gain probability vs. loss probability	1.41	1.34	+0.07
Calmar ratio Return relative to maximum drawdown	4.00	3.01	+0.99
Martin ratio Return relative to average drawdown	14.89	10.54	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EKWAX vs. WGCFX - Sharpe Ratio Comparison

The current EKWAX Sharpe Ratio is 2.63, which is higher than the WGCFX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of EKWAX and WGCFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EKWAX	WGCFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.74	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.57	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.74	-0.41

Correlation

The correlation between EKWAX and WGCFX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EKWAX vs. WGCFX - Dividend Comparison

EKWAX's dividend yield for the trailing twelve months is around 1.10%, less than WGCFX's 7.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EKWAX Allspring Precious Metals Fund	1.10%	1.19%	0.84%	0.00%	2.01%	1.35%	1.45%	0.11%	0.00%	1.34%	1.11%
WGCFX Allspring Spectrum Growth Fund	7.97%	8.17%	6.22%	0.26%	6.87%	13.28%	11.04%	0.60%	18.34%	13.76%	0.00%

Drawdowns

EKWAX vs. WGCFX - Drawdown Comparison

The maximum EKWAX drawdown since its inception was -76.76%, which is greater than WGCFX's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for EKWAX and WGCFX.

Drawdown Indicators

	EKWAX	WGCFX	Difference
Max Drawdown Largest peak-to-trough decline	-76.76%	-22.60%	-54.16%
Max Drawdown (1Y) Largest decline over 1 year	-29.03%	-6.20%	-22.83%
Max Drawdown (5Y) Largest decline over 5 years	-42.79%	-22.60%	-20.19%
Max Drawdown (10Y) Largest decline over 10 years	-49.23%	—	—
Current Drawdown Current decline from peak	-19.01%	-4.39%	-14.62%
Average Drawdown Average peak-to-trough decline	-32.85%	-4.96%	-27.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	1.77%	+6.04%

Volatility

EKWAX vs. WGCFX - Volatility Comparison

Allspring Precious Metals Fund (EKWAX) has a higher volatility of 17.42% compared to Allspring Spectrum Growth Fund (WGCFX) at 3.25%. This indicates that EKWAX's price experiences larger fluctuations and is considered to be riskier than WGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EKWAX	WGCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.42%	3.25%	+14.17%
Volatility (6M) Calculated over the trailing 6-month period	36.22%	7.54%	+28.68%
Volatility (1Y) Calculated over the trailing 1-year period	43.87%	10.85%	+33.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.80%	10.66%	+22.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.17%	11.46%	+21.71%