ERC vs. VGI
ERC (Allspring Multi-Sector Income Fund) is a stock, while VGI (Virtus Global Multi-Sector Income Fund) is Multisector Bonds fund managed by Virtus. Over the past 10 years, ERC returned 6.20%/yr vs 4.93%/yr for VGI. At a 0.42 correlation, their price movements are largely independent.
Performance
ERC vs. VGI - Performance Comparison
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Returns By Period
In the year-to-date period, ERC achieves a 1.36% return, which is significantly higher than VGI's 0.52% return. Over the past 10 years, ERC has outperformed VGI with an annualized return of 6.20%, while VGI has yielded a comparatively lower 4.93% annualized return.
ERC
- 1D
- -0.22%
- 1M
- 0.82%
- YTD
- 1.36%
- 6M
- 0.82%
- 1Y
- 5.98%
- 3Y*
- 9.41%
- 5Y*
- 2.19%
- 10Y*
- 6.20%
VGI
- 1D
- 0.00%
- 1M
- 1.50%
- YTD
- 0.52%
- 6M
- 1.16%
- 1Y
- 8.75%
- 3Y*
- 12.52%
- 5Y*
- 2.63%
- 10Y*
- 4.93%
ERC vs. VGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERC Allspring Multi-Sector Income Fund | 1.36% | 11.10% | 6.10% | 4.88% | -17.77% | 18.77% | 4.36% | 28.05% | -5.94% | 11.99% |
VGI Virtus Global Multi-Sector Income Fund | 0.52% | 16.14% | 10.43% | 14.58% | -21.70% | 1.40% | 9.81% | 27.29% | -28.73% | 27.46% |
Correlation
The correlation between ERC and VGI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.42 |
The correlation between ERC and VGI has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
ERC vs. VGI — Risk / Return Rank
ERC
VGI
ERC vs. VGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Multi-Sector Income Fund (ERC) and Virtus Global Multi-Sector Income Fund (VGI). 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.
| ERC | VGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.07 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.88 | 3.74 | -0.86 |
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Drawdowns
ERC vs. VGI - Drawdown Comparison
The maximum ERC drawdown since its inception was -47.41%, roughly equal to the maximum VGI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for ERC and VGI.
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Drawdown Indicators
| ERC | VGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.41% | -48.08% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -8.21% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -12.34% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -33.65% | -32.95% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -41.33% | -48.08% | +6.75% |
Current DrawdownCurrent decline from peak | -1.77% | -2.86% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -10.40% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.34% | -0.26% |
Volatility
ERC vs. VGI - Volatility Comparison
Allspring Multi-Sector Income Fund (ERC) has a higher volatility of 2.80% compared to Virtus Global Multi-Sector Income Fund (VGI) at 1.86%. This indicates that ERC's price experiences larger fluctuations and is considered to be riskier than VGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERC | VGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.86% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 6.48% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 7.87% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 10.53% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 16.74% | -0.91% |
Dividends
ERC vs. VGI - Dividend Comparison
ERC's dividend yield for the trailing twelve months is around 9.66%, less than VGI's 12.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERC Allspring Multi-Sector Income Fund | 9.66% | 9.35% | 8.65% | 8.44% | 10.70% | 8.51% | 9.51% | 9.35% | 11.56% | 9.66% | 8.80% | 13.67% |
VGI Virtus Global Multi-Sector Income Fund | 12.97% | 12.24% | 12.57% | 12.26% | 13.42% | 10.22% | 11.81% | 12.10% | 15.00% | 10.70% | 12.21% | 15.60% |
Frequently Asked Questions
ERC and VGI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERC has higher volatility (2.80%) compared to VGI (1.86%). In terms of maximum drawdown, ERC dropped -47.41% vs VGI's -48.08%.
VGI currently has the higher Sharpe Ratio (1.12 vs 0.63), 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.
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