EVSAX vs. WFPAX

Last updated Jun 4, 2026

EVSAX (Allspring Disciplined U.S. Core Fund) and WFPAX (Allspring Special Mid Cap Value Fund - Class A) are both mutual funds - EVSAX is a Large Cap Blend Equities fund managed by Allspring Global Investments, while WFPAX is a Mid Cap Value Equities fund managed by Allspring Global Investments. Over the past 10 years, EVSAX returned 15.51%/yr vs 10.45%/yr for WFPAX. Their correlation of 0.87 suggests significant overlap in exposure. EVSAX charges 0.86%/yr vs 1.12%/yr for WFPAX.

Performance

EVSAX vs. WFPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Disciplined U.S. Core Fund (EVSAX) and Allspring Special Mid Cap Value Fund - Class A (WFPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVSAX achieves a 12.18% return, which is significantly higher than WFPAX's 10.81% return. Over the past 10 years, EVSAX has outperformed WFPAX with an annualized return of 15.51%, while WFPAX has yielded a comparatively lower 10.45% annualized return.

EVSAX

• 1D: 0.28%
• 1M: 5.86%
• YTD: 12.18%
• 6M: 12.41%
• 1Y: 30.01%
• 3Y*: 24.42%
• 5Y*: 15.23%
• 10Y*: 15.51%

WFPAX

• 1D: 0.92%
• 1M: 3.32%
• YTD: 10.81%
• 6M: 9.62%
• 1Y: 18.41%
• 3Y*: 12.30%
• 5Y*: 7.44%
• 10Y*: 10.45%

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

EVSAX vs. WFPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVSAX Allspring Disciplined U.S. Core Fund	12.18%	18.65%	29.20%	25.97%	-18.21%	30.35%	15.95%	31.87%	-8.43%	20.47%
WFPAX Allspring Special Mid Cap Value Fund - Class A	10.81%	5.81%	11.58%	9.17%	-4.95%	28.14%	2.93%	39.96%	-13.42%	10.82%

Correlation

The correlation between EVSAX and WFPAX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 1, 2007	0.87

Over the past year, the correlation between EVSAX and WFPAX has dropped to 0.62 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

EVSAX vs. WFPAX — Risk / Return Rank

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

EVSAX

EVSAX Risk / Return Rank: 75
EVSAX Sharpe Ratio Rank: 77
EVSAX Sortino Ratio Rank: 69
EVSAX Omega Ratio Rank: 65
EVSAX Calmar Ratio Rank: 79
EVSAX Martin Ratio Rank: 86

WFPAX

WFPAX Risk / Return Rank: 26
WFPAX Sharpe Ratio Rank: 24
WFPAX Sortino Ratio Rank: 26
WFPAX Omega Ratio Rank: 22
WFPAX Calmar Ratio Rank: 29
WFPAX Martin Ratio Rank: 28

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.

EVSAX vs. WFPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Disciplined U.S. Core Fund (EVSAX) and Allspring Special Mid Cap Value Fund - Class A (WFPAX). 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.

	EVSAX	WFPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.40	+1.14
Sortino ratio: Return per unit of downside risk	3.46	2.11	+1.35
Omega ratio: Gain probability vs. loss probability	1.45	1.25	+0.20
Calmar ratio: Return relative to maximum drawdown	3.57	2.03	+1.54
Martin ratio: Return relative to average drawdown	16.43	6.63	+9.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVSAX vs. WFPAX - Sharpe Ratio Comparison

The current EVSAX Sharpe Ratio is 2.54, which is higher than the WFPAX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of EVSAX and WFPAX, 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

	EVSAX	WFPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	1.40	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.43	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.55	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.43	+0.07

Drawdowns

EVSAX vs. WFPAX - Drawdown Comparison

The maximum EVSAX drawdown since its inception was -53.73%, roughly equal to the maximum WFPAX drawdown of -56.20%. Use the drawdown chart below to compare losses from any high point for EVSAX and WFPAX.

Drawdown Indicators

	EVSAX	WFPAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.73%	-56.20%	+2.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-9.66%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-18.40%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	-22.55%	-5.17%
Max Drawdown (10Y) Largest decline over 10 years	-33.03%	-43.81%	+10.78%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.74%	-8.94%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.95%	-1.08%

Volatility

EVSAX vs. WFPAX - Volatility Comparison

The current volatility for Allspring Disciplined U.S. Core Fund (EVSAX) is 2.94%, while Allspring Special Mid Cap Value Fund - Class A (WFPAX) has a volatility of 4.02%. This indicates that EVSAX experiences smaller price fluctuations and is considered to be less risky than WFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSAX	WFPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	4.02%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	10.56%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	13.96%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	17.25%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	18.93%	-0.54%

EVSAX vs. WFPAX - Expense Ratio Comparison

EVSAX has a 0.86% expense ratio, which is lower than WFPAX's 1.12% expense ratio.

Dividends

EVSAX vs. WFPAX - Dividend Comparison

EVSAX's dividend yield for the trailing twelve months is around 4.94%, less than WFPAX's 10.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVSAX Allspring Disciplined U.S. Core Fund	4.94%	5.54%	6.61%	9.22%	14.46%	8.22%	9.22%	6.68%	7.11%	4.31%	2.43%	11.99%
WFPAX Allspring Special Mid Cap Value Fund - Class A	10.27%	11.38%	7.97%	5.39%	8.69%	9.86%	0.36%	7.38%	2.40%	4.14%	1.08%	4.14%

Frequently Asked Questions

Can I hold both EVSAX and WFPAX in my portfolio?

EVSAX and WFPAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVSAX or WFPAX?

WFPAX has higher volatility (4.02%) compared to EVSAX (2.94%). In terms of maximum drawdown, EVSAX dropped -53.73% vs WFPAX's -56.20%.

Which has better risk-adjusted returns?

EVSAX currently has the higher Sharpe Ratio (2.54 vs 1.40), 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.