EVSAX vs. WFTAX

Last updated Jun 6, 2026

EVSAX (Allspring Disciplined U.S. Core Fund) and WFTAX (Allspring Intermediate Tax/AMT-Free Fund) are both mutual funds - EVSAX is a Large Cap Blend Equities fund managed by Allspring Global Investments, while WFTAX is a Municipal Bonds fund managed by Allspring Global Investments. Over the past 10 years, EVSAX returned 15.42%/yr vs 1.75%/yr for WFTAX. At a correlation of -0.11, they often move in opposite directions. EVSAX charges 0.86%/yr vs 0.70%/yr for WFTAX.

Performance

EVSAX vs. WFTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Disciplined U.S. Core Fund (EVSAX) and Allspring Intermediate Tax/AMT-Free Fund (WFTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVSAX achieves a 11.76% return, which is significantly higher than WFTAX's 1.26% return. Over the past 10 years, EVSAX has outperformed WFTAX with an annualized return of 15.42%, while WFTAX has yielded a comparatively lower 1.75% annualized return.

EVSAX

• 1D: 0.28%
• 1M: 3.20%
• YTD: 11.76%
• 6M: 11.49%
• 1Y: 30.01%
• 3Y*: 24.33%
• 5Y*: 14.94%
• 10Y*: 15.42%

WFTAX

• 1D: 0.09%
• 1M: 0.43%
• YTD: 1.26%
• 6M: 1.70%
• 1Y: 5.60%
• 3Y*: 3.40%
• 5Y*: 0.90%
• 10Y*: 1.75%

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

EVSAX vs. WFTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVSAX Allspring Disciplined U.S. Core Fund	11.76%	18.65%	29.20%	25.97%	-18.21%	30.35%	15.95%	31.87%	-8.43%	20.47%
WFTAX Allspring Intermediate Tax/AMT-Free Fund	1.26%	4.01%	1.76%	4.25%	-6.63%	1.03%	3.91%	6.15%	0.91%	4.41%

Correlation

The correlation between EVSAX and WFTAX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Aug 1, 2007	-0.11

The correlation between EVSAX and WFTAX shifts across timeframes, from -0.11 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EVSAX vs. WFTAX — Risk / Return Rank

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

EVSAX

EVSAX Risk / Return Rank: 74
EVSAX Sharpe Ratio Rank: 74
EVSAX Sortino Ratio Rank: 68
EVSAX Omega Ratio Rank: 64
EVSAX Calmar Ratio Rank: 79
EVSAX Martin Ratio Rank: 86

WFTAX

WFTAX Risk / Return Rank: 70
WFTAX Sharpe Ratio Rank: 87
WFTAX Sortino Ratio Rank: 89
WFTAX Omega Ratio Rank: 95
WFTAX Calmar Ratio Rank: 41
WFTAX Martin Ratio Rank: 38

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. WFTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Disciplined U.S. Core Fund (EVSAX) and Allspring Intermediate Tax/AMT-Free Fund (WFTAX). 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	WFTAX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.78	-0.35
Sortino ratio: Return per unit of downside risk	3.33	4.29	-0.96
Omega ratio: Gain probability vs. loss probability	1.43	1.78	-0.35
Calmar ratio: Return relative to maximum drawdown	3.43	2.36	+1.07
Martin ratio: Return relative to average drawdown	15.78	8.09	+7.69
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. WFTAX - Sharpe Ratio Comparison

The current EVSAX Sharpe Ratio is 2.43, which is comparable to the WFTAX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of EVSAX and WFTAX, 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	WFTAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.78	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.31	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.57	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.01	-0.52

Drawdowns

EVSAX vs. WFTAX - Drawdown Comparison

The maximum EVSAX drawdown since its inception was -53.73%, which is greater than WFTAX's maximum drawdown of -10.52%. Use the drawdown chart below to compare losses from any high point for EVSAX and WFTAX.

Drawdown Indicators

	EVSAX	WFTAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.73%	-10.52%	-43.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-2.43%	-6.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-3.97%	-15.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	-10.52%	-17.20%
Max Drawdown (10Y) Largest decline over 10 years	-33.03%	-10.52%	-22.51%
Current Drawdown Current decline from peak	-0.38%	-0.51%	+0.13%
Average Drawdown Average peak-to-trough decline	-9.74%	-1.77%	-7.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	0.71%	+1.17%

Volatility

EVSAX vs. WFTAX - Volatility Comparison

Allspring Disciplined U.S. Core Fund (EVSAX) has a higher volatility of 2.97% compared to Allspring Intermediate Tax/AMT-Free Fund (WFTAX) at 0.88%. This indicates that EVSAX's price experiences larger fluctuations and is considered to be riskier than WFTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVSAX	WFTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	0.88%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	1.65%	+7.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	2.07%	+10.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	2.90%	+14.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	3.09%	+15.29%

EVSAX vs. WFTAX - Expense Ratio Comparison

EVSAX has a 0.86% expense ratio, which is higher than WFTAX's 0.70% expense ratio.

Dividends

EVSAX vs. WFTAX - Dividend Comparison

EVSAX's dividend yield for the trailing twelve months is around 4.96%, more than WFTAX's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVSAX Allspring Disciplined U.S. Core Fund	4.96%	5.54%	6.61%	9.22%	14.46%	8.22%	9.22%	6.68%	7.11%	4.31%	2.43%	11.99%
WFTAX Allspring Intermediate Tax/AMT-Free Fund	2.94%	2.89%	2.85%	2.28%	2.30%	1.96%	2.11%	2.48%	2.47%	2.37%	2.37%	2.00%

Frequently Asked Questions

Can I hold both EVSAX and WFTAX in my portfolio?

EVSAX and WFTAX have a correlation of 0.13, 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 WFTAX?

EVSAX has higher volatility (2.97%) compared to WFTAX (0.88%). In terms of maximum drawdown, EVSAX dropped -53.73% vs WFTAX's -10.52%.

Which has better risk-adjusted returns?

WFTAX currently has the higher Sharpe Ratio (2.78 vs 2.43), 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.