FLXR vs. AINP

Last updated Aug 2, 2026

FLXR (TCW Flexible Income ETF) and AINP (Allspring Income Plus ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, FLXR returned 4.12% vs 3.52% for AINP. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FLXR charges 0.40%/yr vs 0.36%/yr for AINP.

Performance

FLXR vs. AINP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Flexible Income ETF (FLXR) and Allspring Income Plus ETF (AINP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLXR achieves a 1.30% return, which is significantly higher than AINP's 0.85% return.

FLXR

• 1D: -0.15%
• 1M: -0.36%
• 6M: 0.92%
• YTD: 1.30%
• 1Y: 4.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.72%

AINP

• 1D: -0.18%
• 1M: -0.93%
• 6M: 0.35%
• YTD: 0.85%
• 1Y: 3.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AINP Allspring Income Plus ETF	$155.19K	$151.21K	$205.79K
FLXR TCW Flexible Income ETF	$14.67M	$16.19M	$17.11M

FLXR vs. AINP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLXR TCW Flexible Income ETF	1.30%	8.37%	-0.57%
AINP Allspring Income Plus ETF	0.85%	7.53%	-1.22%

Correlation

The correlation between FLXR and AINP is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.68

The correlation between FLXR and AINP has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

Return for Risk

FLXR vs. AINP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLXR

FLXR Risk / Return Rank: 85
FLXR Sharpe Ratio Rank: 83
FLXR Sortino Ratio Rank: 85
FLXR Omega Ratio Rank: 84
FLXR Calmar Ratio Rank: 83
FLXR Martin Ratio Rank: 87

AINP

AINP Risk / Return Rank: 53
AINP Sharpe Ratio Rank: 53
AINP Sortino Ratio Rank: 56
AINP Omega Ratio Rank: 55
AINP Calmar Ratio Rank: 47
AINP Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLXR vs. AINP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Flexible Income ETF (FLXR) and Allspring Income Plus ETF (AINP). 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.

	FLXR	AINP	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.29	+0.66
Sortino ratio: Return per unit of downside risk	2.84	1.96	+0.88
Omega ratio: Gain probability vs. loss probability	1.36	1.24	+0.12
Calmar ratio: Return relative to maximum drawdown	3.10	1.68	+1.42
Martin ratio: Return relative to average drawdown	12.66	6.49	+6.17

FLXR vs. AINP - Sharpe Ratio Comparison

The current FLXR Sharpe Ratio is 1.95, which is higher than the AINP Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FLXR and AINP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLXR vs. AINP - Drawdown Comparison

The maximum FLXR drawdown since its inception was -1.94%, smaller than the maximum AINP drawdown of -2.61%. Use the drawdown chart below to compare losses from any high point for FLXR and AINP.

Drawdown Indicators

	FLXR	AINP	Difference
Max Drawdown Largest peak-to-trough decline	-1.94%	-2.61%	+0.67%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-2.51%	+1.05%
Current Drawdown Current decline from peak	-0.46%	-1.05%	+0.59%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.46%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.65%	-0.29%

Volatility

FLXR vs. AINP - Volatility Comparison

The current volatility for TCW Flexible Income ETF (FLXR) is 0.67%, while Allspring Income Plus ETF (AINP) has a volatility of 0.83%. This indicates that FLXR experiences smaller price fluctuations and is considered to be less risky than AINP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXR	AINP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.83%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	1.85%	2.58%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	2.33%	3.28%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	3.58%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.79%	3.58%	-0.79%

FLXR vs. AINP - Expense Ratio Comparison

FLXR has a 0.40% expense ratio, which is higher than AINP's 0.36% expense ratio.

Dividends

FLXR vs. AINP - Dividend Comparison

FLXR's dividend yield for the trailing twelve months is around 5.91%, which matches AINP's 5.87% yield.

Position	TTM	2025	2024
AINP Allspring Income Plus ETF	5.87%	5.03%	0.47%
FLXR TCW Flexible Income ETF	5.47%	5.66%	3.44%

Frequently Asked Questions

Can I hold both FLXR and AINP in my portfolio?

FLXR and AINP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLXR or AINP?

AINP has higher volatility (0.83%) compared to FLXR (0.67%). In terms of maximum drawdown, FLXR dropped -1.94% vs AINP's -2.61%.

Which ETF is better, FLXR or AINP?

On 1-year performance, FLXR leads with 4.12% vs 3.52% for AINP. On fees, AINP is cheaper at 0.36% per year. On volatility, FLXR has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLXR or AINP?

Over the 1-year period, FLXR has performed better with a 4.12% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLXR or AINP?

AINP is cheaper with a 0.36% expense ratio, compared with 0.40% for FLXR.

Which ETF pays a higher dividend yield, FLXR or AINP?

AINP has the higher dividend yield at 5.87%, compared with 5.47% for FLXR.

What is the main difference between FLXR and AINP?

They also come from different issuers: TCW and Allspring. Their fees differ too: 0.40% for FLXR and 0.36% for AINP.

Which has better risk-adjusted returns?

FLXR currently has the higher Sharpe Ratio (1.95 vs 1.29), 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.