IPBAX vs. TLDTX
IPBAX (Allspring Real Return Fund) and TLDTX (T. Rowe Price U.S. Limited Duration TIPS Index Fund) are both Inflation-Protected Bonds funds. Over the past 5 years, IPBAX returned 4.57%/yr vs 1.52%/yr for TLDTX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. IPBAX charges 0.78%/yr vs 0.21%/yr for TLDTX.
Performance
IPBAX vs. TLDTX - Performance Comparison
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Returns By Period
In the year-to-date period, IPBAX achieves a 8.62% return, which is significantly higher than TLDTX's 1.26% return.
IPBAX
- 1D
- 0.74%
- 1M
- -2.07%
- 6M
- 2.02%
- YTD
- 8.62%
- 1Y
- 15.74%
- 3Y*
- 9.84%
- 5Y*
- 4.57%
- 10Y*
- 4.29%
- ALL TIME*
- 4.10%
TLDTX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 0.69%
- YTD
- 1.26%
- 1Y
- 2.39%
- 3Y*
- 3.68%
- 5Y*
- 1.52%
- 10Y*
- —
- ALL TIME*
- 2.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IPBAX vs. TLDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IPBAX Allspring Real Return Fund | 8.62% | 10.37% | 8.12% | 5.35% | -10.75% | 7.74% | 1.57% |
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 1.26% | 6.32% | 1.16% | 3.23% | -4.84% | 5.08% | 1.50% |
Correlation
The correlation between IPBAX and TLDTX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2020 | 0.56 |
Over the past year, the correlation between IPBAX and TLDTX has dropped to 0.25 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IPBAX vs. TLDTX — Risk / Return Rank
IPBAX
TLDTX
IPBAX vs. TLDTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Real Return Fund (IPBAX) and T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX). 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.
| IPBAX | TLDTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.83 | +1.45 |
| Martin ratioReturn relative to average drawdown | 8.07 | 1.49 | +6.57 |
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Drawdowns
IPBAX vs. TLDTX - Drawdown Comparison
The maximum IPBAX drawdown since its inception was -15.13%, which is greater than TLDTX's maximum drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for IPBAX and TLDTX.
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Drawdown Indicators
| IPBAX | TLDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -7.24% | -7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -3.28% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -6.49% | -4.50% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.94% | -7.24% | -6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -13.94% | — | — |
Current DrawdownCurrent decline from peak | -5.80% | -1.71% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -2.26% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.82% | +0.01% |
Volatility
IPBAX vs. TLDTX - Volatility Comparison
Allspring Real Return Fund (IPBAX) has a higher volatility of 3.05% compared to T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) at 0.48%. This indicates that IPBAX's price experiences larger fluctuations and is considered to be riskier than TLDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPBAX | TLDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 0.48% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 1.55% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 4.78% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 4.65% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 4.43% | +1.73% |
IPBAX vs. TLDTX - Expense Ratio Comparison
IPBAX has a 0.78% expense ratio, which is higher than TLDTX's 0.21% expense ratio.
Dividends
IPBAX vs. TLDTX - Dividend Comparison
IPBAX's dividend yield for the trailing twelve months is around 12.01%, more than TLDTX's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPBAX Allspring Real Return Fund | 12.01% | 2.58% | 2.26% | 3.71% | 5.07% | 3.84% | 1.26% | 2.12% | 2.57% | 1.96% | 1.77% | 2.13% |
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 4.22% | 4.66% | 1.63% | 4.09% | 6.45% | 4.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IPBAX and TLDTX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPBAX has higher volatility (3.05%) compared to TLDTX (0.48%). In terms of maximum drawdown, IPBAX dropped -15.13% vs TLDTX's -7.24%.
IPBAX currently has the higher Sharpe Ratio (1.65 vs 0.57), 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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