LOTIX vs. WARAX

Last updated Aug 1, 2026

LOTIX (LoCorr Market Trend Fund) and WARAX (Allspring Absolute Return Fund) are both mutual funds - LOTIX is a Systematic Trend fund managed by LoCorr, while WARAX is a Global Allocation fund managed by Allspring. Over the past 10 years, LOTIX returned 4.62%/yr vs 5.06%/yr for WARAX. Their 0.21 correlation means their historical movements had little consistent relationship. LOTIX charges 1.75%/yr vs 0.70%/yr for WARAX.

Performance

LOTIX vs. WARAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Market Trend Fund (LOTIX) and Allspring Absolute Return Fund (WARAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOTIX achieves a 22.79% return, which is significantly higher than WARAX's 12.25% return. Over the past 10 years, LOTIX has underperformed WARAX with an annualized return of 4.62%, while WARAX has yielded a comparatively higher 5.06% annualized return.

LOTIX

• 1D: -0.29%
• 1M: 0.96%
• 6M: 15.12%
• YTD: 22.79%
• 1Y: 39.38%
• 3Y*: 6.23%
• 5Y*: 8.74%
• 10Y*: 4.62%
• ALL TIME*: 5.95%

WARAX

• 1D: 0.41%
• 1M: -0.24%
• 6M: 3.78%
• YTD: 12.25%
• 1Y: 22.25%
• 3Y*: 10.27%
• 5Y*: 6.88%
• 10Y*: 5.06%
• ALL TIME*: 4.24%

*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)
LOTIX LoCorr Market Trend Fund	$0.00	$0.00	$0.00
WARAX Allspring Absolute Return Fund	$0.00	$0.00	$0.00

LOTIX vs. WARAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LOTIX LoCorr Market Trend Fund	22.79%	4.07%	5.74%	-10.95%	29.93%	1.03%	4.81%	18.53%	-13.44%	3.84%
WARAX Allspring Absolute Return Fund	12.25%	8.07%	5.93%	12.53%	-2.75%	2.25%	-3.25%	11.65%	-5.78%	12.11%

Correlation

The correlation between LOTIX and WARAX is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (5Y) Shows whether the relationship held over a longer period.	0.27
Correlation (10Y) Provides a long-term view across more market conditions.	0.26
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.21

Over the past year, LOTIX and WARAX have become more correlated (0.75) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

LOTIX vs. WARAX — Risk / Return Rank

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

LOTIX

LOTIX Risk / Return Rank: 96
LOTIX Sharpe Ratio Rank: 98
LOTIX Sortino Ratio Rank: 95
LOTIX Omega Ratio Rank: 91
LOTIX Calmar Ratio Rank: 98
LOTIX Martin Ratio Rank: 98

WARAX

WARAX Risk / Return Rank: 86
WARAX Sharpe Ratio Rank: 89
WARAX Sortino Ratio Rank: 84
WARAX Omega Ratio Rank: 84
WARAX Calmar Ratio Rank: 91
WARAX Martin Ratio Rank: 82

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.

LOTIX vs. WARAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Market Trend Fund (LOTIX) and Allspring Absolute Return Fund (WARAX). 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.

	LOTIX	WARAX	Difference
Sharpe ratio: Return per unit of total volatility	3.00	2.22	+0.78
Sortino ratio: Return per unit of downside risk	4.03	3.00	+1.03
Omega ratio: Gain probability vs. loss probability	1.51	1.40	+0.11
Calmar ratio: Return relative to maximum drawdown	7.57	3.45	+4.12
Martin ratio: Return relative to average drawdown	21.66	10.08	+11.59

LOTIX vs. WARAX - Sharpe Ratio Comparison

The current LOTIX Sharpe Ratio is 3.00, which is higher than the WARAX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of LOTIX and WARAX, 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

LOTIX vs. WARAX - Drawdown Comparison

The maximum LOTIX drawdown since its inception was -28.32%, which is greater than WARAX's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for LOTIX and WARAX.

Drawdown Indicators

	LOTIX	WARAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.32%	-23.16%	-5.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.85%	-6.17%	+1.32%
Max Drawdown (3Y) Largest decline over 3 years	-20.20%	-6.17%	-14.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	-13.05%	-9.12%
Max Drawdown (10Y) Largest decline over 10 years	-23.96%	-23.16%	-0.80%
Current Drawdown Current decline from peak	-2.85%	-5.79%	+2.94%
Average Drawdown Average peak-to-trough decline	-10.68%	-3.84%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	2.11%	-0.41%

Volatility

LOTIX vs. WARAX - Volatility Comparison

LoCorr Market Trend Fund (LOTIX) and Allspring Absolute Return Fund (WARAX) have volatilities of 3.06% and 3.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOTIX	WARAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	3.02%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	7.80%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	9.57%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.09%	7.91%	+5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.19%	7.99%	+5.20%

LOTIX vs. WARAX - Expense Ratio Comparison

LOTIX has a 1.75% expense ratio, which is higher than WARAX's 0.70% expense ratio.

Dividends

LOTIX vs. WARAX - Dividend Comparison

LOTIX's dividend yield for the trailing twelve months is around 2.13%, more than WARAX's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LOTIX LoCorr Market Trend Fund	2.13%	2.62%	5.66%	2.73%	17.57%	3.62%	0.24%	1.33%	0.00%	0.00%	1.89%	0.93%
WARAX Allspring Absolute Return Fund	1.78%	2.00%	10.90%	2.80%	2.34%	3.23%	3.34%	3.38%	2.66%	1.77%	0.76%	1.35%

Frequently Asked Questions

Can I hold both LOTIX and WARAX in my portfolio?

LOTIX and WARAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOTIX or WARAX?

LOTIX has higher volatility (3.06%) compared to WARAX (3.02%). In terms of maximum drawdown, LOTIX dropped -28.32% vs WARAX's -23.16%.

Which has better risk-adjusted returns?

LOTIX currently has the higher Sharpe Ratio (3.00 vs 2.22), 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.