MNTRX vs. ACWX
MNTRX (Allspring Core Bond Fund) and ACWX (iShares MSCI ACWI ex U.S. ETF) are both funds - MNTRX is a Intermediate Core Bond fund managed by Allspring Global Investments, while ACWX is a Foreign Large Cap Equities fund tracking the MSCI All Country World ex-U.S. Index. Over the past 10 years, MNTRX returned 1.43%/yr vs 9.57%/yr for ACWX. At a correlation of -0.08, they often move in opposite directions. MNTRX charges 0.70%/yr vs 0.32%/yr for ACWX.
Performance
MNTRX vs. ACWX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MNTRX achieves a 0.29% return, which is significantly lower than ACWX's 14.30% return. Over the past 10 years, MNTRX has underperformed ACWX with an annualized return of 1.43%, while ACWX has yielded a comparatively higher 9.57% annualized return.
MNTRX
- 1D
- 0.00%
- 1M
- 0.52%
- YTD
- 0.29%
- 6M
- 0.18%
- 1Y
- 5.25%
- 3Y*
- 3.88%
- 5Y*
- -0.10%
- 10Y*
- 1.43%
ACWX
- 1D
- -1.06%
- 1M
- 5.24%
- YTD
- 14.30%
- 6M
- 17.01%
- 1Y
- 32.04%
- 3Y*
- 19.35%
- 5Y*
- 8.36%
- 10Y*
- 9.57%
MNTRX vs. ACWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | 0.29% | 7.16% | 1.38% | 5.37% | -13.82% | -2.10% | 8.51% | 8.18% | -0.57% | 3.28% |
ACWX iShares MSCI ACWI ex U.S. ETF | 14.30% | 32.59% | 5.17% | 15.63% | -16.07% | 7.67% | 10.29% | 21.05% | -13.99% | 27.20% |
Correlation
The correlation between MNTRX and ACWX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | -0.08 |
The correlation between MNTRX and ACWX shifts across timeframes, from -0.08 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MNTRX vs. ACWX — Risk / Return Rank
MNTRX
ACWX
MNTRX vs. ACWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Bond Fund (MNTRX) and iShares MSCI ACWI ex U.S. ETF (ACWX). 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.
| MNTRX | ACWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.82 | -1.10 |
| Martin ratioReturn relative to average drawdown | 5.28 | 10.96 | -5.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MNTRX | ACWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.08 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.52 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.55 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.23 | +0.69 |
Drawdowns
MNTRX vs. ACWX - Drawdown Comparison
The maximum MNTRX drawdown since its inception was -19.36%, smaller than the maximum ACWX drawdown of -60.40%. Use the drawdown chart below to compare losses from any high point for MNTRX and ACWX.
Loading charts...
Drawdown Indicators
| MNTRX | ACWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.36% | -60.40% | +41.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -11.42% | +8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -13.84% | +7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -18.91% | -30.07% | +11.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.36% | -35.38% | +16.02% |
Current DrawdownCurrent decline from peak | -3.14% | -1.06% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -13.34% | +10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.93% | -1.93% |
Volatility
MNTRX vs. ACWX - Volatility Comparison
The current volatility for Allspring Core Bond Fund (MNTRX) is 1.38%, while iShares MSCI ACWI ex U.S. ETF (ACWX) has a volatility of 5.74%. This indicates that MNTRX experiences smaller price fluctuations and is considered to be less risky than ACWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MNTRX | ACWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 5.74% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 13.26% | -10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 15.51% | -11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 16.29% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 17.38% | -12.42% |
MNTRX vs. ACWX - Expense Ratio Comparison
MNTRX has a 0.70% expense ratio, which is higher than ACWX's 0.32% expense ratio.
Dividends
MNTRX vs. ACWX - Dividend Comparison
MNTRX's dividend yield for the trailing twelve months is around 4.06%, more than ACWX's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.47% | 2.82% | 2.97% | 2.96% | 2.68% | 2.74% | 1.88% | 3.22% | 2.60% | 2.40% | 2.77% | 2.51% |
MNTRX Allspring Core Bond Fund | 4.06% | 4.07% | 4.13% | 3.19% | 1.85% | 1.75% | 6.35% | 2.46% | 2.33% | 1.74% | 1.97% | 1.45% |
Frequently Asked Questions
MNTRX and ACWX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWX has higher volatility (5.74%) compared to MNTRX (1.38%). In terms of maximum drawdown, MNTRX dropped -19.36% vs ACWX's -60.40%.
ACWX currently has the higher Sharpe Ratio (2.08 vs 1.33), 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.
Find the right allocation for MNTRX and ACWX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer