MNTRX vs. PDRDX
MNTRX (Allspring Core Bond Fund) and PDRDX (Principal Diversified Real Asset Fund) are both mutual funds - MNTRX is a Intermediate Core Bond fund managed by Allspring, while PDRDX is a Global Allocation fund managed by Principal. Over the past 10 years, MNTRX returned 1.15%/yr vs 6.37%/yr for PDRDX. Their 0.05 correlation means their historical movements had little consistent relationship. MNTRX charges 0.70%/yr vs 0.83%/yr for PDRDX.
Performance
MNTRX vs. PDRDX - Performance Comparison
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Returns By Period
In the year-to-date period, MNTRX achieves a -0.84% return, which is significantly lower than PDRDX's 13.53% return. Over the past 10 years, MNTRX has underperformed PDRDX with an annualized return of 1.15%, while PDRDX has yielded a comparatively higher 6.37% annualized return.
MNTRX
- 1D
- 0.09%
- 1M
- -1.27%
- 6M
- -1.08%
- YTD
- -0.84%
- 1Y
- 1.57%
- 3Y*
- 3.53%
- 5Y*
- -0.71%
- 10Y*
- 1.15%
- ALL TIME*
- 4.02%
PDRDX
- 1D
- 0.73%
- 1M
- 2.99%
- 6M
- 7.22%
- YTD
- 13.53%
- 1Y
- 21.77%
- 3Y*
- 10.30%
- 5Y*
- 6.41%
- 10Y*
- 6.37%
- ALL TIME*
- 5.30%
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 |
MNTRX vs. PDRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | -0.84% | 7.16% | 1.38% | 5.37% | -13.82% | -2.10% | 8.51% | 8.18% | -0.57% | 3.28% |
PDRDX Principal Diversified Real Asset Fund | 13.53% | 14.63% | 3.09% | 3.22% | -6.19% | 17.30% | 3.97% | 15.02% | -7.90% | 10.18% |
Correlation
The correlation between MNTRX and PDRDX 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. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2010 | 0.05 |
Over the past year, MNTRX and PDRDX have become more correlated (0.25) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
MNTRX vs. PDRDX — Risk / Return Rank
MNTRX
PDRDX
MNTRX vs. PDRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Bond Fund (MNTRX) and Principal Diversified Real Asset Fund (PDRDX). 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.
| MNTRX | PDRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 3.59 | -2.80 |
| Martin ratioReturn relative to average drawdown | 1.95 | 11.79 | -9.84 |
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Drawdowns
MNTRX vs. PDRDX - Drawdown Comparison
The maximum MNTRX drawdown since its inception was -19.36%, smaller than the maximum PDRDX drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for MNTRX and PDRDX.
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Drawdown Indicators
| MNTRX | PDRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.36% | -28.55% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -5.88% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -5.21% | -10.94% | +5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.91% | -19.35% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -19.36% | -28.55% | +9.19% |
Current DrawdownCurrent decline from peak | -4.24% | -1.11% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -5.95% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.79% | -0.55% |
Volatility
MNTRX vs. PDRDX - Volatility Comparison
The current volatility for Allspring Core Bond Fund (MNTRX) is 1.01%, while Principal Diversified Real Asset Fund (PDRDX) has a volatility of 2.55%. This indicates that MNTRX experiences smaller price fluctuations and is considered to be less risky than PDRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNTRX | PDRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.55% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 8.05% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 9.64% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 11.01% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 10.80% | -5.83% |
MNTRX vs. PDRDX - Expense Ratio Comparison
MNTRX has a 0.70% expense ratio, which is lower than PDRDX's 0.83% expense ratio.
Dividends
MNTRX vs. PDRDX - Dividend Comparison
MNTRX's dividend yield for the trailing twelve months is around 3.74%, more than PDRDX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | 3.74% | 4.07% | 4.13% | 3.19% | 1.85% | 1.75% | 6.35% | 2.46% | 2.33% | 1.74% | 1.97% | 1.45% |
PDRDX Principal Diversified Real Asset Fund | 3.64% | 4.19% | 2.43% | 2.52% | 12.88% | 6.56% | 0.52% | 2.36% | 3.47% | 2.21% | 2.61% | 0.99% |
Frequently Asked Questions
MNTRX and PDRDX 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.
PDRDX has higher volatility (2.55%) compared to MNTRX (1.01%). In terms of maximum drawdown, MNTRX dropped -19.36% vs PDRDX's -28.55%.
PDRDX currently has the higher Sharpe Ratio (2.20 vs 0.62), 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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