MQIFX vs. WARAX
Compare and contrast key facts about Franklin Mutual Quest Fund (MQIFX) and Allspring Absolute Return Fund (WARAX).
MQIFX is managed by Franklin Templeton. It was launched on Sep 25, 1980. WARAX is managed by Allspring Global Investments. It was launched on Feb 29, 2012.
Performance
MQIFX vs. WARAX - Performance Comparison
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MQIFX vs. WARAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MQIFX Franklin Mutual Quest Fund | -0.94% | 17.66% | 8.84% | 10.46% | -6.85% | 11.50% | -1.84% | 12.40% | -7.33% | 6.99% |
WARAX Allspring Absolute Return Fund | 14.79% | 8.07% | 5.93% | 12.53% | -2.75% | 2.25% | -3.25% | 11.65% | -5.78% | 12.11% |
Returns By Period
In the year-to-date period, MQIFX achieves a -0.94% return, which is significantly lower than WARAX's 14.79% return. Both investments have delivered pretty close results over the past 10 years, with MQIFX having a 5.46% annualized return and WARAX not far ahead at 5.60%.
MQIFX
- 1D
- -0.06%
- 1M
- -7.69%
- YTD
- -0.94%
- 6M
- 2.33%
- 1Y
- 10.18%
- 3Y*
- 12.19%
- 5Y*
- 6.53%
- 10Y*
- 5.46%
WARAX
- 1D
- 0.48%
- 1M
- 1.12%
- YTD
- 14.79%
- 6M
- 17.82%
- 1Y
- 21.60%
- 3Y*
- 13.03%
- 5Y*
- 7.02%
- 10Y*
- 5.60%
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MQIFX vs. WARAX - Expense Ratio Comparison
MQIFX has a 0.78% expense ratio, which is higher than WARAX's 0.70% expense ratio.
Return for Risk
MQIFX vs. WARAX — Risk / Return Rank
MQIFX
WARAX
MQIFX vs. WARAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Quest Fund (MQIFX) 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.
| MQIFX | WARAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 2.45 | -1.62 |
Sortino ratioReturn per unit of downside risk | 1.18 | 3.28 | -2.09 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.45 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 4.34 | -3.42 |
Martin ratioReturn relative to average drawdown | 3.50 | 10.20 | -6.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MQIFX | WARAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.45 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.93 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.71 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.59 | +0.24 |
Correlation
The correlation between MQIFX and WARAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MQIFX vs. WARAX - Dividend Comparison
MQIFX's dividend yield for the trailing twelve months is around 4.22%, more than WARAX's 1.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MQIFX Franklin Mutual Quest Fund | 4.22% | 4.18% | 5.10% | 4.60% | 3.80% | 2.59% | 3.66% | 3.52% | 13.76% | 4.53% | 1.24% | 5.75% |
WARAX Allspring Absolute Return Fund | 1.74% | 2.00% | 10.90% | 2.80% | 2.34% | 3.23% | 3.34% | 3.38% | 2.66% | 1.77% | 0.76% | 1.35% |
Drawdowns
MQIFX vs. WARAX - Drawdown Comparison
The maximum MQIFX drawdown since its inception was -34.60%, which is greater than WARAX's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for MQIFX and WARAX.
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Drawdown Indicators
| MQIFX | WARAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -23.16% | -11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -5.06% | -5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -14.64% | -5.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.59% | -23.16% | -7.43% |
Current DrawdownCurrent decline from peak | -8.12% | -0.24% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.88% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.15% | +0.55% |
Volatility
MQIFX vs. WARAX - Volatility Comparison
Franklin Mutual Quest Fund (MQIFX) has a higher volatility of 4.27% compared to Allspring Absolute Return Fund (WARAX) at 3.66%. This indicates that MQIFX's price experiences larger fluctuations and is considered to be riskier than WARAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MQIFX | WARAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 3.66% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 7.21% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 8.83% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 7.60% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 7.91% | +3.98% |