MZLSX vs. WSINX
MZLSX (Muzinich Low Duration Fund) and WSINX (Allspring Income Plus Fund) are both Multisector Bonds funds. Over the past 10 years, MZLSX returned 3.69%/yr vs 3.90%/yr for WSINX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. MZLSX charges 0.50%/yr vs 0.60%/yr for WSINX.
Performance
MZLSX vs. WSINX - Performance Comparison
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Returns By Period
In the year-to-date period, MZLSX achieves a 1.63% return, which is significantly higher than WSINX's 0.26% return. Over the past 10 years, MZLSX has underperformed WSINX with an annualized return of 3.69%, while WSINX has yielded a comparatively higher 3.90% annualized return.
MZLSX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 1.21%
- YTD
- 1.63%
- 1Y
- 3.96%
- 3Y*
- 6.11%
- 5Y*
- 3.69%
- 10Y*
- 3.69%
- ALL TIME*
- 3.69%
WSINX
- 1D
- 0.23%
- 1M
- -1.13%
- 6M
- -0.38%
- YTD
- 0.26%
- 1Y
- 2.88%
- 3Y*
- 5.84%
- 5Y*
- 2.31%
- 10Y*
- 3.90%
- ALL TIME*
- 3.01%
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 |
MZLSX vs. WSINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MZLSX Muzinich Low Duration Fund | 1.63% | 6.38% | 6.30% | 7.63% | -3.41% | 2.50% | 2.64% | 7.86% | 0.80% | 4.26% |
WSINX Allspring Income Plus Fund | 0.26% | 6.61% | 5.43% | 9.40% | -9.25% | 3.08% | 8.14% | 8.65% | -0.66% | 6.84% |
Correlation
The correlation between MZLSX and WSINX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016 | 0.56 |
The correlation between MZLSX and WSINX has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
MZLSX vs. WSINX — Risk / Return Rank
MZLSX
WSINX
MZLSX vs. WSINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muzinich Low Duration Fund (MZLSX) and Allspring Income Plus Fund (WSINX). 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.
| MZLSX | WSINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.23 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.22 | +1.48 |
| Martin ratioReturn relative to average drawdown | 12.05 | 4.58 | +7.47 |
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Drawdowns
MZLSX vs. WSINX - Drawdown Comparison
The maximum MZLSX drawdown since its inception was -12.66%, roughly equal to the maximum WSINX drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for MZLSX and WSINX.
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Drawdown Indicators
| MZLSX | WSINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.66% | -13.31% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -2.75% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -1.50% | -3.24% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -6.09% | -13.04% | +6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -12.66% | -13.31% | +0.65% |
Current DrawdownCurrent decline from peak | -0.21% | -1.24% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -1.98% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.73% | -0.39% |
Volatility
MZLSX vs. WSINX - Volatility Comparison
The current volatility for Muzinich Low Duration Fund (MZLSX) is 0.36%, while Allspring Income Plus Fund (WSINX) has a volatility of 0.85%. This indicates that MZLSX experiences smaller price fluctuations and is considered to be less risky than WSINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MZLSX | WSINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.85% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 2.30% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 2.71% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 3.81% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.12% | 3.54% | -1.42% |
MZLSX vs. WSINX - Expense Ratio Comparison
MZLSX has a 0.50% expense ratio, which is lower than WSINX's 0.60% expense ratio.
Dividends
MZLSX vs. WSINX - Dividend Comparison
MZLSX's dividend yield for the trailing twelve months is around 7.14%, more than WSINX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MZLSX Muzinich Low Duration Fund | 7.14% | 7.03% | 4.77% | 4.88% | 3.85% | 6.36% | 2.08% | 2.24% | 8.62% | 1.86% | 0.79% | 0.00% |
WSINX Allspring Income Plus Fund | 4.51% | 4.91% | 5.43% | 5.59% | 3.76% | 6.55% | 3.12% | 3.56% | 3.83% | 2.88% | 2.87% | 1.97% |
Frequently Asked Questions
MZLSX and WSINX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSINX has higher volatility (0.85%) compared to MZLSX (0.36%). In terms of maximum drawdown, MZLSX dropped -12.66% vs WSINX's -13.31%.
MZLSX currently has the higher Sharpe Ratio (2.56 vs 1.24), 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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