SADIX vs. WRPIX
SADIX (Allspring Ultra Short-Term Income Fund) and WRPIX (Allspring Alternative Risk Premia Fund) are both mutual funds - SADIX is a Ultrashort Bond fund managed by Allspring, while WRPIX is a Multistrategy fund managed by Allspring. Over the past 5 years, SADIX returned 3.77%/yr vs 7.29%/yr for WRPIX. Their -0.09 correlation means they have often moved in opposite directions in the past. SADIX charges 0.26%/yr vs 0.72%/yr for WRPIX.
Performance
SADIX vs. WRPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SADIX achieves a 1.74% return, which is significantly lower than WRPIX's 10.43% return.
SADIX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 1.27%
- YTD
- 1.74%
- 1Y
- 3.86%
- 3Y*
- 5.39%
- 5Y*
- 3.77%
- 10Y*
- 2.91%
- ALL TIME*
- 2.69%
WRPIX
- 1D
- -0.55%
- 1M
- 3.33%
- 6M
- 5.63%
- YTD
- 10.43%
- 1Y
- 20.12%
- 3Y*
- 8.42%
- 5Y*
- 7.29%
- 10Y*
- —
- ALL TIME*
- 2.85%
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 |
SADIX vs. WRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SADIX Allspring Ultra Short-Term Income Fund | 1.74% | 5.28% | 6.34% | 6.27% | -0.56% | 0.22% | 2.73% | 3.12% |
WRPIX Allspring Alternative Risk Premia Fund | 10.43% | 5.37% | 11.23% | -0.06% | 10.44% | 6.84% | -16.77% | -2.86% |
Correlation
The correlation between SADIX and WRPIX is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | -0.09 |
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Return for Risk
SADIX vs. WRPIX — Risk / Return Rank
SADIX
WRPIX
SADIX vs. WRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short-Term Income Fund (SADIX) and Allspring Alternative Risk Premia Fund (WRPIX). 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.
| SADIX | WRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 2.58 | 1.56 | +1.02 |
| Calmar ratioReturn relative to maximum drawdown | 11.82 | 5.26 | +6.56 |
| Martin ratioReturn relative to average drawdown | 41.86 | 18.24 | +23.62 |
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Drawdowns
SADIX vs. WRPIX - Drawdown Comparison
The maximum SADIX drawdown since its inception was -7.34%, smaller than the maximum WRPIX drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for SADIX and WRPIX.
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Drawdown Indicators
| SADIX | WRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.34% | -21.67% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -3.76% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.57% | -8.72% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -8.72% | +6.56% |
Max Drawdown (10Y)Largest decline over 10 years | -4.67% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.10% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -7.21% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 1.08% | -0.98% |
Volatility
SADIX vs. WRPIX - Volatility Comparison
The current volatility for Allspring Ultra Short-Term Income Fund (SADIX) is 0.28%, while Allspring Alternative Risk Premia Fund (WRPIX) has a volatility of 2.20%. This indicates that SADIX experiences smaller price fluctuations and is considered to be less risky than WRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SADIX | WRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 2.20% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 5.25% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 6.94% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 7.17% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.34% | 7.08% | -5.74% |
SADIX vs. WRPIX - Expense Ratio Comparison
SADIX has a 0.26% expense ratio, which is lower than WRPIX's 0.72% expense ratio.
Dividends
SADIX vs. WRPIX - Dividend Comparison
SADIX's dividend yield for the trailing twelve months is around 3.91%, less than WRPIX's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SADIX Allspring Ultra Short-Term Income Fund | 3.91% | 4.45% | 4.39% | 2.99% | 1.44% | 0.80% | 1.85% | 2.44% | 2.03% | 1.49% | 1.36% | 1.11% |
WRPIX Allspring Alternative Risk Premia Fund | 6.49% | 7.16% | 3.25% | 4.66% | 15.23% | 0.00% | 0.00% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SADIX and WRPIX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRPIX has higher volatility (2.20%) compared to SADIX (0.28%). In terms of maximum drawdown, SADIX dropped -7.34% vs WRPIX's -21.67%.
SADIX currently has the higher Sharpe Ratio (2.86 vs 2.85), 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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