SENAX vs. WGCFX

Last updated Jun 4, 2026

SENAX (Allspring Discovery Mid Cap Growth Fund) and WGCFX (Allspring Spectrum Growth Fund) are both mutual funds - SENAX is a Mid Cap Growth Equities fund managed by Allspring Global Investments, while WGCFX is a Diversified Portfolio fund managed by Allspring Global Investments. Over the past 5 years, SENAX returned 2.56%/yr vs 7.10%/yr for WGCFX. A 0.79 correlation means they provide meaningful diversification when combined. SENAX charges 1.18%/yr vs 1.50%/yr for WGCFX.

Performance

SENAX vs. WGCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Discovery Mid Cap Growth Fund (SENAX) and Allspring Spectrum Growth Fund (WGCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SENAX achieves a 7.68% return, which is significantly lower than WGCFX's 11.66% return.

SENAX

• 1D: 0.33%
• 1M: 3.48%
• YTD: 7.68%
• 6M: 5.36%
• 1Y: 14.54%
• 3Y*: 16.66%
• 5Y*: 2.56%
• 10Y*: 11.49%

WGCFX

• 1D: 0.27%
• 1M: 4.40%
• YTD: 11.66%
• 6M: 11.79%
• 1Y: 23.59%
• 3Y*: 15.22%
• 5Y*: 7.10%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SENAX vs. WGCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SENAX Allspring Discovery Mid Cap Growth Fund	7.68%	13.41%	19.25%	24.00%	-41.92%	2.58%	57.96%	40.64%	-5.97%	27.65%
WGCFX Allspring Spectrum Growth Fund	11.66%	14.99%	10.56%	13.82%	-17.36%	14.27%	16.60%	20.27%	-8.64%	18.13%

Correlation

The correlation between SENAX and WGCFX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.79

The correlation between SENAX and WGCFX has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

SENAX vs. WGCFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SENAX

SENAX Risk / Return Rank: 11
SENAX Sharpe Ratio Rank: 10
SENAX Sortino Ratio Rank: 11
SENAX Omega Ratio Rank: 10
SENAX Calmar Ratio Rank: 12
SENAX Martin Ratio Rank: 14

WGCFX

WGCFX Risk / Return Rank: 72
WGCFX Sharpe Ratio Rank: 70
WGCFX Sortino Ratio Rank: 66
WGCFX Omega Ratio Rank: 64
WGCFX Calmar Ratio Rank: 86
WGCFX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SENAX vs. WGCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery Mid Cap Growth Fund (SENAX) and Allspring Spectrum Growth Fund (WGCFX). 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.

	SENAX	WGCFX	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.45	-1.62
Sortino ratio: Return per unit of downside risk	1.27	3.39	-2.12
Omega ratio: Gain probability vs. loss probability	1.15	1.44	-0.30
Calmar ratio: Return relative to maximum drawdown	1.16	4.16	-3.00
Martin ratio: Return relative to average drawdown	4.05	14.24	-10.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SENAX vs. WGCFX - Sharpe Ratio Comparison

The current SENAX Sharpe Ratio is 0.83, which is lower than the WGCFX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of SENAX and WGCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SENAX	WGCFX	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	0.09	0.66	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.81	-0.51

Drawdowns

SENAX vs. WGCFX - Drawdown Comparison

The maximum SENAX drawdown since its inception was -58.34%, which is greater than WGCFX's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for SENAX and WGCFX.

Drawdown Indicators

	SENAX	WGCFX	Difference
Max Drawdown Largest peak-to-trough decline	-58.34%	-22.60%	-35.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-5.72%	-7.87%
Max Drawdown (3Y) Largest decline over 3 years	-27.44%	-9.62%	-17.82%
Max Drawdown (5Y) Largest decline over 5 years	-55.14%	-22.60%	-32.54%
Max Drawdown (10Y) Largest decline over 10 years	-55.14%	—	—
Current Drawdown Current decline from peak	-13.12%	0.00%	-13.12%
Average Drawdown Average peak-to-trough decline	-17.71%	-4.89%	-12.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	1.67%	+2.21%

Volatility

SENAX vs. WGCFX - Volatility Comparison

Allspring Discovery Mid Cap Growth Fund (SENAX) has a higher volatility of 5.41% compared to Allspring Spectrum Growth Fund (WGCFX) at 3.42%. This indicates that SENAX's price experiences larger fluctuations and is considered to be riskier than WGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SENAX	WGCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	3.42%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	15.38%	7.21%	+8.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.07%	9.73%	+9.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.79%	10.74%	+18.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.83%	11.45%	+14.38%

SENAX vs. WGCFX - Expense Ratio Comparison

SENAX has a 1.18% expense ratio, which is lower than WGCFX's 1.50% expense ratio.

Dividends

SENAX vs. WGCFX - Dividend Comparison

SENAX's dividend yield for the trailing twelve months is around 11.20%, more than WGCFX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SENAX Allspring Discovery Mid Cap Growth Fund	11.20%	12.06%	10.88%	2.46%	0.00%	17.81%	9.16%	6.59%	15.14%	11.23%	4.58%	8.37%
WGCFX Allspring Spectrum Growth Fund	7.31%	8.17%	6.22%	0.26%	6.87%	13.28%	11.04%	0.60%	18.34%	13.76%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SENAX and WGCFX in my portfolio?

SENAX and WGCFX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SENAX or WGCFX?

SENAX has higher volatility (5.41%) compared to WGCFX (3.42%). In terms of maximum drawdown, SENAX dropped -58.34% vs WGCFX's -22.60%.

Which has better risk-adjusted returns?

WGCFX currently has the higher Sharpe Ratio (2.45 vs 0.83), 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.