SENAX vs. WSSCX

Last updated Aug 1, 2026

SENAX (Allspring Discovery Mid Cap Growth Fund) and WSSCX (Allspring Short-Term Municipal Bond Fund) are both mutual funds - SENAX is a Mid Cap Growth Equities fund managed by Allspring, while WSSCX is a Municipal Bonds fund managed by Allspring. Over the past 10 years, SENAX returned 10.75%/yr vs 0.67%/yr for WSSCX. Their 0.03 correlation means their historical movements had little consistent relationship. SENAX charges 1.18%/yr vs 1.38%/yr for WSSCX.

Performance

SENAX vs. WSSCX - Performance Comparison

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

Returns By Period

In the year-to-date period, SENAX achieves a 4.63% return, which is significantly higher than WSSCX's 0.34% return. Over the past 10 years, SENAX has outperformed WSSCX with an annualized return of 10.75%, while WSSCX has yielded a comparatively lower 0.67% annualized return.

SENAX

• 1D: 2.98%
• 1M: -4.22%
• 6M: 6.27%
• YTD: 4.63%
• 1Y: 6.22%
• 3Y*: 13.28%
• 5Y*: -0.73%
• 10Y*: 10.75%
• ALL TIME*: 7.24%

WSSCX

• 1D: -0.10%
• 1M: -0.51%
• 6M: -0.09%
• YTD: 0.34%
• 1Y: 1.46%
• 3Y*: 2.32%
• 5Y*: 0.72%
• 10Y*: 0.67%
• ALL TIME*: 1.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SENAX Allspring Discovery Mid Cap Growth Fund	$0.00	$0.00	$0.00
WSSCX Allspring Short-Term Municipal Bond Fund	$0.00	$0.00	$0.00

SENAX vs. WSSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SENAX Allspring Discovery Mid Cap Growth Fund	4.63%	13.41%	19.25%	24.00%	-41.92%	2.58%	57.96%	40.64%	-5.97%	28.54%
WSSCX Allspring Short-Term Municipal Bond Fund	0.34%	2.95%	2.07%	2.73%	-3.62%	-0.63%	1.06%	1.97%	0.67%	0.95%

Correlation

The correlation between SENAX and WSSCX is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (5Y) Shows whether the relationship held over a longer period.	0.13
Correlation (10Y) Provides a long-term view across more market conditions.	0.10
Correlation (All Time) Calculated using the full available price history since Jan 31, 2003	0.03

The correlation between SENAX and WSSCX shifts across timeframes, from 0.03 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SENAX vs. WSSCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SENAX

SENAX Risk / Return Rank: 8
SENAX Sharpe Ratio Rank: 7
SENAX Sortino Ratio Rank: 8
SENAX Omega Ratio Rank: 7
SENAX Calmar Ratio Rank: 8
SENAX Martin Ratio Rank: 9

WSSCX

WSSCX Risk / Return Rank: 55
WSSCX Sharpe Ratio Rank: 57
WSSCX Sortino Ratio Rank: 64
WSSCX Omega Ratio Rank: 83
WSSCX Calmar Ratio Rank: 37
WSSCX Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SENAX vs. WSSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery Mid Cap Growth Fund (SENAX) and Allspring Short-Term Municipal Bond Fund (WSSCX). 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.

	SENAX	WSSCX	Difference
Sharpe ratio: Return per unit of total volatility	0.21	1.51	-1.30
Sortino ratio: Return per unit of downside risk	0.45	2.30	-1.85
Omega ratio: Gain probability vs. loss probability	1.05	1.41	-0.36
Calmar ratio: Return relative to maximum drawdown	0.31	1.65	-1.33
Martin ratio: Return relative to average drawdown	1.03	5.01	-3.99

SENAX vs. WSSCX - Sharpe Ratio Comparison

The current SENAX Sharpe Ratio is 0.21, which is lower than the WSSCX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of SENAX and WSSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SENAX vs. WSSCX - Drawdown Comparison

The maximum SENAX drawdown since its inception was -58.34%, which is greater than WSSCX's maximum drawdown of -6.08%. Use the drawdown chart below to compare losses from any high point for SENAX and WSSCX.

Drawdown Indicators

	SENAX	WSSCX	Difference
Max Drawdown Largest peak-to-trough decline	-58.34%	-6.08%	-52.26%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-1.02%	-12.57%
Max Drawdown (3Y) Largest decline over 3 years	-27.44%	-1.65%	-25.79%
Max Drawdown (5Y) Largest decline over 5 years	-55.14%	-5.85%	-49.29%
Max Drawdown (10Y) Largest decline over 10 years	-55.14%	-6.08%	-49.06%
Current Drawdown Current decline from peak	-15.58%	-0.55%	-15.03%
Average Drawdown Average peak-to-trough decline	-17.68%	-0.72%	-16.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	0.33%	+3.81%

Volatility

SENAX vs. WSSCX - Volatility Comparison

Allspring Discovery Mid Cap Growth Fund (SENAX) has a higher volatility of 6.07% compared to Allspring Short-Term Municipal Bond Fund (WSSCX) at 0.33%. This indicates that SENAX's price experiences larger fluctuations and is considered to be riskier than WSSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SENAX	WSSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	0.33%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	16.99%	0.89%	+16.10%
Volatility (1Y) Calculated over the trailing 1-year period	20.46%	1.12%	+19.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.94%	1.47%	+27.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	1.38%	+24.53%

SENAX vs. WSSCX - Expense Ratio Comparison

SENAX has a 1.18% expense ratio, which is lower than WSSCX's 1.38% expense ratio.

Dividends

SENAX vs. WSSCX - Dividend Comparison

SENAX's dividend yield for the trailing twelve months is around 11.53%, more than WSSCX's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SENAX Allspring Discovery Mid Cap Growth Fund	11.53%	12.06%	10.88%	2.46%	0.00%	17.81%	9.16%	6.59%	15.14%	11.23%	4.58%	8.37%
WSSCX Allspring Short-Term Municipal Bond Fund	1.56%	1.66%	1.62%	1.21%	0.55%	0.28%	0.55%	0.94%	0.77%	0.53%	0.42%	0.29%

Frequently Asked Questions

Can I hold both SENAX and WSSCX in my portfolio?

SENAX and WSSCX have a correlation of 0.20, 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 WSSCX?

SENAX has higher volatility (6.07%) compared to WSSCX (0.33%). In terms of maximum drawdown, SENAX dropped -58.34% vs WSSCX's -6.08%.

Which has better risk-adjusted returns?

WSSCX currently has the higher Sharpe Ratio (1.50 vs 0.21), 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.