SFCIX vs. WFMIX
SFCIX (Allspring California Limited-Term Tax-Free Fund) and WFMIX (Allspring Special Mid Cap Value Fund Class I) are both mutual funds - SFCIX is a Municipal Bonds fund managed by Allspring, while WFMIX is a Mid Cap Value Equities fund managed by Allspring. Over the past 10 years, SFCIX returned 1.34%/yr vs 10.80%/yr for WFMIX. Their -0.05 correlation means they have often moved in opposite directions in the past. Both charge a 0.80% expense ratio.
Performance
SFCIX vs. WFMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SFCIX achieves a 0.24% return, which is significantly lower than WFMIX's 13.27% return. Over the past 10 years, SFCIX has underperformed WFMIX with an annualized return of 1.34%, while WFMIX has yielded a comparatively higher 10.80% annualized return.
SFCIX
- 1D
- -0.10%
- 1M
- -0.78%
- 6M
- -0.42%
- YTD
- 0.24%
- 1Y
- 2.16%
- 3Y*
- 3.80%
- 5Y*
- 1.40%
- 10Y*
- 1.34%
- ALL TIME*
- 2.92%
WFMIX
- 1D
- 0.02%
- 1M
- 0.17%
- 6M
- 7.16%
- YTD
- 13.27%
- 1Y
- 17.44%
- 3Y*
- 10.75%
- 5Y*
- 8.74%
- 10Y*
- 10.80%
- ALL TIME*
- 9.25%
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 |
SFCIX vs. WFMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFCIX Allspring California Limited-Term Tax-Free Fund | 0.24% | 6.45% | 2.36% | 3.90% | -4.93% | -0.01% | 1.93% | 3.72% | 0.60% | 2.08% |
WFMIX Allspring Special Mid Cap Value Fund Class I | 13.27% | 6.14% | 11.95% | 9.54% | -4.65% | 28.53% | 3.27% | 40.27% | -13.12% | 11.16% |
Correlation
The correlation between SFCIX and WFMIX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2005 | -0.05 |
The correlation between SFCIX and WFMIX shifts across timeframes, from -0.05 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SFCIX vs. WFMIX — Risk / Return Rank
SFCIX
WFMIX
SFCIX vs. WFMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring California Limited-Term Tax-Free Fund (SFCIX) and Allspring Special Mid Cap Value Fund Class I (WFMIX). 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.
| SFCIX | WFMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.19 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.58 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.98 | 5.26 | -1.27 |
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Drawdowns
SFCIX vs. WFMIX - Drawdown Comparison
The maximum SFCIX drawdown since its inception was -7.89%, smaller than the maximum WFMIX drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for SFCIX and WFMIX.
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Drawdown Indicators
| SFCIX | WFMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.89% | -52.70% | +44.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -9.66% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -2.25% | -18.30% | +16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -7.89% | -22.13% | +14.24% |
Max Drawdown (10Y)Largest decline over 10 years | -7.89% | -43.80% | +35.91% |
Current DrawdownCurrent decline from peak | -1.18% | -1.19% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -7.44% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 2.91% | -2.29% |
Volatility
SFCIX vs. WFMIX - Volatility Comparison
The current volatility for Allspring California Limited-Term Tax-Free Fund (SFCIX) is 0.48%, while Allspring Special Mid Cap Value Fund Class I (WFMIX) has a volatility of 3.21%. This indicates that SFCIX experiences smaller price fluctuations and is considered to be less risky than WFMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFCIX | WFMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 3.21% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 10.57% | -9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 14.10% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 17.11% | -14.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 18.85% | -16.69% |
SFCIX vs. WFMIX - Expense Ratio Comparison
Both SFCIX and WFMIX have an expense ratio of 0.80%.
Dividends
SFCIX vs. WFMIX - Dividend Comparison
SFCIX's dividend yield for the trailing twelve months is around 2.06%, less than WFMIX's 9.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFCIX Allspring California Limited-Term Tax-Free Fund | 2.06% | 4.33% | 2.72% | 1.91% | 1.55% | 1.30% | 1.62% | 1.96% | 1.82% | 1.69% | 1.62% | 1.54% |
WFMIX Allspring Special Mid Cap Value Fund Class I | 9.93% | 11.24% | 8.00% | 5.51% | 8.71% | 9.87% | 0.66% | 7.48% | 2.74% | 4.41% | 1.44% | 4.47% |
Frequently Asked Questions
SFCIX and WFMIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFMIX has higher volatility (3.21%) compared to SFCIX (0.48%). In terms of maximum drawdown, SFCIX dropped -7.89% vs WFMIX's -52.70%.
SFCIX currently has the higher Sharpe Ratio (1.72 vs 1.08), 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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