SSHIX vs. WRPIX
SSHIX (Allspring Short-Term Bond Plus Fund) and WRPIX (Allspring Alternative Risk Premia Fund) are both mutual funds - SSHIX is a Short-Term Bond fund managed by Allspring, while WRPIX is a Multistrategy fund managed by Allspring. Over the past 5 years, SSHIX returned 2.41%/yr vs 7.29%/yr for WRPIX. Their -0.12 correlation means they have often moved in opposite directions in the past. SSHIX charges 0.47%/yr vs 0.72%/yr for WRPIX.
Performance
SSHIX vs. WRPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SSHIX achieves a 0.62% return, which is significantly lower than WRPIX's 10.43% return.
SSHIX
- 1D
- 0.12%
- 1M
- -0.35%
- 6M
- 0.20%
- YTD
- 0.62%
- 1Y
- 2.75%
- 3Y*
- 5.07%
- 5Y*
- 2.41%
- 10Y*
- 2.60%
- ALL TIME*
- 3.09%
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 |
SSHIX vs. WRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SSHIX Allspring Short-Term Bond Plus Fund | 0.62% | 5.59% | 5.41% | 6.19% | -4.87% | 0.16% | 6.02% | 4.09% |
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 SSHIX and WRPIX is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | -0.12 |
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Return for Risk
SSHIX vs. WRPIX — Risk / Return Rank
SSHIX
WRPIX
SSHIX vs. WRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Short-Term Bond Plus Fund (SSHIX) 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.
| SSHIX | WRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.56 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 5.26 | -3.01 |
| Martin ratioReturn relative to average drawdown | 9.24 | 18.24 | -9.00 |
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Drawdowns
SSHIX vs. WRPIX - Drawdown Comparison
The maximum SSHIX drawdown since its inception was -7.13%, smaller than the maximum WRPIX drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for SSHIX and WRPIX.
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Drawdown Indicators
| SSHIX | WRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -21.67% | +14.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -3.76% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -8.72% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -7.13% | -8.72% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.10% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -7.21% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 1.08% | -0.74% |
Volatility
SSHIX vs. WRPIX - Volatility Comparison
The current volatility for Allspring Short-Term Bond Plus Fund (SSHIX) is 0.56%, while Allspring Alternative Risk Premia Fund (WRPIX) has a volatility of 2.20%. This indicates that SSHIX 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
| SSHIX | WRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 2.20% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 5.25% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.43% | 6.94% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 7.17% | -5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.86% | 7.08% | -5.22% |
SSHIX vs. WRPIX - Expense Ratio Comparison
SSHIX has a 0.47% expense ratio, which is lower than WRPIX's 0.72% expense ratio.
Dividends
SSHIX vs. WRPIX - Dividend Comparison
SSHIX's dividend yield for the trailing twelve months is around 3.80%, less than WRPIX's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHIX Allspring Short-Term Bond Plus Fund | 3.80% | 4.27% | 4.43% | 3.92% | 1.92% | 2.31% | 3.14% | 2.61% | 2.21% | 1.65% | 1.58% | 1.70% |
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
SSHIX and WRPIX have a correlation of -0.13, 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 SSHIX (0.56%). In terms of maximum drawdown, SSHIX dropped -7.13% vs WRPIX's -21.67%.
WRPIX currently has the higher Sharpe Ratio (2.85 vs 2.19), 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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