WARAX vs. GBFFX
Compare and contrast key facts about Allspring Absolute Return Fund (WARAX) and GMO Benchmark-Free Fund (GBFFX).
WARAX is managed by Allspring Global Investments. It was launched on Feb 29, 2012. GBFFX is managed by GMO. It was launched on Jun 14, 2011.
Performance
WARAX vs. GBFFX - Performance Comparison
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WARAX vs. GBFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WARAX Allspring Absolute Return Fund | 14.43% | 8.07% | 5.93% | 12.53% | -2.75% | 2.25% | -3.25% | 11.65% | -5.78% | 12.11% |
GBFFX GMO Benchmark-Free Fund | 5.76% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
Returns By Period
In the year-to-date period, WARAX achieves a 14.43% return, which is significantly higher than GBFFX's 5.76% return. Over the past 10 years, WARAX has underperformed GBFFX with an annualized return of 5.57%, while GBFFX has yielded a comparatively higher 6.70% annualized return.
WARAX
- 1D
- -0.32%
- 1M
- 0.72%
- YTD
- 14.43%
- 6M
- 16.92%
- 1Y
- 20.53%
- 3Y*
- 12.91%
- 5Y*
- 6.90%
- 10Y*
- 5.57%
GBFFX
- 1D
- 1.05%
- 1M
- -2.94%
- YTD
- 5.76%
- 6M
- 12.11%
- 1Y
- 24.44%
- 3Y*
- 13.80%
- 5Y*
- 7.51%
- 10Y*
- 6.70%
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WARAX vs. GBFFX - Expense Ratio Comparison
WARAX has a 0.70% expense ratio, which is higher than GBFFX's 0.35% expense ratio.
Return for Risk
WARAX vs. GBFFX — Risk / Return Rank
WARAX
GBFFX
WARAX vs. GBFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Absolute Return Fund (WARAX) and GMO Benchmark-Free Fund (GBFFX). 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.
| WARAX | GBFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 3.08 | -0.66 |
Sortino ratioReturn per unit of downside risk | 3.24 | 4.08 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.63 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.94 | +0.23 |
Martin ratioReturn relative to average drawdown | 9.81 | 15.49 | -5.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WARAX | GBFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 3.08 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.94 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.74 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.65 | -0.06 |
Correlation
The correlation between WARAX and GBFFX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WARAX vs. GBFFX - Dividend Comparison
WARAX's dividend yield for the trailing twelve months is around 1.75%, less than GBFFX's 4.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WARAX Allspring Absolute Return Fund | 1.75% | 2.00% | 10.90% | 2.80% | 2.34% | 3.23% | 3.34% | 3.38% | 2.66% | 1.77% | 0.76% | 1.35% |
GBFFX GMO Benchmark-Free Fund | 4.84% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
Drawdowns
WARAX vs. GBFFX - Drawdown Comparison
The maximum WARAX drawdown since its inception was -23.16%, smaller than the maximum GBFFX drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for WARAX and GBFFX.
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Drawdown Indicators
| WARAX | GBFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -26.62% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -6.04% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -15.91% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -26.62% | +3.46% |
Current DrawdownCurrent decline from peak | -0.55% | -3.58% | +3.03% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -4.42% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.56% | +0.59% |
Volatility
WARAX vs. GBFFX - Volatility Comparison
Allspring Absolute Return Fund (WARAX) has a higher volatility of 3.67% compared to GMO Benchmark-Free Fund (GBFFX) at 3.36%. This indicates that WARAX's price experiences larger fluctuations and is considered to be riskier than GBFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WARAX | GBFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.36% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.22% | 5.27% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 7.98% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 8.02% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 9.07% | -1.16% |