WARAX vs. LGI
Compare and contrast key facts about Allspring Absolute Return Fund (WARAX) and Lazard Global Total Return and Income Fund (LGI).
WARAX is managed by Allspring Global Investments. It was launched on Feb 29, 2012. LGI is managed by Lazard. It was launched on Apr 28, 2004.
Performance
WARAX vs. LGI - Performance Comparison
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WARAX vs. LGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WARAX Allspring Absolute Return Fund | 14.79% | 8.07% | 5.93% | 12.53% | -2.75% | 2.25% | -3.25% | 11.65% | -5.78% | 12.11% |
LGI Lazard Global Total Return and Income Fund | -5.39% | 21.36% | 14.00% | 12.89% | -20.57% | 25.28% | 17.04% | 30.25% | -10.51% | 39.37% |
Returns By Period
In the year-to-date period, WARAX achieves a 14.79% return, which is significantly higher than LGI's -5.39% return. Over the past 10 years, WARAX has underperformed LGI with an annualized return of 5.60%, while LGI has yielded a comparatively higher 12.55% annualized return.
WARAX
- 1D
- 0.48%
- 1M
- 1.12%
- YTD
- 14.79%
- 6M
- 17.82%
- 1Y
- 21.60%
- 3Y*
- 13.03%
- 5Y*
- 7.02%
- 10Y*
- 5.60%
LGI
- 1D
- 3.81%
- 1M
- -16.95%
- YTD
- -5.39%
- 6M
- -2.20%
- 1Y
- 15.87%
- 3Y*
- 11.24%
- 5Y*
- 5.89%
- 10Y*
- 12.55%
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WARAX vs. LGI - Expense Ratio Comparison
WARAX has a 0.70% expense ratio, which is higher than LGI's 0.02% expense ratio.
Return for Risk
WARAX vs. LGI — Risk / Return Rank
WARAX
LGI
WARAX vs. LGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Absolute Return Fund (WARAX) and Lazard Global Total Return and Income Fund (LGI). 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 | LGI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 0.80 | +1.65 |
Sortino ratioReturn per unit of downside risk | 3.28 | 1.16 | +2.12 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.18 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 4.34 | 0.74 | +3.60 |
Martin ratioReturn relative to average drawdown | 10.20 | 3.73 | +6.47 |
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 | LGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 0.80 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.31 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.63 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.36 | +0.23 |
Correlation
The correlation between WARAX and LGI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WARAX vs. LGI - Dividend Comparison
WARAX's dividend yield for the trailing twelve months is around 1.74%, less than LGI's 11.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WARAX Allspring Absolute Return Fund | 1.74% | 2.00% | 10.90% | 2.80% | 2.34% | 3.23% | 3.34% | 3.38% | 2.66% | 1.77% | 0.76% | 1.35% |
LGI Lazard Global Total Return and Income Fund | 11.06% | 10.08% | 9.19% | 7.32% | 10.22% | 9.77% | 7.17% | 6.44% | 19.88% | 5.46% | 6.94% | 8.52% |
Drawdowns
WARAX vs. LGI - Drawdown Comparison
The maximum WARAX drawdown since its inception was -23.16%, smaller than the maximum LGI drawdown of -63.34%. Use the drawdown chart below to compare losses from any high point for WARAX and LGI.
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Drawdown Indicators
| WARAX | LGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -63.34% | +40.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -21.25% | +16.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -32.84% | +18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -42.94% | +19.78% |
Current DrawdownCurrent decline from peak | -0.24% | -18.25% | +18.01% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -10.96% | +7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 4.21% | -2.06% |
Volatility
WARAX vs. LGI - Volatility Comparison
The current volatility for Allspring Absolute Return Fund (WARAX) is 3.66%, while Lazard Global Total Return and Income Fund (LGI) has a volatility of 10.00%. This indicates that WARAX experiences smaller price fluctuations and is considered to be less risky than LGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WARAX | LGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 10.00% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 13.77% | -6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 19.92% | -11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 19.17% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 20.06% | -12.15% |