WARAX vs. LOTIX

Last updated Aug 1, 2026

WARAX (Allspring Absolute Return Fund) and LOTIX (LoCorr Market Trend Fund) are both mutual funds - WARAX is a Global Allocation fund managed by Allspring, while LOTIX is a Systematic Trend fund managed by LoCorr. Over the past 10 years, WARAX returned 5.06%/yr vs 4.62%/yr for LOTIX. Their 0.21 correlation means their historical movements had little consistent relationship. WARAX charges 0.70%/yr vs 1.75%/yr for LOTIX.

Performance

WARAX vs. LOTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Absolute Return Fund (WARAX) and LoCorr Market Trend Fund (LOTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WARAX achieves a 12.25% return, which is significantly lower than LOTIX's 22.79% return. Over the past 10 years, WARAX has outperformed LOTIX with an annualized return of 5.06%, while LOTIX has yielded a comparatively lower 4.62% annualized return.

WARAX

• 1D: 0.41%
• 1M: -0.24%
• 6M: 3.78%
• YTD: 12.25%
• 1Y: 22.25%
• 3Y*: 10.27%
• 5Y*: 6.88%
• 10Y*: 5.06%
• ALL TIME*: 4.24%

LOTIX

• 1D: -0.29%
• 1M: 0.96%
• 6M: 15.12%
• YTD: 22.79%
• 1Y: 39.38%
• 3Y*: 6.23%
• 5Y*: 8.74%
• 10Y*: 4.62%
• ALL TIME*: 5.95%

*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)
LOTIX LoCorr Market Trend Fund	$0.00	$0.00	$0.00
WARAX Allspring Absolute Return Fund	$0.00	$0.00	$0.00

WARAX vs. LOTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WARAX Allspring Absolute Return Fund	12.25%	8.07%	5.93%	12.53%	-2.75%	2.25%	-3.25%	11.65%	-5.78%	12.11%
LOTIX LoCorr Market Trend Fund	22.79%	4.07%	5.74%	-10.95%	29.93%	1.03%	4.81%	18.53%	-13.44%	3.84%

Correlation

The correlation between WARAX and LOTIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (5Y) Shows whether the relationship held over a longer period.	0.27
Correlation (10Y) Provides a long-term view across more market conditions.	0.26
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.21

Over the past year, WARAX and LOTIX have become more correlated (0.75) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

WARAX vs. LOTIX — Risk / Return Rank

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

WARAX

WARAX Risk / Return Rank: 86
WARAX Sharpe Ratio Rank: 89
WARAX Sortino Ratio Rank: 84
WARAX Omega Ratio Rank: 84
WARAX Calmar Ratio Rank: 91
WARAX Martin Ratio Rank: 82

LOTIX

LOTIX Risk / Return Rank: 96
LOTIX Sharpe Ratio Rank: 98
LOTIX Sortino Ratio Rank: 95
LOTIX Omega Ratio Rank: 91
LOTIX Calmar Ratio Rank: 98
LOTIX Martin Ratio Rank: 98

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.

WARAX vs. LOTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Absolute Return Fund (WARAX) and LoCorr Market Trend Fund (LOTIX). 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.

	WARAX	LOTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	3.00	-0.78
Sortino ratio: Return per unit of downside risk	3.00	4.03	-1.03
Omega ratio: Gain probability vs. loss probability	1.40	1.51	-0.11
Calmar ratio: Return relative to maximum drawdown	3.45	7.57	-4.12
Martin ratio: Return relative to average drawdown	10.08	21.66	-11.59

WARAX vs. LOTIX - Sharpe Ratio Comparison

The current WARAX Sharpe Ratio is 2.22, which is comparable to the LOTIX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of WARAX and LOTIX, 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

WARAX vs. LOTIX - Drawdown Comparison

The maximum WARAX drawdown since its inception was -23.16%, smaller than the maximum LOTIX drawdown of -28.32%. Use the drawdown chart below to compare losses from any high point for WARAX and LOTIX.

Drawdown Indicators

	WARAX	LOTIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.16%	-28.32%	+5.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-4.85%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-20.20%	+14.03%
Max Drawdown (5Y) Largest decline over 5 years	-13.05%	-22.17%	+9.12%
Max Drawdown (10Y) Largest decline over 10 years	-23.16%	-23.96%	+0.80%
Current Drawdown Current decline from peak	-5.79%	-2.85%	-2.94%
Average Drawdown Average peak-to-trough decline	-3.84%	-10.68%	+6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.70%	+0.41%

Volatility

WARAX vs. LOTIX - Volatility Comparison

Allspring Absolute Return Fund (WARAX) and LoCorr Market Trend Fund (LOTIX) have volatilities of 3.02% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WARAX	LOTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	3.06%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	8.74%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	9.57%	12.29%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.91%	13.09%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.99%	13.19%	-5.20%

WARAX vs. LOTIX - Expense Ratio Comparison

WARAX has a 0.70% expense ratio, which is lower than LOTIX's 1.75% expense ratio.

Dividends

WARAX vs. LOTIX - Dividend Comparison

WARAX's dividend yield for the trailing twelve months is around 1.78%, less than LOTIX's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LOTIX LoCorr Market Trend Fund	2.13%	2.62%	5.66%	2.73%	17.57%	3.62%	0.24%	1.33%	0.00%	0.00%	1.89%	0.93%
WARAX Allspring Absolute Return Fund	1.78%	2.00%	10.90%	2.80%	2.34%	3.23%	3.34%	3.38%	2.66%	1.77%	0.76%	1.35%

Frequently Asked Questions

Can I hold both WARAX and LOTIX in my portfolio?

WARAX and LOTIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WARAX or LOTIX?

LOTIX has higher volatility (3.06%) compared to WARAX (3.02%). In terms of maximum drawdown, WARAX dropped -23.16% vs LOTIX's -28.32%.

Which has better risk-adjusted returns?

LOTIX currently has the higher Sharpe Ratio (3.00 vs 2.22), 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.