WEACX vs. WRPIX
WEACX (Allspring Spectrum Aggressive Growth Fund) and WRPIX (Allspring Alternative Risk Premia Fund) are both mutual funds - WEACX is a Diversified Portfolio fund managed by Allspring, while WRPIX is a Multistrategy fund managed by Allspring. Over the past 5 years, WEACX returned 8.68%/yr vs 7.29%/yr for WRPIX. Their 0.04 correlation means their historical movements had little consistent relationship. WEACX charges 1.50%/yr vs 0.72%/yr for WRPIX.
Performance
WEACX vs. WRPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WEACX having a 10.14% return and WRPIX slightly higher at 10.43%.
WEACX
- 1D
- 2.31%
- 1M
- -1.54%
- 6M
- 6.38%
- YTD
- 10.14%
- 1Y
- 21.70%
- 3Y*
- 16.06%
- 5Y*
- 8.68%
- 10Y*
- —
- ALL TIME*
- 11.58%
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 |
WEACX vs. WRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEACX Allspring Spectrum Aggressive Growth Fund | 10.14% | 20.01% | 15.43% | 18.33% | -19.88% | 19.02% | 22.18% | 13.74% |
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 WEACX and WRPIX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.04 |
The correlation between WEACX and WRPIX shifts across timeframes, from -0.03 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEACX vs. WRPIX — Risk / Return Rank
WEACX
WRPIX
WEACX vs. WRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Aggressive Growth Fund (WEACX) 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.
| WEACX | WRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.56 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 5.26 | -3.13 |
| Martin ratioReturn relative to average drawdown | 7.54 | 18.24 | -10.70 |
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Drawdowns
WEACX vs. WRPIX - Drawdown Comparison
The maximum WEACX drawdown since its inception was -27.06%, which is greater than WRPIX's maximum drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for WEACX and WRPIX.
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Drawdown Indicators
| WEACX | WRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.06% | -21.67% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -3.76% | -5.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -8.72% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -8.72% | -18.34% |
Current DrawdownCurrent decline from peak | -3.34% | -1.10% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -7.21% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.08% | +1.47% |
Volatility
WEACX vs. WRPIX - Volatility Comparison
Allspring Spectrum Aggressive Growth Fund (WEACX) has a higher volatility of 4.75% compared to Allspring Alternative Risk Premia Fund (WRPIX) at 2.20%. This indicates that WEACX's price experiences larger fluctuations and is considered to be riskier 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
| WEACX | WRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.20% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 5.25% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 6.94% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 7.17% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 7.08% | +7.88% |
WEACX vs. WRPIX - Expense Ratio Comparison
WEACX has a 1.50% expense ratio, which is higher than WRPIX's 0.72% expense ratio.
Dividends
WEACX vs. WRPIX - Dividend Comparison
WEACX's dividend yield for the trailing twelve months is around 11.12%, more than WRPIX's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
WEACX Allspring Spectrum Aggressive Growth Fund | 11.12% | 12.24% | 7.24% | 0.00% | 4.56% | 14.17% | 11.86% | 0.43% | 20.98% | 17.50% |
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% |
Frequently Asked Questions
WEACX and WRPIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEACX has higher volatility (4.75%) compared to WRPIX (2.20%). In terms of maximum drawdown, WEACX dropped -27.06% vs WRPIX's -21.67%.
WRPIX currently has the higher Sharpe Ratio (2.85 vs 1.29), 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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