WFCMX vs. BGSAX
WFCMX (Allspring Managed Account CoreBuilder Shares - Series M) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - WFCMX is a Municipal Bonds fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. Over the past 10 years, WFCMX returned 2.81%/yr vs 25.45%/yr for BGSAX. At a correlation of -0.06, they often move in opposite directions. WFCMX charges 0.00%/yr vs 1.20%/yr for BGSAX.
Performance
WFCMX vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, WFCMX achieves a 2.26% return, which is significantly lower than BGSAX's 40.25% return. Over the past 10 years, WFCMX has underperformed BGSAX with an annualized return of 2.81%, while BGSAX has yielded a comparatively higher 25.45% annualized return.
WFCMX
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 2.26%
- 6M
- 2.79%
- 1Y
- 7.88%
- 3Y*
- 4.60%
- 5Y*
- 1.53%
- 10Y*
- 2.81%
BGSAX
- 1D
- -2.00%
- 1M
- 12.10%
- YTD
- 40.25%
- 6M
- 37.20%
- 1Y
- 62.46%
- 3Y*
- 39.48%
- 5Y*
- 16.87%
- 10Y*
- 25.45%
WFCMX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFCMX Allspring Managed Account CoreBuilder Shares - Series M | 2.26% | 4.16% | 3.50% | 6.05% | -8.63% | 2.47% | 4.20% | 8.74% | 2.62% | 7.03% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 40.25% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between WFCMX and BGSAX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2008 | -0.06 |
The correlation between WFCMX and BGSAX shifts across timeframes, from -0.06 (all time) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WFCMX vs. BGSAX — Risk / Return Rank
WFCMX
BGSAX
WFCMX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Managed Account CoreBuilder Shares - Series M (WFCMX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
| WFCMX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.42 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.42 | -0.24 |
| Martin ratioReturn relative to average drawdown | 12.14 | 10.27 | +1.87 |
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
| WFCMX | BGSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.09 | 2.55 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.61 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.99 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 0.45 | +0.94 |
Drawdowns
WFCMX vs. BGSAX - Drawdown Comparison
The maximum WFCMX drawdown since its inception was -13.42%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for WFCMX and BGSAX.
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Drawdown Indicators
| WFCMX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.42% | -73.75% | +60.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -18.49% | +16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -27.75% | +22.31% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -49.22% | +35.80% |
Max Drawdown (10Y)Largest decline over 10 years | -13.42% | -49.22% | +35.80% |
Current DrawdownCurrent decline from peak | 0.00% | -2.59% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -26.36% | +24.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 6.15% | -5.51% |
Volatility
WFCMX vs. BGSAX - Volatility Comparison
The current volatility for Allspring Managed Account CoreBuilder Shares - Series M (WFCMX) is 0.97%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 9.56%. This indicates that WFCMX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFCMX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 9.56% | -8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 20.41% | -18.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 24.84% | -22.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 27.76% | -23.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 25.88% | -22.06% |
WFCMX vs. BGSAX - Expense Ratio Comparison
WFCMX has a 0.00% expense ratio, which is lower than BGSAX's 1.20% expense ratio.
Dividends
WFCMX vs. BGSAX - Dividend Comparison
WFCMX's dividend yield for the trailing twelve months is around 4.01%, less than BGSAX's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 9.66% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
WFCMX Allspring Managed Account CoreBuilder Shares - Series M | 4.01% | 4.01% | 3.98% | 3.11% | 3.29% | 2.85% | 3.17% | 3.61% | 3.58% | 3.33% | 3.20% | 3.40% |
Frequently Asked Questions
WFCMX and BGSAX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (9.56%) compared to WFCMX (0.97%). In terms of maximum drawdown, WFCMX dropped -13.42% vs BGSAX's -73.75%.
WFCMX currently has the higher Sharpe Ratio (3.09 vs 2.55), 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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