WFCMX vs. DFSMX
WFCMX (Allspring Managed Account CoreBuilder Shares - Series M) and DFSMX (DFA Short Term Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, WFCMX returned 2.59%/yr vs 1.23%/yr for DFSMX. Their 0.31 correlation means their historical movements had little consistent relationship. WFCMX charges 0.00%/yr vs 0.20%/yr for DFSMX.
Performance
WFCMX vs. DFSMX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WFCMX having a 1.24% return and DFSMX slightly higher at 1.27%. Over the past 10 years, WFCMX has outperformed DFSMX with an annualized return of 2.59%, while DFSMX has yielded a comparatively lower 1.23% annualized return.
WFCMX
- 1D
- -0.18%
- 1M
- -1.59%
- 6M
- 0.45%
- YTD
- 1.24%
- 1Y
- 5.89%
- 3Y*
- 3.94%
- 5Y*
- 1.13%
- 10Y*
- 2.59%
- ALL TIME*
- 4.73%
DFSMX
- 1D
- 0.01%
- 1M
- 0.11%
- 6M
- 0.95%
- YTD
- 1.27%
- 1Y
- 2.25%
- 3Y*
- 2.65%
- 5Y*
- 1.76%
- 10Y*
- 1.23%
- ALL TIME*
- 1.62%
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 |
WFCMX vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFCMX Allspring Managed Account CoreBuilder Shares - Series M | 1.24% | 4.16% | 3.50% | 6.05% | -8.63% | 2.47% | 4.20% | 8.74% | 2.62% | 7.03% |
DFSMX DFA Short Term Municipal Bond Portfolio | 1.27% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 1.22% | 1.15% |
Correlation
The correlation between WFCMX and DFSMX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2008 | 0.31 |
The correlation between WFCMX and DFSMX shifts across timeframes, from 0.17 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WFCMX vs. DFSMX — Risk / Return Rank
WFCMX
DFSMX
WFCMX vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Managed Account CoreBuilder Shares - Series M (WFCMX) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| WFCMX | DFSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -7.35 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 5.99 | -4.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 22.52 | -19.88 |
| Martin ratioReturn relative to average drawdown | 9.79 | 86.52 | -76.73 |
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Drawdowns
WFCMX vs. DFSMX - Drawdown Comparison
The maximum WFCMX drawdown since its inception was -13.42%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for WFCMX and DFSMX.
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Drawdown Indicators
| WFCMX | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.42% | -2.66% | -10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -0.11% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -0.49% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -1.66% | -11.76% |
Max Drawdown (10Y)Largest decline over 10 years | -13.42% | -1.69% | -11.73% |
Current DrawdownCurrent decline from peak | -1.59% | 0.00% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -1.96% | -0.23% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.03% | +0.63% |
Volatility
WFCMX vs. DFSMX - Volatility Comparison
Allspring Managed Account CoreBuilder Shares - Series M (WFCMX) has a higher volatility of 0.79% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.17%. This indicates that WFCMX's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFCMX | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.17% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 0.38% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 0.54% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 0.79% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 0.76% | +3.07% |
WFCMX vs. DFSMX - Expense Ratio Comparison
WFCMX has a 0.00% expense ratio, which is lower than DFSMX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WFCMX vs. DFSMX - Dividend Comparison
WFCMX's dividend yield for the trailing twelve months is around 3.75%, more than DFSMX's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSMX DFA Short Term Municipal Bond Portfolio | 2.53% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
WFCMX Allspring Managed Account CoreBuilder Shares - Series M | 3.75% | 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 DFSMX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFCMX has higher volatility (0.79%) compared to DFSMX (0.17%). In terms of maximum drawdown, WFCMX dropped -13.42% vs DFSMX's -2.66%.
DFSMX currently has the higher Sharpe Ratio (4.43 vs 2.53), 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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