WFDDX vs. SPY
Compare and contrast key facts about Allspring Discovery SMID Cap Growth Fund (WFDDX) and State Street SPDR S&P 500 ETF (SPY).
WFDDX is managed by Allspring Global Investments. It was launched on Apr 8, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
WFDDX vs. SPY - Performance Comparison
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WFDDX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFDDX Allspring Discovery SMID Cap Growth Fund | -5.44% | 5.51% | 18.05% | 20.25% | -37.83% | -6.10% | 61.81% | 61.34% | -6.95% | 29.27% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, WFDDX achieves a -5.44% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, WFDDX has underperformed SPY with an annualized return of 11.17%, while SPY has yielded a comparatively higher 14.06% annualized return.
WFDDX
- 1D
- 5.02%
- 1M
- -7.37%
- YTD
- -5.44%
- 6M
- -5.97%
- 1Y
- 10.89%
- 3Y*
- 8.43%
- 5Y*
- -3.02%
- 10Y*
- 11.17%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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WFDDX vs. SPY - Expense Ratio Comparison
WFDDX has a 1.11% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
WFDDX vs. SPY — Risk / Return Rank
WFDDX
SPY
WFDDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery SMID Cap Growth Fund (WFDDX) and State Street SPDR S&P 500 ETF (SPY). 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.
| WFDDX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.96 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.49 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.53 | -0.78 |
Martin ratioReturn relative to average drawdown | 2.63 | 7.27 | -4.64 |
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
| WFDDX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.96 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.70 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.79 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.56 | -0.19 |
Correlation
The correlation between WFDDX and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WFDDX vs. SPY - Dividend Comparison
WFDDX's dividend yield for the trailing twelve months is around 18.16%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFDDX Allspring Discovery SMID Cap Growth Fund | 18.16% | 17.17% | 9.33% | 0.00% | 1.35% | 36.45% | 4.93% | 26.87% | 19.12% | 17.95% | 1.32% | 8.92% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
WFDDX vs. SPY - Drawdown Comparison
The maximum WFDDX drawdown since its inception was -59.22%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WFDDX and SPY.
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Drawdown Indicators
| WFDDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.22% | -55.19% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -12.05% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -59.22% | -24.50% | -34.72% |
Max Drawdown (10Y)Largest decline over 10 years | -59.22% | -33.72% | -25.50% |
Current DrawdownCurrent decline from peak | -37.02% | -5.53% | -31.49% |
Average DrawdownAverage peak-to-trough decline | -16.17% | -9.09% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 2.54% | +1.66% |
Volatility
WFDDX vs. SPY - Volatility Comparison
Allspring Discovery SMID Cap Growth Fund (WFDDX) has a higher volatility of 10.27% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that WFDDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFDDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 5.35% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 9.50% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.09% | 19.06% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.39% | 17.06% | +16.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.15% | 17.92% | +11.23% |