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WFDDX vs. SSHIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

WFDDX vs. SSHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Discovery SMID Cap Growth Fund (WFDDX) and Allspring Short-Term Bond Plus Fund (SSHIX). The values are adjusted to include any dividend payments, if applicable.

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WFDDX vs. SSHIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
SSHIX
Allspring Short-Term Bond Plus Fund
0.21%5.59%5.41%6.19%-4.87%0.16%6.02%4.80%1.41%1.31%

Returns By Period

In the year-to-date period, WFDDX achieves a -5.44% return, which is significantly lower than SSHIX's 0.21% return. Over the past 10 years, WFDDX has outperformed SSHIX with an annualized return of 11.17%, while SSHIX has yielded a comparatively lower 2.69% 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%

SSHIX

1D
0.12%
1M
-0.57%
YTD
0.21%
6M
1.31%
1Y
4.41%
3Y*
5.13%
5Y*
2.41%
10Y*
2.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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WFDDX vs. SSHIX - Expense Ratio Comparison

WFDDX has a 1.11% expense ratio, which is higher than SSHIX's 0.47% expense ratio.


Return for Risk

WFDDX vs. SSHIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WFDDX
WFDDX Risk / Return Rank: 1818
Overall Rank
WFDDX Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
WFDDX Sortino Ratio Rank: 1616
Sortino Ratio Rank
WFDDX Omega Ratio Rank: 1515
Omega Ratio Rank
WFDDX Calmar Ratio Rank: 2121
Calmar Ratio Rank
WFDDX Martin Ratio Rank: 2121
Martin Ratio Rank

SSHIX
SSHIX Risk / Return Rank: 9898
Overall Rank
SSHIX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SSHIX Sortino Ratio Rank: 9898
Sortino Ratio Rank
SSHIX Omega Ratio Rank: 9898
Omega Ratio Rank
SSHIX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SSHIX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WFDDX vs. SSHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery SMID Cap Growth Fund (WFDDX) and Allspring Short-Term Bond Plus Fund (SSHIX). 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.


WFDDXSSHIXDifference

Sharpe ratio

Return per unit of total volatility

0.47

3.15

-2.68

Sortino ratio

Return per unit of downside risk

0.85

4.93

-4.09

Omega ratio

Gain probability vs. loss probability

1.11

1.90

-0.79

Calmar ratio

Return relative to maximum drawdown

0.75

4.39

-3.64

Martin ratio

Return relative to average drawdown

2.63

18.99

-16.36

WFDDX vs. SSHIX - Sharpe Ratio Comparison

The current WFDDX Sharpe Ratio is 0.47, which is lower than the SSHIX Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of WFDDX and SSHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


WFDDXSSHIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.47

3.15

-2.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.09

1.18

-1.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

1.46

-1.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

1.56

-1.19

Correlation

The correlation between WFDDX and SSHIX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Dividends

WFDDX vs. SSHIX - Dividend Comparison

WFDDX's dividend yield for the trailing twelve months is around 18.16%, more than SSHIX's 4.57% yield.


TTM20252024202320222021202020192018201720162015
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%
SSHIX
Allspring Short-Term Bond Plus Fund
4.57%4.27%4.43%3.92%1.92%2.31%3.14%2.61%2.21%1.65%1.58%1.70%

Drawdowns

WFDDX vs. SSHIX - Drawdown Comparison

The maximum WFDDX drawdown since its inception was -59.22%, which is greater than SSHIX's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for WFDDX and SSHIX.


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Drawdown Indicators


WFDDXSSHIXDifference

Max Drawdown

Largest peak-to-trough decline

-59.22%

-7.13%

-52.09%

Max Drawdown (1Y)

Largest decline over 1 year

-14.77%

-1.03%

-13.74%

Max Drawdown (5Y)

Largest decline over 5 years

-59.22%

-7.13%

-52.09%

Max Drawdown (10Y)

Largest decline over 10 years

-59.22%

-7.13%

-52.09%

Current Drawdown

Current decline from peak

-37.02%

-0.68%

-36.34%

Average Drawdown

Average peak-to-trough decline

-16.17%

-0.62%

-15.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.20%

0.24%

+3.96%

Volatility

WFDDX vs. SSHIX - Volatility Comparison

Allspring Discovery SMID Cap Growth Fund (WFDDX) has a higher volatility of 10.27% compared to Allspring Short-Term Bond Plus Fund (SSHIX) at 0.56%. This indicates that WFDDX's price experiences larger fluctuations and is considered to be riskier than SSHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


WFDDXSSHIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.27%

0.56%

+9.71%

Volatility (6M)

Calculated over the trailing 6-month period

16.20%

0.86%

+15.34%

Volatility (1Y)

Calculated over the trailing 1-year period

25.09%

1.41%

+23.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.39%

2.05%

+31.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.15%

1.85%

+27.30%