WFMIX vs. EWL
WFMIX (Allspring Special Mid Cap Value Fund Class I) and EWL (iShares MSCI Switzerland ETF) are both funds - WFMIX is a Mid Cap Value Equities fund managed by Allspring Global Investments, while EWL is a Europe Equities fund tracking the MSCI Switzerland Index. Over the past 10 years, WFMIX returned 10.85%/yr vs 10.14%/yr for EWL. A 0.65 correlation means they provide meaningful diversification when combined. WFMIX charges 0.80%/yr vs 0.50%/yr for EWL.
Performance
WFMIX vs. EWL - Performance Comparison
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Returns By Period
In the year-to-date period, WFMIX achieves a 10.59% return, which is significantly higher than EWL's 4.60% return. Over the past 10 years, WFMIX has outperformed EWL with an annualized return of 10.85%, while EWL has yielded a comparatively lower 10.14% annualized return.
WFMIX
- 1D
- 1.45%
- 1M
- 3.68%
- YTD
- 10.59%
- 6M
- 9.07%
- 1Y
- 16.75%
- 3Y*
- 12.04%
- 5Y*
- 7.84%
- 10Y*
- 10.85%
EWL
- 1D
- -0.30%
- 1M
- 1.55%
- YTD
- 4.60%
- 6M
- 7.45%
- 1Y
- 13.57%
- 3Y*
- 12.47%
- 5Y*
- 6.50%
- 10Y*
- 10.14%
WFMIX vs. EWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFMIX Allspring Special Mid Cap Value Fund Class I | 10.59% | 6.14% | 11.95% | 9.54% | -4.65% | 28.53% | 3.27% | 40.27% | -13.12% | 11.16% |
EWL iShares MSCI Switzerland ETF | 4.60% | 32.92% | -2.80% | 17.67% | -18.89% | 20.20% | 11.80% | 31.58% | -9.21% | 23.34% |
Correlation
The correlation between WFMIX and EWL is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2005 | 0.65 |
The correlation between WFMIX and EWL has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
WFMIX vs. EWL — Risk / Return Rank
WFMIX
EWL
WFMIX vs. EWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Mid Cap Value Fund Class I (WFMIX) and iShares MSCI Switzerland ETF (EWL). 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.
| WFMIX | EWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.01 | +0.79 |
| Martin ratioReturn relative to average drawdown | 5.91 | 3.24 | +2.67 |
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Drawdowns
WFMIX vs. EWL - Drawdown Comparison
The maximum WFMIX drawdown since its inception was -52.70%, roughly equal to the maximum EWL drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for WFMIX and EWL.
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Drawdown Indicators
| WFMIX | EWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -51.62% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -13.48% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | -13.48% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | -28.99% | +6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | -28.99% | -14.81% |
Current DrawdownCurrent decline from peak | -0.40% | -3.63% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -11.08% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 4.22% | -1.29% |
Volatility
WFMIX vs. EWL - Volatility Comparison
The current volatility for Allspring Special Mid Cap Value Fund Class I (WFMIX) is 4.41%, while iShares MSCI Switzerland ETF (EWL) has a volatility of 5.12%. This indicates that WFMIX experiences smaller price fluctuations and is considered to be less risky than EWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFMIX | EWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 5.12% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 12.70% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 16.09% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.13% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 16.47% | +2.44% |
WFMIX vs. EWL - Expense Ratio Comparison
WFMIX has a 0.80% expense ratio, which is higher than EWL's 0.50% expense ratio.
Dividends
WFMIX vs. EWL - Dividend Comparison
WFMIX's dividend yield for the trailing twelve months is around 10.17%, more than EWL's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWL iShares MSCI Switzerland ETF | 1.63% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
WFMIX Allspring Special Mid Cap Value Fund Class I | 10.17% | 11.24% | 8.00% | 5.51% | 8.71% | 9.87% | 0.66% | 7.48% | 2.74% | 4.41% | 1.44% | 4.47% |
Frequently Asked Questions
WFMIX and EWL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWL has higher volatility (5.12%) compared to WFMIX (4.41%). In terms of maximum drawdown, WFMIX dropped -52.70% vs EWL's -51.62%.
WFMIX currently has the higher Sharpe Ratio (1.23 vs 0.85), 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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