WFMIX vs. SPY
Compare and contrast key facts about Allspring Special Mid Cap Value Fund Class I (WFMIX) and SPDR S&P 500 ETF (SPY).
WFMIX is managed by Allspring Global Investments. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WFMIX or SPY.
Correlation
The correlation between WFMIX and SPY is 0.88, 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.
Performance
WFMIX vs. SPY - Performance Comparison
Key characteristics
WFMIX:
0.63
SPY:
1.98
WFMIX:
0.88
SPY:
2.64
WFMIX:
1.13
SPY:
1.36
WFMIX:
0.56
SPY:
3.03
WFMIX:
1.96
SPY:
12.63
WFMIX:
4.39%
SPY:
2.02%
WFMIX:
13.69%
SPY:
12.89%
WFMIX:
-56.74%
SPY:
-55.19%
WFMIX:
-10.18%
SPY:
-0.86%
Returns By Period
In the year-to-date period, WFMIX achieves a 2.39% return, which is significantly lower than SPY's 3.15% return. Over the past 10 years, WFMIX has underperformed SPY with an annualized return of 5.57%, while SPY has yielded a comparatively higher 13.73% annualized return.
WFMIX
2.39%
1.92%
-4.19%
7.76%
4.13%
5.57%
SPY
3.15%
1.60%
12.25%
24.63%
14.82%
13.73%
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WFMIX vs. SPY - Expense Ratio Comparison
WFMIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
WFMIX vs. SPY — Risk-Adjusted Performance Rank
WFMIX
SPY
WFMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Special Mid Cap Value Fund Class I (WFMIX) and 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.
Dividends
WFMIX vs. SPY - Dividend Comparison
WFMIX's dividend yield for the trailing twelve months is around 1.29%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFMIX Allspring Special Mid Cap Value Fund Class I | 1.29% | 1.32% | 1.27% | 1.02% | 0.51% | 0.66% | 0.84% | 1.87% | 0.95% | 0.91% | 0.71% | 0.67% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
WFMIX vs. SPY - Drawdown Comparison
The maximum WFMIX drawdown since its inception was -56.74%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WFMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
WFMIX vs. SPY - Volatility Comparison
The current volatility for Allspring Special Mid Cap Value Fund Class I (WFMIX) is 3.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.20%. This indicates that WFMIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.