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:
0.39
SPY:
2.21
WFMIX:
0.57
SPY:
2.93
WFMIX:
1.08
SPY:
1.41
WFMIX:
0.31
SPY:
3.26
WFMIX:
1.82
SPY:
14.40
WFMIX:
2.84%
SPY:
1.90%
WFMIX:
13.42%
SPY:
12.44%
WFMIX:
-56.74%
SPY:
-55.19%
WFMIX:
-13.15%
SPY:
-1.83%
Returns By Period
In the year-to-date period, WFMIX achieves a 4.24% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, WFMIX has underperformed SPY with an annualized return of 4.75%, while SPY has yielded a comparatively higher 13.04% annualized return.
WFMIX
4.24%
-12.26%
-3.29%
4.82%
3.33%
4.75%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFMIX Allspring Special Mid Cap Value Fund Class I | 0.00% | 1.27% | 1.02% | 0.51% | 0.66% | 0.84% | 0.94% | 0.95% | 0.91% | 0.71% | 0.67% | 0.51% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Allspring Special Mid Cap Value Fund Class I (WFMIX) has a higher volatility of 7.13% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that WFMIX'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.