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:
-0.30
SPY:
0.51
WFMIX:
-0.30
SPY:
0.86
WFMIX:
0.96
SPY:
1.13
WFMIX:
-0.23
SPY:
0.55
WFMIX:
-0.62
SPY:
2.26
WFMIX:
8.37%
SPY:
4.55%
WFMIX:
17.50%
SPY:
20.08%
WFMIX:
-56.74%
SPY:
-55.19%
WFMIX:
-17.28%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both stocks are quite close, with WFMIX having a -5.70% return and SPY slightly lower at -5.76%. Over the past 10 years, WFMIX has underperformed SPY with an annualized return of 4.00%, while SPY has yielded a comparatively higher 12.16% annualized return.
WFMIX
-5.70%
-3.31%
-13.50%
-5.49%
7.94%
4.00%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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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 1.40%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFMIX Allspring Special Mid Cap Value Fund Class I | 1.40% | 1.32% | 1.27% | 1.02% | 0.51% | 0.66% | 0.84% | 0.94% | 0.95% | 0.91% | 0.71% | 0.67% |
SPY SPDR S&P 500 ETF | 1.30% | 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 11.30%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. 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.