WFMIX vs. TIP
WFMIX (Allspring Special Mid Cap Value Fund Class I) and TIP (iShares TIPS Bond ETF) are both funds - WFMIX is a Mid Cap Value Equities fund managed by Allspring Global Investments, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, WFMIX returned 10.85%/yr vs 2.53%/yr for TIP. At a correlation of -0.10, they often move in opposite directions. WFMIX charges 0.80%/yr vs 0.18%/yr for TIP.
Performance
WFMIX vs. TIP - 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 TIP's 1.40% return. Over the past 10 years, WFMIX has outperformed TIP with an annualized return of 10.85%, while TIP has yielded a comparatively lower 2.53% 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%
TIP
- 1D
- 0.01%
- 1M
- -0.21%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.61%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
WFMIX vs. TIP - 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% |
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between WFMIX and TIP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2005 | -0.10 |
The correlation between WFMIX and TIP shifts across timeframes, from -0.10 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WFMIX vs. TIP — Risk / Return Rank
WFMIX
TIP
WFMIX vs. TIP - 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 TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.34 | -0.55 |
| Martin ratioReturn relative to average drawdown | 5.91 | 7.00 | -1.09 |
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Drawdowns
WFMIX vs. TIP - Drawdown Comparison
The maximum WFMIX drawdown since its inception was -52.70%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for WFMIX and TIP.
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Drawdown Indicators
| WFMIX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -14.57% | -38.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -1.98% | -7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | -4.54% | -13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | -14.51% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | -14.51% | -29.29% |
Current DrawdownCurrent decline from peak | -0.40% | -0.46% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -3.43% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.66% | +2.27% |
Volatility
WFMIX vs. TIP - Volatility Comparison
Allspring Special Mid Cap Value Fund Class I (WFMIX) has a higher volatility of 4.41% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that WFMIX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFMIX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 1.03% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 2.32% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 3.39% | +10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 6.21% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 5.74% | +13.17% |
WFMIX vs. TIP - Expense Ratio Comparison
WFMIX has a 0.80% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
WFMIX vs. TIP - Dividend Comparison
WFMIX's dividend yield for the trailing twelve months is around 10.17%, more than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
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 TIP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFMIX has higher volatility (4.41%) compared to TIP (1.03%). In terms of maximum drawdown, WFMIX dropped -52.70% vs TIP's -14.57%.
TIP currently has the higher Sharpe Ratio (1.37 vs 1.23), 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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